2023 the global harmonic filter market is poised to witness steady growth, growing at a CAGR of 6.9% during the forecast period 2016 – 2023.
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Market Insights
Harmonics or distortions are ideally produced in an electrically powered system/equipment owing to the presence of non-linear loads like variable frequency drives in the system. The transmission of distortions in electrically powered machinery/equipment is the major cause behind power quality issues. Large magnitude of harmonics can result in malfunctioning of the system, which leads to downtime and increased operating costs. Thus, suppressing or mitigating such distortions is extremely crucial to achieve power reliability and quality. A harmonic filter is electrically powered equipment that is used to limit the effect of distortions in an electrical system.
Competitive Insights:
The global market for harmonic filters is moderately concentrated with top 4 players acquiring the major chunk of the revenue share. Some of the leading players identified in the research study include Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Schaffner Holding AG (Germany), MTE Corporation (the United States), Emerson Network Power (the United States), Eaton Corporation Plc (Ireland), Epcos AG (Germany), Comsys AB (Sweden), Danfoss A/S (Denmark), and Baron Power Ltd. (India) among others. The global harmonic filters market has been plagued by lack of product differentiation. This has resulted in profit crunching. Thus, application specific product diversification and focus on product enhancement are some of the key strategies adopted by harmonic filter manufacturers across the globe.
Harmonics or distortions are ideally produced in an electrically powered system/equipment owing to the presence of non-linear loads like variable frequency drives in the system. The transmission of distortions in electrically powered machinery/equipment is the major cause behind power quality issues. Large magnitude of harmonics can result in malfunctioning of the system, which leads to downtime and increased operating costs. Thus, suppressing or mitigating such distortions is extremely crucial to achieve power reliability and quality. A harmonic filter is electrically powered equipment that is used to limit the effect of distortions in an electrical system.
Competitive Insights:
The global market for harmonic filters is moderately concentrated with top 4 players acquiring the major chunk of the revenue share. Some of the leading players identified in the research study include Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Schaffner Holding AG (Germany), MTE Corporation (the United States), Emerson Network Power (the United States), Eaton Corporation Plc (Ireland), Epcos AG (Germany), Comsys AB (Sweden), Danfoss A/S (Denmark), and Baron Power Ltd. (India) among others. The global harmonic filters market has been plagued by lack of product differentiation. This has resulted in profit crunching. Thus, application specific product diversification and focus on product enhancement are some of the key strategies adopted by harmonic filter manufacturers across the globe.
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Key Trends:
• Growing need to ensure power reliability and quality
• Mounting adoption of Variable Frequency Drives (VFDs), especially in industrial and commercial applications
• Growing demand from commercial applications
• Stringent government regulations associated with the power reliability and quality promoting the uptake of harmonic filters
• Growing need to ensure power reliability and quality
• Mounting adoption of Variable Frequency Drives (VFDs), especially in industrial and commercial applications
• Growing demand from commercial applications
• Stringent government regulations associated with the power reliability and quality promoting the uptake of harmonic filters
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Harmonic Filter Market
2.2 Global Harmonic Filter Market, By Type, 2015
2.3 Global Harmonic Filter Market, By Voltage Level, 2015
2.4 Global Harmonic Filter Market, By End-use Application, 2015
2.5 Global Harmonic Filter Market, By Geography,2015
2.1 Market Snapshot: Global Harmonic Filter Market
2.2 Global Harmonic Filter Market, By Type, 2015
2.3 Global Harmonic Filter Market, By Voltage Level, 2015
2.4 Global Harmonic Filter Market, By End-use Application, 2015
2.5 Global Harmonic Filter Market, By Geography,2015
Chapter 3 Market Dynamics
3.1 Product Insights and Market Overview
3.1.1 Global Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn and % Y-o-Y)
3.2 Key Market Trends and Future Outlook
3.2.1 Recent Trends
3.2.2 Future Outlook
3.3 Market Drivers
3.4 Market Challenges
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Value Chain Analysis
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
3.7.2 Key Strategies Adopted By Leading Vendors
3.7.3 Analyst Recommendations
3.1 Product Insights and Market Overview
3.1.1 Global Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn and % Y-o-Y)
