Harmonic Filter Market Report: Trends, Forecast and Competitive Analysis to 2030

Harmonic Filter Trends and Forecast

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.

A more than 150-page report is developed to help in your business decisions.

Harmonic Filter by Segment

The study includes a forecast for the global harmonic filter by voltage, phase, product, end use, and region.

Harmonic Filter Market by Voltage [Shipment Analysis by Value from 2018 to 2030]:

• Low
• Medium
• High

Harmonic Filter Market by Phase [Shipment Analysis by Value from 2018 to 2030]:

• Single
• Three

Harmonic Filter Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Passive
• Active
• Hybrid

Harmonic Filter Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Residential
• Others

Harmonic Filter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Harmonic Filter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies harmonic filter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the harmonic filter companies profiled in this report include-

• ABB
• Schneider Electric
• Siemens
• Emerson Electric
• Danfoss
• Schaffner Holding
• TDK
• Eaton
• Comsys
• MTE

Harmonic Filter Market Insights

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.

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.

Features of the Global Harmonic Filter Market

Market Size Estimates: Harmonic filter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Harmonic filter market size by various segments, such as by voltage, phase, product, end use, and region in terms of value ($B).

Regional Analysis: Harmonic filter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different voltage, phase, product, end use, and regions for the harmonic filter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the harmonic filter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the harmonic filter market size?

Answer: The global harmonic filter market is expected to reach an estimated $1.8 billion by 2030.

Q.2 What is the growth forecast for harmonic filter market?

Answer: The global harmonic filter market is expected to grow with a CAGR of 6.9% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the harmonic filter market?

Answer: 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.

Q4. What are the major segments for harmonic filter market?

Answer: The future of the global harmonic filter market looks promising with opportunities in the low, medium, and high markets.

Q5. Who are the key harmonic filter market companies?

Answer: Some of the key harmonic filter companies are as follows:

• ABB
• Schneider Electric
• Siemens
• Emerson Electric
• Danfoss
• Schaffner Holding
• TDK
• Eaton
• Comsys
• MTE

Q6. Which harmonic filter market segment will be the largest in future?

Answer: 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.

Q7. In harmonic filter market, which region is expected to be the largest in next 5 years?

Answer: 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.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• 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?