DUBLIN, May 9, 2019 /PRNewswire/ -- The "Harmonic Filter Market by Type, by Voltage Level Type, by Phase Type, by End-User Type and by Region Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023" report has been added to ResearchAndMarkets.com's offering.
This report studies the global harmonic filter market over the trend period from 2012 to 2017 and the forecast period from 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Heavy electric machines generate huge non-linear loads which create a lot of harmonics in the electrical power system. Harmonics are periodic, sinusoidal and integer multiples of the fundamental frequency (50Hz or 60Hz), current or voltage components, present in the nonsinusoidal waveform.
Non-linear loads are the root cause for the generation of harmonics. Heavy industrial applications, such as arc furnaces, large variable frequency drives (VFDs), and heavy rectifiers for electrolytic refining, generate a lot of harmonics due to significant non-linear loads.
Harmonic filter is the most suitable component that safeguards electronics and improves power quality factor. Nowadays, apart from industrial, various commercial applications, such as data & IT centers, hospitals, and commercial complexes, are also creating a huge concern of mitigating harmonic distortions.
The global harmonic filter market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 1,059.1 million in 2023. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide, increasing concern for potential damage from power frequency variations, and increasing use of sensitive electronics in industrial automation process are some of the factors burgeoning the growth of harmonic filters worldwide.
The market is segmented based on the filter type as passive harmonic filter and active harmonic filter. Passive harmonic filter is likely to remain the most dominant filter type in the market during the forecast period. Passive filters are best suitable for constant loads, as they eliminate or bypass lower order fixed harmonics of current or voltage by tuning passive filters at the resonance frequency.
The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Key Topics Covered:
1. Executive Summary
2. Harmonic Filter Market - Overview and Market Forces
3. Harmonic Filter Market Analysis - By Filter Type
4. Harmonic Filter Market Analysis - By Voltage Level Type
5. Harmonic Filter Market Analysis - By Phase Type
6. Harmonic Filter Market Analysis - By End-User Type
7. Harmonic Filter Market by Region
8. Competitive Analysis
9. Strategic Growth Opportunities
10. Company Profiles of Key Players
10.1. ABB Ltd.
10.2. AVX Corporation
10.3. Comsys AB
10.4. The Danfoss Group
10.5. Eaton Corporation Plc
10.6. Schaffner Holding AG
10.7. Schneider Electric SE
10.8. Siemens AG
10.9. TCI, LLC
10.10. TDK Corporation
For more information about this report visit https://www.researchandmarkets.com/r/d3mdmj
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