Global Harmonic Filter Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, 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.
Industry Research Report “Global Harmonic Filter Market” accounted to USD 720.2 million in 2016 growing at a CAGR of 7.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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A harmonic filter is used to eliminate the harmonic distortion caused by appliances. Harmonics are currents and voltages that are continuous multiples of the fundamental frequency of 60 Hz such as 120 Hz (2nd harmonic) and 300 Hz (5th harmonic). The latest trend in this market is the high power quality and reliability, increase in variable frequency devices help in the growth of the market. There is need of harmonic filters for several applications like Industrial (Manufacturing, Metal Processing, Pulp and Paper, Automotive, Oil and Gas, Water Treatment, Packaging, Food Processing) Commercial, Residential will create a huge market for the harmonic filter.
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Worldwide Harmonic Filter Industry Segregation: |
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Players |
Larsen & Toubro Limited (L&T), Arteche, AVX Corporation, Mte Corporation, Comsys Ab, Enspec Power Ltd, Mirus International Inc., LPI-NZ Ltd, Mesta Electronic Inc., Reo AG, Baron Power Ltd, TCI, LLC, Danfoss A/S, Sinexcel Electric Co., Ltd, LPI-NZ Ltd, Clariant Power System Ltd., Inphase Power Technologies Private Limited, Rem Electromach Pvt. Ltd. |
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Types |
Active Harmonic Filter (AHF), Passive Harmonic Filter (PHF), Tuned Passive Harmonic Filter, Detuned Passive Harmonic Filter |
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Applications |
Industrial (Manufacturing, Metal Processing, Pulp and Paper, Automotive, Oil and Gas, Water Treatment, Packaging, Food Processing) Commercial, Residential |
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Regions |
U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil |
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Market Segmentation:
- On the basis of type the harmonic filter market is segmented into Active Harmonic Filter (AHF), Passive Harmonic Filter (PHF), Tuned Passive Harmonic Filter, and Detuned Passive Harmonic Filter. The tuned passive harmonic filters market is expected to grow in the forecasted period.
- On the basis of voltage level the harmonic filter market is segmented into Low-Voltage Harmonic Filters, Medium-Voltage Harmonic Filters, and High-Voltage Harmonic Filters. The medium-voltage harmonic filters market is expected to grow in the forecasted period.
- On the basis of application the harmonic filter market is segmented into Industrial, Commercial, and Residential. The Industrial market is expected to grow in the forecasted period.
- The industrial segments are further classified into Manufacturing, Metal Processing, Pulp and Paper, Automotive, Oil and Gas, Water Treatment, Packaging, Food Processing. The water treatment market is expected to grow in the forecasted period.
Reasons to Purchase this Report
- Current and future of global harmonic filter market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- The report includes the complete segmentation displayed above across all above mentioned countries
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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