Segments' Analysis

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Harmonic Filter Market Share by Filter Type
The market is segmented based on the filter type as passive harmonic filter and active harmonic filter. Passive harmonic filter is likely to remain the most dominant filter type in the market during the forecast period. Passive filters are best suitable for constant loads, as they eliminate or bypass lower order fixed harmonics of current or voltage by tuning passive filters at the resonance frequency. However, active harmonic filter is likely to be the faster-growing filter type segment of the market, owing to its superior harmonic elimination factor as it doesn’t get easily overloaded even if reaches its limit.
Harmonic Filter Market Share by Voltage Level Type
Based on the voltage level type, the harmonic filters market is segmented as low-voltage, medium-voltage, and high-voltage harmonic filter. Low-voltage harmonic filter is projected to remain the largest segment of the market during the forecast period. Whereas, medium-voltage harmonic filter, another considerable segment, is likely to grow at an impressive rate in the market during the same period.
Harmonic Filter Market Share by Type of Phase
Based on the phase type, the harmonic filters market is segmented as single-phase harmonic filter and three-phase harmonic filter. Three-phase harmonic filter is projected to maintain its dominance in the market over the next five years. The segment is also likely to grow at an impressive rate in the market during the same period, owing to its diversified usage in high-end industrial applications, such as manufacturing and metal processing, as well as in commercial applications, such as data and IT center, malls, and airports.
Harmonic Filter Market Share by End-User Type
Based on the end-user type, the market is classified as manufacturing, metal processing, paper & pulp, data & IT center, oil & gas, and others. The manufacturing segment is likely to remain the most dominant end-user type in the market during the forecast period. The manufacturing segment majorly includes cement, pharmaceutical, power plants, steel, foundries, and chemical industries. The industrial sector is the major generator of variable speed drives (VSDs) in which manufacturing is a big contributor. VSDs inject harmonics and create a power-quality problem in industrial power-supply distribution.
Regional Insights
In terms of regions, North America is projected to remain the largest harmonic filter market during the forecast period. The USA is the growth engine of the North American market, driven by the presence of major players of harmonic filters as well as end-use industries. Asia-Pacific is likely to be the fastest-growing harmonic filter market during the forecast period, driven by China, India, and Japan.
Market Scope & Segmentation
A harmonic filter is a device that mitigates harmonics to tolerable levels. Heavy electric machines generate huge non-linear loads which create a lot of harmonics in the electrical power system. Harmonics are periodic, sinusoidal and integer multiples of the fundamental frequency (50Hz or 60Hz), current or voltage components, present in the nonsinusoidal waveform. Non-linear loads are the root cause for the generation of harmonics. Heavy industrial applications, such as arc furnaces, large variable frequency drives (VFDs), and heavy rectifiers for electrolytic refining, generate a lot of harmonics due to significant non-linear loads.
Harmonic filter is the most suitable component that safeguards electronics and improves power quality factor. Nowadays, apart from industrial, various commercial applications, such as data & IT centers, hospitals, and commercial complexes, are also creating a huge concern of mitigating harmonic distortions.
Research Scope
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Trend & Forecast Period
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2012-2023
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Size in 2023
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US$ 1,059.1 million
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Forecast
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6.4% CAGR during 2018-2023
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Regions Covered
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North America, Europe, Asia-Pacific, Rest of the World
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Countries Covered
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The USA, Canada, Mexico, France, The UK, Germany, Russia, China, Japan, India, Latin America, The Middle East and Others
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Figures & Tables
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>150
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Customization
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Up to 10% customization available free of cost
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The Harmonic Filter Market is segmented in the following ways:
Harmonic Filter Market Size, Share & Forecast by Filter Type:
- Active Harmonic Filter
- Passive Harmonic Filter
Harmonic Filter Market Size, Share & Forecast by Voltage Level Type:
- Low-Voltage Harmonic Filter
- Medium-Voltage Harmonic Filter
- High-Voltage Harmonic Filter
Harmonic Filter Market Size, Share & Forecast by Phase Type:
- Single-Phase Harmonic Filter
- Three-Phase Harmonic Filter
Harmonic Filter Market Size, Share & Forecast by End-User Type:
- Manufacturing
- Metal Processing
- Paper & Pulp
- Data & IT Center
- Oil & Gas
- Others
Harmonic Filter Market Size, Share & Forecast by Region:
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: France, Germany, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Latin America, the Middle East, and Others)
Key Players
The supply chain of this market comprises raw material suppliers, component manufacturers, harmonic filter manufacturers, distributors, and end users.
Some of the key companies supplying harmonic filters are
- ABB Ltd., Schneider Electric SA,
- Eaton Corporation Plc,
- Danfoss Group,
- Schaffner Holding AG,
- Siemens AG,
- TDK Corporation,
- AVX Corporation, Comsys AB,
- TCI, LLC.
Advancement in harmonic filters and regional expansion are some of the key strategies adopted by the major players in order to quickly gain market share.
Research Methodology
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the component types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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