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Harmonic Filter Trends and Forecast
The future of the global harmonic filter market looks promising with opportunities in the low, medium, and high markets. The global harmonic filter market is expected to reach an estimated $1.8 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are growing adoption of variable frequency drives (VFDs) in the manufacturing industry, strict legal requirements for energy consumption, and application growth in the commercial and industrial domains.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Harmonic Filter by Segment
The study includes a forecast for the global harmonic filter by voltage, phase, product, end use, and region.
Harmonic Filter Market by Voltage [Shipment Analysis by Value from 2018 to 2030]:
• Low
• Medium
• High
Harmonic Filter Market by Phase [Shipment Analysis by Value from 2018 to 2030]:
• Single
• Three
Harmonic Filter Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Passive
• Active
• Hybrid
Harmonic Filter Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Industrial
• Commercial
• Residential
• Others
Harmonic Filter Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Harmonic Filter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies harmonic filter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the harmonic filter companies profiled in this report include-
• ABB
• Schneider Electric
• Siemens
• Emerson Electric
• Danfoss
• Schaffner Holding
• TDK
• Eaton
• Comsys
• MTE
Harmonic Filter Market Insights
Lucintel forecasts that passive will remain the largest segment over the forecast period due to several industrial applications such as uninterruptible power supply (UPS) and VFDs for motors, rectifiers, transformers, and others.
APAC is expected to witness highest growth over the forecast period due to high use of harmonic filters in the energy and electricity and manufacturing sectors, particularly in developing nations like China and India.
Features of the Global Harmonic Filter Market
Market Size Estimates: Harmonic filter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Harmonic filter market size by various segments, such as by voltage, phase, product, end use, and region in terms of value ($B).
Regional Analysis: Harmonic filter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different voltage, phase, product, end use, and regions for the harmonic filter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the harmonic filter market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the harmonic filter market size?
Answer: The global harmonic filter market is expected to reach an estimated $1.8 billion by 2030.
Q.2 What is the growth forecast for harmonic filter market?
Answer: The global harmonic filter market is expected to grow with a CAGR of 6.9% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the harmonic filter market?
Answer: The major drivers for this market are growing adoption of variable frequency drives (VFDs) in the manufacturing industry, strict legal requirements for energy consumption, and application growth in the commercial and industrial domains.
Q4. What are the major segments for harmonic filter market?
Answer: The future of the global harmonic filter market looks promising with opportunities in the low, medium, and high markets.
Q5. Who are the key harmonic filter market companies?
Answer: Some of the key harmonic filter companies are as follows:
• ABB
• Schneider Electric
• Siemens
• Emerson Electric
• Danfoss
• Schaffner Holding
• TDK
• Eaton
• Comsys
• MTE
Q6. Which harmonic filter market segment will be the largest in future?
Answer: Lucintel forecasts that passive will remain the largest segment over the forecast period due to several industrial applications such as uninterruptible power supply (UPS) and VFDs for motors, rectifiers, transformers, and others.
Q7. In harmonic filter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high use of harmonic filters in the energy and electricity and manufacturing sectors, particularly in developing nations like China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the harmonic filter market by voltage (low, medium, and high), phase (single and three), product (passive, active, and hybrid), end use (industrial, commercial, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Harmonic Filter Market, Harmonic Filter Market Size, Harmonic Filter Market Growth, Harmonic Filter Market Analysis, Harmonic Filter Market Report, Harmonic Filter Market Share, Harmonic Filter Market Trends, Harmonic Filter Market Forecast, Harmonic Filter Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Harmonic Filter Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Harmonic Filter Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Harmonic Filter Market by Voltage
3.3.1: Low
3.3.2: Medium
3.3.3: High
3.4: Global Harmonic Filter Market by Phase
3.4.1: Single
3.4.2: Three
3.5: Global Harmonic Filter Market by Product
3.5.1: Passive
3.5.2: Active
3.5.3: Hybrid
3.6: Global Harmonic Filter Market by End Use
3.6.1: Industrial
3.6.2: Commercial
3.6.3: Residential
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Harmonic Filter Market by Region
4.2: North American Harmonic Filter Market
4.2.2: North American Harmonic Filter Market by Product: Passive, Active, and Hybrid
4.3: European Harmonic Filter Market
4.3.1: European Harmonic Filter Market by Voltage: Low, Medium, and High
4.3.2: European Harmonic Filter Market by Product: Passive, Active, and Hybrid
4.4: APAC Harmonic Filter Market
4.4.1: APAC Harmonic Filter Market by Voltage: Low, Medium, and High
4.4.2: APAC Harmonic Filter Market by Product: Passive, Active, and Hybrid
4.5: ROW Harmonic Filter Market
4.5.1: ROW Harmonic Filter Market by Voltage: Low, Medium, and High
4.5.2: ROW Harmonic Filter Market by Product: Passive, Active, and Hybrid
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Harmonic Filter Market by Voltage
6.1.2: Growth Opportunities for the Global Harmonic Filter Market by Phase
6.1.3: Growth Opportunities for the Global Harmonic Filter Market by Product
6.1.4: Growth Opportunities for the Global Harmonic Filter Market by End Use
6.1.5: Growth Opportunities for the Global Harmonic Filter Market by Region
6.2: Emerging Trends in the Global Harmonic Filter Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Harmonic Filter Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Harmonic Filter Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ABB
7.2: Schneider Electric
7.3: Siemens
7.4: Emerson Electric
7.5: Danfoss
7.6: Schaffner Holding
7.7: TDK
7.8: Eaton
7.9: Comsys
7.10: MTE
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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