The harmonic filter market is projected to reach USD 1.12 Billion by 2023, at a CAGR of 6.65% from 2017 to 2023. The base year used for study is 2016, and the forecast period is from 2017 to 2023.

This report provides a detailed analysis of the market based on type, voltage level, phase, end user, and region. Based on voltage type, the low voltage harmonic segment is estimated to account for the largest share of the market by 2023. In addition, this segment is expected to grow at the highest rate between 2017 and 2023.

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The major players in this market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfoss A/S (Denmark), and Schaffner Holding AG (Switzerland), among others.

The APAC region is estimated to account for the largest share of the harmonic filter market in 2023. This can be attributed to a large number of manufacturing and processing industries in the APAC region, especially in countries, such as China, India, Singapore, and South Korea. Manufacturing and processing industries require harmonic filters to maintain smooth operations of machines in these sectors.

To estimate the size of the harmonic filter market, top players in the market and their market shares have been considered in this report. This research study involves extensive use of secondary sources, such as annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. The research methodology is explained below:

Analyzing the overall size of the individual markets through percentage split with the help of primary and secondary research
Analyzing several market segments and subsegments
Analyzing supply and demand sides of the harmonic filter market ecosystem
Analyzing market trends in various regions and countries, supported by the ongoing research and development in these regions
Finalizing overall market sizes by triangulation with supply-side data, which includes product development, supply chain, and estimated sales in the harmonic filter market

Scope of the Report

This research report categorizes the overall harmonic filter market on the basis of type, voltage level, phase, end user, and region.

Harmonic Filter Market, By Type

Active
Passive

Harmonic Filter Market, By Voltage Level

Low Voltage Harmonic
Medium Voltage Harmonic
High Voltage Harmonic

Harmonic Filter Market, By Phase

1-Phase
3-Phase

Harmonic Filter Market, By End-User

Industrial
Commercial
Residential

Harmonic Filter Market, By Region

North America
US
Canada
Europe
UK
Germany
France
Rest of Europe
APAC
China
Japan
India
Rest of APAC
RoW
Middle East
Africa
Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

Further breakdown of region-/country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (up to 5)

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