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Harmonic Filter Market By Type (Passive Harmonic Filter, Active Harmonic Filter, Hybrid Harmonic Filter), By Voltage Level (Low Voltage Harmonic Filter, Medium Voltage Harmonic Filter, High Voltage Harmonic Filter), By End-Use Application (Industrial, Commercial, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Overview:

Increasing need to ensure power quality is identified as the major factor driving the harmonic filter market worldwide. The use of harmonic filters has enabled manufacturers to reduce production down-time and operating costs. In addition, increasing use of variable frequency drives in industrial applications has been instrumental in driving harmonic filter installations across different industry verticals. These factors are expected to contribute towards the anticipated exponential growth during the forecast period 2016 – 2023. However, issues including lack of product differentiation and availability of substitutes pose moderate challenge to the market growth.

Harmonic Filter Market

Report Scope

This report analyzes the global harmonic filter market in terms of type, voltage level, end-use application, and geography. On the basis of type, the global harmonic filter market is segmented in to passive harmonic filter, active harmonic filter, and hybrid active. Also, the global harmonic filter market is further segregated on the basis of voltage level into low voltage, medium voltage, and high voltage filters. Similarly, on the basis of end-use, the market for harmonic filter is classified into industrial, commercial, and residential. The geographical distribution of the global harmonic filter market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Harmonic Filter Market

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Harmonic Filter Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the harmonic filter market.

1.1.1   Target Audience

  • Industry Investors
  • Harmonic Filter Manufacturers
  • Power Electronics Manufacturers
  • End-users

1.1.2   USP and Key Offerings

The report titled “Global Harmonic Filter Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global harmonic filter market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on type, voltage level, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive sub-markets within the harmonic filter market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Historic Quantitative Data (2013 and 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global harmonic filter market, offering market size and estimates for the period from 2015 to 2023, keeping in mind the above mentioned factors.

On the basis of end-use, the global harmonic filter market is categorized into following segments:

  • Industrial
  • Commercial
  • Residential

The following figure represents contribution of different end-use segments to the global harmonic filter market in 2015.

Harmonic Filter Market

In the base year of 2015, the industrial segment covering industrial manufacturing, metal processing, oil and gas, and automotive was the largest revenue contributing end-use segment to the global harmonic filter market. The segment accounted for around two-third of the global market revenue in the same year. The trend is presumed to continue with the segment retaining its dominant position throughout the forecast period. Use of variable frequency drives (VFDs) in several industrial applications increases the rate of harmonics and distortions, leading to power quality issues. This has necessitated harmonic filter installations across different industries. On the other hand, the adoption of harmonic filters is expected to increase across commercial applications during the forecast period 2016 – 2023. The anticipated growth is expected to be driven by escalating demand for reliable and quality power supply in IT and Telecom sector.

Voltage Level Segmentation Analysis

On the basis of voltage level, the global harmonic filter market is categorized into following segments:

  • Low Voltage Harmonic Filters
  • Medium Voltage Harmonic Filters
  • High Voltage Harmonic Filters

The following figure represents contribution of these variants to the global harmonic filter market in 2015.

Harmonic Filter Market

In terms of revenue, low voltage harmonic filters acquired the major chunk of the global harmonic filter market revenue share in the base year of 2015. The segment accounted for over three-fourth of the global market revenue in the same year. The trend shall continue and the segment is poised to retain its dominant position during the forecast period. Although, low voltage harmonic filters are expected to account for the majority of the market revenue share, medium and high voltage harmonic filters are expected to witness greater adoption as compared to low voltage harmonic filters during the forecast period. Their anticipated adoption can be majorly credited to the mounting demand from the industrial segment.

On the basis of geography, the global harmonic filter market is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australasia
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

The following figure represents contribution of different geography segments to the global harmonic filter market in 2015.

Harmonic Filter Market

In the base year of 2015, North America comprising the United States and Canada represented the largest harmonic filter market closely trailed by Asia Pacific and Europe. North America accounted for over 30% of the global market revenue in the same year. The U.S. represents the largest harmonic filter market in North America and determines the overall market trend in the region. Stringent government regulations and guidelines associated with the power reliability and quality has been instrumental in driving harmonic filter installations in the U.S. On the other hand, Asia Pacific is poised to offer robust growth and investment opportunities for manufacturers, emerging as one of the major harmonic filters market by 2023. The anticipated demand is expected to be driven by improving power infrastructure in the region.

Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jun 2016
Category:  Automation & Process Control
Report ID:   57939
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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