AC Line Filter Market Size, Share, Industry, Forecast and Outlook (2024-2031)

AC Line Filter Market is Segmented By Type (Passive Filters, Active Filters), By Application (Residential Applications, Commercial Applications, Industrial Applications, Automotive Applications, Other), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

Global AC Line Filter Market reached US$ 1.3 billion in 2022 and is expected to reach US$ 2.1 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2024-2031.

AC line filter market is experiencing growth globally, driven by advancements such as micro-super capacitors (MSCs) and their applications in AC line-filtering. MSCs have undergone significant development as next-generation micro-electrochemical energy storage devices. Its rapid frequency response characteristics make them potential candidates to replace conventional capacitors in AC line-filtering applications.

The use of super capacitors, specifically AC line filter electrochemical capacitors (FECs), is on the rise. FECs offer higher capacity and lower space occupancy compared to traditional aluminum electrolytic capacitors (AECs). It is becoming strong competitors in the AC line filter capacitor market. The development of FECs is promoting the planarization, integration and miniaturization of filter capacitors. The trend aligns with the increasing demand for compact and efficient AC line filter solutions.

Asia-Pacific holds the largest segment in the AC line filter market driven by a notable shift toward renewable energy sources. As per IEA, wind and solar energy's combined share has doubled over the last decade, reaching 4% of the total electricity mix in 2021. China is experiencing substantial electricity demand growth. It is on track to account for 33% of global electricity demand by 2025. The shift emphasizes the importance of AC line filters in maintaining the quality and reliability of renewable energy systems.

Market Summary

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Market Dynamics

AC Line Filter Market Thrives Amidst Global Electricity Revolution

AC line filter market is expected to be driven by the global electricity generation trends. As per IEA, Renewable energy sources and nuclear power are expected to dominate the global electricity supply growth over the next three years. Together, they will meet over 90% of the additional electricity demand. The global electricity demand is expected to grow at a faster pace, with an annual growth rate of 3% bеtwееn 2023 and 2025 as compared to the 2022 growth rate.

China is expected to be a major country in driving renewable energy growth globally, as it is about to witness more than 45% increase in renewable generation from 2023 to 2025. Similarly, European Union follows with a 15% contribution to this growth. Also, as nuclear power output increases, AC line filters are essential for maintaining a consistent and clean power supply. The expansion of renewable energy capacity requires robust infrastructure to manage the fluctuations in power generation and AC line filters are integral in achieving grid reliability.

Innovations in AC Line Filters: Meeting Evolving Needs in Professional Environments

The advancement and innovation in the field of AC line filters are driven by the evolving needs of AC line filter equipment, especially in professional environments like industrial, healthcare and ITE applications. Traditional AC line filters have been used as integral components in these applications, but the increasing demand for electromagnetic compatibility (EMC) compliance and the challenges posed by various conditions have spurred innovations in modular EMI AC line filters.

Furthermore, the complex interactions between components, such as embedded AC-DC converters, cables and ground positions, can lead to variations in conducted EMI signatures. As a result, modular filters have emerged as a solution to ensure system-level EMC compliance. The filters, which come in various mechanical formats, play a crucial role in attenuating both differential mode noise and common mode noise, contributing to improved EMC performance. Additionally, innovations like active EMI filters (AEF) are changing the landscape by offering smaller, lighter and more efficient solutions to meet EMI regulatory standards while reducing system costs.

Impacts of Global Energy Dynamics

The AC line filter market is faced several negative impacts due to global energy dynamics in recent years. The major issues like the record-high energy prices resulting from the global energy crisis triggered by Russia's invasion of Ukraine. The soaring energy prices have led to major escalated power generation costs, which, in turn, have contributed to a rapid rise in inflation. As a result, economies globally, still recovering from the aftermath of the COVID-19 pandemic, are grappling with the financial strain caused by these energy cost increases. 

The financial pressure has led to economic slowdowns, creating headwinds that stifle electricity demand growth in most regions globally. In particular, electricity consumption in the European Union experienced a significant 3.5% year-on-year decline in 2022, primarily due to the region's vulnerability to high energy prices, leading to substantial demand destruction among industrial consumers. Furthermore, the impact of COVID-19 restrictions in China has affected the pace of its electricity demand growth, with a notable decrease to an estimated 2.6% in 2022, well below its pre-pandemic average.

Market Segment Analysis

The global AC Line Filtermarket is segmented based on type, application and region.

