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Analysis of the Global Harmonic Filters Market

  • April 2013
  • Frost & Sullivan
Report ID: 1172014

Summary

Table of Contents

Increased Use of Variable-frequency Drives Spurs Growth for Harmonic Filters

This market research service offers analysis of the global harmonics filters market that includes in-depth look at the following three segments: low voltage, medium voltage, and high voltage. It includes analysis on active versus passive filters. Additionally, it takes a look at two key end user verticals namely industrial and commercial. The global market is divided into five regions including: North America, Europe, Asia-Pacific, Latin America, and Rest of World. Additionally, this research service highlights the key vendors in each of the above mentioned segments and identifies drivers and restraints that support the growth of this market.

Executive Summary

- The total global harmonic filters market is estimated to be $X million in 2012, with a base year growth rate of X percent.
- The compound annual growth rate for this market is expected to be X percent from 2012 to 2019.
- The market is expected to witness steady growth despite setbacks from the economic downturn in 2008.
- Growth in this market primarily comes from the heightened increase in adoption of variable frequency drives in mature markets such as North America.
- There is a greater uptake for active filters versus passive filters.
- Active filter technology has become popular in North America while Latin America is still a slow adopter of this technology.
- The low voltage segment is the area of the highest volumes.
- A growing market overall, harmonic filters are poised for growth.

CEO’s Perspective

1. Harmonic distortion in variable frequency drives propelling growth.
2. Lack of product differentiation is slowing market growth.
3. Growth in Asia-Pacific, Latin America and Rest of World is propelling global growth.
4. Increasing awareness of the need for power quality is a factor for growth.
5. Economic uncertainty is a critical factor for the stability of this market.

Key Questions This Study Will Answer

- Is the market growing, how long will it continue to grow, and at what rate?
- Which specific segments in the market are poised for growth?
- Which regions worldwide are positioned to grow? A comparison of growth by regions is presented.
- What are the specific indicators that provide a good measure for the growth of this market?
- What is the potential for technology growth in this market?
- Are the vendors in the space ready to go it alone, or do they need partnerships to take their business to the next level?

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