Global Harmonic Filter Market Analysis By Recent Trends, Developments In Top Manufacturing Technology And Regional Growth Overview And Forecast To 2026
Definition:
Harmonic filters are used to reduce the harmonic mutilation caused by the appliances. There main aim is to prevent excess heating and efficiency losses in transformers, motors and cables; random circuit breaking or tripping; and interference with and damage to capacitor banks. Active, passive and hybrid are some of the common type of the harmonic filters. They are widely used in industrial, commercial and residential purposes. Increasing demand for variable frequency drive is the factor fuelling the growth of this market.
Analysis of Global Harmonic Filter Market report:
Global harmonic filter market is expected to rise to an estimated value of USD 1.65 billion by 2026, registering a CAGR of 6.75% in the forecast period of 2019-2026. Increasing prevalence for variable frequency drive and rising demand from commercial applications are the major factor for the growth of this market.
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Market Drivers:
· Increasing demand for high power quality and reliability is driving the market growth
· Rising awareness about the harmful effects of harmonic disturbances is driving market
· Strict government regulation related to the energy consumption is another factor driving the growth of this market
· Growing prevalence of variable frequency drive is driving this market
Market Restraints:
· High cost of the harmonic filters is restraining the growth of this market
· Availability of substitutes in the market is restraining the market growth
Leading Key players profiled in this report are:
Few of the major competitors currently working in the global harmonic filter market are ABB, Schneider Electric, Eaton, SCHAFFNER HOLDING AG, Siemens, TDK Corporation., LARSEN & TOUBRO LIMITED, ARTECHE., AVX Corporation, MTE Corporation, Comsys AB, Mirus International Inc, LPINZ, Mesta Electronics, Inc., REO, Baron, TCI, LLC, Danfoss
Global Harmonic Filter Market Segmentation:
By Type
· Active Harmonic Filter
· Passive Harmonic Filter
o Tuned Passive Harmonic Filter
o Detuned Passive Harmonic Filter
· Hybrid Harmonic Filter
By Voltage Level
· Low-Voltage Harmonic Filters
· Medium-Voltage Harmonic Filters
· High-Voltage Harmonic Filters
End- User
· Industrial
o Manufacturing
o Metal Processing
o Pulp and Paper
o Automotive
o Oil and Gas
o Others
§ Water Treatment
§ Packaging
§ Food Processing
o Commercial
o Residential
By Phase
· Single- Phase Harmonic Filter
· Three- Phase Harmonic Filter
By Geography
· North America
· South America
· Europe
· Asia-Pacific
Competitive Analysis:
Global harmonic filter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of harmonic filter market for global, Europe, North America, Asia-Pacific and South America.
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The Global Harmonic Filter Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Harmonic Filter Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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