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.
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.
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.
