Harmonic Filter Market by Type (Active, and Passive), Voltage Level (Low Voltage Harmonic, Medium Voltage Harmonic, and High Voltage Harmonic), Phase, End User, and Region - Global Forecast to 2023

  • ID: 4300893
  • Report
  • Region: Global
  • 173 Pages
  • Markets and Markets
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Harmonic Filter Market worth 1.12 Billion USD by 2023

FEATURED COMPANIES

  • Afp Transformers (The US)
  • AVX Corporation (The US)
  • Finmotor Srl (Italy)
  • Mte Corporation (The US)
  • Phaseco Inc. (The US)
  • Siemens AG (Germany)
  • MORE

“The harmonic filter market is projected to grow at a CAGR of 6.65% between 2017 and 2023”

According to the new market research report, the harmonic filter market is projected to grow from USD 0.70 billion in 2016 to USD 1.12 billion by 2023, at a CAGR of 6.65% between 2017 and 2023. The key reason fueling the growth of the market is the need to eliminate the harmonic distortion caused by nonlinear loads. Harmonics in power systems result in increased heating of equipment and conductors, misfiring in variable speed drives, and torque pulsations in motors. Thus, reduction of harmonics using filters is crucial across industrial and commercial sectors.

“Based on type, the passive segment is expected to lead the harmonic filter market between 2017 and 2023”

The cost of Passive Harmonic Filter (PHF) is lower than Active Harmonic Filter (AHF), as the former is built using passive network elements, such as resistors, capacitors, and inductors. In the present scenario, PHF is most commonly used to control the flow of harmonic currents. PHFs offer a plug-and-play approach with more compact dimensions, which is one of their major advantages over AHFs.

“The harmonic filter market in APAC is expected to grow at the highest CAGR during the forecast period”

The harmonic filter market has been studied for North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest rate between 2017 and 2023. This can be attributed to the growth of different industries in the region and the adoption of complex equipment that tend to generate harmonics.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key experts.

The breakup of profiles of primary participants is given below:

  • By Company Type: Tier 1-25%, Tier 2-40%, and Tier 3-35%
  • By Designation: C Level-50%, Director Level-40%, and Others-10%
  • By Region: North America-35%, Europe-22%, APAC-28%, and RoW-15%

Major players in the harmonic filter market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfoss A/S (Denmark), and Schaffner Holding AG (Switzerland), among others.

Research Coverage:

This report segments the harmonic filter market on the basis of voltage level into low voltage harmonic, medium voltage level, and high voltage level. Based on phase, the harmonic filter market has been segmented into 1-phase and 3-phase. On the basis of type, the harmonic filter market has been segmented into active and passive. Based on end user, the harmonic filter market has been divided into industrial, commercial, and residential. Furthermore, the harmonic filter market has been studied for North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:

  • This report includes market statistics pertaining to type, phase, voltage level, end user, and region, along with their respective revenues.
  • It also includes value chain analysis to provide an insight into the harmonic filter market.
  • The major drivers, restraints, challenges, and opportunities for the harmonic filter market have been detailed in this report.
  • Illustrative segmentation, analysis, and forecast for the harmonic filter market based on type, phase, voltage level, end user, and region have been conducted to provide an overall view of the harmonic filter market.
  • A detailed competitive landscape has been provided, which includes DIVE analysis, business strategy, product offerings, and key players and their revenues.
  • The available customizations for the report offer further country-wise segmentation of the harmonic filter market, in terms of value; further breakdown of the industry could be provided, along with the profiling of additional companies in the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Afp Transformers (The US)
  • AVX Corporation (The US)
  • Finmotor Srl (Italy)
  • Mte Corporation (The US)
  • Phaseco Inc. (The US)
  • Siemens AG (Germany)
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Geographic Scope
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.1.2 List of Major Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for the Harmonic Filter Market
4.2 Harmonic Filter Market, By Type
4.3 Harmonic Filter Market, By Voltage Level
4.4 Harmonic Filter Market, By End User
4.5 Harmonic Filter Market, By Phase

