The Common-mode Chokes Market is projected to grow from USD 629 Million in 2023 to USD 820 Million by 2028; it is expected to grow at a CAGR of 5.4% during the forecast period. Increading adoption od common-mode chokes in automotive and transportation applications, rising trend towards Industry 4.0 technology and rapid use of common-mode chokes in consumer electronics are factors expected to boost the growth of the common-mode chokes market in the next five years. However, performance limitations with low cost common-mode chokes and high complexities related to common-mode chokes are projected to be the key challenges and restraining factors for the industry players.
Key players operating in the market include Eaton (Ireland), TDK Corporation (Japan), Murata Manufacturing Co., Ltd (Japan), Schaffner Holding AG (Switzerland), and YAGEO Group (Pulse Electronics) (Taiwan) among others. The common-mode chokes market is highly competitive with several global market players. Product launches and developments, acquisitions, collaborations, and expansions were among the major strategies adopted by these players to compete in the market.
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Eaton Corporation Plc (Eaton) is a power management company. It designs, develops, and sells energy-efficient products, technologies, and services that help customers manage electrical, aerospace, hydraulic, and mechanical power more reliably, efficiently, safely, and sustainably. Eaton's portfolio can broadly be divided into two halves. One part of its portfolio is housed under its industrial sector umbrella, which serves a large variety of end markets, including commercial vehicles, general aviation, and trucks. The other portion is Eaton's electrical sector portfolio, which serves data centers, utilities, and residential end users. The company operates in six segments: Electrical Americas, Electrical Global, Hydraulic, Aerospace, Vehicle, and eMobility. The Electrical Global segment includes electrical components, power distribution and assemblies, industrial components, single-phase and three-phase power quality, and services. Eaton's wide portfolio covers various sectors, such as electrical systems, hydraulics, aerospace, vehicles, and e-mobility. It has a geographical presence across the world, operates in 60 counties, and sells products in more than 175 countries.
YAGEO Group is a leading global electronic component company with capabilities on a global scale, including production and sales facilities in Asia, Europe, and the Americas. The corporation provides one-stop shopping, offering its complete product portfolio of resistors, capacitors, inductors, transformers, relays, antennas, wireless components, and circuit protection components to meet the diverse requirements of customers. The brand name of YAGEO inductors has been changed to PULSE from April 1, 2022. Pulse Electronics has expanded its range of automotive-grade IATF catalog of common-mode chokes with the introduction of the PMC9539 series. Further, in 2020, a US-based supplier of passive components—KEMET Corporation—was acquired by Yageo Corporation in a cash transaction worth USD 1.8 billion, including the assumption of liabilities. Under the deal, Yageo will acquire all the outstanding shares of KEMET Corporation for USD 27.20 per share. This acquisition will create an opportunity for Yageo in the common-mode chokes market as KEMET Corporation offers a wide range of AC and DC common-mode chokes. KEMET Corporation’s common-mode and normal-mode chokes are suitable for various applications, including home appliances and industrial equipment.
Common-mode Chokes Market by Type (Data Line, Power Line, Signal Line), Verticals (Aerospace & Defense, Automotive, Commercial, Consumer Electronics, Industrial) and Region - Global Forecast to 2028
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