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
[171 Pages Report] The harmonic filter market is projected to reach USD 1.12 Billion by 2023, at a CAGR of 6.65% from 2017 to 2023. The base year used for study is 2016, and the forecast period is from 2017 to 2023. This report provides a detailed analysis of the market based on type, voltage level, phase, end user, and region. Based on voltage type, the low voltage harmonic segment is estimated to account for the largest share of the market by 2023. In addition, this segment is expected to grow at the highest rate between 2017 and 2023.
To estimate the size of the harmonic filter market, top players in the market and their market shares have been considered in this report. This research study involves extensive use of secondary sources, such as annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts. The research methodology is explained below:
- Analyzing the overall size of the individual markets through percentage split with the help of primary and secondary research
- Analyzing several market segments and subsegments
- Analyzing supply and demand sides of the harmonic filter market ecosystem
- Analyzing market trends in various regions and countries, supported by the ongoing research and development in these regions
- Finalizing overall market sizes by triangulation with supply-side data, which includes product development, supply chain, and estimated sales in the harmonic filter market
After arriving at the overall market size, the total market has been split into several segments and subsegments, and confirmed with key industry experts. The following figure depicts the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem
The harmonic filter market ecosystem includes component providers, such as Koninklijke Philips N.V.(Netherlands), Fuji Component Parts USA, Inc.(US), and Siemens AG (Germany), and manufacturers, such as ABB Ltd. (Switzerland), Baron Power Limited (India), Comsys AB (Sweden), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfoss A/S (Denmark), Siemens AG (Germany), Crompton Greaves Ltd. (India), TDK Corporation (Japan), Schaffner Holding AG (Switzerland), MTE Corporation (US), TCI, LLC (US), Enspec Power Ltd. (UK), Larsen & Toubro Limited (India), Arteche (Spain), AVX Corporation (US), Mirus International Inc. (Canada), LPI-NZ Ltd. (Australia), Mesta Electronics, Inc. (US), and REO AG (Germany).
Target Audience
- Technology providers
- Research organizations
- Government organizations
- Technology investors
- Technology standards organizations
- Forums, alliances, and associations, and government bodies
- Venture capitalists
- Private equity firms, analysts, and strategic business planners
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This research report categorizes the overall harmonic filter market on the basis of type, voltage level, phase, end user, and region.
Harmonic Filter Market, By Type
- Active
- Passive
Harmonic Filter Market, By Voltage Level
- Low Voltage Harmonic
- Medium Voltage Harmonic
- High Voltage Harmonic
Harmonic Filter Market, By Phase
- 1-Phase
- 3-Phase
Harmonic Filter Market, By End-User
- Industrial
- Commercial
- Residential
Harmonic Filter Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- RoW
- Middle East
- Africa
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Regional Analysis
Further breakdown of region-/country-specific analysis
Company Information
Detailed analysis and profiling of additional market players (up to 5)
According to the MarketsandMarkets forecast, the harmonic filter market is projected to reach USD 1.12 Billion by 2023, growing at a CAGR of 6.65% between 2017 and 2023. The growth of the market can be attributed to the increasing demand for harmonic filters from industrial and commercial sectors. Both active and passive types of harmonic filters are increasingly used in industrial, commercial, and residential applications.
Based on voltage level, the low voltage harmonic segment is expected to grow at the highest CAGR of 6.99% during the forecast period. In addition, this segment is estimated to account for the largest share by 2023. The high growth rate of the low voltage harmonic segment is due to the use of these filters in power transmission, distribution as well as in various manufacturing and process industries.
Among end-users, industrial segment accounted for the largest share of the harmonic filter market in 2016. Industrial facilities are the major producers of harmonic currents, as machines generally operate at a very high voltage. Several industries, such as manufacturing, metal processing, automotive, and oil & gas, involve some form of power conversion to run processes that use variable speed drives. Harmonic filters are used for a large number of industrial end uses, such as manufacturing, oil & gas, paper & pulp, and metal processing.
Based on type, the active segment of the harmonic filter market is expected to grow at the highest rate between 2017 and 2023. Active filters use power electronics switching to produce harmonic currents and harmonic components, which cancel harmonics generated from nonlinear loads. These filters are comparatively new, and various new technologies are being proposed to enhance their performance.