5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Harmonic Filter Market
5.2.1 Drivers
5.2.1.1 Rising Need for High Power Quality and Reliability
5.2.1.2 Increased Adoption of Variable Frequency Drives (VFDS)
5.2.1.3 Stringent Government Regulations Pertaining to Power Quality and Reliability
5.2.1.4 Increasing Awareness of Negative Effects of Harmonic Disturbances
5.2.2 Restraints
5.2.2.1 High Cost of Harmonic Filters and Their Cost of Installation and Maintenance
5.2.2.2 Availability of Substitutes for Harmonics Filters
5.2.3 Opportunities
5.2.3.1 Increasing Demand in Commercial Applications
5.2.3.2 Increasing Automation Across End-User Industries
5.2.4 Challenges
5.2.4.1 Less Awareness About Active Harmonic Filters
5.2.4.2 Fluctuating Prices of Oil and Gas

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Component Providers
6.2.3 Manufacturers
6.2.4 Marketing and Sales
6.2.5 End Users
6.3 Key Trends: Harmonic Filter Market
6.4 Government Standards and Regulations Related to the Harmonic Filter Market

7 Harmonic Filter Market, By Type
7.1 Introduction
7.2 Active Harmonic Filter (AHF)
7.3 Passive Harmonic Filter (PHF)
7.3.1 Tuned Passive Harmonic Filter
7.3.2 Detuned Passive Harmonic Filter

8 Harmonic Filter Market, By Voltage Level
8.1 Introduction
8.2 Low-Voltage Harmonic Filters
8.3 Medium-Voltage Harmonic Filters
8.4 High-Voltage Harmonic Filters

9 Harmonic Filter Market, By End-User
9.1 Introduction
9.2 Industrial
9.2.1 Manufacturing
9.2.2 Metal Processing
9.2.3 Pulp and Paper
9.2.4 Automotive
9.2.5 Oil and Gas
9.2.6 Others
9.2.6.1 Water Treatment
9.2.6.2 Packaging
9.2.6.3 Food Processing
9.3 Commercial
9.4 Residential

10 Harmonic Filter Market, By Phase
10.1 Introduction
10.2 Single-Phase Harmonic Filter
10.3 Three-Phase Harmonic Filter

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Rest of North America
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of APAC
11.5 RoW
11.5.1 Middle East
11.5.2 Africa
11.5.3 Latin America

12 Competitive Landscape
12.1 Introduction
12.2 Market Ranking Analysis, 2016
12.3 Competitive Situations and Trends
12.4 Vendor Dive Overview
12.4.1 Dynamic Players
12.4.2 Emerging Players
12.4.3 Vanguards
12.4.4 Innovators
12.4.5 Dive Chart
12.5 Business Startegies Adopted By Major Players in the Harmonic Filter Market (25 Players)
12.6 Analysis of Product Portfolio of Major Players in the Harmonic Filter Market (25 Players)

13 Company Profiles
(Business Overview, Products Offered & Services Strategies, Key Relationship, Recent Developments, MnM View)*
13.1 Introduction
13.2 ABB Ltd.
13.3 Schneider Electric Se
13.4 Eaton Corporation PLC
13.5 Schaffner Holding AG
13.6 Siemens AG
13.7 CG Power and Industrial Solutions Limited (CG)
13.8 TDK Corporation
13.9 Larsen & Toubro Limited (L&T)
13.10 Arteche
13.11 AVX Corporation
13.12 Mte Corporation
13.13 Comsys Ab
13.14 Enspec Power Ltd
13.15 Mirus International Inc.
13.16 LPI-NZ Ltd
13.17 Mesta Electronic Inc.
13.18 Reo AG
13.19 Baron Power Ltd
13.20 TCI, LLC
13.21 Danfoss A/S
13.22 Key Innovators
13.22.1 Sinexcel Electric Co., Ltd
13.22.2 LPI-NZ Ltd
13.22.3 Clariant Power System Ltd.
13.22.4 Inphase Power Technologies Private Limited
13.22.5 Rem Electromach Pvt. Ltd.

