Brainy Insights estimates that the USD 750 million in 2023 global harmonic filter market will reach USD 1343.13 million in 2033. A harmonic filter is a piece of electrical equipment designed to reduce or completely eradicate harmonic distortions in electrical systems caused by non-linear loads, such as electronic devices and variable speed drives. Non-linear loads on the utility power supply result in harmonics, which are undesirable frequencies that are whole number multiples of the fundamental frequency (either 50 Hz or 60 Hz). These harmonics reduce efficiency, shorten equipment life, and disrupt operation in specific settings by causing voltage distortion, overheating of electrical equipment, or malfunctioning of sensitive instruments. Passive and active harmonic filters are the two primary varieties. In order to either clamp or shunt harmonic currents, passive harmonic filters use resistors, capacitors, and inductors. Conversely, active harmonic filters generate currents that will eliminate the harmonic distortions using power electronics. Although they are more costly, these are even more adaptable and can handle a lot more harmonics. The amount of harmonic distortion, the current or maximum load, and the projected level of performance all influence the type of filter that should be used. Due to their non-linear demands, industrial power systems, data centres, and commercial facilities require harmonic filters. Therefore, in order to remove or lessen the impacts of current harmonics, harmonic filters are an essential part of every electrical system.

Request Sample Report @ https://www.thebrainyinsights.com/enquiry/sample-request/14634

Key Insight of the Global Harmonic filter Market

Asia Pacific will dominate the market during the forecast period.

Due to its rapid industrialisation, extensive manufacturing sector, and growing concern for power quality in businesses and industries, Asia Pacific currently commands the greatest share of the harmonic filter market. Due to their expanded industrial and urban infrastructures, major economies like China, India, Japan, and South Korea are among the top nations that are dominating this area. This region's rapid industrialisation has resulted in a demanding utility power quality condition that calls for solutions to issues including energy losses, equipment damage, and operational outages caused by harmonic distortions. The need for harmonic filters increases in the area as a result of enterprises having to comply with highly regulated industry standards such as the IEEE. Demand for harmonic filters is also being driven by Asia Pacific's desire towards greater energy efficiency since these solutions allow for significant power losses and boost system availability.

In 2023, the passive harmonic filters segment dominated the market with the largest market share of 44% and revenue of USD 330 million.

The type of filter segment is divided into passive harmonic filters, active harmonic filters, and hybrid harmonic filters. In 2023, the passive harmonic filters segment dominated the market with the largest market share of 44% and revenue of USD 330 million.

In 2023, the industrial segment dominated the market with the largest market share of 48% and revenue of 360 million.

The end user industry segment is divided into industrial, commercial, and residential. In 2023, the industrial segment dominated the market with the largest market share of 48% and revenue of USD 360 million.

In 2023, the low voltage segment dominated the market with the largest market share of 46% and revenue of USD 345 million.

The voltage level segment is divided into low voltage, medium voltage, and high voltage. In 2023, the low voltage segment dominated the market with the largest market share of 46% and revenue of USD 345 million.

In 2023, the capacitors segment dominated the market with the largest market share of 68% and revenue of USD 510 million.

The component segment is divided into capacitors, inductors, and resistors. In 2023, the capacitors segment dominated the market with the largest market share of 68% and revenue of USD 510 million.

Advancement in market

ABB has expanded its PQF (Power Quality Filter) family of microprocessor-controlled active filters with the introduction of the PQFS compact wall-mounting device, which is intended to alleviate harmonic and neutral current issues in commercial buildings and small industrial applications. The PQFS is versatile enough to work with either three-phase, three-wire or three-phase, four-wire systems. It is most suited for minor and medium loads in which the equipment is linked between line and neutral, line and line, or a combination of these sorts.

Market Dynamics

Driver: The growing industrial automation.

