Low Harmonic Drives Market 4.76% CAGR to 2021 Driven by High Demand for Energy-Efficient Products

The report covers the present scenario and the growth prospects of the global low harmonic drives market for 2017-2021. To calculate the market size, the report considers the new installations, retrofit, replacement and services market.

Low harmonic drives are devices that are used to reduce harmonic distortions in current systems. Harmonic distortions in electric power systems are due to nonlinear electric loads, which is a major reason for frequency power quality problems.

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Global Low Harmonic Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Key vendors
• ABB
• Danfoss
• Eaton
• Rockwell Automation
• Schneider Electric

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Market driver
• High demand for energy-efficient products
• For a full, detailed list, view our report

Market challenge
• High switching costs for end-users
• For a full, detailed list, view our report

Market trend
• Regulations on energy efficiency and growing concern for renewable energy
• For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.