Global Harmonic Filters Market, Forecast to 2024

Global Harmonic Filters Market, Forecast to 2024

Efficient Power Quality Driving the Demand for Harmonic Filters

RELEASE DATE
16-Nov-2018
REGION
Global
Research Code: K291-01-00-00-00
SKU: EG01938-GL-MR_22560

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Description

A harmonic filter is used to eliminate the harmonic distortion caused by electrical appliances. The role of harmonic filter is critical of the commercial and industrial sector as it can cause malfunctioning of the system, leading to downtimes and increases in operating costs. With latest technological advances and upgrades of infrastructural reforms in regions such as Asia-Pacific (APAC), Latin America, Middle East, and Africa, harmonic filters have become established as tools for mitigating harmonic distortions. The market for harmonic filters is primarily driven by increasing availability and adoption of variable frequency drives (VFDs), especially in North America. It is poised for growth with the implementation of regulatory standards and legislative policies in the industrial and commercial sector.

The need for efficient power quality has driven the customer demand for effective power solution equipment. Moreover, the development of industrial and commercial sectors in the APAC region has created growth opportunities for harmonic filters. With the revival in the global economy and revenue growth in the region, the harmonic filters market is expected to grow at a steady rate. In Europe, end users are still reluctant to spend on filters as they have minimal demand for better power quality. However, with numerous renewable energy plants coming on stream, the uptake of harmonic filters in the region expected to grow.

In Latin America, the presence of numerous local markets for manufacturing harmonic filters and the region’s own proximity to North America has created a very good opportunity for the growth of the harmonic filters market. The markets in the region have a relative advantage in regard to the adoption of new technologies for mitigating harmonic distortion issues. The demand for effective power quality systems and equipment such as harmonic filters is poised to grow in the emerging Rest of World (RoW) economies such as Middle East and Africa. These regions are heavily populated with oil & gas industries where harmonic distortions are extreme and harmonic mitigation equipment are essential. The requirement for efficient power quality systems to mitigate energy and heat losses due to harmonics has created a demand for devices to mitigate harmonics. With proper guidelines for following regulatory policies and legislations, the RoW market is expected to grow at a steady rate. Lucrative growth opportunities have been identified in regions such as APAC, Latin America, and RoW. Growth in demand for efficient power quality from industrial and commercial sectors, along with infrastructural reforms, will create growth opportunities for harmonic filters in these emerging economies.

Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Market Definitions

Market Segmentation

Market Distribution Channels

Market Engineering Measurements

Revenue Forecast

Percent Revenue Forecast by Region

Revenue Forecast by Region

Regional Trends

Percent Revenue Forecast by Voltage

Revenue Forecast by Voltage

Percent Revenue Forecast by Technology

Revenue Forecast by Technology

Percent Revenue Forecast by Vertical Market

Revenue Forecast by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Competitive Factors and Assessment

Growth Opportunity 1—Geographical Expansion

Growth Opportunity 2—Renewable Energy and Power Systems

Strategic Imperatives for Success and Growth

Low Voltage Harmonic Filters Segment—Key Findings

Low Voltage Harmonic Filters Segment—Market Engineering Measurements

Low Voltage Harmonic Filters Segment—Revenue Forecast

Low Voltage Harmonic Filters Segment—Revenue Forecast by Vertical Market

Low Voltage Harmonic Filters Segment—Revenue Forecast by Technology

Low Voltage Harmonic Filters Segment—Percent Revenue Forecast by Region

Low Voltage Harmonic Filters Segment—Revenue Forecast by Region

Low Voltage Harmonic Filters Segment—Market Share

Low Voltage Harmonic Filters Segment—Market Share Analysis

Low Voltage Harmonic Filters Segment—Active Filters Market Share

Low Voltage Harmonic Filters Segment—Passive Filters Market Share

Low Voltage Harmonic Filters Segment—Competitive Environment

Low Voltage Harmonic Filters Segment—Competitive Factors and Assessment

North America Breakdown

North American Low Voltage Harmonic Filters Segment—Revenue Forecast

Europe Breakdown

European Low Voltage Harmonic Filters Segment—Revenue Forecast

APAC Breakdown

APAC Low Voltage Harmonic Filters Segment—Revenue Forecast

Latin America Breakdown

Latin American Low Voltage Harmonic Filters Segment—Revenue Forecast

RoW Breakdown

RoW Low Voltage Harmonic Filters Segment—Revenue Forecast

3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies

Partial List of Companies Interviewed

Abbreviations and Acronyms Used

List of Exhibits

List of Figures
  • 1. Total Harmonic Filters Market: Key Market Drivers, Global, 2018–2024
  • 2. Total Harmonic Filters Market: Regulatory Standards by Region, Global, 2017
  • 3. Total Harmonic Filters Market: Key Market Restraints, Global, 2018–2024
  • 4. Total Harmonic Filters Market: Market Engineering Measurements, Global, 2017
  • 5. Total Harmonic Filters Market: Revenue Forecast by Region, Global, 2014–2024
  • 6. Total Harmonic Filters Market: Revenue Forecast by Voltage, Global, 2014–2024
  • 7. Total Harmonic Filters Market: Revenue Forecast by Technology, Global, 2014–2024
  • 8. Total Harmonic Filters Market: Revenue Forecast by Vertical Market, Global, 2014–2024
  • 9. Total Harmonic Filters Market: Market Share Analysis of Top 5 Participants, Global, 2017
  • 10. Total Harmonic Filters Market: Competitive Structure, Global, 2017
  • 11. Low Voltage Harmonic Filters Segment: Market Engineering Measurements, Global, 2017
  • 12. Low Harmonic Filters Segment: Revenue Forecast by Region, Global, 2014–2024
  • 13. Low Voltage Harmonic Filters Segment: Market Share Analysis of Top 5 Participants, Global, 2017
  • 14. Low Voltage Harmonic Filters Segment: Competitive Structure, Global, 2017
  • 15. Medium Voltage Harmonic Filters Market: Market Engineering Measurements, Global, 2017
  • 16. Medium Voltage Harmonic Filters Segment: Revenue Forecast by Region, Global, 2014–2024
  • 17. Medium Voltage Harmonic Filters Segment: Market Share Analysis of Top 5 Participants, Global, 2017
  • 18. Medium Voltage Harmonic Filters Segment: Competitive Structure, Global, 2017
  • 19. High Voltage Harmonic Filters Segment: Market Engineering Measurements, Global, 2017
  • 20. High Voltage Harmonic Filters Segment: Revenue Forecast by Region, Global, 2014–2024
  • 21. High Voltage Harmonic Filters Segment: Percent of Sales, Global, 2017
  • 22. High Voltage Harmonic Filters Segment: Competitive Structure, Global, 2017
List of Charts
  • 1. Total Harmonic Filters Market: Market Engineering Measurements, Global , 2017
  • 2. Total Harmonic Filters Market: Percent Revenue Breakdown, Global , 2017
  • 3. Total Harmonic Filters Market: Distribution Channel Analysis, Global , 2017
  • 4. Total Harmonic Filters Market: Renewable Generation Capacity by Energy Source, Global, 2017
  • 5. Total Harmonic Filters Market: Revenue Forecast, Global, 2014–2024
  • 6. Total Harmonic Filters Market: Percent Revenue Forecast by Region, Global, 2014–2024
  • 7. Total Harmonic Filters Market: Key Market Trends by Region, Global, 2017
  • 8. Total Harmonic Filters Market: Percent Revenue Forecast by Voltage, Global, 2014–2024
  • 9. Total Harmonic Filters Market: Percent Revenue Forecast by Technology, Global, 2014–2024
  • 10. Total Harmonic Filters Market: Percent Revenue Forecast by Vertical Market, Global, 2014–2024
  • 11. Total Harmonic Filters Market: Percent Revenue Breakdown, Global, 2017
  • 12. Total Harmonic Filters Market: Competitive Landscape, Global, 2017
  • 13. Total Harmonic Filters Market: Percent Sales Breakdown, Global, 2017
  • 14. Low Voltage Harmonic Filters Segment: Revenue Forecast, Global, 2014–2024
  • 15. Low Voltage Harmonic Filters Segment: Revenue Forecast by Vertical Market, Global, 2014–2024
  • 16. Low Voltage Harmonic Filters Segment: Revenue Forecast by Technology, Global, 2014–2024
  • 17. Low Voltage Harmonic Filters Segment: Percent Revenue Forecast by Region, Global, 2014–2024
  • 18. Low Voltage Harmonic Filters Segment: Percent Revenue Share by Company, Global, 2017
  • 19. Low Voltage Active Harmonic Filters Segment: Percent of Sales, Global, 2017
  • 20. Low Voltage Passive Harmonic Filters Segment: Percent of Sales, Global, 2017
  • 21. Low Voltage Harmonic Filters Segment: Revenue Forecast, North America, 2014–2024
  • 22. Low Voltage Harmonic Filters Segment: Revenue Forecast, Europe, 2014–2024
  • 23. Low Voltage Harmonic Filters Segment: Revenue Forecast, APAC, 2014–2024
  • 24. Low Voltage Harmonic Filters Segment: Revenue Forecast, Latin America, 2014–2024
  • 25. Low Voltage Harmonic Filters Segment: Revenue Forecast, RoW, 2014–2024
  • 26. Total Harmonic Filters Market: Percent Sales Breakdown, Global, 2017
  • 27. Medium Voltage Harmonic Filters Segment: Revenue Forecast, Global, 2014–2024
  • 28. Medium Voltage Harmonic Filters Segment: Revenue Forecast by Vertical Market, Global, 2014–2024
  • 29. Medium Voltage Harmonic Filters Segment: Revenue Forecast by Technology, Global, 2014–2024
  • 30. Medium Voltage Harmonic Filters Segment: Percent Revenue Forecast by Region, Global, 2014–2024
  • 31. Medium Voltage Harmonic Filters Segment: Percent Revenue Share by Company, Global, 2017
  • 32. Medium Voltage Active Harmonic Filters Segment: Percent of Sales, Global, 2017
  • 33. Medium Voltage Passive Harmonic Filters Segment: Percent of Sales, Global, 2017
  • 34. Medium Voltage Harmonic Filters Segment: Revenue Forecast, North America, 2014–2024
  • 35. Medium Voltage Harmonic Filters Segment: Revenue Forecast, Europe, 2014–2024
  • 36. Medium Voltage Harmonic Filters Segment: Revenue Forecast, APAC, 2014–2024
  • 37. Medium Voltage Harmonic Filters Segment: Revenue Forecast, Latin America, 2014–2024
  • 38. Medium Voltage Harmonic Filters Segment: Revenue Forecast, RoW, 2014–2024
  • 39. Total Harmonic Filter Market: Percent Sales Breakdown, Global, 2017
  • 40. High Voltage Harmonic Filters Segment: Revenue Forecast, Global, 2014–2024
  • 41. High Voltage Harmonic Filters Segment: Revenue Forecast by Vertical Market, Global, 2014–2024
  • 42. High Voltage Harmonic Filters Segment: Revenue Forecast by Technology, Global, 2014–2024
  • 43. High Voltage Harmonic Filters Segment: Percent Revenue Forecast by Region, Global, 2014–2024
  • 44. High Voltage Harmonic Filters Segment: Percent Revenue Share by Company, Global, 2017
  • 45. High Voltage Active Harmonic Filters Segment: Company Market Share by Revenue, Global, 2017
  • 46. High Voltage Passive Harmonic Filters Segment: Company Market Share by Revenue, Global, 2017
  • 47. High Voltage Harmonic Filters Segment: Revenue Forecast, North America, 2014–2024
  • 48. High Voltage Harmonic Filters Segment: Revenue Forecast, Europe, 2014–2024
  • 49. High Voltage Harmonic Filters Segment: Revenue Forecast, APAC, 2014–2024
  • 50. High Voltage Harmonic Filters Segment: Revenue Forecast, Latin America, 2014–2024
  • 51. High Voltage Harmonic Filters Segment: Revenue Forecast, RoW, 2014–2024
Related Research
A harmonic filter is used to eliminate the harmonic distortion caused by electrical appliances. The role of harmonic filter is critical of the commercial and industrial sector as it can cause malfunctioning of the system, leading to downtimes and increases in operating costs. With latest technological advances and upgrades of infrastructural reforms in regions such as Asia-Pacific (APAC), Latin America, Middle East, and Africa, harmonic filters have become established as tools for mitigating harmonic distortions. The market for harmonic filters is primarily driven by increasing availability and adoption of variable frequency drives (VFDs), especially in North America. It is poised for growth with the implementation of regulatory standards and legislative policies in the industrial and commercial sector. The need for efficient power quality has driven the customer demand for effective power solution equipment. Moreover, the development of industrial and commercial sectors in the APAC region has created growth opportunities for harmonic filters. With the revival in the global economy and revenue growth in the region, the harmonic filters market is expected to grow at a steady rate. In Europe, end users are still reluctant to spend on filters as they have minimal demand for better power quality. However, with numerous renewable energy plants coming on stream, the uptake of harmonic filters in the region expected to grow. In Latin America, the presence of numerous local markets for manufacturing harmonic filters and the region’s own proximity to North America has created a very good opportunity for the growth of the harmonic filters market. The markets in the region have a relative advantage in regard to the adoption of new technologies for mitigating harmonic distortion issues. The demand for effective power quality systems and equipment such as harmonic filters is poised to grow in the emerging Rest of World (RoW) economies such as Middle East and Africa. These regi
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Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Market Definitions~ || Market Segmentation~ || Market Distribution Channels~ | Drivers and Restraints—Total Harmonic Filters Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Harmonic Filters Market~ || Market Engineering Measurements~ || Revenue Forecast~ || Percent Revenue Forecast by Region~ || Revenue Forecast by Region~ || Regional Trends~ || Percent Revenue Forecast by Voltage~ || Revenue Forecast by Voltage~ || Percent Revenue Forecast by Technology~ || Revenue Forecast by Technology~ || Percent Revenue Forecast by Vertical Market~ || Revenue Forecast by Vertical Market~ | Market Share and Competitive Analysis—Total Harmonic Filters Market~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ || Competitive Factors and Assessment~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Geographical Expansion~ || Growth Opportunity 2—Renewable Energy and Power Systems~ || Strategic Imperatives for Success and Growth~ | Low Voltage Harmonic Filters Segment Breakdown~ || Low Voltage Harmonic Filters Segment—Key Findings~ || Low Voltage Harmonic Filters Segment—Market Engineering Measurements~ || Low Voltage Harmonic Filters Segment—Revenue Forecast~ || Low Voltage Harmonic Filters Segment—Revenue Forecast by Vertical Market~ || Low Voltage Harmonic Filters Segment—Revenue Forecast by Technology~ || Low Voltage Harmonic Filters Segment—Percent Revenue Forecast by Region~ || Low Voltage Harmonic Filters Segment—Revenue Forecast by Region~ || Low Voltage Harmonic Filters Segment—Market Share~ || Low Voltage Harmonic Filters