According to a new market report published by Credence Research, Inc., “Global Harmonic Filter Market (By Type (Passive Harmonic Filters, Active Harmonic Filters, and Hybrid Harmonic Filters), By End-use (Industrial, Commercial, Residential,), By Voltage Level (Low Voltage, Medium Voltage, and High Voltage)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022” the global harmonic filter market is poised to witness steady growth, growing at a CAGR of 6.9% during the forecast period 2016 – 2023.
Market Insights
Harmonics or distortions are ideally produced in an electrically powered system/equipment owing to the presence of non-linear loads like variable frequency drives in the system. The transmission of distortions in electrically powered machinery/equipment is the major cause behind power quality issues. Large magnitude of harmonics can result in malfunctioning of the system, which leads to downtime and increased operating costs. Thus, suppressing or mitigating such distortions is extremely crucial to achieve power reliability and quality. A harmonic filter is electrically powered equipment that is used to limit the effect of distortions in an electrical system.
Browse the full Global Harmonic Filter (By Type (Passive Harmonic Filters, Active Harmonic Filters, and Hybrid Harmonic Filters), By End-use (Industrial, Commercial, Residential,), By Voltage Level (Low Voltage, Medium Voltage, and High Voltage)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/harmonic-filter-market
Competitive Insights:
The global market for harmonic filters is moderately concentrated with top 4 players acquiring the major chunk of the revenue share. Some of the leading players identified in the research study include Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Schaffner Holding AG (Germany), MTE Corporation (the United States), Emerson Network Power (the United States), Eaton Corporation Plc (Ireland), Epcos AG (Germany), Comsys AB (Sweden), Danfoss A/S (Denmark), and Baron Power Ltd. (India) among others. The global harmonic filters market has been plagued by lack of product differentiation. This has resulted in profit crunching. Thus, application specific product diversification and focus on product enhancement are some of the key strategies adopted by harmonic filter manufacturers across the globe.
Key Trends:
Growing need to ensure power reliability and quality
Mounting adoption of Variable Frequency Drives (VFDs), especially in industrial and commercial applications
Growing demand from commercial applications
Stringent government regulations associated with the power reliability and quality promoting the uptake of harmonic filters
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
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Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
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We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: Credence Research
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: Credence Research
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Website: http://www.credenceresearch.com/report/harmonic-filter-market
