Increasing need to ensure power quality is identified as the major factor driving the harmonic filter market worldwide. The use of harmonic filters has enabled manufacturers to reduce production down-time and operating costs. In addition, increasing use of variable frequency drives in industrial applications has been instrumental in driving harmonic filter installations across different industry verticals. These factors are expected to contribute towards the anticipated exponential growth during the forecast period 2022-2030. However, issues including lack of product differentiation and availability of substitutes pose moderate challenge to the market growth.
The report offers strategic insights into the global harmonic filter market along with the market size and estimates for the duration 2022 to 2030. The said research study covers in-depth analysis of multiple market segments based on type, voltage level, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
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Report Scope
This report analyzes the global harmonic filter marketin terms of type, voltage level, end-use application, and geography. On the basis of type, the global harmonic filter market is segmented in to passive harmonic filter, active harmonic filter, and hybrid active. Also, the global harmonic filter market is further segregated on the basis of voltage level into low voltage, medium voltage, and high voltage filters. Similarly, on the basis of end-use, the market for harmonic filter is classified into industrial, commercial, and residential. The geographical distribution of the global harmonic filter market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.The report offers strategic insights into the global harmonic filter market along with the market size and estimates for the duration 2022 to 2030. The said research study covers in-depth analysis of multiple market segments based on type, voltage level, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive sub-markets within the harmonic filter market
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Historic Quantitative Data (2020)
- SRC (Segment-Region-Country) Analysis
Historical & Forecast Period
This report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Harmonic Filter market are as follows:- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generated by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Harmonic Filter market and their expected impact during the forecast period.
- The market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
- Passive Harmonic Filter
- Active Harmonic Filter
- Hybrid Harmonic Filter
Voltage Level
- Low Voltage Harmonic Filter
- Medium Voltage Harmonic Filter
- High Voltage Harmonic Filter
End-use Application
- Industrial
- Commercial
- Residential
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Harmonic Filter market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Harmonic Filter market?
- Which is the largest regional market for Harmonic Filter market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Harmonic Filter market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Harmonic Filter market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Harmonic Filter Market
2.2. Global Harmonic Filter Market, by Type, 2021 (US$ Million)
2.3. Global Harmonic Filter Market, by Voltage Level, 2021 (US$ Million)
2.4. Global Harmonic Filter Market, by End-use Application, 2021 (US$ Million)
2.5. Global Harmonic Filter Market, by Geography, 2021 (US$ Million)
2.6. Impact of COVID-19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key Harmonic Filter Market Vendors
2.8.2. Strategies Adopted by Harmonic Filter Market Vendors
2.8.3. Key Industry Strategies
3. Harmonic Filter Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Harmonic Filter Market Value, 2020-2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Harmonic Filter Market: by Type, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Passive Harmonic Filter
4.3.2. Active Harmonic Filter
4.3.3. Hybrid Harmonic Filter
5. Harmonic Filter Market: by Voltage Level, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Low Voltage Harmonic Filter
5.3.2. Medium Voltage Harmonic Filter
5.3.3. High Voltage Harmonic Filter
6. Harmonic Filter Market: by End-use Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Residential
7. North America Harmonic Filter Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Harmonic Filter Market: by Type, 2020-2030, USD (Million)
7.3. Harmonic Filter Market: by Voltage Level, 2020-2030, USD (Million)
7.4. Harmonic Filter Market: by End-use Application, 2020-2030, USD (Million)
7.5. Harmonic Filter Market: by Region, 2020-2030, USD (Million)
7.5.1. North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union Harmonic Filter Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Harmonic Filter Market: by Type, 2020-2030, USD (Million)
8.3. Harmonic Filter Market: by Voltage Level, 2020-2030, USD (Million)
8.4. Harmonic Filter Market: by End-use Application, 2020-2030, USD (Million)
8.5. Harmonic Filter Market: by Region, 2020-2030, USD (Million)
8.5.1. UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific Harmonic Filter Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Harmonic Filter Market: by Type, 2020-2030, USD (Million)
9.3. Harmonic Filter Market: by Voltage Level, 2020-2030, USD (Million)
9.4. Harmonic Filter Market: by End-use Application, 2020-2030, USD (Million)
9.5. Harmonic Filter Market: by Region, 2020-2030, USD (Million)
