Rising demand for power quality across different verticals such as industrial, automotives, IT and data center, and oil and gas among others is the major factor driving the market in India.
Albany, NY -- (SBWIRE) -- 12/09/2015 -- The market research report on the India harmonic filter market talks about the two types of harmonic filters and their varied applications. As per the report, the India harmonic filter market is anticipating significant growth due to the extensive demand from the IT sector and data centers, which offer potential opportunities for major companies in the India harmonic filter market.
The market has been classified on the basis of product type, voltage level, and the various applications of harmonic filters. The report makes use of analytical tools such as SWOT analysis, value chain analysis, and Porter's five forces analysis to analyze the India harmonic filter market. The report also specifies the current market trends and presents the forecast between 2013 and 2019, including the potential impact of market drivers and restrains.
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The strategic recommendations and inputs provided in the report will help market players understand the present and future trends in the India harmonic filter market and design their strategies accordingly to gain competitive advantage.
Overview of the India harmonic filter market
Harmonics occur in an electrical power system due to fluctuations in current or voltage levels. Harmonic fluctuations in the power system are a frequent cause of power quality issues and its proliferation severely disrupts the working of the whole system.
Among the two types of harmonic filters, passive filters dominated the Indian market in 2012; however, the demand for active filters is expected to rise in the forecast period. Moreover, the harmonic filters market offers products operating on different voltage levels such as low, medium, and high. Among these, low voltage harmonic filters are widely used in the present scenario; nevertheless, the demand for high and medium voltage harmonic filters is anticipated to rise in the near future.
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Moreover, the rising need for power quality is crucial as there is significant shortage of power in India. As a result, the demand for harmonic filters is increasing for the purpose of harmonic suppression across varied industries such as oil and gas, manufacturing, and automotive. In addition, the enforcement of penalties by utilities and rigid regulations set by the government regarding the maintenance of harmonic levels in numerous industries are anticipated to propel the demand in the near future.
The major factors driving the India harmonic filter market are the increasing demand for power quality in numerous industries and increased utilization of harmonic mitigation in different frequency drives. The growth of the power sector is also boosting the harmonic filter market in India. However, factors such as low product differentiation, high cost of harmonic filters, and easy availability of substitutes are expected to hold back the growth of the India harmonic filter market in the near future.
As per the research report, the India harmonic filter market is expected to reach 188.5 million by the end of 2019, exhibiting progressive 12.8% CAGR through the forecast period.
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Companies mentioned in the research report
The market research report has presented an in-depth analysis of the companies operating in the India harmonic filter market. Some of the prominent players operating in the Indian harmonic filter market include Schaffner Group, ABB India Ltd., Schneider Electric India, Neowatt Power Solutions Co. Pvt. Ltd., and Emerson Network Power (India) Pvt. Ltd.
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