Harmonic filter is used to eliminate the harmonic distortion occurred by appliances. Harmonic filter comprises of capacitors, inductors, and resistors that deflect harmonic currents to the ground. The need of harmonic filters has enabled manufacturers to reduce production downtime and operating costs. Rising need for high power quality and reliability, and increasing adoption of variable frequency drives (VFD) are some key aspects that will drive the harmonic filter market. Increasing demand in commercial applications, and increasing automation across end-user industries are some important factors that will provide opportunities for the Harmonic Filter market.
MARKET DYNAMICS
Rise in application in industrial and commercial sectors and stringent regulatory standards regarding energy consumption drive the harmonic filter market. However, lack of consumer awareness regarding harmonic suppression and high cost of harmonic filters restrains the market growth. Although imminent enforcement of stringent government regulations opens new opportunities for the players operating in the market.
MARKET SCOPE
The "Global Harmonic Filter market Analysis to 2028" is a specialized and in-depth study of harmonic filter with a special focus on the global market trend analysis. The report aims to provide an overview of harmonic filter with detailed market segmentation by type, voltage level, phase, and end user. The global harmonic filter market is expected to witness high growth during the forecast period. The report provides key statistics on the harmonic filter market and offers key trends and opportunities in filter market.
MARKET SEGMENTATION
The harmonic filter market is segmented on the basis of component, and vertical. On the basis of type, market is segmented as active, and passive. On the basis of voltage level market is segmented as low voltage harmonic, medium voltage harmonic, and high voltage harmonic.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Harmonic Filter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global Harmonic Filter market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting Harmonic Filter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the Harmonic Filter market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Harmonic Filter market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global Harmonic Filter market by each region is later sub-segmented by respective countries and segments.
The report analyzes factors affecting Harmonic Filter market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological effecting the Harmonic Filter market in these regions.
MARKET PLAYERS
The reports cover key developments in the Harmonic Filter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Harmonic Filter market are anticipated to lucrative growth opportunities in the future with the rising demand for Harmonic Filter in the global market. Below mentioned is the list of few companies engaged in the Harmonic Filter market.
The report also includes the profiles of Harmonic Filter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- Arteche
- AVX Corporation
- CG Power and Industrial Solutions Limited (CG)
- Eaton Corporation PLC
- Larsen & Toubro Limited (L&T)
- Schaffner Holding AG
- Schneider Electric Se
- Siemens AG
- TDK Corporation
The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Harmonic Filter Market - By Type
1.3.2 Harmonic Filter Market - By Voltage Level
1.3.3 Harmonic Filter Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HARMONIC FILTER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HARMONIC FILTER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HARMONIC FILTER MARKET - GLOBAL MARKET ANALYSIS
6.1. HARMONIC FILTER - GLOBAL MARKET OVERVIEW
6.2. HARMONIC FILTER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HARMONIC FILTER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACTIVE
7.3.1. Overview
7.3.2. Active Market Forecast and Analysis
7.4. PASSIVE
7.4.1. Overview
7.4.2. Passive Market Forecast and Analysis
8. HARMONIC FILTER MARKET - REVENUE AND FORECASTS TO 2028 - VOLTAGE LEVEL
8.1. OVERVIEW
8.2. VOLTAGE LEVEL MARKET FORECASTS AND ANALYSIS
8.3. LOW VOLTAGE HARMONIC
8.3.1. Overview
8.3.2. Low Voltage Harmonic Market Forecast and Analysis
8.4. MEDIUM VOLTAGE HARMONIC
8.4.1. Overview
8.4.2. Medium Voltage Harmonic Market Forecast and Analysis
8.5. HIGH VOLTAGE HARMONIC
8.5.1. Overview
8.5.2. High Voltage Harmonic Market Forecast and Analysis
9. HARMONIC FILTER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Harmonic Filter Market Overview
9.1.2 North America Harmonic Filter Market Forecasts and Analysis
9.1.3 North America Harmonic Filter Market Forecasts and Analysis - By Type
9.1.4 North America Harmonic Filter Market Forecasts and Analysis - By Voltage Level
9.1.5 North America Harmonic Filter Market Forecasts and Analysis - By Countries
9.1.5.1 United States Harmonic Filter Market
9.1.5.1.1 United States Harmonic Filter Market by Type
9.1.5.1.2 United States Harmonic Filter Market by Voltage Level
9.1.5.2 Canada Harmonic Filter Market
9.1.5.2.1 Canada Harmonic Filter Market by Type
9.1.5.2.2 Canada Harmonic Filter Market by Voltage Level
9.1.5.3 Mexico Harmonic Filter Market
9.1.5.3.1 Mexico Harmonic Filter Market by Type
9.1.5.3.2 Mexico Harmonic Filter Market by Voltage Level
9.2. EUROPE
9.2.1 Europe Harmonic Filter Market Overview
9.2.2 Europe Harmonic Filter Market Forecasts and Analysis
9.2.3 Europe Harmonic Filter Market Forecasts and Analysis - By Type
