Harmonic Filter Market - Global Industry Analysis

According to the report published by Zion Market Research, global demand for Harmonic Filter market was valued at approximately USD 920.2 Million in 2019, and is expected to generate revenue of around USD 1470.7 Million by end of 2026, growing at a CAGR of around 8.1% between 2020 and 2026.

Global Harmonic Filter Market: Overview

Harmonic filters are the equipment that lessens harmonics to tolerable proportions. These instruments are generally used to reduce harmonic distortion to the levels described extensively in IEEE 519 - the IEEE Recommended Practice and Requirements for Harmonic Control in Electrical Power Systems. Harmonic filters have the ability to resolve the issues across Oil & Gas, Wastewater, HVAC, and Mining industries. Furthermore, if issues pertaining to harmonic filters are not addressed, it can result in extensive damage to parts and downtime, or can result in penalties from utility service providers.

Global Harmonic Filter Market: Growth Factors

Lucrative demand for quality power distribution systems coupled with extensive application of variable frequency drives (VDF) for effective power transmission is forecast to spur harmonic filter market growth in near future. Growing use of the products in capacitor banks that are used in heating electrical applications is set to leverage the expansion of harmonic filter market in the forthcoming years. Apart from this, escalating knowledge about the potential damage as a result of power frequency oscillations in electrical and heating equipment is forecast to steer harmonic filter market revenue in the coming decade. In addition to this, widespread application of the product in commercial as well as industrial sectors including power converters, variable speed motor drives, fluorescent lamps, and light dimmers is anticipated to contribute notably towards harmonic filter market size in the forthcoming years.

However, lack of end user awareness about the product can inhibit the growth trajectory of harmonic filter market in the years to come.

Global Harmonic Filter Market: Segmentation

The global harmonic filter market can be divided based on filter type, voltage level, and end use industry. On the basis of filter type, the harmonic filter market is sub-segmented into active harmonic filters and passive harmonic filters. Based on the voltage level, the market is sectored into low voltage harmonic filters, high voltage harmonic filters, and medium voltage harmonic filters. On the basis of end use industry, the harmonic filter market is divided into Industrial, Oil & Gas, IT and Data Centres, and Automotive sectors.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Harmonic Filter Market: Regional Analysis

Based on regions, the global harmonic filter market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America harmonic filter market led the overall market demand in 2015 and is likely to record a lucrative expansion in the years ahead. The growth can be credited to escalating customer awareness along with enforcement of strict legislation governing the use of electrical equipment in North America.

Asia Pacific harmonic filter market is projected to witness a rapid growth over the estimated timeline.  The growth can be attributed to massive demand for the product in countries such as Japan, India, and China along with escalating application of harmonic filters witnessed in IT, automotive, and Oil & Gas sectors in the region. Furthermore, rising concerns over power tariffs & voltage variations are foreseen to accelerate the market scope in the years to come.

Europe harmonic filter market growth is projected to gain momentum during the estimated span, subject to strict enforcement of legislation governing power consumption along with immense need of high-quality power systems in the countries such as Germany, France and UK.

Global Harmonic Filter Market: Competitive Players

Some main participants of the Harmonic Filter market are Comsys AB ABB India Ltd., Baron Power Ltd, Siemens AG, Anhui Tongfeng Electronics Ltd., Eaton Corp., The Schaffner Group, Zhangzhou Kehua technology Co. Ltd, Danfoss A/S, TDK Corp., and Schneider Electric.

Harmonic Filter Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter 1.Preface
  • 1.1.Report Description
  • 1.1.Report Scope
• Chapter 2.Research Methodology
  • 2.1.Research Methodology
  • 2.2.Secondary Research
  • 2.3.Primary Research
  • 2.4.Models
    • 2.4.1.Company Share Analysis Model
    • 2.4.2.Revenue Based Modeling
  • 2.5.Research Limitations
• Chapter 3.Executive Summary
  • 3.1.Global Harmonic Filter Market, 2016 – 2026 (USD Million)
  • 3.2.Global Harmonic Filter Market: Snapshot
• Chapter 4.Harmonic Filter Market – Industry Analysis
  • 4.1.Introduction
  • 4.2.Market Drivers
    • 4.2.1.Driving Factor 1 Analysis
    • 4.2.2.Driving Factor 2 Analysis:
  • 4.3.Market Restraints
    • 4.3.1.Restraining Factor Analysis
  • 4.4.Market Opportunities
    • 4.4.1.Market Opportunity & Use-case Anaysis
    • 4.4.2.Use – Cases for Harmonic Filter
  • 4.5.Porter’s Five Forces Analysis
  • 4.6.COVID 19 Impact Analysis
    • 4.6.1.1.Impact on Product Development and Technology Adoption
    • 4.6.1.2.Gap Analysis

