Escalating demand from IT and data centers are set to offer potential growth opportunities to the global harmonic filters market. Thus, growth in the IT industry spending is expected to support the growth of high end machines and equipments with non-linear loads, giving rise to harmonics. Rising demand for ensuring optimum power quality is expected to fuel the growth of harmonic filters in IT and data center industry. Further, government regulations and penalties imposed by utilities are set to offer lucrative opportunities for the growth of harmonic filters in the near future. For example, in India (Tamil Nadu), government has set the total voltage harmonic distortion limit at 5% and total current harmonic distortion limit at 8%. If a consumer exceeds these harmonic levels, then that person is entitled to pay 15% of his respective tariff as compensation. Owing to the impact of these regulations and penalties, facilities that produce harmonics are installing harmonic filters.
The competitive profiling of the key players in the global harmonic filter market broadly across five geographic regions has been incorporated in the study. This profiling includes the recent developments in the field of harmonic filter and the various business strategies adopted by the major player. Market attractive analysis on the basis of end-use of harmonic filters has been included in the report, for providing a deep insight of global market.
An in-depth study of the market dynamics which is inclusive of market drivers, market restraints and market opportunities is included under the scope of this report. Market dynamics are the distinguishing factors which exert an impact on the growth of the global market, thereby helping to analyze the ongoing trends of the market. Thus, this report provides the forecast of the global harmonic filter market for the period from 2016 to 2024, along with offering an exhaustive study of the global market.
Some of the major players in the harmonic filter market are: ABB Ltd. (Switzerland), Baron Power Limited (India), Comsys AB (Sweden), Danfoss A/S (Denmark), Schneider Electric (France), Eaton Corporation Plc. (Ireland), Siemens AG (Germany), Crompton Greaves Limited (India), Emerson
Electric Co. (U.S.), TDK Corporation (Japan), Schaffner Holding AG (Switzerland), MTE Corporation (U.S.).
The global harmonic filter market has been segmented into:
Global Harmonic Filter Market, by Type
Active Harmonic Filters
Passive Harmonic Filters
Tuned Passive Harmonic Filters
De-Tuned Passive Harmonic Filters
Global Harmonic Filter Market, by Voltage Level
Low Voltage Harmonic Filters
Medium Voltage Harmonic Filters
High Voltage Harmonic Filters
Global Harmonic Filter Market, by End-Use
IT And Data Centers
Oil & Gas
Global Harmonic Filter Market, by Geography: The market is broadly segmented on the basis of geography into:
Rest of North America
Rest of Europe
Rest of APAC
Middle East & Africa (MEA)
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