Active harmonic filters (AHF) require relatively higher initial capital, and therefore are the last options for power quality correction solutions. This factor is expected to adversely affect growth of the market.

According U.S. Energy Information Administration’s International Energy Outlook 2016, global industrial consumption of electrical energy as a power source is expected to grow from 31.9 quadrillion British Thermal Units (Btu) in 2012 to 40.0 Btu in 2025. Moreover, OECD countries are expected to witness an annual average change of 0.7% and non-OECD countries of 1.6% in the duration of 2012–2040. Furthermore, increasing utilization of renewable energy sources for electricity generation is among the prominent trends gaining traction, in order to reduce environmental impacts, which is expected to fuel demand for tuned passive harmonic filters over the forecast period.

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Global tuned passive harmonic filters market continue to grow at a tremendous pace due to the new growth areas in Asia and new Middle Eastern markets. The new growth areas are constantly growing at a steady rate with the Asia and Middle East markets being the largest. With the continuing trends in the global markets one of the key factors that continue to impact the markets are the increasing demands for energy intensive processes that require cooling. The demand for the non-energy intensive process products like oil refining is increasing because of the rising demand in Asia and the Middle East.