9.5.1. Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America Harmonic Filter Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Harmonic Filter Market: by Type, 2020-2030, USD (Million)
10.3. Harmonic Filter Market: by Voltage Level, 2020-2030, USD (Million)
10.4. Harmonic Filter Market: by End-use Application, 2020-2030, USD (Million)
10.5. Harmonic Filter Market: by Region, 2020-2030, USD (Million)
10.5.1. Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa Harmonic Filter Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Harmonic Filter Market: by Type, 2020-2030, USD (Million)
11.3. Harmonic Filter Market: by Voltage Level, 2020-2030, USD (Million)
11.4. Harmonic Filter Market: by End-use Application, 2020-2030, USD (Million)
11.5. Harmonic Filter Market: by Region, 2020-2030, USD (Million)
11.5.1. Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profiles
12.1. ABB Ltd.E
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Baron Power Ltd.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Comsys AB.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Crompton Greaves Ltd
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Emerson Network Power
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Epcos AG
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Janitza Electronics GmbH
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. MTE Corporation
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Siemens AG
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Schaffner Holding AG
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. Schneider Electric SE
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic InitiativesList of Figures
Figure 1. Global Harmonic Filter Market: Market Coverage
Figure 2. Research Methodology and Data Sources
Figure 3. Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4. Global Harmonic Filter Market: Quality Assurance
Figure 5. Global Harmonic Filter Market, By Type, 2021
Figure 6. Global Harmonic Filter Market, By Voltage Level, 2021
Figure 7. Global Harmonic Filter Market, By End-use Application, 2021
Figure 8. Global Harmonic Filter Market, By Geography, 2021
Figure 9. Global Harmonic Filter Market, By Type, 2021 vs 2030, %
Figure 10. Global Harmonic Filter Market, By Voltage Level, 2021 vs 2030, %
Figure 11. Global Harmonic Filter Market, By End-use Application, 2021 vs 2030, %
Figure 12. U.S. Harmonic Filter Market (US$ Million), 2020-2030
Figure 13. Canada Harmonic Filter Market (US$ Million), 2020-2030
Figure 14. Rest of North America Harmonic Filter Market (US$ Million), 2020-2030
Figure 15. UK Harmonic Filter Market (US$ Million), 2020-2030
Figure 16. Germany Harmonic Filter Market (US$ Million), 2020-2030
Figure 17. Spain Harmonic Filter Market (US$ Million), 2020-2030
Figure 18. Italy Harmonic Filter Market (US$ Million), 2020-2030
Figure 19. France Harmonic Filter Market (US$ Million), 2020-2030
Figure 20. Rest of Europe Harmonic Filter Market (US$ Million), 2020-2030
Figure 21. China Harmonic Filter Market (US$ Million), 2020-2030
Figure 22. Japan Harmonic Filter Market (US$ Million), 2020-2030
Figure 23. India Harmonic Filter Market (US$ Million), 2020-2030
Figure 24. Australia Harmonic Filter Market (US$ Million), 2020-2030
Figure 25. South Korea Harmonic Filter Market (US$ Million), 2020-2030
Figure 26. Rest of Asia Harmonic Filter Market (US$ Million), 2020-2030
Figure 27. Brazil Harmonic Filter Market (US$ Million), 2020-2030
Figure 28. Mexico Harmonic Filter Market (US$ Million), 2020-2030
Figure 29. Rest of Latin America Harmonic Filter Market (US$ Million), 2020-2030
Figure 30. GCC Harmonic Filter Market (US$ Million), 2020-2030
Figure 31. Africa Harmonic Filter Market (US$ Million), 2020-2030
Figure 32. Rest of Middle East and Africa Harmonic Filter Market (US$ Million), 2020-2030List of Tables
Table 1 Global Harmonic Filter Market by Type, 2020-2030, USD (Million)
Table 2 Global Harmonic Filter Market by Voltage Level, 2020-2030, USD (Million)
Table 3 Global Harmonic Filter Market by End-use Application, 2020-2030, USD (Million)
Table 4 North America Harmonic Filter Market by Type, 2020-2030, USD (Million)
Table 5 North America Harmonic Filter Market by Voltage Level, 2020-2030, USD (Million)
Table 6 North America Harmonic Filter Market by End-use Application, 2020-2030, USD (Million)
Table 7 UK and European Union Harmonic Filter Market by Type, 2020-2030, USD (Million)
Table 8 UK and European Union Harmonic Filter Market by Voltage Level, 2020-2030, USD (Million)
Table 9 UK and European Union Harmonic Filter Market by End-use Application, 2020-2030, USD (Million)
Table 10 Asia Pacific Harmonic Filter Market by Type, 2020-2030, USD (Million)
Table 11 Asia Pacific Harmonic Filter Market by Voltage Level, 2020-2030, USD (Million)
Table 12 Asia Pacific Harmonic Filter Market by End-use Application, 2020-2030, USD (Million)
Table 13 Latin America Harmonic Filter Market by Type, 2020-2030, USD (Million)
Table 14 Latin America Harmonic Filter Market by Voltage Level, 2020-2030, USD (Million)
Table 15 Latin America Harmonic Filter Market by End-use Application, 2020-2030, USD (Million)
Table 16 Middle East and Africa Harmonic Filter Market by Type, 2020-2030, USD (Million)
Table 17 Middle East and Africa Harmonic Filter Market by Voltage Level, 2020-2030, USD (Million)
Table 18 Middle East and Africa Harmonic Filter Market by End-use Application, 2020-2030, USD (Million)
Companies Mentioned
- ABB Ltd.
- Baron Power Ltd.
- Comsys AB.
- Crompton Greaves Ltd
- Emerson Network Power
- Epcos AG
- Janitza Electronics GmbH
- MTE Corporation
- Siemens AG
- Schaffner Holding AG
- Schneider Electric SE
