Harmonic filters market 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.
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.
Market Drivers and Restraints:
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
High cost of the harmonic filters is restraining the growth of this market
Availability of substitutes in the market is restraining the market growth
The major players covered in the Harmonic Filter Market
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
Major TOC Of The Report
Chapter One: Harmonic Filter Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Harmonic Filter Market Competition, by Players
Chapter Four: Global Harmonic Filter Market Size by Regions
Chapter Five: North America Harmonic Filter Market Revenue by Countries
Chapter Six: Europe Harmonic Filter Market Revenue by Countries
Chapter Seven: Asia-Pacific Harmonic Filter Market Revenue by Countries
Chapter Eight: South America Harmonic Filter Market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Harmonic Filter Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Harmonic Filter Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Harmonic Filter Market
A roadmap of growth opportunities available in the global Harmonic Filter Market with the identification of key factors
The exhaustive analysis of various trends of the global Harmonic Filter Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Harmonic Filter Market?
What will the Harmonic Filter Market Demand and what will be Growth?
What are the latest opportunities for Harmonic Filter Market in the future?
What are the strengths of the key players?
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Data Bridge Market Research
Email: [email protected]