Segment—Market Share Analysis~ || Low Voltage Harmonic Filters Segment—Active Filters Market Share~ || Low Voltage Harmonic Filters Segment—Passive Filters Market Share~ || Low Voltage Harmonic Filters Segment—Competitive Environment~ || Low Voltage Harmonic Filters Segment—Competitive Factors and Assessment~ | North America Breakdown~ || North America Breakdown~ || North American Low Voltage Harmonic Filters Segment—Revenue Forecast~ | Europe Breakdown~ || Europe Breakdown~ || European Low Voltage Harmonic Filters Segment—Revenue Forecast~ | APAC Breakdown~ || APAC Breakdown~ || APAC Low Voltage Harmonic Filters Segment—Revenue Forecast~ | Latin America Breakdown~ || Latin America Breakdown~ || Latin American Low Voltage Harmonic Filters Segment—Revenue Forecast~ | RoW Breakdown~ || RoW Breakdown~ || RoW Low Voltage Harmonic Filters Segment—Revenue Forecast~ | Medium Voltage Harmonic Filters Segment Breakdown~ | North America Breakdown~ | Europe Breakdown~ | APAC Breakdown~ | Latin America Breakdown~ | RoW Breakdown~ | High Voltage Harmonic Filters Segment Breakdown~ | North America Breakdown~ | Europe Breakdown~ | APAC Breakdown~ | Latin America Breakdown~ | RoW Breakdown~ | The Last Word~ || 3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Companies~ || Partial List of Companies Interviewed~ || Abbreviations and Acronyms Used~ || List of Exhibits~
Predecessor NBCE-01-00-00-00
List of Charts and Figures 1. Total Harmonic Filters Market: Key Market Drivers, Global, 2018–2024~ 2. Total Harmonic Filters Market: Regulatory Standards by Region, Global, 2017~ 3. Total Harmonic Filters Market: Key Market Restraints, Global, 2018–2024~ 4. Total Harmonic Filters Market: Market Engineering Measurements, Global, 2017~ 5. Total Harmonic Filters Market: Revenue Forecast by Region, Global, 2014–2024~ 6. Total Harmonic Filters Market: Revenue Forecast by Voltage, Global, 2014–2024~ 7. Total Harmonic Filters Market: Revenue Forecast by Technology, Global, 2014–2024~ 8. Total Harmonic Filters Market: Revenue Forecast by Vertical Market, Global, 2014–2024~ 9. Total Harmonic Filters Market: Market Share Analysis of Top 5 Participants, Global, 2017~ 10. Total Harmonic Filters Market: Competitive Structure, Global, 2017~ 11. Low Voltage Harmonic Filters Segment: Market Engineering Measurements, Global, 2017~ 12. Low Harmonic Filters Segment: Revenue Forecast by Region, Global, 2014–2024~ 13. Low Voltage Harmonic Filters Segment: Market Share Analysis of Top 5 Participants, Global, 2017~ 14. Low Voltage Harmonic Filters Segment: Competitive Structure, Global, 2017~ 15. Medium Voltage Harmonic Filters Market: Market Engineering Measurements, Global, 2017~ 16. Medium Voltage Harmonic Filters Segment: Revenue Forecast by Region, Global, 2014–2024~ 17. Medium Voltage Harmonic Filters Segment: Market Share Analysis of Top 5 Participants, Global, 2017~ 18. Medium Voltage Harmonic Filters Segment: Competitive Structure, Global, 2017~ 19. High Voltage Harmonic Filters Segment: Market Engineering Measurements, Global, 2017~ 20. High Voltage Harmonic Filters Segment: Revenue Forecast by Region, Global, 2014–2024~ 21. High Voltage Harmonic Filters Segment: Percent of Sales, Global, 2017~ 22. High Voltage Harmonic Filters Segment: Competitive Structure, Global, 2017~| 1. Total Harmonic Filters Market: Market Engineering Measurements, Global , 2017~ 2. Total Harmonic Filters Market: Percent Revenue Breakdown, Global , 2017~ 3. Total Harmonic Filters Market: Distribution Channel Analysis, Global , 2017~ 4. Total Harmonic Filters Market: Renewable Generation Capacity by Energy Source, Global, 2017~ 5. Total Harmonic Filters Market: Revenue Forecast, Global, 2014–2024~ 6. Total Harmonic Filters Market: Percent Revenue Forecast by Region, Global, 2014–2024~ 7. Total Harmonic Filters Market: Key Market Trends by Region, Global, 2017~ 8. Total Harmonic Filters