Global Harmonic Filter Market is Estimated to Reach $1.4 Billion by 2025

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Harmonic Filter Market

• Published by Accurize Market Research Pvt. Ltd.

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Global Harmonic Filter Market is Estimated to
Reach 1.4 Billion by 2025

• Global Harmonic Filter Market report published by
  Accurize Market Research forecast that the global
  market is expected to reach 1.4 billion by 2025
  growing at a CAGR of 6.5 from 2017 to 2025. By
  geography, Asia Pacific and RoW are expected to
  grow at a CAGR of 7.1 and 6.7, respectively,
  during the forecast period.
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  com/report/harmonic-filter-market/sample-request

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Augmented growth of power sector to drive the
global market

• Rising adoption of variable frequency drives and
  growth of power sector are the major factors
  driving the global harmonic filter market. Rising
  demand for power quality in various industries
  such as, IT, medical and others has also pushed
  the growth of harmonic filter market globally.
• However, high expense of harmonic filter coupled
  with availability of substitutes in the market
  would confine the growth in the upcoming years.
• Although, escalating demands from IT and data
  centers, would provide several growth
  opportunities for the market.

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Market Segmentation

• The global harmonic filter market is segmented on
  the basis of type, voltage level, and end user.
  The type segment is divided into active harmonic
  filters and passive harmonic filters. The passive
  harmonic filter segment is further divided into
  tuned passive harmonic filters and de-tuned
  passive harmonic filters. By the voltage level,
  market is further divided into low voltage
  harmonic filters, medium voltage harmonic filters
  and high voltage harmonic filters. By end user
  segment, the market is classified into
  industrial, IT data centers, automotive, oil
  gas, and others.
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  ustomization

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Market Segmentation

• Geographically, the market is segmented into
  North America, Europe, Asia-Pacific and rest of
  the world (RoW). The U.S. and Canada are
  countries under North America wherein Europe
  covers U.K., Germany, Italy and Rest of Europe.
  Asia-Pacific covers China, India, Japan, South
  Korea and Rest of Asia Pacific. Rest of the World
  (RoW) covers South America, Middle East and
  Africa.

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"Passive harmonic filters accounted for the
largest market share in the type segment", says
Accurize

• By type, passive harmonic filters accounted for
  more than two third of the total market revenue
  in 2017.
• The industrial segment of end user accounted for
  around one-third of the total market share, owing
  to increased demand from manufacturing industry,
  pulp paper industry and metal processing
  industry.
• Low voltage harmonic filter segment was the
  largest revenue generating segment in voltage
  level.

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"Asia-Pacific dominated the global market with
the highest market share over the forecast
period", says Accurize

• Asia-Pacific accounted for the largest market
  share of 37.8 in 2017, due to economic
  development of the emerging countries which have
  increased the demand from various industries such
  as automotive, IT and oil gas industries.
• Europe accounted for the second largest market
  share of 27.2. In terms of growth, Asia-Pacific
  is to attain the fastest CAGR of 7 during the
  forecast period 2017-2025.

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Top players in the market

• Major companies operating in the market
• ABB Ltd.
• Emerson Electric Co.
• Schneider Electric SE
• Crompton Greaves Ltd.
• Schaffner Holding AG
• Baron Power Ltd.
• MTE Corp.
• Eaton Corp. Plc
• TDK Corp.
• Comsys AB. 

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Contact Us

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• Email help_at_accurizemarketresearch.com
• Contact No 1-339-368-6383