Harmonic Filter Market to reach US$ 1,059.1 million in 2023
Harmonic Filter Market report is a 234-page study offering actionable insights into the global market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, December 29, 2018 )
Stratview Research has published a new research report on Harmonic Filter Market. This extensive 234-page report by Stratview Research analyses the growth of Harmonic Filter Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Filter Type (Active Harmonic Filter, Passive Harmonic Filter)
• By Voltage Level Type (Low-Voltage Harmonic Filter, Medium-Voltage Harmonic Filter, High-Voltage Harmonic Filter)
• By Phase Type (Single-Phase Harmonic Filter, Three-Phase Harmonic Filter)
• By End-user Type (Manufacturing, Metal Processing, Paper & Pulp, Data & IT Center, Oil & Gas, Others)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/385/Harmonic-Filter-Market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/385/Harmonic-Filter-Market.html
Increasing use of power electronics
component that safeguards electronics and improves power quality factor.
The global harmonic filter market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 1,059.1 million in 2023. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide, increasing concern for potential damage from power frequency variations, and increasing use of sensitive electronics in industrial automation process are some of the factors burgeoning the growth of harmonic filters worldwide.
The manufacturing segment is likely to remain the most dominant end-user type
Based on the end-user type, the market is classified as manufacturing, metal processing, paper & pulp, data & IT center, oil & gas, and others. The manufacturing segment is likely to remain the most dominant end-user type in the market during the forecast period. The manufacturing segment majorly includes cement, pharmaceutical, power plants, steel, foundries, and chemical industries.
Top market players
The supply chain of this market comprises raw material suppliers, component manufacturers, harmonic filter manufacturers, distributors, and end users. Some of the key companies supplying harmonic filters are ABB Ltd., Schneider Electric SA, Eaton Corporation Plc, Danfoss Group, Schaffner Holding AG, Siemens AG, TDK Corporation, AVX Corporation, Comsys AB, and TCI, LLC. Advancement in harmonic filters and regional expansion are some of the key strategies adopted by the major players in order to quickly gain market share.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research has published a new research report on Harmonic Filter Market. This extensive 234-page report by Stratview Research analyses the growth of Harmonic Filter Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
• By Filter Type (Active Harmonic Filter, Passive Harmonic Filter)
• By Voltage Level Type (Low-Voltage Harmonic Filter, Medium-Voltage Harmonic Filter, High-Voltage Harmonic Filter)
• By Phase Type (Single-Phase Harmonic Filter, Three-Phase Harmonic Filter)
• By End-user Type (Manufacturing, Metal Processing, Paper & Pulp, Data & IT Center, Oil & Gas, Others)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope: https://www.stratviewresearch.com/toc/385/Harmonic-Filter-Market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/385/Harmonic-Filter-Market.html
Increasing use of power electronics
component that safeguards electronics and improves power quality factor.
The global harmonic filter market is projected to grow at a healthy rate over the next five years to reach an estimated value of US$ 1,059.1 million in 2023. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide, increasing concern for potential damage from power frequency variations, and increasing use of sensitive electronics in industrial automation process are some of the factors burgeoning the growth of harmonic filters worldwide.
The manufacturing segment is likely to remain the most dominant end-user type
Based on the end-user type, the market is classified as manufacturing, metal processing, paper & pulp, data & IT center, oil & gas, and others. The manufacturing segment is likely to remain the most dominant end-user type in the market during the forecast period. The manufacturing segment majorly includes cement, pharmaceutical, power plants, steel, foundries, and chemical industries.
Top market players
The supply chain of this market comprises raw material suppliers, component manufacturers, harmonic filter manufacturers, distributors, and end users. Some of the key companies supplying harmonic filters are ABB Ltd., Schneider Electric SA, Eaton Corporation Plc, Danfoss Group, Schaffner Holding AG, Siemens AG, TDK Corporation, AVX Corporation, Comsys AB, and TCI, LLC. Advancement in harmonic filters and regional expansion are some of the key strategies adopted by the major players in order to quickly gain market share.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results