Market: Percent Revenue Forecast by Voltage, Global, 2014–2024~ 9. Total Harmonic Filters Market: Percent Revenue Forecast by Technology, Global, 2014–2024~ 10. Total Harmonic Filters Market: Percent Revenue Forecast by Vertical Market, Global, 2014–2024~ 11. Total Harmonic Filters Market: Percent Revenue Breakdown, Global, 2017~ 12. Total Harmonic Filters Market: Competitive Landscape, Global, 2017~ 13. Total Harmonic Filters Market: Percent Sales Breakdown, Global, 2017~ 14. Low Voltage Harmonic Filters Segment: Revenue Forecast, Global, 2014–2024~ 15. Low Voltage Harmonic Filters Segment: Revenue Forecast by Vertical Market, Global, 2014–2024~ 16. Low Voltage Harmonic Filters Segment: Revenue Forecast by Technology, Global, 2014–2024~ 17. Low Voltage Harmonic Filters Segment: Percent Revenue Forecast by Region, Global, 2014–2024~ 18. Low Voltage Harmonic Filters Segment: Percent Revenue Share by Company, Global, 2017~ 19. Low Voltage Active Harmonic Filters Segment: Percent of Sales, Global, 2017~ 20. Low Voltage Passive Harmonic Filters Segment: Percent of Sales, Global, 2017~ 21. Low Voltage Harmonic Filters Segment: Revenue Forecast, North America, 2014–2024~ 22. Low Voltage Harmonic Filters Segment: Revenue Forecast, Europe, 2014–2024~ 23. Low Voltage Harmonic Filters Segment: Revenue Forecast, APAC, 2014–2024~ 24. Low Voltage Harmonic Filters Segment: Revenue Forecast, Latin America, 2014–2024~ 25. Low Voltage Harmonic Filters Segment: Revenue Forecast, RoW, 2014–2024~ 26. Total Harmonic Filters Market: Percent Sales Breakdown, Global, 2017~ 27. Medium Voltage Harmonic Filters Segment: Revenue Forecast, Global, 2014–2024~ 28. Medium Voltage Harmonic Filters Segment: Revenue Forecast by Vertical Market, Global, 2014–2024~ 29. Medium Voltage Harmonic Filters Segment: Revenue Forecast by Technology, Global, 2014–2024~ 30. Medium Voltage Harmonic Filters Segment: Percent Revenue Forecast by Region, Global, 2014–2024~ 31. Medium Voltage Harmonic Filters Segment: Percent Revenue Share by Company, Global, 2017~ 32. Medium Voltage Active Harmonic Filters Segment: Percent of Sales, Global, 2017~ 33. Medium Voltage Passive Harmonic Filters Segment: Percent of Sales, Global, 2017~ 34. Medium Voltage Harmonic Filters Segment: Revenue Forecast, North America, 2014–2024~ 35. Medium Voltage Harmonic Filters Segment: Revenue Forecast, Europe, 2014–2024~ 36. Medium Voltage Harmonic Filters Segment: Revenue Forecast, APAC, 2014–2024~ 37. Medium Voltage Harmonic Filters Segment: Revenue Forecast, Latin America, 2014–2024~ 38. Medium Voltage Harmonic Filters Segment: Revenue Forecast, RoW, 2014–2024~ 39. Total Harmonic Filter Market: Percent Sales Breakdown, Global, 2017~ 40. High Voltage Harmonic Filters Segment: Revenue Forecast, Global, 2014–2024~ 41. High Voltage Harmonic Filters Segment: Revenue Forecast by Vertical Market, Global, 2014–2024~ 42. High Voltage Harmonic Filters Segment: Revenue Forecast by Technology, Global, 2014–2024~ 43. High Voltage Harmonic Filters Segment: Percent Revenue Forecast by Region, Global, 2014–2024~ 44. High Voltage Harmonic Filters Segment: Percent Revenue Share by Company, Global, 2017~ 45. High Voltage Active Harmonic Filters Segment: Company Market Share by Revenue, Global, 2017~ 46. High Voltage Passive Harmonic Filters Segment: Company Market Share by Revenue, Global, 2017~ 47. High Voltage Harmonic Filters Segment: Revenue Forecast, North America, 2014–2024~ 48. High Voltage Harmonic Filters Segment: Revenue Forecast, Europe, 2014–2024~ 49. High Voltage Harmonic Filters Segment: Revenue Forecast, APAC, 2014–2024~ 50. High Voltage Harmonic Filters Segment: Revenue Forecast, Latin America, 2014–2024~ 51. High Voltage Harmonic Filters Segment: Revenue Forecast, RoW, 2014–2024~
Author Shubhuti Kiran Ghimire
Industries Energy
WIP Number K291-01-00-00-00
Is Prebook No
GPS Codes 9210,9597,9599,9AFF-A4,9B00-A4