In 2016, the APAC held the largest share of the harmonic filter market. Moreover, this market in APAC is expected to grow at the highest CAGR between 2017 and 2023. This is due to the growth of different industries in the region and the adoption of complex equipment that tends to generate harmonics. Furthermore, APAC is expected to lead the global market, as there are a large number of manufacturing and processing industries in various countries of APAC, especially China, India, Singapore, and South Korea
The 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. These players have adopted various strategies, such as contracts, agreements, partnerships, new product launches, and business expansions to cater to the rising demand for harmonic mitigation across industrial and commercial applications.
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Table of Contents
1 Introduction (Page No. - 16)
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 (Page No. - 20)
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 (Page No. - 28)
4 Premium Insights (Page No. - 32)
4.1 Attractive Opportunities for the Harmonic Filter Market
4.2 Harmonic Filter Market, By Type
4.3 Market, By Voltage Level
4.4 Market, By End User
4.5 Market, By Phase
5 Market Overview (Page No. - 35)
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 (Page No. - 42)
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 Market
7 Harmonic Filter Market, By Type (Page No. - 45)
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 (Page No. - 51)
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 (Page No. - 57)
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 (Page No. - 64)
10.1 Introduction
10.2 Single-Phase Harmonic Filter
10.3 Three-Phase Harmonic Filter
11 Geographic Analysis (Page No. - 69)
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 (Page No. - 101)
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 Market (25 Players)
ABB Ltd. (Switzerland),Schneider Electric Se (France), Eaton Corporation PLC (Ireland), Siemens AG (Germany), Schaffner Holding AG (Switzerland), Danfoss A/S (Denmark),Crompton Greaves Ltd. (India), Larsen & Toubro Limited (India), Arteche (Spain), Mirus International Inc. (Canada), Reo AG (Germany), Phaseco, Inc. (The US), Afp Transformers (The US), Finmotor Srl (Italy), Baron Power Limited (India), TDK Corporation (Japan), TCI, LLC (The US), AVX Corporation (The US), Mesta Electronics, Inc. (The US), Astrodyne Tdi Power Supplies & Emi Filters (The US), Shandong Hoteam Electric Co., Ltd. (China), Comsys Ab (Sweden), Mte Corporation (The US), LPI-NZ Ltd. (Australia), Nhp (New Zealand)
13 Company Profiles (Page No. - 108)
(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 (Page No. - 162)
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details
List of Tables (75 Tables)
Table 1 Comparison Between Active and Passive Harmonic Filters
Table 2 Harmonic Filter Market, By Type, 20142023 (USD Million)
Table 3 Market, By Type, 20142023 (Million Units)
Table 4 Harmonic Filter Market for Active Harmonic Filter, By Region, 20142023 (USD Million)
Table 5 Market for Passive Harmonic Filter, By Region, 20142023 (USD Million)
Table 6 Harmonic Filter Market, By Voltage Level, 20142023 (USD Million)
Table 7 Low-Voltage Market, By Region, 20142023 (USD Million)
Table 8 Medium-Voltage Market, By Region, 20142023 (USD Million)
Table 9 High-Voltage Market, By Region, 20142023 (USD Million)
Table 10 Harmonic Filter Market, By End User, 20142023 (USD Million)
Table 11 Market for Industrial End User, By Region, 20142023 (USD Million)
Table 12 Market for Commercial End User, By Region, 20142023 (USD Million)
Table 13 Market for Residential End User, By Region, 20142023 (USD Million)
Table 14 Market, By Phase, 20142023 (USD Million)
Table 15 Harmonic Filter Market in North America, By Phase, 20142023 (USD Million)
Table 16 Market in Europe, By Phase, 20142023 (USD Million)
Table 17 Market in APAC, By Phase, 20142023 (USD Million)
Table 18 Market in RoW, By Phase, 20142023 (USD Million)
Table 19 Harmonic Filter Market, By Region, 20142023 (USD Million)
Table 20 Market in US, By Type, 20142023 (USD Million)
Table 21 Market in US, By Voltage Level, 20142023 (USD Million)
Table 22 Market in US, By End User, 20142023 (USD Million)
Table 23 Harmonic Filter Market in Rest of North America, By Type, 20142023 (USD Million)
Table 24 Market in Rest of North America, By Voltage Level, 20142023 (USD Million)
Table 25 Market in Rest of North America, By End User, 20142023 (USD Million)
