Harmonic Filter Market

Harmonic Filter Market worth 1.12 Billion USD by 2023

According to the new market research report "Harmonic Filter Market by Type (Active, and Passive), Voltage Level (Low Voltage Harmonic, Medium Voltage Harmonic, and High Voltage Harmonic), Phase, End User, and Region - Global Forecast to 2023", The harmonic filter market is estimated to reach USD 1.12 Billion by 2023, growing at a CAGR of 6.65% between 2017 and 2023.

     Request Sample     Request Sample

Browse 75 market data tables and 46 figures spread through 171 pages and in-depth TOC on "Harmonic Filter Market - Global Forecast to 2023"
Early buyers will receive 10% customization on reports.

There is a high demand for harmonic filters to ensure high power quality by eliminating transients from signals. This can help to save cost and prevent failure in power instruments. Thus, the rising need for high power quality and reliability is the key factor driving the harmonic filter market.

“The market for active type harmonic filters is expected to grow at the highest CAGR during the forecast period”

Active filters not only eliminate harmonics in a power signal but also offer other capabilities, such as the elimination of voltage and current harmonics, improving the power factor of rectifiers, AC and DC drives, and UPS, reactive power compensation, regulation of terminal voltage, and compensation for voltage flickering.

“Based on voltage level, the low voltage harmonic segment is expected to grow at the highest CAGR between 2017 and 2023”

Low voltage harmonic filters find application in various manufacturing and process industries, power plants, and harbor cranes. Therefore, based on voltage level, the low voltage harmonic segment led the harmonic filter market in 2016. Furthermore, this segment is expected to grow at the highest CAGR during the forecast period.

“APAC estimated to account for the largest share of the harmonic filter market in 2023”

The APAC region is estimated to account for the largest share of the harmonic filter market in 2023. This can be attributed to a large number of manufacturing and processing industries in the APAC region, especially in countries, such as China, India, Singapore, and South Korea. Manufacturing and processing industries require harmonic filters to maintain smooth operations of machines in these sectors.

The major players in this market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfoss A/S (Denmark), and Schaffner Holding AG (Switzerland), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: sales@marketsandmarkets.com

Report Code
SE 5322
Published ON
Jun, 2017
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Harmonic Filter Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
© MarketsandMarkets Research Private Ltd. All rights reserved