Tuned Passive Harmonic Filters Market Global Players: Eaton Corp, ABB, Comsys, Schneider Electric, DELTAUS, Crompton Greaves And Emerson Electric

Passive harmonic mitigation systems or devices are used for power factor correction and have several advantages such as low power losses, better system performances, and better power efficiency, in addition to low cost over active filters. However, owing to these aforementioned factors, passive filters have found extensive applications in almost every electric grid and distribution networks. Increasing dependence on electric power source is expected to propel growth of the tuned passive harmonic filters market.

Download PDF Brochure of Research Report: 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.

Requirement to provide consistent supply and avoid potential damage to the end user and power systems is expected to lead to demand for these power factor correction systems and fuel growth of the tuned passive harmonic filters market. These equipment are featured with large sizes of MVAR ratings, maintenance free service, and are economically viable than synchronous condensers. It also offers many advantages for systems that require high starting power, voltage support, and protection in case of source. These features are expected to lead to high adoption of these systems over the forecast period.

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.

Tuned Passive Harmonic Filters Market: 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.

Request for Customization of Research Report: https://www.coherentmarketinsights.com/insight/request-customization/1235

Tuned Passive Harmonic Filters Market Taxonomy:

Tuned Passive Harmonic Filters Market is segmented on the basis of services and types, application, and region.

On the basis of filter types:

- Single tuned filter
- High Pass filters
- Double tuned filters
- Double tuned high pass filters
- Triple tuned filters
- Continuously tuned filters
- Commercial

On the basis of verticals:

- Industrial
- Energy Intensive (Food, Pulp & Paper, Refining, and Metal)
- Non-energy intensive
- Non-manufacturing (Agriculture, Forestry, Fishing, Mining, Construction)
- Commercial
- Residential
- Government

On the basis of region:

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

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.