As stated in a recently published information by Credence Research Inc., “Global Harmonic Filter industry(By Type (Passive Harmonic Filters, Active Harmonic Filters, and Hybrid Harmonic Filters), By End-use (Industrial, Commercial, Residential,), By Voltage Level (Low Voltage, Medium Voltage, and High Voltage)) industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022” the global harmonic filter industry is poised to witness steady growth, growing at a CAGR of 6.9% during the forecast period 2016 – 2023.
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Harmonics or distortions are ideally produced in an electrically powered system/equipment owing to the presence of non-linear loads like variable frequency drives in the system. The transmission of distortions in electrically powered machinery/equipment is the major cause behind power quality issues. Large magnitude of harmonics can result in malfunctioning of the system, which leads to downtime and increased operating costs. Thus, suppressing or mitigating such distortions is extremely crucial to achieve power reliability and quality. A harmonic filter is electrically powered equipment that is used to limit the effect of distortions in an electrical system.
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The global industry for harmonic filters is moderately concentrated with top 4 players acquiring the major chunk of the revenue share. Some of the leading players identified in the research study include Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Schaffner Holding AG (Germany), MTE Corporation (the United States), Emerson Network Power (the United States), Eaton Corporation Plc (Ireland), Epcos AG (Germany), Comsys AB (Sweden), Danfoss A/S (Denmark), and Baron Power Ltd. (India) among others. The global harmonic filters industry has been plagued by lack of product differentiation. This has resulted in profit crunching. Thus, application specific product diversification and focus on product enhancement are some of the key strategies adopted by harmonic filter manufacturers across the globe.
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Growing need to ensure power reliability and quality
Mounting adoption of Variable Frequency Drives (VFDs), especially in industrial and commercial applications
Growing demand from commercial applications
Stringent government regulations associated with the power reliability and quality promoting the uptake of harmonic filters
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