Table 26 Market in North America, By Country, 20142023 (USD Million)
Table 27 Market in North America, By Type, 20142023 (USD Million)
Table 28 Market in North America, By Voltage Level, 20142022 (USD Million)
Table 29 Market in North America, By End User, 20142023 (USD Million)
Table 30 Harmonic Filter Market in Europe, By Type, 20142023 (USD Million)
Table 31 Market in Europe, By Voltage Level, 20142023 (USD Million)
Table 32 Market in Europe, By End User, 20142023 (USD Million)
Table 33 Market in Europe, By Country, 20142023 (USD Million)
Table 34 Harmonic Filter Market in UK, By Type, 20142023 (USD Million)
Table 35 Market in UK, By Voltage Level, 20142023 (USD Million)
Table 36 Market in UK, By End User, 20142023 (USD Million)
Table 37 Market in Germany, By Type, 20142023 (USD Million)
Table 38 Market in Germany, By Voltage Level, 20142023 (USD Million)
Table 39 Market in Germany, By End User, 20142023 (USD Million)
Table 40 Market in France, By Type, 20142023 (USD Million)
Table 41 Market in France, By Voltage Level, 20142023 (USD Million)
Table 42 Market in France, By End User, 20142023 (USD Million)
Table 43 Market in Rest of Europe, By Type, 20142023 (USD Million)
Table 44 Market in Rest of Europe, By Voltage Level, 20142023 (USD Million)
Table 45 Market in Rest of Europe, By End User, 20142023 (USD Million)
Table 46 Market in APAC, By Type, 20142023 (USD Million)
Table 47 Market in APAC, By Voltage Level, 20142023 (USD Million)
Table 48 Market in APAC, By End User, 20142023 (USD Million)
Table 49 Market in APAC, By Country, 20142023 (USD Million)
Table 50 Harmonic Filter Market in China, By Type, 20142023 (USD Million)
Table 51 Market in China, By Voltage Level, 20142023 (USD Million)
Table 52 Market in China, By End User, 20142023 (USD Million)
Table 53 Market in Japan, By Type, 20142023 (USD Million)
Table 54 Market in Japan, By Voltage Level, 20142023 (USD Million)
Table 55 Market in Japan, By End User, 20142023 (USD Million)
Table 56 Market in India, By Type, 20142023 (USD Million)
Table 57 Market in India, By Voltage Level, 20142023 (USD Million)
Table 58 Market in India, By End User, 20142023 (USD Million)
Table 59 Market in Rest of APAC, By Type, 20142023 (USD Million)
Table 60 Market in Rest of APAC, By Voltage Level, 20142023 (USD Million)
Table 61 Market in Rest of APAC, By End User, 20142023 (USD Million)
Table 62 Harmonic Filter Market in RoW, By Type, 20142023 (USD Million)
Table 63 Market in RoW, By Voltage Level, 20142023 (USD Million)
Table 64 Market in RoW, By End User, 20142023 (USD Million)
Table 65 Market in RoW, By Region, 20142023 (USD Million)
Table 66 Harmonic Filter Market in Middle East, By Type, 20142023 (USD Million)
Table 67 Market in Middle East, By Voltage Level, 20142023 (USD Million)
Table 68 Market in Middle East, By End User, 20142023 (USD Million)
Table 69 Market in Africa, By Type, 20142023 (USD Million)
Table 70 Market in Africa, By Voltage Level, 20142023 (USD Million)
Table 71 Market in Africa, By End User, 20142023 (USD Million)
Table 72 Harmonic Filter Market in Latin America, By Type, 20142023 (USD Million)
Table 73 Market in Latin America, By Voltage Level, 20142023 (USD Million)
Table 74 Market in Latin America, By End User, 20142023 (USD Million)
Table 75 Ranking of the Top 5 Players in the Harmonic Filter Market, 2016
List of Figures (46 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 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 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 Market During the Forecast Period
Figure 12 Active Harmonic Filters Expected to Witness the Highest Growth Rate (20172023)
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 Market During 20172023
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 Market in APAC in 2017
Figure 17 Harmonic Filter Market: Value Chain Analysis
Figure 18 Harmonic Filter Market, By Type
Figure 19 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 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: 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 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 Market During the Forecast Period in Europe
Figure 30 APAC: Harmonic Filter Market Snapshot
Figure 31 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
Growth opportunities and latent adjacency in Harmonic Filter Market
I am trying to gain market information for Australia harmonic fileter market in terms of types and applications.
Which companies design customized harmonic filters for MV/HV applications in Europe and Asia?
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