Albany, NY -- (SBWIRE) -- 11/20/2017 -- According to a new market report "Harmonic Filters Market in India - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" published by Transparency Market Research, the India harmonic filters market is forecast to reach USD 188.5 million by 2019. Some of the factors responsible for growth of harmonic filter market are increasing use for harmonic mitigation in variable frequency drives and rising demand for power quality across different industries. The growth of the power sector is further supporting the harmonic filter market in India.
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India Harmonic Filter market was valued at USD 81.1 million in 2012. The market revenue is anticipated to grow at a CAGR of 12.8% from 2013 to 2019. The market is segmented by type into active and passive filters. Among these filter types; passive filters dominated the market, accounting for majority of market revenue share in 2012.
However, active filters are expected to grow in the coming years owing to increasing awareness related to the benefits of using active filters over passive filters to achieve higher harmonic mitigation. In addition, another major factor that governs the purchase of harmonic filter is the suitable voltage level.
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Harmonic filters are available for low voltage, medium voltage and high voltage applications. Low voltage harmonic filters are used majorly in the current scenario. However, the demand for medium and high voltage is expected to increase during the forecast period.
Harmonic filters find their application across majority of the end use sectors. Some of the major application segments include industrial, IT and data center, automotive and oil & gas industry. Among these applications highest revenue was contributed by the industrial sector in 2012 owing to excessive use of harmonic filters for harmonic correction in drives.
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Amongst the other application sectors, IT and data center and automotive applications are major applications and these applications are expected to expand their market share in the coming years with an expected increase in the consumer awareness.
Some of the key players for the harmonic filters market in India include ABB India Ltd., Schneider Electric India, Emerson Network Power (India) Pvt. Ltd., Schaffner Group, and Neowatt Power Solutions Co. Pvt. Ltd. among others.
This report analyzes the India harmonic filters market in terms of revenue (USD million). The market has been segmented as follows:
Harmonic filter market in India, by Type:
Active Harmonic Filter
Passive Harmonic Filter
Harmonic filter market in India, by Voltage Level:
Low voltage
Medium voltage
High voltage