Harmonic filter is used to eliminate the harmonic distortion occurred by appliances. Harmonic filter comprises of capacitors, inductors, and resistors that deflect harmonic currents to the ground. The need of harmonic filters has enabled manufacturers to reduce production downtime and operating costs. Rising need for high power quality and reliability, and increasing adoption of variable frequency drives (VFD) are some key aspects that will drive the harmonic filter market. Increasing demand in commercial applications, and increasing automation across end-user industries are some important factors that will provide opportunities for the Harmonic Filter market.
MARKET DYNAMICS
Rise in application in industrial and commercial sectors and stringent regulatory standards regarding energy consumption drive the harmonic filter market. However, lack of consumer awareness regarding harmonic suppression and high cost of harmonic filters restrains the market growth. Although imminent enforcement of stringent government regulations opens new opportunities for the players operating in the market.
MARKET SCOPE
The "Global Harmonic Filter market Analysis to 2028" is a specialized and in-depth study of harmonic filter with a special focus on the global market trend analysis. The report aims to provide an overview of harmonic filter with detailed market segmentation by type, voltage level, phase, and end user. The global harmonic filter market is expected to witness high growth during the forecast period. The report provides key statistics on the harmonic filter market and offers key trends and opportunities in filter market.
MARKET SEGMENTATION
The harmonic filter market is segmented on the basis of component, and vertical. On the basis of type, market is segmented as active, and passive. On the basis of voltage level market is segmented as low voltage harmonic, medium voltage harmonic, and high voltage harmonic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Harmonic Filter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global Harmonic Filter market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting Harmonic Filter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the Harmonic Filter market in these regions.
MARKET PLAYERS
The reports cover key developments in the Harmonic Filter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Harmonic Filter market are anticipated to lucrative growth opportunities in the future with the rising demand for Harmonic Filter in the global market. Below mentioned is the list of few companies engaged in the Harmonic Filter market.
The report also includes the profiles of Harmonic Filter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- Arteche
- AVX Corporation
- CG Power and Industrial Solutions Limited (CG)
- Eaton Corporation PLC
- Larsen & Toubro Limited (L&T)
- Schaffner Holding AG
- Schneider Electric Se
- Siemens AG
- TDK Corporation
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.