Increasing automation is linked to electrical equipment integration, which raises demand for harmonic filters. Because of their non-linear power consumption, these devices produce harmonic currents, which lowers the power quality. Among its impacts are heating and equipment failure in a variety of industries, including mining, manufacturing, automotive, and petroleum enterprises. Harmonic filters control these distortions to ensure the reliability of the industrial machinery. Furthermore, the industry has grown as a result of technical improvements. In recent years, active filters—and hybrid filters in particular—have improved, making these solutions more effective, adaptable, and affordable. The market demand for harmonic filters has increased as a result of technological advancements that have improved their effectiveness and use.

Restraints: high upfront expenses.

Compared to passive filters, which are considerably more rigid in design, active harmonic filters are significantly more expensive due to their extensive power electronics and control systems. Potential customers may be turned off by the expense of incorporation and installation. As a result, companies frequently postpone or refrain from implementing high-quality harmonic filters. Active and hybrid filter deployment, as well as any other sophisticated harmonic filtering technology, is costly and time-consuming due to its complexity. These filters must be integrated into electrical systems that are already in place, and these can vary greatly depending on the application and industry. Businesses may have issues with ongoing maintenance of complicated systems. These characteristics deter its uptake and increase the overall cost of ownership.

Opportunities: Strict regulatory requirements.

Globally, governments and regulatory bodies have turned their attention to electricity quality. As a result, industries must adhere to increasingly stringent guidelines regarding harmonic distortion. These restrictions are aimed to make sure that electricity systems function well. Penalties, subpar operations, or in certain situations, fines, may result from breaking these criteria. As businesses and sectors try to align with these norms, the level of worry has been progressively rising. In order to reduce harmonics and constraints in power networks, harmonic filters are thus becoming essential devices. The power distribution network is under increasing strain due to urbanisation, industrialisation, and commercial construction projects, particularly in emerging economies. A reliable electrical supply system that can meet the rising load demands and quality standards is required for the new commercial buildings, data centres, industrial complexes, and transportation systems. Harmonic filters are essential among the new structures to safeguard electrical infrastructure against power quality issues, ensure the smooth operation of complex structures, safeguard equipment, and attain optimum energy efficiency in large-scale projects. The number of harmonic filters will increase as more electrically dependent infrastructure projects are created.

Challenges: Poor knowledge and awareness

Poor knowledge and awareness concerning the effects of poor power quality on the efficacy of equipment used in electrical connections and networks are among the reasons that slow the uptake of harmonic filters. A surprising number of modern companies, especially those from emerging economies or industries that are not very close to electrical engineering, may not be fully aware of the extent to which they may be affected by harmonic distortion. Other technical problems resulting from harmonics like equipment heating, reduced profitability and system failure are well known to professionals but the ordinary businessman or manager may not notice these problems until they create major havoc. Therefore, there are tendencies to save on such solutions as harmonic filters. Furthermore, the benefits of such filters in the long run such as increased energy efficiency together with longevity of equipment may not easily be seen. This lack of knowledge makes many organizations unaware of the benefits of harmonic filters and challenges the market’s growth. Another reason why harmonic filters have not been widely applied is the availability of alternative solutions.

Some of the major players operating in the global harmonic filter market are:

Schneider Electric
Siemens AG
ABB Ltd.
General Electric (GE)
Eaton Corporation
Mitsubishi Electric Corporation
Powerstar
Toshiba Corporation
Sungrow Power Supply Co. Ltd.
STMicroelectronics
Vacon
Dantherm
Elpac
Sever
Zinzino
Key Segments covered in the market:

By Type of Filter

Passive Harmonic Filters
Active Harmonic Filters
Hybrid Harmonic Filters
By End User Industry

Industrial
Commercial
Residential
By Voltage Level

Low Voltage
Medium Voltage
High Voltage
By Component

Capacitors
Inductors
Resistors
By Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Rest of APAC)
South America (Brazil and the Rest of South America)
The Middle East and Africa (UAE, South Africa, Rest of MEA)
About the report:

The market is analyzed based on value (USD Million). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.