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Harmonic Filters Market: Lucrative Opportunites across Globe

Harmonic Filters Market: Lucrative Opportunites across Globe

A harmonic filter is used to mitigate the harmonic distortion created by appliances/equipments that are non-linear load. With growing number of power based electronic equipments, it has become necessary to ensure power quality. The severity of power quality in power networks has necessitated the increasing use of harmonic filters that not only reduce current and voltage harmonics, but also regulates terminal voltage and improves voltage balance in three phase systems.

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Rising demand for power quality across different verticals such as industrial, automotives, IT and data center, and oil and gas among others is the major factor driving the market in India. In addition, increasing adoption of variable frequency drives generating harmonics in industrial as well as commercial applications is expected to support the growth of harmonic filters. In spite of these growth factors, lack of awareness, high costs of harmonic filters, and availability of substitutes have collectively inhibited the growth of harmonic filters market in India. However, escalating demand for ensuring optimum power quality in IT and data center applications offer potential opportunity for the growth. In addition, government regulations and penalties imposed by utilities are expected to increase adoption of harmonic filters in India.

In 2012, passive harmonic filters were the largest contributors, accounting for over 3/4th of the total harmonic filters market in India. Although passive harmonic filters are expected to account for majority of market share over the forecast period, active harmonic filters are expected to show maximum growth. The swift growth can be attributed to growing awareness about returns and benefits offered by active filters in terms of harmonic mitigation and voltage stability over passive harmonic filters. Currently, low voltage harmonic filters account for majority of market share. However, medium and high voltage harmonic filters are expected to outpace low harmonic filters as their use in the industrial segment is expected to increase over the forecast period. In terms of end-use, industrial segment was the largest segment in 2012 accounting for over 1/3rd of the total India harmonic filters market. IT and data center segment is expected to exhibit fastest growth over the forecast period. The growth can be attributed to growing need for ensuring power quality, leading to increased use of harmonic filters in high end machine, UPS, routers, servers, and HVAC systems.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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