The Harmonic Filter market delves into the possible growth opportunities for the global market and the chronological growth of the market throughout the forecast period.
Harmonics are voltages & currents which are constant multiples of the electrical frequency of 60Hz and are generated due to the occurrence of non-linear loads in electrical network. Harmonic filters are used to eliminate the harmonic distortion caused by various electrical appliances such as UPS, inverters, transformers, discharge lamps, arc furnaces generate harmonics.
Installation of harmonic filtering systems limits the voltage fluctuation, improves efficiency & operating condition and thus, optimizes the network. The presence of harmonics in the electrical network which can further results in malfunctioning of the equipment through overloading of the neutral conductor, disturbances in the torque of motors, and increase of losses in the transformers.
The demand for harmonic filters is rising for eliminating transients from signals and to ensure high power quality. This can prevent failure of power instruments as well as assist in cost reduction.
The filters are widely implemented in capacitor banks used for electrical & heating equipment. Thus, the harmonic filter industry is driven majorly with the rising demand for high power quality and reliability.
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Rising demand for electrical equipment in industrial and commercial sectors along with stringent regulatory standards concerning energy consumption drives the industry over the forecast period. Furthermore, increasing applications in adjustable speed drives (ASDs), variable speed motor drives (VSDs), light dimmers, fluorescent lamps, and power converters are anticipated to spur the market.
Forthcoming enforcement of stringent rules & regulations releases new opportunities for the key players.
Although, high cost of harmonic filters, low power factor as well as lack of consumer awareness about harmonic suppression may hinder the market growth. Other restrains influencing the growth are offshoring of industry activity limits sales in establishes markets, and incorporation of Active Front Ends (AFEs) in VSDs.
Industry Top Players:
Some of the key players are Danfoss A/S, Baron Power Ltd., MTE Corporation, EPCOS AG, Eaton Corp Plc, ABB Ltd., Crompton Greaves Ltd., Emerson Network Power Inc., Janitza Electronics GmbH, Siemens AG, Comsys AB, Schneider Electric SE, and Schaffner Holding AG.
The global harmonic filter market is segmented by types, end-users, and voltage level.
On the basis of the types, the harmonic filters are segmented as Active, Passive, and Hybrid. Active harmonic filters are designed for avoiding non-linear loads, and power compensation, and anticipated to hold the largest share.
On the basis of the end-user, the market is segmented as industrial, commercial, and residential.
On the basis of the Voltage level segment is further bifurcated as high voltage, medium voltage and low voltage. Low voltage filters have application in various harbor cranes, manufacturing industries, and power plants and therefore, lead the global market.
North America market is expected to contribute majorly owing to the stringent government policies and high consumer awareness in the region. Latin America and Asia-Pacific are anticipated to have faster growth for harmonic filter market as the regions are witnessing continuous development in power generation and distribution in emerging countries, such as India, Brazil & China.
The market is expected to have expansion in various European countries such as France, Italy, U.K., and Germany over the forecast period.
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