Harmonic Filter Market by Type, by Voltage Level Type, by Phase Type, by End-User Type and by Region Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023

  • ID: 4703796
  • Report
  • 234 Pages
  • Stratview Research
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The Global 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

FEATURED COMPANIES

  • ABB Ltd.
  • AVX Corporation
  • Comsys AB
  • Eaton Corporation Plc
  • Schaffner Holding AG
  • Schneider Electric SE
  • MORE

This report studies the global harmonic filter market over the trend period from 2012 to 2017 and the forecast period from 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Global Harmonic Filter Market: Highlights
Heavy electric machines generate huge non-linear loads which create a lot of harmonics in the electrical power system. Harmonics are periodic, sinusoidal and integer multiples of the fundamental frequency (50Hz or 60Hz), current or voltage components, present in the nonsinusoidal waveform.

Non-linear loads are the root cause for the generation of harmonics. Heavy industrial applications, such as arc furnaces, large variable frequency drives (VFDs), and heavy rectifiers for electrolytic refining, generate a lot of harmonics due to significant non-linear loads.

Harmonic filter is the most suitable component that safeguards electronics and improves power quality factor. Nowadays, apart from industrial, various commercial applications, such as data & IT centers, hospitals, and commercial complexes, are also creating a huge concern of mitigating harmonic distortions.

The global 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. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide, increasing concern for potential damage from power frequency variations, and increasing use of sensitive electronics in industrial automation process are some of the factors burgeoning the growth of harmonic filters worldwide.

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 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 from 2018 to 2023. 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 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

Based on the end-user type, the market is classified as manufacturing, metal processing, paper & pulp, data & IT center, oil & gas, and others. The manufacturing segment is likely to remain the most dominant end-user type in the market during the forecast period. The manufacturing segment majorly includes cement, pharmaceutical, power plants, steel, foundries, and chemical industries.

The industrial sector is the major generator of variable speed drives (VSDs) in which manufacturing is a big contributor. VSDs inject harmonics and create a power-quality problem in industrial power-supply distribution.

In terms of regions, North America is projected to remain the largest harmonic filter market during the forecast period. The USA is the growth engine of the North American market, driven by the presence of major players of harmonic filters as well as end-use industries. Asia-Pacific is likely to be the fastest-growing harmonic filter market during the forecast period, driven by China, India, and Japan.

The supply chain of this market comprises raw material suppliers, component manufacturers, harmonic filter manufacturers, distributors, and end users. Some of the key companies supplying harmonic filters are ABB Ltd., Schneider Electric SA, Eaton Corporation Plc, Danfoss Group, Schaffner Holding AG, Siemens AG, TDK Corporation, AVX Corporation, Comsys AB, and TCI, LLC. Advancement in harmonic filters and regional expansion are some of the key strategies adopted by the major players in order to quickly gain market share.

Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with the publisher's internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted about 14 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

The global harmonic filter market is segmented into the following categories:

Harmonic Filter Market, By Filter Type

  • Active Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Passive Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Harmonic Filter Market, By Voltage Level Type

  • Low-Voltage Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Medium-Voltage Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • High-Voltage Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Harmonic Filter Market, By Phase Type

  • Single-Phase Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Three-Phase Harmonic Filter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Harmonic Filter Market, By End-user Type

  • Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Metal Processing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Paper & Pulp (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Data & IT Center (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Harmonic Filter Market, By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: France, Germany, the UK, Russia, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the World (Country Analysis: Latin America, the Middle East, and Others)

With this detailed report, the publisher offers one of the following free customization options:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Market Segmentation

Current market segmentation of any one of the application types by filter type

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: The publisher offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others.

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FEATURED COMPANIES

  • ABB Ltd.
  • AVX Corporation
  • Comsys AB
  • Eaton Corporation Plc
  • Schaffner Holding AG
  • Schneider Electric SE
  • MORE

1. Executive Summary

2. Harmonic Filter Market - Overview and Market Forces
2.1. Introduction
2.2. Market Classification
2.2.1. By Filter Type
2.2.2. By Voltage Level Type
2.2.3. By Phase Type
2.2.4. By End-User Type
2.2.5. By Region
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter’s Five Force Model
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Customers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitutes
2.8.5. Competitive Rivalry
2.9. SWOT Analysis

3. Harmonic Filter Market Analysis - By Filter Type
3.1. Strategic Insights
3.2. Active Harmonic Filter Market Trend and Forecast (US$ Million)
3.2.1. Regional Trend and Forecast (US$ Million)
3.3. Passive Harmonic Filter Market Trend and Forecast (US$ Million)
3.3.1. Regional Trend and Forecast (US$ Million)

4. Harmonic Filter Market Analysis - By Voltage Level Type
4.1. Strategic Insights
4.2. Low-Voltage Harmonic Filter Market Trend and Forecast (US$ Million)
4.2.1. Regional Trend and Forecast (US$ Million)
4.3. Medium-Voltage Harmonic Filter Market Trend and Forecast (US$ Million)
4.3.1. Regional Trend and Forecast (US$ Million)
4.4. High-Voltage Harmonic Filter Market Trend and Forecast (US$ Million)
4.4.1. Regional Trend and Forecast (US$ Million)

5. Harmonic Filter Market Analysis - By Phase Type
5.1. Strategic Insights
5.2. Single-Phase Harmonic Filter Market Trend and Forecast (US$ Million)
5.2.1. Regional Trend and Forecast (US$ Million)
5.3. Three-Phase Harmonic Filter Market Trend and Forecast (US$ Million)
5.3.1. Regional Trend and Forecast (US$ Million)

6. Harmonic Filter Market Analysis - By End-User Type
6.1. Strategic Insights
6.2. Harmonic Filter Market Trend and Forecast for the Manufacturing Industry (US$ Million)
6.2.1. Regional Trend and Forecast (US$ Million)
6.3. Harmonic Filter Market Trend and Forecast for the Metal Processing Industry (US$ Million)
6.3.1. Regional Trend and Forecast (US$ Million)
6.4. Harmonic Filter Market Trend and Forecast for the Pulp & Paper Industry (US$ Million)
6.4.1. Regional Trend and Forecast (US$ Million)
6.5. Harmonic Filter Market Trend and Forecast for Data & IT Center (US$ Million)
6.5.1. Regional Trend and Forecast (US$ Million)
6.6. Harmonic Filter Market Trend and Forecast for the Oil & Gas Industry (US$ Million)
6.6.1. Regional Trend and Forecast (US$ Million)
6.7. Harmonic Filter Market Trend and Forecast for the Other Industries (US$ Million)
6.7.1. Regional Trend and Forecast (US$ Million)

7. Harmonic Filter Market Analysis - By Region
7.1. Strategic Insights
7.2. North American Harmonic Filter Market Analysis
7.2.1. North American Harmonic Filter Market T&F, by Country (US$ Million)
7.2.1.1. The USA: Harmonic Filter Market T&F (US$ Million)
7.2.1.2. Canada: Harmonic Filter Market T&F (US$ Million)
7.2.1.3. Mexico: Harmonic Filter Market T&F (US$ Million)
7.2.2. North American Harmonic Filter Market T&F, by Filter Type (US$ Million)
7.2.3. North American Harmonic Filter Market T&F, by Voltage Level Type (US$ Million)
7.2.4. North American Harmonic Filter Market T&F, by Phase Type (US$ Million)
7.2.5. North American Harmonic Filter Market T&F, by End-User Type (US$ Million)
7.3. European Harmonic Filter Market Analysis
7.3.1. European Harmonic Filter Market T&F, by Country (US$ Million)
7.3.1.1. Germany: Harmonic Filter Market T&F (US$ Million)
7.3.1.2. France: Harmonic Filter Market T&F (US$ Million)
7.3.1.3. The UK: Harmonic Filter Market T&F (US$ Million)
7.3.1.4. Russia: Harmonic Filter Market T&F (US$ Million)
7.3.1.5. Rest of Europe: Harmonic Filter Market T&F (US$ Million)
7.3.2. European Harmonic Filter Market T&F, by Filter Type (US$ Million)
7.3.3. European Harmonic Filter Market T&F, by Voltage Level Type (US$ Million)
7.3.4. European Harmonic Filter Market T&F, by Phase Type (US$ Million)
7.3.5. European Harmonic Filter Market T&F, by End-User Type (US$ Million)
7.4. Asia-Pacific’s Harmonic Filter Market Analysis
7.4.1. Asia-Pacific’s Harmonic Filter Market T&F, by Country (US$ Million)
7.4.1.1. China: Harmonic Filter Market T&F (US$ Million)
7.4.1.2. Japan: Harmonic Filter Market T&F (US$ Million)
7.4.1.3. India: Harmonic Filter Market T&F (US$ Million)
7.4.1.4. Rest of APAC: Harmonic Filter Market T&F (US$ Million)
7.4.2. Asia-Pacific’s Harmonic Filter Market T&F, by Filter Type (US$ Million)
7.4.3. Asia-Pacific’s Harmonic Filter Market T&F, by Voltage Level Type (US$ Million)
7.4.4. Asia-Pacific’s Harmonic Filter Market T&F, by Phase Type (US$ Million)
7.4.5. Asia-Pacific’s Harmonic Filter Market T&F, by End-User Type (US$ Million)
7.5. Rest of World’s (RoW) Harmonic Filter Market Analysis
7.5.1. RoW’s Harmonic Filter Market T&F, by Sub-Region (US$ Million)
7.5.1.1. The Middle East: Harmonic Filter Market T&F (US$ Million)
7.5.1.2. Latin America: Harmonic Filter Market T&F (US$ Million)
7.5.1.3. Others: Harmonic Filter Market T&F (US$ Million)
7.5.2. RoW’s Harmonic Filter Market T&F, by Filter Type (US$ Million)
7.5.3. RoW’s Harmonic Filter Market T&F, by Voltage Level Type (US$ Million)
7.5.4. RoW’s Harmonic Filter Market T&F, by Phase Type (US$ Million)
7.5.5. RoW’s Harmonic Filter Market T&F, by End-User Type (US$ Million)

8. Competitive Analysis
8.1. Strategic Insights
8.2. Product Portfolio Analysis
8.3. Presence by Voltage Level Type
8.4. New Product Launches
8.5. Market Share Analysis

9. Strategic Growth Opportunities
9.1. Strategic Insights
9.2. Market Attractive Analysis
9.2.1. Market Attractiveness by Filter Type
9.2.2. Market Attractiveness by Voltage Level Type
9.2.3. Market Attractiveness by Phase Type
9.2.4. Market Attractiveness by End-User Type
9.2.5. Market Attractiveness by Region
9.2.6. Market Attractiveness by Country
9.3. Growth Matric Analysis
9.4. Emerging Trends
9.5. Key Success Factors

10. Company Profiles of Key Players
10.1. ABB Ltd.
10.2. AVX Corporation
10.3. Comsys AB
10.4. The Danfoss Group
10.5. Eaton Corporation Plc
10.6. Schaffner Holding AG
10.7. Schneider Electric SE
10.8. Siemens AG
10.9. TCI, LLC
10.10. TDK Corporation

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FEATURED COMPANIES

  • ABB Ltd.
  • AVX Corporation
  • Comsys AB
  • Eaton Corporation Plc
  • Schaffner Holding AG
  • Schneider Electric SE
  • MORE

The publisher has conducted more than 10 detailed primary interviews across the harmonic filter market value chain to understand the market dynamics and competitive landscape of the market as well as to estimate and triangulate
the market size, trends, and forecasts.

In an electrical power system, harmonic filter plays a very important role. Harmonics are pollutants in the electrical distribution network. Generally, the current harmonics are the main cause of the generation of voltage harmonics. The current harmonics in any networks are generated due to non-linear loads. The term non linear-load stands the loads which do not draw sinusoidal current from the sinusoidal voltage waveform.

The main source where the non-linear load generates are VFDs (Variable Frequency Drives), DC motors, rectifiers, invertors and generators, switch-mode power supplies (SMPS), and arcing devices, such as welders, arc furnaces, and florescent lights.

The growth of harmonic filter is dependent on several factors. Among all, the major factor driving the market is the increasing concern about harmonics in power utility by end users and regulatory guidelines and policies of different countries. There are international standards and regulations which have their own regulatory bodies in the regions and countries that control the limits of harmonic distortion, such as International Electrotechnical Commission (IEC) and Institute of Electrical and Electronics Engineers (IEEE).

The key growth drivers of the market are:

  • Rising global economy
  • Rising demand for harmonic filters from data centers and IT
  • Increasing adoption of variable frequency drives (VFDs)
  • Increasing production from metal arc furnace
  • Increasing use of sensitive electronics in personal computers and industrial automation process
  • Growing concern for potential damage from power frequency variations.

Few major players have significantly been involved in product partnership in order to increase their diversification as well as to develop greater efficiency to match the growing needs of the market. For instance, Schaffner Holding AG, and Siemens have made a product partnership for their drivers options.

The publisher has segmented the global harmonic filter market in five ways. Our market segmentation will enable companies across the value chain to have critical market insights on segments of their interest. In addition, they can formulate segment specific strategies and focus on high-growth market segments.

The global harmonic filter market has been segmented in the following ways:
I. By Filter Type: Active Harmonic Filter and Passive Harmonic Filter
II. By Voltage Level: Low-Voltage Harmonic Filter, Medium-Voltage Harmonic Filter, and High-Voltage Harmonic Filter
III. By Phase: Single-Phase Harmonic Filter and Three-Phase Harmonic Filter
IV. By End-User Type: Manufacturing, Metal Processing, Pulp & Paper, Data & IT Center, Oil & Gas, and Others
V. By Region: North America, Europe, Asia Pacific, and Rest of the World

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  • ABB Ltd.
  • AVX Corporation
  • Comsys AB
  • Eaton Corporation Plc
  • Schaffner Holding AG
  • Schneider Electric SE
  • Siemens AG
  • TCI, LLC
  • TDK Corporation
  • The Danfoss Group
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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