The future of the global harmonic filter market looks promising with opportunities in the low, medium, and high markets. The global harmonic filter market is expected to reach an estimated $1.8 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are growing adoption of variable frequency drives (VFDs) in the manufacturing industry, strict legal requirements for energy consumption, and application growth in the commercial and industrial domains.
Some of the key questions answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the harmonic filter market by
voltage (low, medium, and high), phase (single and three), product (passive,
active, and hybrid), end use (industrial, commercial, residential, and others),
and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of the
competing products in this market and how big of a threat do they pose for loss
of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, passive,
active, and hybrid are the major segments of harmonic filter market by product.
Lucintel forecasts that passive will remain the largest segment over the
forecast period due to several industrial applications such as uninterruptible
power supply (UPS) and VFDs for motors, rectifiers, transformers, and
others.Within this market, low voltage will remain the largest segment due to
usage in wide variety applications, such as power plants, manufacturing
industries, harbor cranes, and data centers, and offering optimal performance
with low power consumption.
APAC is expected to
witness highest growth over the forecast period due to high use of harmonic
filters in the energy and electricity and manufacturing sectors, particularly
in developing nations like China and India.
ABB, Schneider Electric,
Siemens, Emerson Electric, Danfoss, Schaffner Holding, TDK, Eaton, Comsys, and
MTE are the major suppliers in the harmonic filter market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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