*Details on Business Overview, Products Offered & Services Strategies, Key Relationship, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details

List of Tables:
Table 1 Comparison Between Active and Passive Harmonic Filters
Table 2 Harmonic Filter Market, By Type, 2014-2023 (USD Million)
Table 3 Harmonic Filter Market, By Type, 2014-2023 (Million Units)
Table 4 Harmonic Filter Market for Active Harmonic Filter, By Region, 2014-2023 (USD Million)
Table 5 Harmonic Filter Market for Passive Harmonic Filter, By Region, 2014-2023 (USD Million)
Table 6 Harmonic Filter Market, By Voltage Level, 2014-2023 (USD Million)
Table 7 Low-Voltage Harmonic Filter Market, By Region, 2014-2023 (USD Million)
Table 8 Medium-Voltage Harmonic Filter Market, By Region, 2014-2023 (USD Million)
Table 9 High-Voltage Harmonic Filter Market, By Region, 2014-2023 (USD Million)
Table 10 Harmonic Filter Market, By End User, 2014-2023 (USD Million)
Table 11 Harmonic Filter Market for Industrial End User, By Region, 2014-2023 (USD Million)
Table 12 Harmonic Filter Market for Commercial End User, By Region, 2014-2023 (USD Million)
Table 13 Harmonic Filter Market for Residential End User, By Region, 2014-2023 (USD Million)
Table 14 Harmonic Filter Market, By Phase, 2014-2023 (USD Million)
Table 15 Harmonic Filter Market in North America, By Phase, 2014-2023 (USD Million)
Table 16 Harmonic Filter Market in Europe, By Phase, 2014-2023 (USD Million)
Table 17 Harmonic Filter Market in APAC, By Phase, 2014-2023 (USD Million)
Table 18 Harmonic Filter Market in RoW, By Phase, 2014-2023 (USD Million)
Table 19 Harmonic Filter Market, By Region, 2014-2023 (USD Million)
Table 20 Harmonic Filter Market in US, By Type, 2014-2023 (USD Million)
Table 21 Harmonic Filter Market in US, By Voltage Level, 2014-2023 (USD Million)
Table 22 Harmonic Filter Market in US, By End User, 2014-2023 (USD Million)
Table 23 Harmonic Filter Market in Rest of North America, By Type, 2014-2023 (USD Million)
Table 24 Harmonic Filter Market in Rest of North America, By Voltage Level, 2014-2023 (USD Million)
Table 25 Harmonic Filter Market in Rest of North America, By End User, 2014-2023 (USD Million)
Table 26 Harmonic Filter Market in North America, By Country, 2014-2023 (USD Million)
Table 27 Harmonic Filter Market in North America, By Type, 2014-2023 (USD Million)
Table 28 Harmonic Filter Market in North America, By Voltage Level, 2014-2022 (USD Million)
Table 29 Harmonic Filter Market in North America, By End User, 2014-2023 (USD Million)
Table 30 Harmonic Filter Market in Europe, By Type, 2014-2023 (USD Million)
Table 31 Harmonic Filter Market in Europe, By Voltage Level, 2014-2023 (USD Million)
Table 32 Harmonic Filter Market in Europe, By End User, 2014-2023 (USD Million)
Table 33 Harmonic Filter Market in Europe, By Country, 2014-2023 (USD Million)
Table 34 Harmonic Filter Market in UK, By Type, 2014-2023 (USD Million)
Table 35 Harmonic Filter Market in UK, By Voltage Level, 2014-2023 (USD Million)
Table 36 Harmonic Filter Market in UK, By End User, 2014-2023 (USD Million)
Table 37 Harmonic Filter Market in Germany, By Type, 2014-2023 (USD Million)
Table 38 Harmonic Filter Market in Germany, By Voltage Level, 2014-2023 (USD Million)
Table 39 Harmonic Filter Market in Germany, By End User, 2014-2023 (USD Million)
Table 40 Harmonic Filter Market in France, By Type, 2014-2023 (USD Million)
Table 41 Harmonic Filter Market in France, By Voltage Level, 2014-2023 (USD Million)
Table 42 Harmonic Filter Market in France, By End User, 2014-2023 (USD Million)
Table 43 Harmonic Filter Market in Rest of Europe, By Type, 2014-2023 (USD Million)
Table 44 Harmonic Filter Market in Rest of Europe, By Voltage Level, 2014-2023 (USD Million)
Table 45 Harmonic Filter Market in Rest of Europe, By End User, 2014-2023 (USD Million)
Table 46 Harmonic Filter Market in APAC, By Type, 2014-2023 (USD Million)
Table 47 Harmonic Filter Market in APAC, By Voltage Level, 2014-2023 (USD Million)
Table 48 Harmonic Filter Market in APAC, By End User, 2014-2023 (USD Million)
Table 49 Harmonic Filter Market in APAC, By Country, 2014-2023 (USD Million)
Table 50 Harmonic Filter Market in China, By Type, 2014-2023 (USD Million)
Table 51 Harmonic Filter Market in China, By Voltage Level, 2014-2023 (USD Million)
Table 52 Harmonic Filter Market in China, By End User, 2014-2023 (USD Million)
Table 53 Harmonic Filter Market in Japan, By Type, 2014-2023 (USD Million)
Table 54 Harmonic Filter Market in Japan, By Voltage Level, 2014-2023 (USD Million)
Table 55 Harmonic Filter Market in Japan, By End User, 2014-2023 (USD Million)
Table 56 Harmonic Filter Market in India, By Type, 2014-2023 (USD Million)
Table 57 Harmonic Filter Market in India, By Voltage Level, 2014-2023 (USD Million)
Table 58 Harmonic Filter Market in India, By End User, 2014-2023 (USD Million)
Table 59 Harmonic Filter Market in Rest of APAC, By Type, 2014-2023 (USD Million)
Table 60 Harmonic Filter Market in Rest of APAC, By Voltage Level, 2014-2023 (USD Million)
Table 61 Harmonic Filter Market in Rest of APAC, By End User, 2014-2023 (USD Million)
Table 62 Harmonic Filter Market in RoW, By Type, 2014-2023 (USD Million)
Table 63 Harmonic Filter Market in RoW, By Voltage Level, 2014-2023 (USD Million)
Table 64 Harmonic Filter Market in RoW, By End User, 2014-2023 (USD Million)
Table 65 Harmonic Filter Market in RoW, By Region, 2014-2023 (USD Million)
Table 66 Harmonic Filter Market in Middle East, By Type, 2014-2023 (USD Million)
Table 67 Harmonic Filter Market in Middle East, By Voltage Level, 2014-2023 (USD Million)
Table 68 Harmonic Filter Market in Middle East, By End User, 2014-2023 (USD Million)
Table 69 Harmonic Filter Market in Africa, By Type, 2014-2023 (USD Million)
Table 70 Harmonic Filter Market in Africa, By Voltage Level, 2014-2023 (USD Million)
Table 71 Harmonic Filter Market in Africa, By End User, 2014-2023 (USD Million)
Table 72 Harmonic Filter Market in Latin America, By Type, 2014-2023 (USD Million)
Table 73 Harmonic Filter Market in Latin America, By Voltage Level, 2014-2023 (USD Million)
Table 74 Harmonic Filter Market in Latin America, By End User, 2014-2023 (USD Million)
Table 75 Ranking of the Top 5 Players in the Harmonic Filter Market, 2016

