The Global 3 Terminal Filters Market size is projected to grow at a CAGR of 3.2% during the forecast period, 2021-2028. There are many drivers that can impact the growth of the 3 Terminal Filters market. The increasing need to reduce the total cost of ownership, aging infrastructure, and depleting fossil fuels will drive demand for 3 Terminal Filters. However, regulatory restrictions on hazardous substances like mercury may cause a decline in the global 3 Terminal Filters market.
3 Terminal Filters can be defined as a power supply filter that is used to isolate the device from noise and voltage fluctuations in a circuit. They take advantage of passive components such as inductors, capacitors, resistors along with semiconductor devices which are used for energy storage or conversion all together into one single package.
On the basis of Types, the market is segmented into 0.3A Rated Current, 0.4A Rated Current, 1A Rated Current, 2A Rated Current, Other.
0.3A Rated Current Terminal Filters are used to filter AC current, which is supplied from the main power supply. After filtering this current, it provides a stable voltage output with an ideal waveform for further use. This removes disturbance in the provided electricity and allows users to have smooth operations of their systems. Moreover, 0.3A rated filters are also used as protection against overvoltages across wires or circuits that may cause damage to electronic appliances connected to them.
0.40A Rated Current Terminal Filters are used for protecting the circuit from over current and voltage surges, by diverting excess energy through an internal resistive element.
1A Rated Current Terminal Filters are devices that protect low-power electronic equipment from voltage transients induced by lightning and other transient voltages.
2A Rated Current Terminal Filters are used for high-current applications. They are used in applications where the current rating is larger than 0.25 Amps and voltage rating of fewer than 50 Volts AC or DC, such as protection against overvoltages on power cables up to 1000 V AC or 1500 V DC.
On the basis of Application, the market is segmented into Three-Phase Power, Frequency Converter, and Motor Driver. Three Phase power applications have the largest market share due to increasing demand for efficient three-phase transformers from end-user industries such as construction companies, railway networks companies, etc.
The main uses of three-terminal filters in three-phase power applications include-
• High voltage (HV) filter for HVDC transmission line protection.
• Filter network used to control harmonics on high voltage overhead lines.
• Harmonics filtering in industrial applications.
The use of three-terminal filters in motor drivers can help reduce noise and allow for a smoother current flow. This helps to limit the amount of heat that builds up as well as keep voltage at maximum levels throughout the device, even during periods where it is under high load or demand.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to witness the highest CAGR during the forecast period. The North American market is driven by factors like rising demand for efficient power supplies and an increase in smart grid deployment. However, the Asia Pacific region has high growth potential owing to the presence of a large number of end-user industries such as oil & gas, chemical, food processing, etc.
The key driving factors for the growth of this market are the advancements in the product and technology, increasing application of filters for power protection; adoption of new technologies such as micro-inverter systems to increase energy production from renewable resources.
Up Market Research published a new report titled “3 Terminal Filters Market research report which is segmented by Types (0.3A Rated Current, 0.4A Rated Current, 1A Rated Current, 2A Rated Current, Other), By Applications (Three-Phase Power, Frequency Converter, Motor Driver, Other), By Players/Companies Murata Manufacturing, Knowles Capacitors, TDK Corporation, KEMET, Panasonic Corporation, SCHAFFNER HOLDING AG, API Technologies, Curtis Industries, YUNPEN ELECTRONIC CO, Airclean Ltd”.
Report Attributes | Report Details |
Report Title | 3 Terminal Filters Market Research Report |
By Type | 0.3A Rated Current, 0.4A Rated Current, 1A Rated Current, 2A Rated Current, Other |
By Application | Three-Phase Power, Frequency Converter, Motor Driver, Other |
By Companies | Murata Manufacturing, Knowles Capacitors, TDK Corporation, KEMET, Panasonic Corporation, SCHAFFNER HOLDING AG, API Technologies, Curtis Industries, YUNPEN ELECTRONIC CO, Airclean Ltd |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 0.3A Rated Current, 0.4A Rated Current, 1A Rated Current, 2A Rated Current, Other and By Application Three-Phase Power, Frequency Converter, Motor Driver, Other.
Some of the companies that are profiled in this report are:
3 Terminal Filters Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the 3 Terminal Filters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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