Harmonic Filter Market by Type, Voltage Level, Phase Type, Frequency, Application

List of Tables

[189 Pages Report] 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.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.65 billion
Estimated Year [2024]	USD 1.75 billion
Forecast Year [2030]	USD 2.60 billion
CAGR (%)	6.68%

Type: Adoption of active harmonic filters to prevent equipment failures and breakdowns

Active harmonic filters (AHFs) are modern solutions to harmonic distortion issues in power systems. They operate by injecting compensating currents into the power system that precisely neutralizes unwanted harmonic currents. AHFs are widely utilized in industries with non-linear loads, such as variable frequency drives and other power electronics devices. The Hybrid filter combines both active and passive filtering technologies to address harmonic distortion. Hybrid filters are typically used in scenarios where both high-power handling and fine-tuning of harmonic mitigation are required. Parallel filters, also known as shunt active filters, are connected in parallel with the power system. They operate by measuring the current waveform and dynamically injecting compensating currents to cancel out the harmonics. On the other hand, series filters are connected in series with the power system, and they are also known as series active filters or active harmonic conditioners. They function by injecting voltage rather than current.

Application: Ongoing initiatives and efforts to propel the utilization of automated machinery across diverse industries

Automated machinery is prevalent in manufacturing and production processes. Harmonic filters in these settings reduce the harmonic distortion caused by variable frequency drives (VFDs) and power electronics. Enhanced power quality results in improved efficiency and reduced wear on equipment, saving costs and extending the lifespan of machinery. Heating, ventilation, and air conditioning (HVAC) systems employ VFDs, which necessitate the use of harmonic filters to maintain power quality and system efficiency. The utilization of harmonic filters can mitigate the risk of overheating and equipment malfunctions. Industrial machinery, particularly those with high-power electric motors and drives, can generate significant harmonics that detrimentally affect the power grid and the machinery itself. Harmonic filters correct these distortions, protecting equipment and reducing energy waste. Within the mining industry, heavy-duty machinery and drilling equipment generate significant harmonic disturbances. Utilizing harmonic filters can result in a stable power supply, which is crucial for continuous operation and safety in mines. The oil and gas industry incorporates a vast array of high-power electrical equipment, making the application of harmonic filters essential to sustain power system reliability and reduce maintenance intervals. In the printing and packaging industry, precise control of machinery is imperative. Harmonic filters play a critical role in ensuring consistent quality by stabilizing the power supply and minimizing electrical noise. Water and wastewater facilities often use high-horsepower pumps controlled by VFDs that can introduce harmonic distortions to the electrical system. The application of harmonic filters is, therefore, crucial to preventing potential disruptions and ensuring regulatory compliance with power quality standards.

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Harmonic Filter Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Harmonic Filter Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Harmonic Filter Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Harmonic Filter Market?

3. What are the technology trends and regulatory frameworks in the Harmonic Filter Market?

4. What is the market share of the leading vendors in the Harmonic Filter Market?

5. Which modes and strategic moves are suitable for entering the Harmonic Filter Market?

Product Code: MRR-2648404B6073

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Need for Efficient Power Quality and Rise in Demand for Static Converters and Power Inverters
  - 5.1.1.2. Increasing Adoption of Variable Frequency Drives and Installation of Data Centers
- 5.1.2. Restraints
  - 5.1.2.1. Increasing Cost of Harmonic Filters
- 5.1.3. Opportunities
  - 5.1.3.1. Technological Advancements in Harmonic Filters
  - 5.1.3.2. Increasing Renewable Energy Production and Integration of Harmonic Filters into Electric Grids
- 5.1.4. Challenges
  - 5.1.4.1. Limitations Associated With the Use of Harmonic Filters
5.2. Market Segmentation Analysis
- 5.2.1. Type: Adoption of active harmonic filters to prevent equipment failures and breakdowns
- 5.2.2. Application: Ongoing initiatives and efforts to propel the utilization of automated machinery across diverse industries
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Harmonic Filter Market, by Type

6.1. Introduction
6.2. Active
6.3. Passive

7. Harmonic Filter Market, by Voltage Level

7.1. Introduction
7.2. High Voltage Harmonic Filter
7.3. Low Voltage Harmonic Filter
7.4. Medium Voltage Harmonic Filter

8. Harmonic Filter Market, by Phase Type

8.1. Introduction
8.2. Single-Phase Harmonic Filter
8.3. Three-Phase Harmonic Filter

9. Harmonic Filter Market, by Frequency

9.1. Introduction
9.2. 50 Hz
9.3. 60 Hz

10. Harmonic Filter Market, by Application

10.1. Introduction
10.2. Automated Machinery
10.3. Heating, Ventilation, and Air Conditioning
10.4. Industrial Machinary
10.5. Mining Industry
10.6. Oil & Gas Industry
10.7. Printing & Packaging Machinery
10.8. Water & Wastewater

11. Americas Harmonic Filter Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Harmonic Filter Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Harmonic Filter Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. CP Automation Expands Range Of Active Harmonic Filters
- 14.3.2. New Compact Passive Harmonic Filter From Schaffner Delivers Increased Benefits At Optimal Value
- 14.3.3. Vertiv Launches Active Harmonic Filters To Enhance Power Quality In Industrial Applications In India

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio