Global Harmonic Filter Market Outstanding Growth by 2025 | Ozone Market Reports

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The global Harmonic Filter Market was valued at USD 0.70 billion in 2016 and is projected to reach USD 1.24 billion by 2025, growing at a CAGR of 6.54% from 2017 to 2025. 
Harmonic filters are shunt elements that are used in power systems for decreasing voltage distortion and for power factor correction. Nonlinear elements such as power electronic converters generate harmonic currents or harmonic voltages, which are injected into power system.

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Market Dynamics:
1. Market Drivers
1.1 Rising Need for High Power Quality and Reliability
1.2 Increased Adoption of Variable Frequency Drives (VFDS)
1.3 Stringent Government Regulations Pertaining to Power Quality and Reliability
1.4 Increasing Awareness of Negative Effects of Harmonic Disturbances

2. Market Restraints
2.1 High Cost of Harmonic Filters and Their Cost of Installation and Maintenance
2.2 Availability of Substitutes for Harmonics Filters

Market Segmentation:
1. Global Harmonic Filter Market, by Voltage level:
1.1 Low-Voltage Harmonic Filters 
1.2 Medium-Voltage Harmonic Filters 
1.3 High-Voltage Harmonic Filters 

2. Global Harmonic Filter Market, by Type:
2.1 Active Harmonic Filter (AHF) 
2.2 Passive Harmonic Filter (PHF)
2.2.1 Tuned Passive Harmonic Filter
2.2.2 Detuned Passive Harmonic Filter 

3. Global Harmonic Filter Market, by Phase:
3.1 Single-Phase Harmonic Filter 
3.2 Three-Phase Harmonic Filter

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4. Global Harmonic Filter Market, by End-User:
4.1 Industrial 
4.1.1 Manufacturing
4.1.2 Metal Processing
4.1.3 Pulp and Paper
4.1.4 Automotive
4.1.5 Oil and Gas
4.1.6 Others 
4.2 Commercial 
4.3 Residential

5. Global Harmonic Filter Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America) 
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. ABB Ltd. 
2. Schneider Electric Se 
3. Eaton Corporation PLC 
4. Schaffner Holding AG 
5. Siemens AG 
6. CG Power and Industrial Solutions Limited (CG) 
7. TDK Corporation 
8. Larsen & Toubro Limited (L&T) 
9. Arteche 
10. AVX Corporation 
11. Mte Corporation 
12. Comsys Ab 
13. Enspec Power Ltd 
14. Mirus International Inc. 
15. LPI-NZ Ltd
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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