Passive Harmonic Filter Market to Undertake Strapping Growth During 2017 - 2025
For the purpose of providing and in-depth and detailed analysis of the market, the global passive harmonic filter market has been segmented into product type, voltage level and end user. Different types of passive harmonic filter available in the market includes tuned passive harmonic filters and detuned passive harmonic filters. In addition, depending on voltage level at which harmonic filter is to be applied, the market has been classified into low voltage, medium voltage and high voltage. Moreover, data related to the demand of passive harmonic filter across various application in different end user segments including industrial, IT (Information Technology) and data centers, automotive, oil and gas and water treatment industry among others, is also provided in this report. Furthermore, information related to current market situation along with expected demand trend of passive harmonic filter across different regions such as North America, Asia Pacific, Europe, Middle-East and Africa (MEA) and Latin America.
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Increasing adoption of variable frequency drives (VFDs) is one of the most important factor anticipated to promote the uptake of harmonic filters during the forecast period from 2017 to 2025. Rise in automation across different industrial and commercial applications and growing demand for electrical efficiency has increased the demand for Variable Frequency Drives (VFD). The fluctuating voltage levels in variable frequency drives results in the generation of harmonic and this harmonic keeps on multiplying until it is filtered from the electrical system. This in turn is expected to trigger the demand of harmonic filters in the coming years. Increasing demand for passive filters can be attributed to their superior harmonic elimination capabilities and improved stability.
Among the different types of passive harmonic filter available in the market, detuned passive harmonic filter held the largest market share in 2016 and is expected to maintain its dominating position in the coming years. Reduced maintenance cost, stabilization of voltage supply, improvement in overall power quality and savings in electricity bills through reduced kWh losses and elimination of reactive power are some of the most important attributes anticipated to boost the adoption rate of detuned passive harmonic filter across various end user segments.
On the other hand, demand for passive harmonic filter form industrial sector generated the highest revenue in 2016 and is anticipated to witness a stable growth during the forecast period.
Geographically, the global passive harmonic filter market is anticipated to be majorly driven by Asia Pacific region both in terms of growth and market share in the coming eight years. Poor quality power in the region has resulted in increasing losses during distribution and transmission, violating energy efficiency norms set by state and federal regulations. This has put pressure on the utilities in the region to ensure improved power quality, resulting in greater demand for harmonic filters.
Some of the major players operating the global passive harmonic filter market includes ABB Ltd. (Switzerland), Schneider Electric SA (France) and Emerson Power Network (The U.S) among others.
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