Harmonic Filter Market Manufacturing Market Size, Status and Forecast 2016-2028 | Key Players ABB Ltd., Schneider Electric SE, Siemens AG, Emerson Electric Co,Danfoss A/S, Schaffner Holding AG, TDK Corporation, Eaton Corporation Plc,Comsys AB, MTE Corpora

Global Harmonic Filter Market Projected to Grow due to Increasing Applications in Mining, Automotive, and Other Industries

A harmonic filter is a device that mitigates, reduces, harmonics to tolerable levels. The IEEE Recommended Practice and Requirements for Harmonic Control in Electrical Power Systems as it lowers harmonic distortion to the levels detailed in IEEE 519. Harmonic filters have applications in Oil & Gas, HVAC, Water/Wastewater and Mining industries. Expensive damage to components, downtime, or penalties from utilities providers occur when harmonics are left unaddressed, it can lead to.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ABB Ltd.
2. Schneider Electric SE
3. Siemens AG
4. Emerson Electric Co
5. Danfoss A/S
6. Schaffner Holding AG
7. TDK Corporation
8. Eaton Corporation Plc
9. Comsys AB
10. MTE Corporation
11. Baron Power Ltd.

Key Takeaways of the Harmonic Filter Market Study
1. On the basis of the product, it is segmented into active, passive, and hybrid. Active filters are widely used because of their ability to reduce power consumption levels of electrical systems and subsequently enhance the overall operational efficiency.
2. By phase, it is segregated into single-phase and three-phases. The three-phase is widely used in industrial and commercial electrical power systems for power factor correction and reducing voltage distortion.
3. On the basis of voltage, it is bifurcated into low, medium, and high voltage. The low voltage is majorly used as filters are instrumental in delivering optimal performance whilst keeping power consumption low. There has been a rise in the usage of high voltage as modern heavy electrical equipment used in industrial applications such as high-power distribution systems require power quality and voltage stability. Therefore, in such power distribution systems, the electrical network can tolerate a very limited level of voltage distortion. Thus, high voltage product type is used in heavy power transmission and distribution equipment to reduce the resonance problems and harmonic distortion.
4. Based on end-use, the market has been segregated into industrial, commercial, and residential. The harmonic filters are mostly used in industries to remove harmonics to acceptable levels in electrical power devices.

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Notable Development Trends to Open up New Horizons of Growth for Harmonic Filter Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. 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.
2. 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.

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Major points covered in the report:
1. Macroeconomic factors affecting the Harmonic Filter market and its potential
2. Harmonic Filter Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Harmonic Filter market
4. The cost structure of the products and segments covered in the study
5. In-depth pricing analysis, by key product segments, regions and by major market participants
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Harmonic Filter market, including detailed profiles of the top players in this market

Market Segmentation:

By Type:
• Passive
• Active
• Hybrid

By Technology:
• Single
• Three

By Voltage:
• Low
• Medium
• High

By End User:
• Industrial
• Commercial
• Residential

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Type
o By Technology
o By End User

• Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Product Type
o By Technology
o By Voltage
o By End User

• Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product Type
o By Technology
o By Voltage
o By End User

• Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Product Type
o By Technology
o By Voltage
o By End User

• Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Product Type
o By Technology
o By Voltage
o By End User

• Rest of the World
o By Region (Latin America, Brazil, Rest of the World)
o By Product Type
o By Technology
o By Voltage
o By End User

Reasons To Buy This Report:
• Market size estimation of the global harmonic filter market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

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