Low Harmonic Drives

Global Low Harmonic Drives Market to Reach US$14.8 Billion by 2030

The global market for Low Harmonic Drives estimated at US$12.2 Billion in the year 2024, is expected to reach US$14.8 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2024-2030. Oil & Gas End-Use, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Water & Wastewater Treatment End-Use segment is estimated at 3.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.3 Billion While China is Forecast to Grow at 6.2% CAGR

The Low Harmonic Drives market in the U.S. is estimated at US$3.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.0 Billion by the year 2030 trailing a CAGR of 6.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.0% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Low Harmonic Drives - Key Trends and Drivers

Low harmonic drives (LHDs) are advanced electrical devices designed to minimize the harmonic distortion typically introduced by variable frequency drives (VFDs) in power systems. Harmonic distortion, which occurs when non-linear loads distort the sinusoidal waveform of electrical currents, can lead to various operational issues such as overheating of equipment, reduced efficiency, and interference with communication lines. Low harmonic drives address these issues by incorporating active or passive harmonic filters that significantly reduce the harmonic content in the electrical supply. This results in improved power quality, enhanced performance of electrical equipment, and compliance with stringent international standards for harmonic emissions.

Technological advancements have greatly enhanced the functionality and efficiency of low harmonic drives. Modern LHDs utilize state-of-the-art power electronics and sophisticated control algorithms to achieve high levels of harmonic mitigation. Active front-end (AFE) technology, for instance, employs advanced rectifier circuits and pulse-width modulation (PWM) techniques to ensure that the current drawn from the power supply remains as sinusoidal as possible. Additionally, many low harmonic drives now feature integrated monitoring and diagnostic tools that allow operators to continuously assess power quality and drive performance in real-time. These innovations not only improve the reliability and lifespan of the drives but also facilitate predictive maintenance and operational optimization.

The growth in the low harmonic drives market is driven by several factors, including increasing industrial automation, stringent regulatory standards for power quality, and the rising adoption of energy-efficient technologies. As industries continue to automate processes and integrate more sophisticated machinery, the demand for reliable power quality solutions like LHDs is growing. Regulatory bodies worldwide are implementing strict guidelines to limit harmonic distortion in electrical systems, compelling industries to adopt low harmonic drives to comply with these standards. Moreover, the push towards energy efficiency and sustainability is encouraging the adoption of LHDs, as they help reduce energy losses and enhance the performance of industrial equipment. These trends, along with ongoing technological advancements and the expanding application scope of low harmonic drives in various sectors, are expected to drive significant growth in the LHD market in the coming years.

SCOPE OF STUDY:

The report analyzes the Low Harmonic Drives market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Oil & Gas End-Use, Water & Wastewater Treatment End-Use, Food & Beverage End-Use, Mining End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 51 Featured) -

• ABB Ltd.
• Comsys AB
• Cone Drive
• Danfoss A/S
• Eaton Corporation PLC
• Guangdong Saini Intelligent Equipment Technology Co., Ltd
• OJ Electronics A/S
• Rockwell Automation
• Sango Automation
• Schneider Electric SE
• SmartD Technologies, Inc.
• SPOC Automation Ltd.
• SUBCOE
• Suzhou Veichi Electric Co., Ltd
• Yaskawa America, Inc.

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