• Blog
  • Harmonic Filter Market | Size, Share, Trend, and Forecast (2018-2023)

    Harmonic Filter Market | Size, Share, Trend, and Forecast (2018-2023)

    Harmonic Filter Market | Size, Share, Trend, and Forecast (2018-2023)
    Report code - SRCE111 Published On : Oct,2018 No. of Pages: 234

    Harmonic Filter Market - Size, Share, Trend, and Forecast&nb See more...

    Purchase Report
    notch

    Harmonic Filter Market Insights

    The global 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. 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, and increasing use of sensitive electronics in industrial automation process are some of the factors burgeoning the growth of harmonic filters worldwide.

    Harmonic Filter Market Forecast

    Wish to Get a Free Sample? Click Here

     

    Harmonic Filter Market Share Analysis

    Harmonic Filter Market Forecast

    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.

    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, and 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.

    Market Scope & Segmentation

    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

    Trend & Forecast Period

    2012-2023

    Size in 2023

    US$ 1,059.1 million

    Forecast

    6.4% CAGR during 2018-2023

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries Covered

    The USA, Canada, Mexico, France, The UK, Germany, Russia, China, Japan, India, Latin America, The Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The 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)

    Report Features

    This report, from Stratview Research, studies the global harmonic filter market over the trend period from 2012 to 2017 and the forecast period from 2018 to 2023.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    Frequently Asked Questions (FAQs)

    What is a harmonic filter?

    A harmonic filter is a device that mitigates harmonics to tolerable levels. Harmonic filter is the most suitable component that safeguards electronics and improves power quality factor.

    What will be the size of the Harmonic Filter Market in the foreseeable years?

    Driven by a number of factors like increasing usage of variable frequency drives (VFDs), the Harmonic Filter Market is projected to reach an estimated value of US$ 1,059.1 million in 2023.

    Which country/region is expected to be the largest Harmonic Filter Market?

    In terms of regions, North America is projected to remain the largest harmonic filter market during the forecast period.

    Who are the key players in the Harmonic Filter Market?

    ABB Ltd., Schneider Electric SA, Eaton Corporation Plc, Danfoss Group, Schaffner Holding AG, Siemens AG, TDK Corporation, AVX Corporation, Comsys AB, and TCI, LLC. are among the key players in the Harmonic Filter Market.

    •