Global Harmonic Filter Market, By Type (Active Harmonic Filter, Passive Harmonic Filter, Hybrid Harmonic Filter), Voltage Level (Low-Voltage Harmonic Filters, Medium-Voltage Harmonic Filters, High-Voltage Harmonic Filters), End-User (Industrial, Commercial, Residential), Phase (Single- Phase Harmonic Filter, Three- Phase Harmonic Filter), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Harmonic Filter Market
The harmonic filter market will reach at an estimated value of 1.87 billion and grow at a CAGR of 6.70% in the forecast period of 2021 to 2028. Increasing demand for high power quality and reliability is an essential factor driving the harmonic filter market.
Harmonic filters are used to reduce the harmonic mutilation caused by the appliances. There main of harmonic filter aim is to prevent excess heating and efficiency losses in transformers, motors and cables; random circuit breaking or tripping; and interference with and damage to capacitor banks. Active, passive and hybrid are some of the common type of the harmonic filters. They are widely used in industrial, commercial and residential purposes.
Increasing demand for variable frequency is a crucial factor accelerating the market growth, also rise in the awareness about the harmful effects of harmonic disturbance, rise in the strict government regulation related to the energy consumption and rise in the industrialization in developing countries, are the major factors among others boosting the harmonic filter market. Moreover, rise in the demand in commercial applications, rise in the automation across end-user industries and rise in the research and development activities will further create new opportunities for harmonic filter market in the forecast period mentioned above.
However, rise in the availability of substitutes for harmonics filters and high cost of harmonic filters and their cost of installation and maintenance are the major factors among others restraining the market growth, while less awareness about active harmonic filters and fluctuating prices of oil and gas will further challenge the harmonic filter market in the forecast period mentioned above.
This harmonic filter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the harmonic filter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Harmonic Filter Market Scope and Market Size
The harmonic filter market is segmented on the basis of type, voltage level, end-user and phase. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the harmonic filter market is segmented into active harmonic filter, passive harmonic filter and hybrid harmonic filter.
- Based on voltage level, the harmonic filter market is segmented into low-voltage harmonic filters, medium-voltage harmonic filters and high-voltage harmonic filters.
- Based on end-user, the harmonic filter market is segmented into industrial, commercial and residential.
- The harmonic filter market is also segmented on the basis of phase into single- phase harmonic filter and three- phase harmonic filter.
Harmonic Filter Market Scope Country Level Analysis
The harmonic filter market is analysed and market size, volume information is provided by country, type, voltage level, end-user and phase as referenced above.
The countries covered in the harmonic filter market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the harmonic filter market due to rise in the adoption of harmonic filters in the manufacturing and energy & power sectors, especially in developing countries such as China and India in this region. Europe is the expected region in terms of growth in harmonic filter market due to increase in the investments in renewable energy projects by governments of several countries such as the U.K., Germany, and France in this region.
The country section of the harmonic filter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Harmonic Filter Market Share Analysis
The harmonic filter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to harmonic filter market.
The major players covered in harmonic filter market report are ABB, Schneider Electric, Eaton, SCHAFFNER HOLDING AG, Siemens, TDK Corporation., LARSEN & TOUBRO LIMITED, ARTECHE., AVX Corporation, MTE Corporation, Comsys AB, Mirus International Inc, LPINZ, Mesta Electronics, Inc., REO, Baron, TCI, LLC and Danfoss among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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