Global Harmonic Filter Market Is Driven By Growing Demand In Commercial And Industrial Sector

Global Harmonic Filter Market was valued at $692 million in 2016 and expected to reach $1,212 million by 2024, growing at a CAGR of 6.5% from 2016 to 2024. In geographical segments, Asia-pacific and Rest of the world are expected to grow at a CAGR of 7% and 6.8%, respectively, over the forecast period 2016 - 2024.

Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/global-harmonic-filter-market

The global harmonic filter market is majorly driven by growing demand in commercial and industrial sector, growing adoption of fluctuating frequency drives and development of power sector. Though, high price of harmonic filter coupled with availability of substitutes may hinder the growth of the market. Additionally, growing demand from data and IT centers would provide growth opportunities for the market during the forecast period 2016 - 2024

The global harmonic filter market has been categorized into voltage level, type, end user, and geography. Type segment includes passive harmonic filters (tuned passive harmonic filters and de-tuned passive harmonic filters) and active harmonic filters. Voltage level consists medium voltage harmonic filters, low voltage harmonic filters, and high voltage harmonic filters. End-user comprises automotive, industrial, oil & gas, IT & data centers, and other end-users.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/global-harmonic-filter-market/toc

Among type segments, passive harmonic filters accounted for more than two third of the total market revenue in 2016, due to its low cost in comparison to active filters. Among end-user segments, the industrial segment accounted for around one-third of the total market share in 2016, owing to growing demand from pulp & paper industry, manufacturing industry, and metal processing industry. In 2016, low voltage harmonic filter segment was the largest revenue generating segment, by voltage level.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. Asia-Pacific accounted for the largest market share of 37.8% in 2016, due to economic development in countries such as China, Japan, and India which have rising the demand from numerous industries such as oil & gas, automotive, IT industries. Europe held the second largest market share of 27.2%, owing to restriction regarding energy consumption in countries such as Germany, France and UK. In terms of growth, Asia-Pacific is expected to grow at a fastest CAGR of 7% during the forecast period 2016-2024, driven by increasing demand for harmonic filters from developing economies such as China, to ensure improved power quality.

The major companies in the global harmonic filter market comprise Emerson Electric Co., ABB Ltd., Schneider Electric SE, Eaton Corp. Plc, Schaffner Holding AG, Crompton Greaves Ltd., MTE Corp., Baron Power Ltd., Comsys AB, and TDK Corp., among others.

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/global-harmonic-filter-market/sample-request

Scope of Harmonic Filter Market

Filter Type Segments

• Active Harmonic Filters
• Passive Harmonic Filters
• Tuned Passive Harmonic Filers
• De-Tuned Passive Harmonic Filters

 Voltage Level Type Segments

• Low Voltage Harmonic Filters
• Medium Voltage Harmonic Filters
• High Voltage Harmonic Filters

 End User Segments

• Industrial
• IT & Data Centres
• Automotive
• Oil & Gas
• Others

Geographical Segments

• North America
• US
• Others

• Europe
• Germany
• UK
• Others
• Asia-Pacific
• China
• India
• Japan
• Others
• RoW
• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

For further information, visit https://www.variantmarketresearch.com
You can connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research

Contact Us:
Variant Market Research
Web: https://www.variantmarketresearch.com
Tel: +1-415-680-2785
Tel: +91 20 65337795
Fax: +1-415-680-2786
Email: help@variantmarketresearch.com
Email: sales@variantmarketresearch.com