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Harmonic Filter Market by Type, Voltage Level, Phase, End User, and Region - Global Forecast to 2023

Harmonic Filter Market: Global Forecast until 2023

  • June 2017
  • 173 pages
  • ID: 4937591
In this report:
The market for the commercial end user is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2023, at the highest CAGR of ##.##% between 2017 and 2023 owing to the increasing number of IT facilities and data centers in this region.
The market for passive harmonic filters registered the highest shipment of ##.## million units in 2016 and is expected to reach ##.## million units by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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"The harmonic filter market is estimated to rise at a compound annual growth rate of ~6.7 percent between 2017 and 2023"

According to the new market research report, the harmonic filter market is forecasted to grow from ~$0.7B in 2016 to ~$1.1B by 2023, at a compound annual growth rate (CAGR) of ~6.7 percent between 2017 and 2023. The main reason fueling the increase of the market is the need to eliminate the harmonic distortion caused by nonlinear loads. Harmonics in power systems result in increased heating of equipment and conductors, misfiring in variable speed drives, and torque pulsations in motors. Therefore, reduction of harmonics using filters is crucial across industrial and commercial markets.

"Established on category, the passive segment is anticipated to lead the harmonic filter market between 2017 and 2023"

The cost of Passive Harmonic Filter is lower than Active Harmonic Filter, as the former is built using passive network elements, including resistors, capacitors, and inductors. In the present scenario, PHF is most commonly used to control the flow of harmonic currents. PHFs offer a plug-and-play approach with more compact dimensions, which is one of their main advantages over AHFs.

"The harmonic filter market in Asia-Pacific is anticipated to rise at the highest compound annual growth rate (CAGR) during the outlook period"

The harmonic filter market has been studied for North America (NA), EU, Asia-Pac, and RoW. The sector in Asia-Pacific is anticipated to grow at the maximal rate between 2017 and 2023. This can be connected to the increase of distinct sectors in the territory and the adoption of complex equipment that tend to generate harmonics.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with top experts. The breakup of profiles of primary members taking part is presented below:

• By Company category: Tier 1-25.0 percent, Tier 2-40.0 percent, and Tier 3-35.0 percent

• By Description: C Level-50%, Director Level-40%, and Others-10%

• By Area: North America-35%, Europe-22%, APAC-28%, and RoW-15%

Top actors in the harmonic filter market are ABB Ltd. (NYSE:ABB), Schneider Electric (SU), Eaton Corporation Plc, Danfoss A/S, and Schaffner Holding AG, among others.

Segment Research

This study breaks down the harmonic filter market based on voltage level into low voltage harmonic, medium voltage level, and high voltage level. Established on phase, the harmonic filter market has been divided into 1-phase and 3-phase. On the basis of class, the harmonic filter market has been broken down into active and passive. Established on end-user, the harmonic filter market has been divided into industrial, commercial, and residential. Moreover, the harmonic filter market has been studied for North America continent, Europe (EU), Asia-Pac, and RoW.

Main highlights

• this business report includes market statistics pertaining to type, phase, voltage level, final user, and area, together with their respective revenues.

• It also comprises value chain study to offer an insight into the harmonic filter market.

• The main drivers, market restraints, opportunities, and alternatives for the harmonic filter market have been precised in this industry report.

• Illustrative segmentation, study, and estimate for the harmonic filter market established on category, phase, voltage level, end-user, and area have been conducted to provide an global view of the harmonic filter market.

• A in-depth competitive landscape has been specified, which comprises DIVE review, business strategy, product offerings, and top players and their revenues.

• The available customizations for the report offer further country-wise segmentation of the harmonic filter market, in terms of value importance; further breakdown of the sector could be provided, together with the profiling of additional firms in the market research.

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