9.2.4 Europe Harmonic Filter Market Forecasts and Analysis - By Voltage Level
9.2.5 Europe Harmonic Filter Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Harmonic Filter Market
9.2.5.1.1 Germany Harmonic Filter Market by Type
9.2.5.1.2 Germany Harmonic Filter Market by Voltage Level
9.2.5.2 France Harmonic Filter Market
9.2.5.2.1 France Harmonic Filter Market by Type
9.2.5.2.2 France Harmonic Filter Market by Voltage Level
9.2.5.3 Italy Harmonic Filter Market
9.2.5.3.1 Italy Harmonic Filter Market by Type
9.2.5.3.2 Italy Harmonic Filter Market by Voltage Level
9.2.5.4 Spain Harmonic Filter Market
9.2.5.4.1 Spain Harmonic Filter Market by Type
9.2.5.4.2 Spain Harmonic Filter Market by Voltage Level
9.2.5.5 United Kingdom Harmonic Filter Market
9.2.5.5.1 United Kingdom Harmonic Filter Market by Type
9.2.5.5.2 United Kingdom Harmonic Filter Market by Voltage Level
9.2.5.6 Russia Harmonic Filter Market
9.2.5.6.1 Russia Harmonic Filter Market by Type
9.2.5.6.2 Russia Harmonic Filter Market by Voltage Level
9.2.5.7 Rest of Europe Harmonic Filter Market
9.2.5.7.1 Rest of Europe Harmonic Filter Market by Type
9.2.5.7.2 Rest of Europe Harmonic Filter Market by Voltage Level
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Harmonic Filter Market Overview
9.3.2 Asia-Pacific Harmonic Filter Market Forecasts and Analysis
9.3.3 Asia-Pacific Harmonic Filter Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Harmonic Filter Market Forecasts and Analysis - By Voltage Level
9.3.5 Asia-Pacific Harmonic Filter Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Harmonic Filter Market
9.3.5.1.1 Australia Harmonic Filter Market by Type
9.3.5.1.2 Australia Harmonic Filter Market by Voltage Level
9.3.5.2 China Harmonic Filter Market
9.3.5.2.1 China Harmonic Filter Market by Type
9.3.5.2.2 China Harmonic Filter Market by Voltage Level
9.3.5.3 India Harmonic Filter Market
9.3.5.3.1 India Harmonic Filter Market by Type
9.3.5.3.2 India Harmonic Filter Market by Voltage Level
9.3.5.4 Japan Harmonic Filter Market
9.3.5.4.1 Japan Harmonic Filter Market by Type
9.3.5.4.2 Japan Harmonic Filter Market by Voltage Level
9.3.5.5 South Korea Harmonic Filter Market
9.3.5.5.1 South Korea Harmonic Filter Market by Type
9.3.5.5.2 South Korea Harmonic Filter Market by Voltage Level
9.3.5.6 Rest of Asia-Pacific Harmonic Filter Market
9.3.5.6.1 Rest of Asia-Pacific Harmonic Filter Market by Type
9.3.5.6.2 Rest of Asia-Pacific Harmonic Filter Market by Voltage Level
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Harmonic Filter Market Overview
9.4.2 Middle East and Africa Harmonic Filter Market Forecasts and Analysis
9.4.3 Middle East and Africa Harmonic Filter Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Harmonic Filter Market Forecasts and Analysis - By Voltage Level
9.4.5 Middle East and Africa Harmonic Filter Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Harmonic Filter Market
9.4.5.1.1 South Africa Harmonic Filter Market by Type
9.4.5.1.2 South Africa Harmonic Filter Market by Voltage Level
9.4.5.2 Saudi Arabia Harmonic Filter Market
9.4.5.2.1 Saudi Arabia Harmonic Filter Market by Type
9.4.5.2.2 Saudi Arabia Harmonic Filter Market by Voltage Level
9.4.5.3 U.A.E Harmonic Filter Market
9.4.5.3.1 U.A.E Harmonic Filter Market by Type
9.4.5.3.2 U.A.E Harmonic Filter Market by Voltage Level
9.4.5.4 Rest of Middle East and Africa Harmonic Filter Market
9.4.5.4.1 Rest of Middle East and Africa Harmonic Filter Market by Type
9.4.5.4.2 Rest of Middle East and Africa Harmonic Filter Market by Voltage Level
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Harmonic Filter Market Overview
9.5.2 South and Central America Harmonic Filter Market Forecasts and Analysis
9.5.3 South and Central America Harmonic Filter Market Forecasts and Analysis - By Type
9.5.4 South and Central America Harmonic Filter Market Forecasts and Analysis - By Voltage Level
9.5.5 South and Central America Harmonic Filter Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Harmonic Filter Market
9.5.5.1.1 Brazil Harmonic Filter Market by Type
9.5.5.1.2 Brazil Harmonic Filter Market by Voltage Level
9.5.5.2 Argentina Harmonic Filter Market
9.5.5.2.1 Argentina Harmonic Filter Market by Type
9.5.5.2.2 Argentina Harmonic Filter Market by Voltage Level
9.5.5.3 Rest of South and Central America Harmonic Filter Market
9.5.5.3.1 Rest of South and Central America Harmonic Filter Market by Type
9.5.5.3.2 Rest of South and Central America Harmonic Filter Market by Voltage Level
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HARMONIC FILTER MARKET, KEY COMPANY PROFILES
11.1. ABB LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARTECHE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AVX CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CG POWER AND INDUSTRIAL SOLUTIONS LIMITED (CG)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EATON CORPORATION PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LARSEN AND TOUBRO LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SCHAFFNER HOLDING AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SCHNEIDER ELECTRIC SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIEMENS AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TDK CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Arteche
3. AVX Corporation
4. CG Power and Industrial Solutions Limited (CG)
5. Eaton Corporation PLC
6. Larsen and Toubro Limited
7. Schaffner Holding AG
8. Schneider Electric Se
9. Siemens AG
10. TDK Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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