Harmonic Filter Market by Type (Active, Passive), Voltage Level (High Voltage Harmonic Filter, Low Voltage Harmonic Filter, Medium Voltage Harmonic Filter), Phase Type, Frequency, Application - Global Forecast 2024-2030

Harmonic Filter Market by Type (Active, Passive), Voltage Level (High Voltage Harmonic Filter, Low Voltage Harmonic Filter, Medium Voltage Harmonic Filter), Phase Type, Frequency, Application - Global Forecast 2024-2030

The Harmonic Filter Market size was estimated at USD 1.65 billion in 2023 and expected to reach USD 1.75 billion in 2024, at a CAGR 6.68% to reach USD 2.60 billion by 2030.

Harmonic filters are specialized devices used in electrical systems to mitigate the effects of harmonic distortions. These distortions are created by non-linear loads, such as variable speed drives, computers, and other electronic devices, that draw current in a non-sinusoidal manner. The presence of harmonics in power systems can lead to a range of issues, including overheating of equipment, interference with communication lines, and decreased efficiency of the electrical network. The increase in the use of non-linear load equipment in industrial and commercial facilities has created a need for harmonic filters. Additionally, stringent regulations pertaining to energy efficiency and quality, imposed by governments and regulatory bodies, have accentuated the importance of harmonic filters. However, high installation costs and the need for frequent maintenance of the devices may dissuade end-users from adopting the technology. Moreover, complexities in the design and customization of filters for specific industry needs and technical limitations of harmonic filters present challenges for the growth of the industry. However, key players are exploring the integration of IoT, AI/ML, and data analytics technologies to improve the efficiency, sensitivity, and performance of harmonic filters and overcome the technical constraints of the technology. Furthermore, the development of more compact and efficient harmonic filters for space-constrained environments can create new avenues of growth for the industry.

Regional Insights

The industrial and commercial sectors in the Americas region demonstrate a high adoption rate for advanced power-quality equipment to minimize harmonic distortion and enhance operational efficiency. High-tech sectors prevalent in the Americas, such as Silicon Valley's IT industry, require clean power for sensitive electronics, thus fueling the demand for harmonic filtering solutions. In Europe, energy efficiency directives and the need to comply with strict power quality standards are the main drivers for the harmonic filter market. EU countries emphasize reducing power loss and improving long-term sustainability in power distribution networks, reflecting strong demand for advanced filter solutions. The Middle East region, with its massive oil & gas industry and growing urban infrastructure, has an emerging market for harmonic filters. As the region diversifies its energy sources, including solar and wind, the deployment of harmonic filters to maintain grid integrity has become crucial. The Asia Pacific region has shown exponential growth in the harmonic filter market, largely driven by countries such as China, Japan, and India. Rapid industrialization, increased focus on energy efficiency standards, and the prevalence of power quality issues due to the widespread use of non-linear loads have heightened the need for harmonic filters in these economies. Nations in the APAC region, such as India and China, are fast becoming hubs for technology and manufacturing, demanding high-quality power supply and, thus, the integration of harmonic filters to safeguard complex machinery and electronic systems.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Harmonic Filter Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Need for Efficient Power Quality and Rise in Demand for Static Converters and Power Inverters
    • Increasing Adoption of Variable Frequency Drives and Installation of Data Centers
    • Market Restraints
      • Increasing Cost of Harmonic Filters
      • Market Opportunities
        • Technological Advancements in Harmonic Filters
        • Increasing Renewable Energy Production and Integration of Harmonic Filters into Electric Grids
        • Market Challenges
          • Limitations Associated With the Use of Harmonic Filters
          • Market Segmentation Analysis
            • Type: Adoption of active harmonic filters to prevent equipment failures and breakdowns
            • Application: Ongoing initiatives and efforts to propel the utilization of automated machinery across diverse industries
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Harmonic Filter Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Harmonic Filter Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • CP Automation Expands Range Of Active Harmonic Filters
              
              CP Automation has broadened its portfolio of REVCON RHF-Active harmonic filters. By incorporating advanced silicon carbide (SiC) technology, these latest additions offer significant benefits over the traditional performance of filters that rely on insulated-gate bipolar transistors (IGBT). The expansion caters to a wider range of power requirements, as the filters cover an extended spectrum, ensuring businesses employing variable frequency drives (VFDs) can more effectively address power harmonic disturbances.
              
              New Compact Passive Harmonic Filter From Schaffner Delivers Increased Benefits At Optimal Value
              
              Schaffner introduces the latest innovation in harmonic mitigation with the launch of their compact Ecosine Flex series. The FN3446 for 50Hz and FN3458 for 60Hz networks would set new standards in the 400 V to 480 V AC category. These advanced passive harmonic filters represent enhancement over the previous FN3416 and FN3418 models, as they are equipped with superior features such as a trap disconnect jumper (TDJ) and versatility in enclosure ratings, offering both IP00 and the standard IP20 options.
              
              Vertiv Launches Active Harmonic Filters To Enhance Power Quality In Industrial Applications In India
              
              Vertiv announced the release of the Liebert AF4 series, which are active harmonic filters utilizing artificial neural network (ANN) technology, specifically tailored for the Indian market. These filters represent a significant advancement in maintaining power stability and quality for industrial applications, essential for the seamless functionality and minimal operational disruptions of these facilities.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Harmonic Filter Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Harmonic Filter Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Atandra Energy Private Limited, Circutor S.A.U., Comsys AB, Condensator Dominit GmbH, CTM Magnetics, Inc., Danfoss A/S, Eaton Corporation PLC, Encon Engineers, Enspec Power Ltd., Hammond Power Solutions Inc., Helios Power Solutions, Hitachi Energy Ltd., KEMET Electronics Corporation by Yageo Corporation, LS Electric Co., Ltd., Mirus International Inc., MTE Corporation by SL Industries, Inc., Nishitei Co., Ltd., NuWaves RF Solutions, Schaffner Holding AG by TE Connectivity Ltd., Schneider Electric SE, Shenzhen Sinexcel Electric Co., Ltd., Siemens AG, TCI, LLC by Allient Inc., TDK Corporation, The Enerdoor Group, and Vishay Intertechnology, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Harmonic Filter Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Type
              • Active
                • Hybrid Filter
                • Parallel Filter
                • Series Filter
                • Passive
                • Voltage Level
                  • High Voltage Harmonic Filter
                  • Low Voltage Harmonic Filter
                  • Medium Voltage Harmonic Filter
                  • Phase Type
                    • Single-Phase Harmonic Filter
                    • Three-Phase Harmonic Filter
                    • Frequency
                      • 50 Hz
                      • 60 Hz
                      • Application
                        • Automated Machinery
                        • Heating, Ventilation, and Air Conditioning
                        • Industrial Machinary
                        • Mining Industry
                        • Oil & Gas Industry
                        • Printing & Packaging Machinery
                        • Water & Wastewater
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year