Market Dynamics:

High growth of the end-use industry in the emerging regions is expected to drive the demand of the Global Harmonic Filter Market during the forecast period. Some of the major end-use industries in the global harmonic filter market have been witnessing strong growth in the emerging region such as the Asia Pacific and the Middle East.

Segment Analysis:

A harmonic filter is used to mitigate harmonics created by non-linear loads in electrical equipment. These filters are widely used in a number of industries such as oil & gas, manufacturing, water/wastewater, metal and mining, and paper and pulp.

The global harmonic filter market is segmented on the basis of product, phase, voltage, and end-user.

On the basis of the product, it is segmented into active, passive, and hybrid. Active filters are widely used because of their ability to reduce power consumption levels of electrical systems and subsequently enhance the overall operational efficiency.

By phase, it is segregated into single-phase and three-phases. The three-phase is widely used in industrial and commercial electrical power systems for power factor correction and reducing voltage distortion.

On the basis of voltage, it is bifurcated into low, medium, and high voltage. The low voltage is majorly used as filters are instrumental in delivering optimal performance whilst keeping power consumption low. There has been a rise in the usage of high voltage as modern heavy electrical equipment used in industrial applications such as high-power distribution systems require power quality and voltage stability. Therefore, in such power distribution systems, the electrical network can tolerate a very limited level of voltage distortion. Thus, high voltage product type is used in heavy power transmission and distribution equipment to reduce the resonance problems and harmonic distortion.

Based on end-use, the market has been segregated into industrial, commercial, and residential. The harmonic filters are mostly used in industries to remove harmonics to acceptable levels in electrical power devices.

Key Factors Impacting Market Growth:

• Surging demand for static converters and power inverters for commercial applications such as cloud computing and data centers

• It aids the reduction of overall operating costs by efficient use of power, elimination of risk of power system resonance generated by harmonic currents, reduction of risk of operational downtime from overloading, nuisance tripping, and premature plant failure.

Regional Analysis:

The regional outlook for the global harmonic filter market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for the global harmonic filter market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of the global harmonic filter market in these regions. Some of the major countries covered in this region include the US, Germany, UK, France, Italy, Canada, and so on.

The Asia Pacific is estimated as one of the fastest-growing regions for the global harmonic filter market during the forecast period. Some of the fastest-growing economies and increasing demand for energy & power to cater to high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. The rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: ABB Ltd., Schneider Electric SE, Siemens AG, Emerson Electric Co,Danfoss A/S, Schaffner Holding AG, TDK Corporation, Eaton Corporation Plc,Comsys AB, MTE Corporation, and Baron Power Ltd.

Market Segmentation:

By Type:

• Passive

• Active

• Hybrid

By Technology:

• Single

• Three

By Voltage:

• Low

• Medium

• High

By End User:

• Industrial

• Commercial

• Residential

By Region:

• North America

• By Country (US, Canada, Mexico)

• By Type

• By Technology

• By End User

• Western Europe:

  • By Country (Germany, UK, France, Spain, Rest of Western Europe)

  • By Product Type

  • By Technology

  • By Voltage

  • By End User

• Eastern Europe:

  • By Country (Russia, Turkey, Rest of Eastern Europe)

  • By Product Type

  • By Technology

  • By Voltage

  • By End User

• Asia Pacific

• By Country (China, Japan, India, Rest of Asia Pacific)

• By Product Type

• By Technology

• By Voltage

• By End User

• Middle East:

  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

  • By Product Type

  • By Technology

  • By Voltage

  • By End User

• Rest of the World

• By Region (Latin America, Brazil, Rest of the World)

• By Product Type

• By Technology

• By Voltage

• By End User

Reasons To Buy This Report:

• Market size estimation of the global harmonic filter market on a regional and global basis

• The unique research design for market size estimation and forecast

• Profiling of major companies operating in the market with key developments

• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment

• By Sub-segment

• By Region/Country

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