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    Harmonic Filter Market Report

    Harmonic Filter Market Report
    Report code - SRCE111 Published On : Oct,2018 No. of Pages: 234
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    Harmonic Filter Market Size, Share, Trend, Forecast & Competitive Analysis (2018- See more...

    Impact of COVID-19 on Harmonic Filter Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Harmonic Filter Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Harmonic filter market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 1,059.1 million in 2023. 

    Harmonic-Filter-Market-Forecast

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    Market Drivers

    The key factors propelling the growth of harmonic filters are listed below.

    • Increasing use of power electronics that basically operates through electronic switching,
    • Increasing levels of harmonic distortions of voltage and current waveforms in power systems
    • Increasing usage of variable frequency drives (VFDs)
    • Rising demand from the data centers and IT industries
    • Increasing number of metal arc furnaces worldwide
    • Increasing concern for potential damage from power frequency variations
    • Increasing use of sensitive electronics in industrial automation process

    Segments' Analysis