Tuned Passive Harmonic Filters Market 2018-2026 | Key Players : Eaton Corp, ABB, Comsys AB, Schneider Electric, DELTAUS, Siemens, Crompton Greaves, Emerson Electric, Schaffner Holding and MTE Corporation

Increasing dependence on electric power source is expected to propel growth of the tuned passive harmonic filters market.

Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1235

According U.S. Energy Information Administration’s International Energy Outlook 2016, global industrial consumption of electrical energy as a power source is expected to grow from 31.9 quadrillion British Thermal Units (Btu) in 2012 to 40.0 Btu in 2025. Moreover, OECD countries are expected to witness an annual average change of 0.7% and non-OECD countries of 1.6% in the duration of 2012–2040. Furthermore, increasing utilization of renewable energy sources for electricity generation is among the prominent trends gaining traction, in order to reduce environmental impacts, which is expected to fuel demand for tuned passive harmonic filters over the forecast period.

Browse More About the Market Study @ https://www.coherentmarketinsights.com/ongoing-insight/tuned-passive-harmonic-filters-market-1235

Increasing demand for these filters to reduce harmonic distortions for enhancing supply efficiency and avoid system malfunctions is expected to drive growth of the market

According to BP Statistical Review of World Energy 2017, Asia Pacific primary energy consumption in 2016 was over 42% of the global primary energy consumption in terms of million tons of oil equivalent. Moreover, the region is home to countries that include China, India, Japan, South Korea, Taiwan, Australia, and Indonesia that contribute to significant share in the global electricity being produced every year. These countries have some of the major energy intensive industrial activities, and a large population base contributing to high energy consumption. Owing to these factors, Asia Pacific passive tuned harmonic filters market is expected to witness highest growth over the forecast period.

Competitive Background

Some of the key players in the global tuned passive harmonic filters market included Eaton Corp, ABB, Comsys AB, Schneider Electric, DELTAUS, Siemens, Crompton Greaves, Emerson Electric, Schaffner Holding, and MTE Corporation.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.