Global Harmonic Filters Market to Reach $1.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Harmonic Filters estimated at US$828.5 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027. Active, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$401.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $244.2 Million, While China is Forecast to Grow at 4.9% CAGR
The Harmonic Filters market in the U.S. is estimated at US$244.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$209.7 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Select Competitors (Total 41 Featured):
Amid the COVID-19 crisis, the global market for Harmonic Filters estimated at US$828.5 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 5.3% over the period 2020-2027. Active, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$401.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $244.2 Million, While China is Forecast to Grow at 4.9% CAGR
The Harmonic Filters market in the U.S. is estimated at US$244.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$209.7 Million by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Select Competitors (Total 41 Featured):
- ABB Group
- Arteche
- AVX Corporation
- Baron Power Ltd.
- CG Power and Industrial Solutions Ltd.
- Clariant Power System Ltd.
- Comsys AB
- Danfoss A/S
- Eaton Corporation PLC
- Enspec Power Ltd.
- Inphase Power Technologies Private Limited
- Larsen & Toubro Ltd.
- LPi-NZ Ltd.
- Mesta Electronic Inc.
- MIRUS International Inc.
- MTE Corporation
- Rem Electromach Pvt. Ltd.
- Reo AG
- Schaffner Holding AG
- Schneider Electric SA
- Siemens AG
- TCI, LLC
- TDK Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY
II. EXECUTIVE SUMMARY
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- An Overview of Harmonic Filter Market
- Impact of Covid-19 and a Looming Global Recession
- A Prelude into Market Leading Players
- Exhibit 1: Harmonic Filter Market: Percentage Breakdown of Volume Sales Market Shares by Leading Players (2018)
- Increase in Adoption Rate of Variable Frequency Drives (VFDS) to Spur Harmonic Filter Market Growth
- Asia Pacific Leads the Global Market
- Low Level of Consumer Awareness to Hinder Market Growth
- Fluctuations in Gas and Oil Prices Impact Market Growth
- Market Restrains and Challenges
- Negative Consequences of Harmonics to Dampen Market Prospects
- Harmonic Filters Market to Register Restricted Market Growth due to High Cost of the Equipment
- Active Players in United States
- Active Players in Canada
- Active Players in Japan
- Active Players in China
- Active Players in France
- Active Players in Germany
- Active Players in Italy
- Active Players in United Kingdom
- Active Players in Rest of Europe
- Active Players in Asia-Pacific
- Active Players in Rest of World
- Total Companies Profiled: 41
Note: Product cover images may vary from those shown
