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
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:
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.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Harmonic Filter Market
2.2 Global Harmonic Filter Market, By Type, 2015
2.3 Global Harmonic Filter Market, By Voltage Level, 2015
2.4 Global Harmonic Filter Market, By End-use Application, 2015
2.5 Global Harmonic Filter Market, By Geography,2015
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn and % Y-o-Y)
3.2 Key Market Trends and Future Outlook
3.2.1 Recent Trends
3.2.2 Future Outlook
3.3 Market Drivers
3.4 Market Challenges
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Value Chain Analysis
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
3.7.2 Key Strategies Adopted By Leading Vendors
3.7.3 Analyst Recommendations
Chapter 4 Global Harmonic Filter Market, By Type
4.1 Market Analysis
4.1.1 Global Harmonic Filter Market Revenue Contribution, By Type, 2015 & 2023 (Value %)
4.2 Passive Harmonic Filter
4.2.1 Global Passive Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.3 Active Harmonic Filter
4.3.1 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.4 Hybrid Harmonic Filter
4.4.1 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
Chapter 5 Global Harmonic Filter Market, By Voltage Level
5.1 Market Analysis
5.1.1 Global Harmonic Filter Market Revenue Contribution, By Voltage Level, 2015 & 2023 (Value %)
5.2 Low Voltage Harmonic Filter
5.2.1 Global Low Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.3 Medium Voltage Harmonic Filter
5.3.1 Global Medium Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.4 High Voltage Harmonic Filter
5.4.1 Global High Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
Chapter 6 Global Harmonic Filter Market, By End-use Application
6.1 Overview
6.1.1 Global Harmonic Filter Market Revenue Contribution, By End-use Application, 2015 & 2023 (Value %)
6.2 Industrial
6.2.1 Global Harmonic Filter Market Revenue and Growth for Industrial Applications, 2014 - 2023, (US$ Mn)
6.3 Commercial
6.3.1 Global Harmonic Filter Market Revenue and Growth for Commercial Applications, 2014 - 2023, (US$ Mn)
6.4 Residential
6.4.1 Global Harmonic Filter Market Revenue and Growth for Residential Applications, 2014 - 2023, (US$ Mn)
Chapter 7 North America Harmonic Filter Market Analysis
7.1 Overview
7.1.1 North America Harmonic Filter Market Revenue and Growth, 2015 - 2023, (US$ Mn) (Y-o-Y %)
7.2 North America Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.2.1 SRC Analysis
7.3 North America Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.3.1 SRC Analysis
7.3 North America Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.3.1 SRC Analysis
7.4 North America Harmonic Filter Market Analysis, By Country, 2014 - 2023 (US$ Mn)
7.4.1 SRC Analysis
7.4.2 U.S.
7.4.2.1 U.S. Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.4.2.2 U.S. Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.4.2.3 U.S. Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.4.3 Canada
7.4.3.1 Canada Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.4.3.2 Canada Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.4.3.3 Canada Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
Chapter 8 Europe Harmonic Filter Market Analysis
8.1 Overview
8.1.1 Europe Harmonic Filter Market Revenue and Growth, 2015 - 2023, (US$ Mn) (Y-o-Y %)
8.2 Europe Harmonic Filter Market Analysis, By Type, 2015 - 2023 (US$ Mn)
8.2.1 SRC Analysis
8.3 Europe Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
8.3.1 SRC Analysis
8.4 Europe Harmonic Filter Market Analysis, By End-use Application, 2015 - 2023 (US$ Mn)
8.4.1 SRC Analysis
8.5 Europe Harmonic Filter Market Analysis, By Country, 2015 - 2023 (US$ Mn)
8.5.1 SRC Analysis
8.5.2 U.K.
8.5.2.1 U.K. Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
8.5.2.2 U.K. Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
8.5.2.3 U.K. Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
8.5.3 France
8.5.3.1 France Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
8.5.3.2 France Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
8.5.3.3 France Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
8.5.4 Germany
8.5.4.1 Germany Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
8.5.4.2 Germany Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn) 8.5.4.3 Germany Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
8.5.5 Rest of Europe
8.5.5.1 Rest of Europe Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
8.5.5.2 Rest of Europe Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
8.5.5.3 Rest of Europe Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
Chapter 9 Asia Pacific Harmonic Filter Market Analysis
9.1 Overview
9.1.1 Asia Pacific Harmonic Filter Market Revenue and Growth, 2015 - 2023, (US$ Mn) (Y-o-Y %)
9.2 Asia Pacific Harmonic Filter Market Analysis, By Type, 2015 - 2023 (US$ Mn)
9.2.1 SRC Analysis
9.3 Asia Pacific Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
9.3.1 SRC Analysis
9.4 Asia Pacific Harmonic Filter Market Analysis, By End-use Application, 2015 - 2023 (US$ Mn)
9.4.1 SRC Analysis
9.5 Asia Pacific Harmonic Filter Market Analysis, By Country, 2014 - 2023 (US$ Mn)
9.5.1 SRC Analysis
9.5.2 China
9.5.2.1 China Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
9.5.2.2 China Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
9.5.2.3 China Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
9.5.3 Japan
9.5.3.1 Japan Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
9.5.3.2 Japan Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
9.5.3.3 Japan Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
9.5.4 India
9.5.4.1 India Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
9.5.4.2 India Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
9.5.4.3 India Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
9.5.5 Rest of Asia Pacific
9.5.5.1 Rest of Asia Pacific Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
9.5.5.2 Rest of Asia Pacific Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
9.5.5.3 Rest of Asia Pacific Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
Chapter 10 Rest of World Harmonic Filter Market Analysis
10.1 Overview
10.1.1 Rest of World Harmonic Filter Market Revenue and Growth, 2015 - 2023, (US$ Mn) (Y-o-Y %)
10.2 Rest of World Harmonic Filter Market Analysis, By Type, 2015 - 2023 (US$ Mn)
10.2.1 SRC Analysis
10.3 Rest of World Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
10.3.1 SRC Analysis
10.4 Rest of World Harmonic Filter Market Analysis, By End-use Application, 2015 - 2023 (US$ Mn)
10.4.1 SRC Analysis
10.5 Rest of World Harmonic Filter Market Analysis, By Country, 2014 - 2023 (US$ Mn)
10.5.1 Latin America
10.5.1.1 Latin America Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
10.5.1.2 Latin America Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
10.5.1.3 Latin America Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
10.5.2 Middle East and Africa
10.5.2.1 Middle East and Africa Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
10.5.2.2 Middle East and Africa Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
10.5.2.3 Middle East and Africa Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
Chapter 11 Company Profiles
11.1 ABB Ltd.E
11.1.1 ABB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.2 Baron Power Ltd.
11.2.1 Baron Power Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.3 Comsys AB.
11.3.1 Comsys AB.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.4 Crompton Greaves Ltd
11.4.1 Crompton Greaves Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.5 Emerson Network Power
11.5.1 Emerson Network Power: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.6 Epcos AG
11.6.1 Epcos AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.7 Janitza Electronics GmbH
11.7.1 Janitza Electronics GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.8 MTE Corporation
11.8.1 MTE Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.9 Siemens AG
11.9.1 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.10 Schaffner Holding AG
11.10.1 Schaffner Holding AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.11 Schneider Electric SE
11.11.1 Schneider Electric SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
List of Figures
FIG. 1 Global Harmonic Filter: Market Segmentation
FIG. 2 Global Harmonic Filter Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Harmonic Filter Market, By Type, 2015 (US$ Mn)
FIG. 5 Global Harmonic Filter Market, By Voltage Level, 2015 (US$ Mn)
FIG. 6 Global Harmonic Filter Market, By End-use Application, 2015 (US$ Mn)
FIG. 7 Global Harmonic Filter Market, By Geography, 2015 (US$ Mn)
FIG. 8 Global Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn and % Y-o-Y)
FIG. 9 See-Saw Analysis : Global Harmonic Filter Market
FIG. 10 Value Chain Analysis: Global Harmonic Filter Industry
FIG. 10 Market Positioning of Key Harmonic Filter Manufacturers, 2015
FIG. 11 Global Harmonic Filter Market Revenue Contribution, By Type, 2015 & 2023 (Value %)
FIG. 12 Global Passive Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
FIG. 13 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
FIG. 13 Global Hybrid Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
FIG. 14 Global Harmonic Filter Market Revenue Contribution, By Voltage Level, 2015 & 2023 (Value %)
FIG. 15 Global Low Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
FIG. 16 Global Medium Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
FIG. 17 Global High Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
FIG. 18 Global Harmonic Filter Market Revenue Contribution, By End-use Application, 2015 & 2023 (US$ Mn)
FIG. 19 Global Harmonic Filter Market Revenue and Growth for Industrial Applications, 2014 - 2023, (US$ Mn)
FIG. 20 Global Harmonic Filter Market Revenue and Growth for Commercial Applications, 2014 - 2023, (US$ Mn)
FIG. 21 Global Harmonic Filter Market Revenue and Growth for Residentiall Applications, 2014 - 2023, (US$ Mn)
FIG. 22 North America Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 23 Europe Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 24 Asia Pacific Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn) (Y-o-Y %)
FIG. 25 RoW Harmonic Filter Market Revenue and Growth, 2014– 2023, (US$ Mn) (Y-o-Y %)
List of Tables
TABLE 1 Market Snapshot: Global Harmonic Filter Market
TABLE 2 Evolution of Harmonic Filters
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 6 North America Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 7 North America Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 8 North America Harmonic Filter Market Revenue, By Country, 2014 - 2023 (US$ Mn)
TABLE 9 U.S. Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 10 U.S. Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 11 U.S. Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 12 Canada Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 13 Canada Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 14 Canada Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 15 Europe Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 16 Europe Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 17 Europe Harmonic Filter Market Revenue, By End-use Application, 2015 - 2023 (US$ Mn)
TABLE 18 Europe Harmonic Filter Market Revenue, By Country, 2014 - 2023 (US$ Mn)
TABLE 19 U.K. Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 20 U.K. Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 21 U.K. Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 22 France Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 23 France Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 24 France Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 25 Germany Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 26 Germany Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 27 Germany Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 28 Rest of Europe Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 29 Rest of Europe Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 30 Rest of Europe Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 31 Asia Pacific Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 32 Asia Pacific Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 33 Asia Pacific Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 34 Asia Pacific Harmonic Filter Market Revenue, By Country, 2014 - 2023 (US$ Mn)
TABLE 35 China Harmonic Filter Market Revenue, By Type, 2014- 2023 (US$ Mn)
TABLE 36 China Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 37 China Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 38 Japan Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 39 Japan Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 40 Japan Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 41 India Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 42 India Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 43 India Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 44 Rest of Asia Pacific Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 45 Rest of Asia Pacific Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 46 Rest of Asia Pacifc Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 47 Rest of World Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 48 Rest of World Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 49 Rest of World Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 50 Rest of World Harmonic Filter Market Revenue, By Region, 2014 - 2023 (US$ Mn)
TABLE 51 Latin America Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 52 Latin America Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 53 Latin America Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 54 Middle-East and Africa Harmonic Filter Market Revenue, By Type, 2014 - 2023 (US$ Mn)
TABLE 55 Middle East and Africa Harmonic Filter Market Revenue, By Voltage Level, 2014 - 2023 (US$ Mn)
TABLE 56 Middle-East and Africa Harmonic Filter Market Revenue, By End-use Application, 2014 - 2023 (US$ Mn)
TABLE 57 ABB Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 58 Baron Power Ltd..: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 59 Comsys AB.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 60 Crompton Greaves Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 61 Emerson Network Power.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 62 Epcos AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 62 Janitza Electronics GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 63 MTE Corporation.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 64 Siemens AG.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 65 Schaffner Holding AG.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
TABLE 66 Schneider Electric SE.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
Based on type, the global harmonic filter market is categorized into following segments:
The following figure represents contribution of different product variants to the global harmonic filter market in 2015.
Passive harmonic filters were the largest revenue contributors to the global harmonic filters market in the base year of 2015. The segment accounted for over half of the global market revenue in the same year. The widespread adoption of passive harmonic filters can be primarily credited to their high current filtering capacity. The trend shall prolong and the segment is presumed to retain its dominating position throughout the forecast period 2016 – 2023. However, active harmonic filters are anticipated to witness strong growth, outpacing passive filters during the forecast period. The growing demand for active filters over passive filters is majorly on account of their superior harmonic mitigation capabilities. In addition, active filters filter distortions across a wide range of frequencies and can adjust to any type of load. On the other hand, hybrid harmonic filters offering benefits of both passive and active filters are also expected to witness increased adoption during the forecast period 2016 – 2023.
On the basis of end-use, the global harmonic filter market is categorized into following segments:
The following figure represents contribution of different end-use segments to the global harmonic filter market in 2015.
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:
The following figure represents contribution of these variants to the global harmonic filter market in 2015.
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.
The following figure represents contribution of different geography segments to the global harmonic filter market in 2015.
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.
