PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605826
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605826
The global harmonic filter market size is expected to reach USD 2.77 billion by 2034, according to a new study by Polaris Market Research. The report "Harmonic Filter Market Size, Share, Trends, Industry Analysis Report: By Product (Active, Passive, and Hybrid), Phase, Voltage, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The harmonic filter market is witnessing significant growth, driven by the increasing adoption of power electronics and renewable energy sources across various industries. Harmonic filters play a crucial role in mitigating harmonic distortion in electrical systems, which leads to inefficiencies, equipment damage, and increased operational costs. The demand for harmonic filters has surged as industrial automation and smart grid technologies evolve, making them an essential component in maintaining power quality.
Passive harmonic filters are the most commonly used filters due to their simplicity and cost-effectiveness. These filters consist of inductors and capacitors that are tuned to specific frequencies to eliminate harmonic currents. Active harmonic filters, on the other hand, provide a dynamic response by continuously monitoring and adjusting to changing load conditions. This adaptability makes them particularly suitable for environments with fluctuating power demands.
Hybrid filters combine elements of passive and active systems, offering a balanced approach that enhances performance while reducing costs. They are gaining traction in various sectors, including manufacturing, data centers, and renewable energy installations, where power quality is critical. Furthermore, the integration of harmonic filters in industries improves energy efficiency and helps in compliance with stringent power quality standards set by regulatory bodies.
The growing emphasis on energy efficiency and sustainability across the world is propelling the harmonic filter market growth. Governments and organizations worldwide are increasingly implementing policies and regulations to minimize energy losses and promote cleaner energy sources. This shift is driving investments in advanced harmonic filtering solutions, especially in regions with high industrial activity. Moreover, the rising adoption of electric vehicles and the increasing deployment of associated charging stations is expected to propel the demand for harmonic filters, as these systems are known to generate significant harmonics.
Based on phase, the harmonic filter market for the single-phase segment is expected to experience substantial growth during the forecast period due to its rising adoption in residential and light commercial applications, where smaller loads require efficient power management.
The three-phase segment dominated the harmonic filter market share in 2024 owing to its extensive use in industrial and commercial applications.
In the global harmonic filter market, North America held the largest revenue share in 2024 due to the rapid adoption of advanced manufacturing processes and increasing investments in industrial automation.
A few global key market players are ABB, Schneider Electric, Siemens, Baron Power, MTE Corporation, Comsys AB, Eaton, TDK Corporation, Schaffner Holding AG, Quality Energy, Powerside, and Danfoss.
Polaris Market Research has segmented the harmonic filter market report on the basis of product, phase, voltage, end use, and region: