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Growing Demand for Harmonics Filters from Various Sectors is Expected to Drive the Growth of the Global Harmonic Filter Market
Variant Market Research
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Key segments of the global harmonic filter market are filter type, voltage level type, end-user type and geography. Passive harmonic filters and active harmonic filters are the key sub segments of the filter type segment. In 2016, passive harmonic filters sub segment has highest market share, due to low cost as compared to active filters. Moreover, application segment has been segmented into oil & gas, IT & data centres, industrial, automotive and others.
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North America, Europe, Asia-Pacific and rest of the world are the major geographical sub segment of the global harmonic filter market. In 2016, Asia-Pacific region accounted for the highest market share of 37.8%, and is anticipated to attain the fastest CAGR during the forecast period 2016-2024, owning to, economic developed and growing demand from various industries such as Automotive and IT.
The market players have been adopting several strategies to increase their product portfolio and geographical presence. The key market players in the harmonic filter market are TDK Corp., ABB Ltd., Schneider Electric SE, Schaffner Holding AG, Baron Power Ltd., Comsys AB, Emerson Electric Co., Crompton Greaves Ltd., Eaton Corp. Plc, and MTE Corp., among others.
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