Harmonic Filter Resistor Market: Current Analysis and Forecast (2022-2028)

Harmonic Filter Resistor Market: Current Analysis and Forecast (2022-2028)

Harmonic filters can be implemented using a variety of techniques, including the use of passive components such as inductors and capacitors, as well as active components such as power electronics. One common approach to implementing a harmonic filter is to use resistors to shunt or bypass unwanted harmonic currents. Harmonic filter resistors are typically used in combination with other components such as inductors and capacitors to achieve the desired filtering performance. The resistors are used to dissipate the energy of the unwanted harmonic currents, which helps to reduce the overall harmonic distortion of the system. The value of the harmonic filter resistors is an important design parameter, as it determines the amount of energy that is dissipated by the filter. The value of the resistors is typically determined based on the specific requirements of the system, such as the level of harmonic distortion that is acceptable, the amount of current that needs to be filtered, and the operating temperature range.

The Harmonic Filter Resistor Market is expected to grow at a strong CAGR of 5% during the forecast period owing to the increasing requirement to reduce the losses of the line along with their higher reliability, higher insulation and lower working over temperature. Moreover, the demand for harmonic filter resistors is being driven by a combination of factors, including the increasing use of power electronics, the growing demand for efficient power transmission and distribution, regulatory requirements, and technological advancements. As these factors continue to shape the market, it is expected that the demand for harmonic filter resistors will continue to grow in the coming years.

• Based on product type, the market is segmented into C-type, single tuned, second order and third order. The third order segment is expected to hold a significant market share during the forecast period. Third order harmonic filters are the most advanced type of harmonic filter and consist of multiple capacitors, inductors, and resistors that are connected in a specific way to form a third-order filter. These filters are capable of reducing harmonic distortion to very low levels. In addition, the design of third order harmonic filters is complex and requires careful consideration of the specific requirements of the power system. The filter components must be carefully selected and optimized to ensure that the filter is effective at reducing harmonic distortion while minimizing the impact on system stability and power quality.
• Based on end-users, the market is segmented into power plants, industrial, and others. The power plant segment is expected to register a significant CAGR during the forecast period owing to the increasing need for efficient power transmission and distribution is becoming more critical as the global population continues to grow and the demand for electricity increases. Harmonic filter resistors can help to improve the efficiency of power transmission and distribution systems by reducing the amount of energy lost due to harmonic distortion. Also, power quality issues, such as harmonic distortion, can have a negative impact on the performance and longevity of electrical equipment, including motors, transformers, and generators. Harmonic filter resistors can help to improve power quality by reducing the amount of harmonic distortion in the power system.
• For a better understanding of the market adoption of the harmonic filter resistor industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), Rest of World. Asia-Pacific dominated the harmonic filter resistor market in 2020. The need for efficient power transmission and distribution is becoming increasingly critical in the Asia-Pacific region, due to the growing population and increasing demand for electricity. Harmonic filter resistors can help to improve the efficiency of power transmission and distribution systems by reducing the amount of energy lost due to harmonic distortion. Many countries in the Asia-Pacific region have regulations in place that require power systems to meet certain levels of harmonic distortion. The implementation of these regulations is driving the demand for harmonic filter resistors to help ensure compliance with these standards. Overall, the growth of the harmonic filter resistors in power plants in the Asia-Pacific region is being driven by a combination of factors, including rapid industrialization, the growing demand for efficient power transmission and distribution, regulatory requirements, technological advancements, and the need for improved power quality. As these factors continue to shape the market, it is expected that the demand for harmonic filter resistors will continue to grow in the coming years.
• Some of the major players operating in the market include Telema spa, MegaResistors, Hilkar, Vishay Intertechnology, Inc., Resisturk Electric (TR) Ltd, Backer AB, NATIONAL SWITCHGEARS, Filnor, Inc., Post Glover Resistors and Metal Deploye Resitor.