• Chapter 5.Investment Proposition Analysis
  • 5.1.Global Harmonic Filter Market Attractiveness, By Filter Type
  • 5.2.Global Harmonic Filter Market Attractiveness, By Vultage Level
  • 5.3.Global Harmonic Filter Market Attractiveness, By End Use Industry
  • 5.4.Global Harmonic Filter Market Attractiveness, By Region
• Chapter 6.Competitive Landscape
  • 6.1.Company Market Share Analysis - 2019
    • 6.1.1.Global Harmonic Filter Market: Company Market Share, 2019
  • 6.2.Strategic Developments
  • 7.1.Global Harmonic Filter Market Overview: by Filter Type
    • 7.1.1.Global Harmonic Filter Market Revenue Share, by Filter Type, 2019 & 2026
  • 7.2.Global Harmonic Filter Market Analysis/Overview – By Filter Type
    • 7.2.1.Active Harmonic Filters – Overview/Analysis
    • 7.2.2.Passive Harmonic Filters – Overview/Analysis
  • 7.3.Active Harmonic Filters
    • 7.3.1.Global Harmonic Filter Market for Active Harmonic Filters, Revenue (USD Million) 2016 - 2026
  • 7.4.Passive Harmonic Filters
    • 7.4.1.Global Harmonic Filter Market for Passive Harmonic Filters, Revenue (USD Million) 2016 - 2026
  • 8.1.Global Harmonic Filter Market Overview: by Vultage Level
    • 8.1.1.Global Harmonic Filter Market Revenue Share, by Vultage Level, 2019 & 2026
  • 8.2.Global Harmonic Filter Market Analysis/Overview – By Vultage Level
    • 8.2.1.Low Vultage Harmonic Filters – Overview/Analysis
    • 8.2.2.High Vultage Harmonic Filters – Overview/Analysis
    • 8.2.3.Medium Vultage Harmonic Filters – Overview/Analysis
  • 8.3.Low Vultage Harmonic Filters
    • 8.3.1.Global Harmonic Filter Market for Low Vultage Harmonic Filters, Revenue (USD Million) 2016 - 2026
  • 8.4.High Vultage Harmonic Filters
    • 8.4.1.Global Harmonic Filter Market for High Vultage Harmonic Filters, Revenue (USD Million) 2016 - 2026
  • 8.5.Medium Vultage Harmonic Filters
    • 8.5.1.Global Harmonic Filter Market for Medium Vultage Harmonic Filters, Revenue (USD Million) 2016 - 2026
  • 9.1.Global Harmonic Filter Market Overview: by End Use Industry
    • 9.1.1.Global Harmonic Filter Market Revenue Share, by End Use Industry , 2019 & 2026
  • 9.2.Global Harmonic Filter Market Analysis/Overview – By End Use Industry
    • 9.2.1.Industrial – Overview/Analysis
    • 9.2.2.Oil & Gas – Overview/Analysis
    • 9.2.3.IT And Data Centers – Overview/Analysis
    • 9.2.4.Automotive Sectors – Overview/Analysis
  • 9.3.Industrial
    • 9.3.1.Global Harmonic Filter Market for Industrial, Revenue (USD Million) 2016 - 2026
  • 9.4.Oil & Gas
    • 9.4.1.Global Harmonic Filter Market for Oil & Gas, Revenue (USD Million) 2016 - 2026
  • 9.5.IT And Data Centers
    • 9.5.1.Global Harmonic Filter Market for IT And Data Centers, Revenue (USD Million) 2016 - 2026
  • 9.6.Automotive Sectors
    • 9.6.1.Global Harmonic Filter Market for Automotive Sectors, Revenue (USD Million) 2016 - 2026
• Chapter 10.Harmonic Filter Market – Regional Analysis
  • 10.1.Global Harmonic Filter Market: Regional Overview
    • 10.1.1.Global Harmonic Filter Market Revenue Share, by Region, 2019 & 2026
    • 10.1.2.Global Harmonic Filter Market Revenue, by Region, 2016 – 2026 (USD Million)
  • 10.2.North America
    • 10.2.1.North America Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
    • 10.2.2.North America Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.2.3.North America Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026
    • 10.2.4.North America Harmonic Filter Market Revenue, by Vultage Level, 2016 – 2026
    • 10.2.5.North America Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026
    • 10.2.6. U.S.
    • 10.2.7.Canada
  • 10.3.Europe
    • 10.3.1.Europe Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
    • 10.3.2.Europe Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.3.3.Europe Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026
    • 10.3.4.Europe Harmonic Filter Market Revenue, by Vultage Level, 2016 – 2026
    • 10.3.5.Europe Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026
    • 10.3.6.Germany
    • 10.3.7.France
    • 10.3.8. U.K.
    • 10.3.9.Italy
    • 10.3.10.Spain
    • 10.3.11.Rest of Europe
  • 10.4.Asia Pacific
    • 10.4.1.Asia Pacific Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
    • 10.4.2.Asia Pacific Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.4.3.Asia Pacific Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026
    • 10.4.4.Asia Pacific Harmonic Filter Market Revenue, by Vultage Level, 2016 – 2026
    • 10.4.5.Asia Pacific Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026
    • 10.4.6.China
    • 10.4.7.Japan
    • 10.4.8.India
    • 10.4.9.South Korea
    • 10.4.10.South-East Asia
    • 10.4.11.Rest of Asia Pacific
  • 10.5.Latin America
    • 10.5.1.Latin America Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
    • 10.5.2.Latin America Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.5.3.Latin America Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026
    • 10.5.4.Latin America Harmonic Filter Market Revenue, by Vultage Level, 2016 – 2026
    • 10.5.5.Latin America Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026
    • 10.5.6.Brazil
    • 10.5.7.Mexico
    • 10.5.8.Rest of Latin America
  • 10.6.The Middle-East and Africa
    • 10.6.1.The Middle-East and Africa Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
    • 10.6.2.The Middle-East and Africa Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 10.6.3.The Middle-East and Africa Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026
    • 10.6.4.The Middle-East and Africa Harmonic Filter Market Revenue, by Vultage Level, 2016 – 2026
    • 10.6.5.The Middle-East and Africa Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026
    • 10.6.6.GCC Countries
    • 10.6.7.South Africa
    • 10.6.8.Rest of Middle-East Africa
• Chapter 11.Company Profiles
  • 11.1.Comsys AB ABB India Ltd.
    • 11.1.1.Company Overview
    • 11.1.2.Financial Overview
    • 11.1.3.Product Portfolio
    • 11.1.4.Business Strategy
    • 11.1.5.Recent Developments
  • 11.2.Baron Power Ltd
  • 11.3.Siemens AG
  • 11.4.Anhui Tongfeng Electronics Ltd.
  • 11.5.Eaton Corp.
  • 11.6.The Schaffner Group
  • 11.7.Zhangzhou Kehua technulogy Co. Ltd
  • 11.8.Danfoss A/S
  • 11.9.TDK Corp.
  • 11.1.Schneider Electric

