Harmonic Filter Market Growth Offers Room to Grow to Existing & Emerging Players
The Market report provides critical insights on the market size, share, trend, forecasts, and opportunity analysis.
The newly launched report by Stratview Research, titled ‘Harmonic Filter Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026’ has been bifurcated by Filter Type (Active Harmonic Filter and Passive Harmonic Filter), by Voltage Level Type (Low-Voltage Harmonic Filter, Medium-Voltage Harmonic Filter, and High-Voltage Harmonic Filter), by Phase Type (Single-Phase Harmonic Filter and Three-Phase Harmonic Filter), by End-User Type (Manufacturing, Metal Processing, Pulp & Paper, Data & IT Center, Oil & Gas, and Others), and by Region (North America, Europe, Asia-Pacific, and RoW).
According to the report 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.
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Market Segmentation Analysis -
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. However, active harmonic filter is likely to be the faster-growing filter type segment of the market, owing to its superior harmonic elimination factor as it doesn’t get easily overloaded even if reaches its limit.
Based on the voltage level type, the harmonic filters market is segmented as low-voltage, medium-voltage, and high-voltage harmonic filter. Low-voltage harmonic filter is projected to remain the largest segment of the market during the forecast period. Whereas, medium-voltage harmonic filter, another considerable segment, is likely to grow at an impressive rate in the market during the same period.
Based on the phase type, the harmonic filters market is segmented as single-phase harmonic filter and three-phase harmonic filter. Three-phase harmonic filter is projected to maintain its dominance in the market over the next five years. The segment is also likely to grow at an impressive rate in the market during the same period, owing to its diversified usage in high-end industrial applications, such as manufacturing and metal processing, as well as in commercial applications, such as data and IT center, malls, and airports.
Key Players
The following are the key players in the market-
· ABB Ltd., Schneider Electric SA,
· Eaton Corporation Plc,
· Danfoss Group,
· Schaffner Holding AG,
· Siemens AG,
· TDK Corporation,
· AVX Corporation, Comsys AB,
· TCI, LLC.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
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