Harmonic filters are widely used in host of applications in electrical industry. Key applications of the harmonic filters include backup power generation systems such as uninterrupted power supplies (UPS), welding, variable speed drivers (VSD) and motors and furnaces. Harmonic filters are also used in steel, petrochemicals, paper and textile manufacturing plants. Strong demand from semiconductor device is expected to drive market growth of harmonic filters industry during the forecast period. Growing significance of power quality and need to increase energy efficiency has triggered the growth of harmonic filters market. The ever increasing demand for protection equipments drives the global world harmonic filter market. On the contrary, spreading awareness about advantages of harmonic filters remains a challenge for the companies.
World harmonic filter market is segmented on the basis of voltage range of the filter as low-voltage, medium-voltage and high-voltage harmonic filters. This segmentation is approved by Institute of Electrical and Electronics Engineers (IEEE). Most of the applications of harmonic filters are in commercial sectors where the primary loads are either computers or three-phase adjustable drivers. Harmonic filters are generally needed in commercial sectors, where the primary loads are either of computers or three-phase adjustable drivers.
Growth in Asia Pacific, Latin America and Rest of the World is propelling global harmonic filters market. North America continues to be a dominant market for harmonic filters industry. The key manufacturers of harmonic filter include Zhangzhou Kehua Technology Co. Ltd., Anhui Tongfeng Electronics Co. Ltd., Ablerex Electronics Co. Ltd., and Shanghai Eagtop Electronic Technology Co. Ltd. among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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