Table Of Figures

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Harmonic Filter Market
FIG. 6 Global Harmonic Filter Market Attractiveness, By Filter Type
FIG. 7 Global Harmonic Filter Market Attractiveness, By Voltage Level
FIG. 8 Global Harmonic Filter Market Attractiveness, By End Use Industry
FIG. 9 Global Harmonic Filter Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global Harmonic Filter Market Revenue Share, by Filter Type, 2019 & 2026
FIG. 12 Global Harmonic Filter Market for Active Harmonic Filters, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Harmonic Filter Market for Passive Harmonic Filters, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Harmonic Filter Market Revenue Share, by Voltage Level, 2019 & 2026
FIG. 15 Global Harmonic Filter Market for Low Voltage Harmonic Filters, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Harmonic Filter Market for High Voltage Harmonic Filters, Revenue (USD Million) 2016 - 2026
FIG. 17 Global Harmonic Filter Market for Medium Voltage Harmonic Filters, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Harmonic Filter Market Revenue Share, by End Use Industry , 2019 & 2026
FIG. 19 Global Harmonic Filter Market for Industrial, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Harmonic Filter Market for Oil & Gas, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Harmonic Filter Market for IT And Data Centers, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Harmonic Filter Market for Automotive Sectors, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Harmonic Filter Market Revenue Share, by Region, 2019 & 2026
FIG. 24 North America Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Europe Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 Asia Pacific Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 Latin America Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 The Middle-East and Africa Harmonic Filter Market Revenue, 2016 - 2026 (USD Million)
FIG. 29 Comsys AB ABB India Ltd. Business Segment Revenue Share, 2018 (%)
FIG. 30 Comsys AB ABB India Ltd. Geographical Segment Revenue Share, 2018 (%)

Table Of Tables

List of Tables

TABLE 1 Global Harmonic Filter Market: Snapshot
TABLE 2 Drivers of the Harmonic Filter Market: Impact Analysis
TABLE 3 Restraints for the Harmonic Filter Market: Impact Analysis
TABLE 4 Global Harmonic Filter Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026 (USD Million)
TABLE 7 North America Harmonic Filter Market Revenue, by Voltage Level, 2016 – 2026 (USD Million)
TABLE 8 North America Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026 (USD Million)
TABLE 9 Europe Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 10 Europe Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026 (USD Million)
TABLE 11 Europe Harmonic Filter Market Revenue, by Voltage Level, 2016 – 2026 (USD Million)
TABLE 12 Europe Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 14 Asia Pacific Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Harmonic Filter Market Revenue, by Voltage Level, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026 (USD Million)
TABLE 17 Latin America Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 Latin America Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026 (USD Million)
TABLE 19 Latin America Harmonic Filter Market Revenue, by Voltage Level, 2016 – 2026 (USD Million)
TABLE 20 Latin America Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026 (USD Million)
TABLE 21 The Middle-East and Africa Harmonic Filter Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 22 The Middle-East and Africa Harmonic Filter Market Revenue, by Filter Type, 2016 – 2026 (USD Million)
TABLE 23 The Middle-East and Africa Harmonic Filter Market Revenue, by Voltage Level, 2016 – 2026 (USD Million)
TABLE 24 The Middle-East and Africa Harmonic Filter Market Revenue, by End Use Industry , 2016 – 2026 (USD Million)