Skip to main content

Harmonic Filter Market : Industry Analysis, Opportunity Assessment and Forecast upto 2024

The stiff competition between ABB Ltd., Emerson Electric Co., and Schneider Electric SE characterizes the competitive landscape of the global harmonic filter market, finds Transparency Market Research (TMR). Collectively, these three players account for a share of 41% in this highly concentrated market. As the industrial sector consumes the highest number of these filters at present, ABB Ltd., which supplies harmonic filters to utilities, metal processing, and manufacturing industries, has gained prominence, accounting for 17.7% of the market.

“The rapid upsurge in the demand for power on utilities has increased the concerns over the power quality and its transmission. Harmonic filters are witnessing extensive demand across the world due to this. The sales dynamics of these filters are being greatly influenced by the increasing deployment of variable frequency drives (VFDS),” says an analyst at TMR.

Obtain Report Details @

https://www.transparencymarketresearch.com/world-harmonic-filter-market.html

On the other hand, the lack of awareness among consumers regarding harmonic suppression is limiting the application of these filters across a number of industries. Apart from this, the high cost of harmonic filters is also acting as a barrier to their adoption among end-users.

The future growth of the global harmonic filters market will be impacted considerably due to these factors. However, the imminent enforcement of stringent government regulations regarding the consumption of energy in heavy industries is likely to multiply the demand for harmonic filters in IT and data centers.

This 164 page report gives readers a comprehensive overview of the Harmonic Filter Market. Browse through Table. Browse through 104 figures and 29 data tables to unlock the hidden opportunities in this market.

According to TMR, the global market for harmonic filters is likely to grow into an opportunity worth US$1.2 bn by 2024, rising at a CAGR of 6.50% between 2016 and 2024. In 2015, it had attained a valuation of US$697.2 mn worldwide. Currently, passive harmonic filters attract higher demand than active harmonic filters. However, the latter is expected to gain impetus over the next few years, states TMR.

Based on voltage, while low voltage harmonic filters are likely to hold the majority of the market share, medium voltage harmonic filters will register the fastest growth rate over the forecast period.

Asia Pacific emerged the largest regional market for harmonic filters with a share of nearly 38% in 2015. It is likely to grow almost 1.8 times over the forecast period to reach an opportunity worth US$471.6 mn by the end of this term.

Get Sample copy of the Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1411

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

  • Industrial

  • IT And Data Centers

  • Automotive

  • Oil & Gas

  • Others

Global Harmonic Filter Market, by Geography

  • North America

  • Europe

  • Asia Pacific

  • Middle East & Africa (MEA)

  • Latin America

Labels:

Comments

Post a Comment

Popular posts from this blog

Lipid Profile Market: Information, Figures And Analytical Insights 2027 | Abbott., Akers Biosciences, Inc., Beckman Coulter

Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this credible  Lipid Profile Market  analysis report. It helps customers or other market participants to be aware of the problems they may face while operating in the Lipid Profile industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. The global Lipid Profile business report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The scope of this Lipid Profile Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structure this report is based on the data coll
Post a Comment
Read more

Cryptocurrency Market: Opportunity Analysis and Industry Forecast Up To 2025

  The growing popularity of digital currency has played an integral role in driving sales across the global  cryptocurrency market.  The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow. Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the global cryptocurr
Post a Comment
Read more

Agricultural Sprayers Market To 2027 Market Development, Overview and Forecast | Deere & Company, CNH Industrial, Exel Industries

This large scale Agricultural Sprayers Market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Agricultural Sprayers Market report helps uncover the general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Agricultural Sprayers Market document assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business. Request an analyst call or drop down an enquiry to get thorough Agricultural Sprayers Market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken
Post a Comment
Read more