Global Harmonic Filter Market size is projected to be valued $1.2 Billion by 2024; with a CAGR of 6.4% from 2017 to 2025. Harmonic filters are the equipment used to suppress the effect of harmonics in an electrical system. Harmonic filter are used in various application areas such as automotive, industrial, data centre & IT, oil & gas, and water treatment. These filters help in controlling continuous harmonic alteration in electronic appliances. Increased global demand for efficient functioning of industrial facilities coupled with rise in demand for stable appliances show increased harmonic filter market trends.
Increased adoption of variable frequency drives and growth of power sector and rise in demand for power quality in various industries such as, IT, railways, aircraft, medical, and automobile are the major factors supplementing the growth of the market. However, high cost of harmonic filter may restrain the market growth in the coming years. Escalating demand from IT and data centers, would generate new growth opportunities for the market in the coming years.
Type, voltage level, end-user, and geography are the various categorizations of the market. By type, the market is segmented into active harmonic filters and passive harmonic filters. The passive harmonic filter segment is sub segmented into tuned passive harmonic filters and de-tuned passive harmonic filters. Low voltage harmonic filters, medium voltage harmonic filters and high voltage harmonic filters are the different classifications of the market by voltage level. By end user, the market is classified into industrial, IT & data centers, automotive, oil & gas, and others.
North America, Europe, Asia-Pacific and RoW are the geographical classifications of the market. The U.S. and others are covered under North America wherein Europe covers Germany, UK, and others. Asia-Pacific covers China, India, Japan, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the harmonic filter market are Schneider Electric SE, Crompton Greaves Ltd., ABB Ltd., Emerson Electric Co., Schaffner Holding AG, Eaton Corp. Plc, TDK Corp., Baron Power Ltd.,MTE Corp., and Comsys AB, among others.
The key takeaways from the report
Scope of the Global Harmonic Filter Market
Filter Type Segments
Voltage Level Type Segments
End User Segments