Single-Stage Filters: Effective EMI Suppression in Diverse Application 

Single-stage filters hold a major segment in the AC line filter market due to their widespread use and effectiveness in suppressing electromagnetic interference (EMI) in single-phase circuits. Single-stage EMI filters are versatile and can be employed in a wide range of applications, making them suitable for various industries and equipment types. Many electrical and electronic devices operate on single-phase power, making single-stage filters a common choice for EMI mitigation.

In a recent development by Texas Instruments, they have introduced standalone active electromagnetic-interference (EMI) filter ICs that aim to revolutionize high-power applications by reducing the size of chokes by a significant 50%. The innovation not only shrinks the footprint of EMI filters but also helps in cost reduction, making it a compelling solution for designers dealing with stringent EMI requirements. The primary focus of this advancement is power density, especially in challenging form factors. Texas Instruments has designed these active EMI filter ICs to cater to high-power-density applications efficiently.

Market Geographical Share

AC Line Filter Market Thrives in Asia-Pacific Amidst Growing Energy Demands

Asia-Pacific is region is expected to hold the largest share in the AC line filter market, initiatives by organizations like the Asian Development Bank (ADB) to improve energy access, promote clean energy, facilitate regional cooperation and drive governance and reform in the energy sector. ADB is actively supporting its developing member countries in Asia-Pacific to enhance energy access. There is growing demand for electrical appliances and equipment as there is growing access to electricity for people, including air conditioners and refrigerators, which require AC line filters for efficient operation.

The International Energy Agency reports suggested that APAC will account for half of the world's electricity consumption by 2025. The surge in electricity demand necessitates a robust electrical infrastructure, including AC line filters, to ensure a stable and clean power supply. The growth of the AC line filter market is not limited to individual countries but spans the entire APAC region. Regional cooperation and power trade initiatives further boost the demand for AC line filters to maintain stable electrical grids during cross-border energy exchanges.

AC Line Filter Market Companies

The major global players in the market include Schaffner Group, TE Connectivity, TDK Corporation, Murata Manufacturing Co., Ltd., MTE Corporation, Schurter, Astrodyne TDI, ONFILTER, XP Power and Panasonic Corporation.

COVID-19 Impact Analysis

COVID-19 pandemic made a significant impact on the AC line filter market, primarily due to its influence on electricity demand and industrial activities. During the early phases of the pandemic, many countries implemented lockdowns and restrictions, leading to a substantial drop in electricity demand. The decline was particularly evident in industrial and commercial sectors, which significantly reduced their operations.

Furthermore, as lockdown measures were eased in various countries, electricity demand began to show signs of recovery. The recovery was most notable in countries like India, where demand rebounded more strongly. Industrial and commercial sectors, which are significant users of AC line filters, saw fluctuations in their electricity demand. The recovery in these sectors played a crucial role in the overall market dynamics.

Russia-Ukraine War Impact

Russia-Ukraine war has had an impact on the AC line filter market, particularly in terms of potential price hikes and supply chain disruptions. The war in Ukraine made concerns about the availability and cost of key raw materials used in the manufacturing of air conditioners and other consumer durable items. Materials like copper, aluminum, steel and plastic prices got high due to global supply chain disruptions and uncertainty caused by the conflict.

Leading manufacturers of consumer durable items, including air conditioners, have warned consumers of potential price hikes in the near future. The rising prices of commodities, global fright costs and shortages of raw materials over the past yеar have already contributed to significant price increases in the white goods sector. The conflict has led to supply chain disruptions, including increased lead times for ocean freight deliveries. The disruption can impact the timely availability of components and finished products, potentially affecting the supply of air conditioning units to the market.

Key Developments

• In March 2023, Texas Instruments (TI) has introduced a groundbreaking innovation in the field of active electromagnetic interference (EMI) filters with the launch of the industry's first stand-alone active EMI filter integrated circuits (ICs). The active EMI filter ICs are designed to address the challenges faced by engineers in designing high-density power supply systems, where mitigating EMI is a critical consideration.
• In September 2023, Vertiv made a significant stride in the realm of power quality improvement with the introduction of the Vertiv Liebert AF4. The innovative offering comprises a set of active harmonic filters empowered by artificial neural network (ANN) technology, purpose-built to address the burgeoning demand for enhanced power quality within facility electrical distribution systems across India.

Why Purchase the Report?

• To visualize the global AC line filter market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of AC line filter market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global AC line filter market report would provide approximately 53 tables, 48 figures and 186 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies