Global Harmonic Filters Market - Forecast to 2024

  • ID: 4702623
  • Report
  • Region: Global
  • 188 Pages
  • Frost & Sullivan
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Efficient Power Quality Driving the Demand for Harmonic Filters

A harmonic filter is used to eliminate the harmonic distortion caused by electrical appliances. The role of harmonic filter is critical of the commercial and industrial sector as it can cause malfunctioning of the system, leading to downtimes and increases in operating costs. With latest technological advances and upgrades of infrastructural reforms in regions such as Asia-Pacific (APAC), Latin America, Middle East, and Africa, harmonic filters have become established as tools for mitigating harmonic distortions. The market for harmonic filters is primarily driven by increasing availability and adoption of variable frequency drives (VFDs), especially in North America. It is poised for growth with the implementation of regulatory standards and legislative policies in the industrial and commercial sector.

The need for efficient power quality has driven the customer demand for effective power solution equipment. Moreover, the development of industrial and commercial sectors in the APAC region has created growth opportunities for harmonic filters. With the revival in the global economy and revenue growth in the region, the harmonic filters market is expected to grow at a steady rate. In Europe, end users are still reluctant to spend on filters as they have minimal demand for better power quality. However, with numerous renewable energy plants coming on stream, the uptake of harmonic filters in the region expected to grow.

In Latin America, the presence of numerous local markets for manufacturing harmonic filters and the region’s own proximity to North America has created a very good opportunity for the growth of the harmonic filters market. The markets in the region have a relative advantage in regard to the adoption of new technologies for mitigating harmonic distortion issues. The demand for effective power quality systems and equipment such as harmonic filters is poised to grow in the emerging Rest of World (RoW) economies such as Middle East and Africa.

These regions are heavily populated with oil & gas industries where harmonic distortions are extreme and harmonic mitigation equipment are essential. The requirement for efficient power quality systems to mitigate energy and heat losses due to harmonics has created a demand for devices to mitigate harmonics. With proper guidelines for following regulatory policies and legislations, the RoW market is expected to grow at a steady rate. Lucrative growth opportunities have been identified in regions such as APAC, Latin America, and RoW. Growth in demand for efficient power quality from industrial and commercial sectors, along with infrastructural reforms, will create growth opportunities for harmonic filters in these emerging economies.

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1. EXECUTIVE SUMMARY

  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

2. MARKET OVERVIEW

  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation
  • Market Distribution Channels

3. DRIVERS AND RESTRAINTS - TOTAL HARMONIC FILTERS MARKET

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. FORECASTS AND TRENDS - TOTAL HARMONIC FILTERS MARKET

  • Market Engineering Measurements
  • Forecast Assumptions
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Regional Trends
  • Revenue Forecast Discussion by Region
  • Percent Revenue Forecast by Voltage
  • Revenue Forecast by Voltage
  • Revenue Forecast Discussion by Voltage
  • Percent Revenue Forecast by Technology
  • Revenue Forecast by Technology
  • Revenue Forecast Discussion by Technology
  • Percent Revenue Forecast by Vertical Market
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market

5. MARKET SHARE AND COMPETITIVE ANALYSIS - TOTAL HARMONIC FILTERS MARKET

  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Competitive Factors and Assessment

6. GROWTH OPPORTUNITIES AND COMPANIES TO ACTION

  • Growth Opportunity 1 - Geographical Expansion
  • Growth Opportunity 2 - Renewable Energy and Power Systems
  • Strategic Imperatives for Success and Growth

7. LOW VOLTAGE HARMONIC FILTERS SEGMENT ANALYSIS

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market
  • Revenue Forecast by Technology
  • Revenue Forecast Discussion by Technology
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Market Share
  • Market Share Analysis
  • Active Filters Market Share
  • Passive Filters Market Share
  • Competitive Environment
  • Competitive Factors and Assessment

8. LOW VOLTAGE NORTH AMERICA BREAKDOWN

  • North American Low Voltage Harmonic Filters Segment - Revenue Forecast
  • North American Market - Revenue Forecast Discussion

