Growing Demand for Harmonics Filters from Various Sectors is Expected to Drive the Growth of the Global Harmonic Filter Market

The global harmonic filter market is estimated to reach $1,212 million by 2024 from $692 million in 2016; growing at a CAGR of 6.5% from 2016 to 2024. There are the several driving factors of the market such as rapid growth in power sector, rising demand for power quality from various sectors and increasing adoption of variable frequency. However, availability of substitutes and high price of these filters may restrain the growth of the market. Furthermore, increasing demand from IT and data centres’ are the major opportunities of the market.

Browse Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/global-harmonic-filter-market

Key segments of the global harmonic filter market are filter type, voltage level type, end-user type and geography. Passive harmonic filters and active harmonic filters are the key sub segments of the filter type segment. In 2016, passive harmonic filters sub segment has highest market share, due to low cost as compared to active filters. Moreover, application segment has been segmented into oil & gas, IT & data centres, industrial, automotive and others.

Get Sample Report @ http://bit.ly/2rwD1mx

North America, Europe, Asia-Pacific and rest of the world are the major geographical sub segment of the global harmonic filter market. In 2016, Asia-Pacific region accounted for the highest market share of 37.8%, and is anticipated to attain the fastest CAGR during the forecast period 2016-2024, owning to, economic developed and growing demand from various industries such as Automotive and IT.

The market players have been adopting several strategies to increase their product portfolio and geographical presence. The key market players in the harmonic filter market are TDK Corp., ABB Ltd., Schneider Electric SE, Schaffner Holding AG, Baron Power Ltd., Comsys AB, Emerson Electric Co., Crompton Greaves Ltd., Eaton Corp. Plc, and MTE Corp., among others.

For information, contact:

VARIANT MARKET RESEARCH LLP

Web: https://www.variantmarketresearch.com/

 USA Office:     

649 Mission St.,

5th Floor, San Francisco,

CA 94105, United States.

Tel: +1-415-680-2785

Fax: +1-415-680-2786

Email: help@variantmarketresearch.com

India Office (Corporate Headquarter):

Office No. FL No.7, Prakash Developers,

Survey no 34/A5, Wadgaon Sheri,

Nagar Road, Pune – 411014

Tel: +91 20 65337795