The harmonic filter (HF) market has witnessed enormous technological developments in the past few years. Companies in the APAC region have witnessed significant growth and hold a major share of the harmonic filter market ecosystem. The companies mainly adopt strategies of contracts, partnerships, and agreements to grow in the market. Currently, these companies are adopting the strategies of mergers & acquisitions, expansions, and new product launches, among others to grow in the harmonic filter market.

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.

Browse 75 market data tables and 46 figures spread through 171 pages and in-depth TOC on "Harmonic Filter Market”
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=90154541

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.

After arriving at the overall market size, the total market has been split into several segments and subsegments, and confirmed with key industry experts. The following figure depicts the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

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

ABB Ltd. (Switzerland) is leading the harmonic filter market. The company offers an extensive array of harmonic filters. A major advantage that ABB Ltd. has over its competitors in the harmonic filter market is its extensive product portfolio. ABB Ltd. offers three types of harmonic filter models, namely, BP, HP, and C with different variants. The company provides efficient solutions to reduce harmonics by choosing between different types of filter solutions. Furthermore, ABB invested in its low voltage business segment in Germany. ABB combined the STRIEBEL & JOHN product range with its own range in the field of low-voltage products to offer complete systems from a single source in Germany. It has a vast experience in the filtering field and offers various designs of harmonic filters that provide reliable operations in all climatic conditions.

Schneider Electric SE (France) has been ranked second in this market. Schneider Electric SE is dedicated to providing systems and services to the harmonic filter market. It offers around 72 products with network voltage range of 380–480 V. It also offers filters with different variants, such as RMS output current rating, interrupt capacity, reactive power rating, protection type, and enclosure degree of protection. Schneider Electric’s new range of AccuSine+ solutions offer flexible designs for ultra-fast and accurate harmonic cancellation as well as reactive current compensation for power quality management. In addition, AccuSine PCS+ product stabilizes electrical networks by providing harmonic mitigation, power factor correction, and load balancing. This new product helps in strengthening the company’s power sector product portfolio.

Know more @ https://www.marketsandmarkets.com/Market-Reports/harmonic-filter-market-90154541.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]