Harmonic Filter Market 2020 – Future Growth Analysis and Challenges | ABB, Schneider Electric, Eaton, SCHAFFNER HOLDING AG, Siemens

The research and analysis conducted in Harmonic Filter Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Harmonic Filter industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Harmonic Filter Market report is provided that covers many work areas.

Global 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.

Harmonic filters 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.

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Market Drivers:

  • 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

Market Restraints:

  • High cost of the harmonic filters is restraining the growth of this market
  • Availability of substitutes in the market is restraining the market growth

Segmentation: Global Harmonic Filter Market

By Type

  • Active Harmonic Filter
  • Passive Harmonic Filter
    • Tuned Passive Harmonic Filter
    • Detuned Passive Harmonic Filter
  • Hybrid Harmonic Filter

By Voltage Level

  • Low-Voltage Harmonic Filters
  • Medium-Voltage Harmonic Filters
  • High-Voltage Harmonic Filters

End- User

  • Industrial
    • Manufacturing
    • Metal Processing
    • Pulp and Paper
    • Automotive
    • Oil and Gas
    • Others
      • Water Treatment
      • Packaging
      • Food Processing
    • Commercial
    • Residential

By Phase

  • Single- Phase Harmonic Filter
  • Three- Phase Harmonic Filter

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In September 2018, Danfoss India announced the launch of their Enclosed Low Harmonic drive with passive filters which are a IEEE 519-2014 grid compliant. This is specially designed to break the power industry with its feature to mollify harmonic worries and achieve a Total Harmonic Distortion which will help them to reduce the power consumption and reduce the energy process. The main aim of the launch is to provide best drive solutions to the customers.
  • In July 2015, InPhase Power announced the launch of their e Active Harmonic Filter recommendation tool which will help the users to decide the rating of Active Harmonic Filter that is required to compensate the harmonics that is generated.

Competitive Analysis: Global Harmonic Filter Market

Global harmonic filter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of harmonic filter market for global, Europe, North America, Asia-Pacific and South America.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request FREE TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-harmonic-filter-market&Somesh

Major Market Competitors/Players: Global 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

Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the all inclusive Harmonic Filter report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. It is a professional and a detailed report focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. Global Harmonic Filter market report contains comprehensive and thorough insights which are based on business intelligence.

Major Highlights of Harmonic Filter market in Covid-19 pandemic covered in report:

The report provides impact of COVID-19 on Harmonic Filter market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Harmonic Filter market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Harmonic Filter market.

Reasons to Purchase this Report:

  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value USD Million and volume Units Million data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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