9. LOW VOLTAGE EUROPE BREAKDOWN

  • European Low Voltage Harmonic Filters Segment - Revenue Forecast
  • European Market - Revenue Forecast Discussion

10. LOW VOLTAGE APAC BREAKDOWN

  • APAC Low Voltage Harmonic Filters Segment - Revenue Forecast
  • APAC Market - Revenue Forecast Discussion

11. LOW VOLTAGE LATIN AMERICA BREAKDOWN

  • Latin American Low Voltage Harmonic Filters Segment - Revenue Forecast
  • Latin American Market - Revenue Forecast Discussion

12. LOW VOLTAGE ROW BREAKDOWN

  • RoW Low Voltage Harmonic Filters Segment - Revenue Forecast
  • RoW Market - Revenue Forecast Discussion

13. MEDIUM VOLTAGE HARMONIC FILTERS SEGMENT BREAKDOWN

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market
  • Revenue Forecast by Technology
  • Revenue Forecast Discussion by Technology
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Market Share
  • Market Share Analysis
  • Active Filters Market Share
  • Passive Filters Share
  • Competitive Environment
  • Competitive Factors and Assessment

14. MEDIUM VOLTAGE NORTH AMERICA BREAKDOWN

  • North American Medium Voltage Harmonic Filters Segment - Revenue Forecast
  • North American Market - Revenue Forecast Discussion

15. MEDIUM VOLTAGE EUROPE BREAKDOWN

  • European Medium Voltage Harmonic Filters Segment - Revenue Forecast
  • European Market - Revenue Forecast Discussion

16. MEDIUM VOLTAGE APAC BREAKDOWN

  • APAC Medium Voltage Harmonic Filters Segment - Revenue Forecast
  • APAC Market - Revenue Forecast Discussion

17. MEDIUM VOLTAGE LATIN AMERICA BREAKDOWN

  • Latin American Medium Voltage Harmonic Filters Segment - Revenue Forecast
  • Latin American Harmonic Filters Segment - Revenue Forecast Discussion

18. MEDIUM VOLTAGE ROW BREAKDOWN

  • RoW Medium Voltage Harmonic Filters Segment - Revenue Forecast
  • RoW Market - Revenue Forecast Discussion

19. HIGH VOLTAGE HARMONIC FILTERS SEGMENT BREAKDOWN

  • Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Revenue Forecast by Vertical Market
  • Revenue Forecast Discussion by Vertical Market
  • Revenue Forecast by Technology
  • Revenue Forecast Discussion by Technology
  • Percent Revenue Forecast by Region
  • Revenue Forecast by Region
  • Revenue Forecast Discussion by Region
  • Market Share
  • Market Share Analysis
  • Active Filters Share
  • Passive Filters Share
  • Competitive Environment
  • Competitive Factors and Assessment

20. HIGH VOLTAGE NORTH AMERICA BREAKDOWN

  • North American High Voltage Harmonic Filters Segment - Revenue Forecast
  • North American Market - Revenue Forecast Discussion

21. HIGH VOLTAGE EUROPE BREAKDOWN

  • European High Voltage Harmonic Filters Segment - Revenue Forecast
  • European Market - Revenue Forecast Discussion

22. HIGH VOLTAGE APAC BREAKDOWN

  • APAC High Voltage Harmonic Filters Segment - Revenue Forecast
  • APAC Market - Revenue Forecast Discussion

23. HIGH VOLTAGE LATIN AMERICA BREAKDOWN

  • Latin America High Voltage Harmonic Filters Segment - Revenue Forecast
  • Latin America Market - Revenue Forecast Discussion

24. HIGH VOLTAGE ROW BREAKDOWN

  • RoW Harmonic Filters Segment - Revenue Forecast
  • RoW Market - Revenue Forecast Discussion

25. THE LAST WORD

  • 3 Big Predictions
  • Legal Disclaimer

26. APPENDIX

  • Market Engineering Methodology
  • List of Companies
  • Partial List of Companies Interviewed
  • Abbreviations and Acronyms Used
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