Press release
Harmonic Filter Market : Growth Dynamics| by key vendors Schneider Electric SE, Eaton Corporation Plc, ABB Ltd., Danfoss A/S, AVX Corporation, Baron Power Limited, Crompton Greaves Ltd., TDK Corporation, Schaffner Holding AG, Comsys AB
Global Harmonic Filter Market: Competition Landscape-Few prominent players in Harmonic Filter market include Schneider Electric SE, Eaton Corporation Plc, ABB Ltd., Danfoss A/S, AVX Corporation, Baron Power Limited, Crompton Greaves Ltd., TDK Corporation, Schaffner Holding AG, Comsys AB, Merus Power Dynamics Oy and Larsen & Tourbo Ltd., etc.
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Growing awareness related to potential damage from power frequency variations in electrical and heating devices is expected to be a key factor driving harmonic filters market. Harmonic filters are widely used in capacitor banks used in heating and electrical appliances. Active harmonic filters are designed for power compensation and for avoiding non-linear loads that lead to low-quality transmission. Active harmonic filters are designed for dynamic reactive power compensation and harmonic filtering.
Increasing usage of harmonic filters in industrial and commercial sectors such as variable speed motor drives (VSDs), power converters, light dimmers, fluorescent lamps and have significantly contributed to the growth of harmonic filters market.
Harmonic Filter Market: Market Dynamics
The growth of harmonic filters can be attributed to the increasing demand for active and passive harmonic filters in industrial and commercial sectors.
Rising demand from IT and data centers creates potential growth opportunities for harmonic filters market.
The application of harmonic filters along with adjustable speed drives (ASDs) on two distinct platforms is expected to hamper the growth of harmonic filter market.
Global Harmonic Filter Market: Market Segmentation
Segmentation Overview
Harmonic filter market segmented by type, voltage level, end user and region.
Segmentation by typein Harmonic Filter market:
Active Filters
Passive Filters Tuned Passive Filters De-Tuned Passive Filters
Hybrid Filters
Segmentation by voltage level in Harmonic Filter market:
Low Voltage Level
Medium Voltage Level
High Medium Level
Segmentation by end-user in Harmonic Filter market:
Commercial
Industrial
Residential
Segmentation by end-user in Harmonic Filter market:
Single Phase Harmonic Filter
Three Phase Harmonic Filter
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Harmonic Filter Market: Regional Outlook
APAC is estimated to lead in the Harmonic Filter market as there is a high presence of various manufacturing and processing industries in different countries such as China, India, etc. followed by North America and Europe region. APAC holds the largest market share of Harmonic filter market and is expected to grow at highest CAGR in the forecast period. Latin America and MEA are expected to contribute significantly in the near future
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Market Definition: Global Harmonic Filter Market
A harmonic filter is used to eliminate the harmonic distortion caused by appliances. Harmonics are…