List of Figures:
Figure 1 Harmonic Filter Market Segmentation
Figure 2 Harmonic Filter Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Passive Harmonic Filters Expected to Hold the Larger Share of the Harmonic Filter Market in 2023
Figure 7 Low-Voltage Harmonic Filters Expected to Grow at the Highest Rate During the Forecast Period
Figure 8 Industrial Segment Expected to Hold the Largest Share of the Harmonic Filter Market During the Forecast Period
Figure 9 3-Phase Harmonic Filters Expected to Grow at the Highest Rate During the Forecast Period
Figure 10 APAC Held the Largest Share of the Harmonic Filter Market in 2017
Figure 11 Increasing Demand for Industrial and Commercial Applications to Drive the Growth of the Harmonic Filter Market During the Forecast Period
Figure 12 Active Harmonic Filters Expected to Witness the Highest Growth Rate (2017-2023)
Figure 13 Low-Voltage Harmonic Filters Held the Largest Share of the Harmonic Filter Market in 2017
Figure 14 Industrials End-User Expected to Dominate the Harmonic Filter Market During 2017-2023
Figure 15 3-Phase Harmonic Filters Expected to Grow at the Highest Rate During the Forecast Period
Figure 16 Rest of APAC Held the Largest Share of the Harmonic Filter Market in APAC in 2017
Figure 17 Harmonic Filter Market: Value Chain Analysis
Figure 18 Harmonic Filter Market, By Type
Figure 19 Harmonic Filter Market for Active Harmonic Filter Expected to Grow at the Highest Rate During the Forecast Period
Figure 20 Harmonic Filter Market, By Voltage Level
Figure 21 Harmonic Filter Market for Low-Voltage Harmonic Filter Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 22 Harmonic Filter Market, By Type
Figure 23 Market for 3-Phase Harmonic Filter Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 24 Harmonic Filter Market, By Region
Figure 25 Geographic Snapshot: Harmonic Filter Market in APAC Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 26 North America: Harmonic Filter Market Snapshot
Figure 27 US Expected to Hold the Largest Share of the North American Harmonic Filter Market During the Forecast Period
Figure 28 Europe: Harmonic Filter Market Snapshot
Figure 29 Rest of Europe Expected to Hold the Largest Share of the Harmonic Filter Market During the Forecast Period in Europe
Figure 30 APAC: Harmonic Filter Market Snapshot
Figure 31 Harmonic Filter Market in China Expected to Grow at the Highest Rate During the Forecast Period in APAC
Figure 32 Companies Adopted New Product Launches as the Key Growth Strategy
Figure 33 Market Evaluation Framework: Contracts, Partnerships, and Agreements Fuelled Growth and Innovation Between 2014 and 2016
Figure 34 Battle for Market Share: Contracts, Partnerships, and Agreements Were the Key Strategies Adopted Between 2014 and 2016
Figure 35 Geographic Revenue Mix of Major Players in the HF Market, 2016
Figure 36 ABB Ltd.: Company Snapshot
Figure 37 Schneider Electric Se: Company Snapshot
Figure 38 Eaton Corporation PLC: Company Snapshot
Figure 39 Schaffner Holding AG: Company Snapshot
Figure 40 Siemens AG: Company Snapshot
Figure 41 CG Power and Industrial Solutions Limited: Company Snapshot
Figure 42 TDK Corporation: Company Snapshot
Figure 43 Larsen & Toubro Limited: Company Snapshot
Figure 44 Arteche: Company Snapshot
Figure 45 AVX Corporation: Company Snapshot
Figure 46 Danfoss A/S: Company Snapshot
Note: Product cover images may vary from those shown
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  • ABB Ltd. (Switzerland),Schneider Electric Se (France)
  • Afp Transformers (The US)
  • Arteche (Spain)
  • Astrodyne Tdi Power Supplies & Emi Filters (The US)
  • AVX Corporation (The US)
  • Baron Power Limited (India)
  • Comsys Ab (Sweden)
  • Danfoss A/S (Denmark),Crompton Greaves Ltd. (India)
  • Eaton Corporation PLC (Ireland)
  • Finmotor Srl (Italy)
  • Larsen & Toubro Limited (India)
  • LPI-NZ Ltd. (Australia)
  • Mesta Electronics Inc. (The US)
  • Mirus International Inc. (Canada)
  • Mte Corporation (The US)
  • Nhp (New Zealand)
  • Phaseco Inc. (The US)
  • Reo AG (Germany)
  • Schaffner Holding AG (Switzerland)
  • Shandong Hoteam Electric Co. Ltd. (China)
  • Siemens AG (Germany)
  • TCI LLC (The US)
  • TDK Corporation (Japan)
Note: Product cover images may vary from those shown
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