3.2 Key Market Trends and Future Outlook
3.2.1 Recent Trends
3.2.2 Future Outlook
3.3 Market Drivers
3.4 Market Challenges
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Value Chain Analysis
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
3.7.2 Key Strategies Adopted By Leading Vendors
3.7.3 Analyst Recommendations
Chapter 4 Global Harmonic Filter Market, By Type
4.1 Market Analysis
4.1.1 Global Harmonic Filter Market Revenue Contribution, By Type, 2015 & 2023 (Value %)
4.2 Passive Harmonic Filter
4.2.1 Global Passive Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.3 Active Harmonic Filter
4.3.1 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.4 Hybrid Harmonic Filter
4.4.1 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.1 Market Analysis
4.1.1 Global Harmonic Filter Market Revenue Contribution, By Type, 2015 & 2023 (Value %)
4.2 Passive Harmonic Filter
4.2.1 Global Passive Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.3 Active Harmonic Filter
4.3.1 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
4.4 Hybrid Harmonic Filter
4.4.1 Global Active Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
Chapter 5 Global Harmonic Filter Market, By Voltage Level
5.1 Market Analysis
5.1.1 Global Harmonic Filter Market Revenue Contribution, By Voltage Level, 2015 & 2023 (Value %)
5.2 Low Voltage Harmonic Filter
5.2.1 Global Low Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.3 Medium Voltage Harmonic Filter
5.3.1 Global Medium Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.4 High Voltage Harmonic Filter
5.4.1 Global High Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.1 Market Analysis
5.1.1 Global Harmonic Filter Market Revenue Contribution, By Voltage Level, 2015 & 2023 (Value %)
5.2 Low Voltage Harmonic Filter
5.2.1 Global Low Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.3 Medium Voltage Harmonic Filter
5.3.1 Global Medium Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
5.4 High Voltage Harmonic Filter
5.4.1 Global High Voltage Harmonic Filter Market Revenue and Growth, 2014 - 2023, (US$ Mn)
Chapter 6 Global Harmonic Filter Market, By End-use Application
6.1 Overview
6.1.1 Global Harmonic Filter Market Revenue Contribution, By End-use Application, 2015 & 2023 (Value %)
6.2 Industrial
6.2.1 Global Harmonic Filter Market Revenue and Growth for Industrial Applications, 2014 - 2023, (US$ Mn)
6.3 Commercial
6.3.1 Global Harmonic Filter Market Revenue and Growth for Commercial Applications, 2014 - 2023, (US$ Mn)
6.4 Residential
6.4.1 Global Harmonic Filter Market Revenue and Growth for Residential Applications, 2014 - 2023, (US$ Mn)
6.1 Overview
6.1.1 Global Harmonic Filter Market Revenue Contribution, By End-use Application, 2015 & 2023 (Value %)
6.2 Industrial
6.2.1 Global Harmonic Filter Market Revenue and Growth for Industrial Applications, 2014 - 2023, (US$ Mn)
6.3 Commercial
6.3.1 Global Harmonic Filter Market Revenue and Growth for Commercial Applications, 2014 - 2023, (US$ Mn)
6.4 Residential
6.4.1 Global Harmonic Filter Market Revenue and Growth for Residential Applications, 2014 - 2023, (US$ Mn)
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Chapter 7 North America Harmonic Filter Market Analysis
7.1 Overview
7.1.1 North America Harmonic Filter Market Revenue and Growth, 2015 - 2023, (US$ Mn) (Y-o-Y %)
7.2 North America Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.2.1 SRC Analysis
7.3 North America Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.3.1 SRC Analysis
7.3 North America Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.3.1 SRC Analysis
7.4 North America Harmonic Filter Market Analysis, By Country, 2014 - 2023 (US$ Mn)
7.4.1 SRC Analysis
7.4.2 U.S.
7.4.2.1 U.S. Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.4.2.2 U.S. Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.4.2.3 U.S. Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.4.3 Canada
7.4.3.1 Canada Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.4.3.2 Canada Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.4.3.3 Canada Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.1 Overview
7.1.1 North America Harmonic Filter Market Revenue and Growth, 2015 - 2023, (US$ Mn) (Y-o-Y %)
7.2 North America Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.2.1 SRC Analysis
7.3 North America Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.3.1 SRC Analysis
7.3 North America Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.3.1 SRC Analysis
7.4 North America Harmonic Filter Market Analysis, By Country, 2014 - 2023 (US$ Mn)
7.4.1 SRC Analysis
7.4.2 U.S.
7.4.2.1 U.S. Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.4.2.2 U.S. Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.4.2.3 U.S. Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
7.4.3 Canada
7.4.3.1 Canada Harmonic Filter Market Analysis, By Type, 2014 - 2023 (US$ Mn)
7.4.3.2 Canada Harmonic Filter Market Analysis, By Voltage Level, 2014 - 2023 (US$ Mn)
7.4.3.3 Canada Harmonic Filter Market Analysis, By End-use Application, 2014 - 2023 (US$ Mn)
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