Rising demand for power quality across different verticals such as automotives, industrial, oil and gas, and IT and data center among others is the key factor driving the market. In addition, increasing use of non-linear loads, such as variable frequency drives producing harmonics in commercial as well as industrial applications is expected to aid the growth of harmonic filters across the globe.
Albany, NY -- (SBWIRE) -- 12/09/2015 -- Harmonics in an electrical system/equipment occur due to fluctuations in the current or voltage. The propagation of harmonic frequencies in the electrical system is frequent cause of power quality problems. Harmonic causes heating in the system, torque fluctuations and misfiring in variable speed drives. Thus, in order to ensure optimum power quality, complete suppression of harmonics is a critical consideration. The growing need for ensuring power quality coupled with increasing use of non-linear loads such as variable frequency drives producing harmonics is driving the harmonic filter market.
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This report provides strategic analysis of the global harmonic filter market, and the market growth forecast for the period 2014 to 2020. The scope of the report includes competitive analysis of various market segments based on the types, voltage level, end-use industries and in-depth cross sectional scrutiny of the harmonic filter market across different geographic segments. To aid in strategic decision making, the report also includes competitive profiling of leading players in the industry, their market share, various business winning strategies adopted by them, and recent developments. The value chain analysis included in the report provides information on the raw material suppliers, manufacturers, service providers, and distributors of harmonic filters. The market attractiveness analysis and Porter's Five Forces analysis included in the report provide insight into market dynamics, industry competition, and most profitable segments in harmonic filter market. The harmonic filter market is segmented on the basis of type, voltage level, end-use, and geography. On the basis of voltage level, the harmonic filter market is segmented into low voltage harmonic filters, medium voltage harmonic filters, and high voltage harmonic filters. The market revenue and forecast for different voltage level harmonic filters has been provided for the period 2012 to 2020 in terms of USD million, along with the CAGR for the forecast period 2014 to 2020. The types of harmonic filters studied in the report include passive harmonic filters and active harmonic filters.
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This section provides the historical revenue sales for 2012 and 2013 along with the forecast for the period 2014 to 2020. Each of these segments provides market size and forecast for the period 2012- 2020, highlighting key, influencing, and challenging factors for that segment. The end-use industries covered under this report include automotives, manufacturing, metal processing, pulp and paper, IT and data center, oil and gas, and water treatment among others. The regional market analysis gives in-depth analysis of the current trends prevailing in different regions including North America, Europe, Asia Pacific, and Rest of the World (RoW) countries.
The report also provides breakdown and review of various factors affecting the market growth, which are appropriately described as market drivers, restraints, and opportunities. These factors determine various existing trends and their impact on market growth. In all, the report includes a holistic analysis of the global harmonic filter market, and provides an estimate of growth for the period 2014 to 2020, keeping in mind the various factors affecting the market.
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