The global harmonic filter market is predicted to see a CAGR of 6.7% over the course of the forecast period, with revenues estimated to reach US$ 928.6 Mn in 2022 and US$ 1,770.4 Mn by 2032. The adoption of the harmonic filter is projected to rise as a result of the reduction of distortions in networks with notably high harmonic levels.

Harmonics produced due to the occurrence of non-linear loads in the electrical power system. The transmission of harmonic frequencies in the power system is one of the primary cause of problems related to poor power quality. Therefore, for optimum power quality, suppression of harmonics is required.

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The filters aids in controlling constant harmonic distortions in electronic appliances. The developments in semiconductor technologies is creating demand for  harmonic filters by making it cost efficient and high powered technology which had a positive impact on the growth of harmonic filters globally

Growing awareness related to potential damage from power frequency variations in electrical and heating devices is expected to be a key factor driving harmonic filters market. Harmonic filters are widely used in capacitor banks used in heating and electrical appliances.

Active harmonic filters are designed for power compensation and for avoiding non-linear loads that lead to low-quality transmission. Active harmonic filters are designed for dynamic reactive power compensation and harmonic filtering.

Increasing usage of harmonic filters in industrial and commercial sectors such as variable speed motor drives (VSDs), power converters, light dimmers, fluorescent lamps and have significantly contributed to the growth of harmonic filters market.

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Harmonic Filter Market: Market Dynamics

The growth of harmonic filters can be attributed to the increasing demand for active and passive harmonic filters in industrial and commercial sectors.

Rising demand from IT and data centers creates potential growth opportunities for harmonic filters market.

The application of harmonic filters along with adjustable speed drives (ASDs) on two distinct platforms is expected to hamper the growth of harmonic filter market.

Global Harmonic Filter Market: Competition Landscape

Few prominent players in Harmonic Filter market includeSchneider Electric SE, Eaton Corporation Plc, ABB Ltd., Danfoss A/S, AVX Corporation, Baron Power Limited, Crompton Greaves Ltd., TDK Corporation, Schaffner Holding AG, Comsys AB, Merus Power Dynamics Oy and Larsen & Tourbo Ltd., etc.

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Harmonic Filter Market: Regional Outlook

APAC is estimated to lead in the Harmonic Filter market as there is a high presence of various manufacturing and processing industries in different countries such as China, India, etc. followed by North America and Europe region.

APAC holds the largest market share of Harmonic filter market and is expected to grow at highest CAGR in the forecast period. Latin America and MEA are expected to contribute significantly in the near future

Regional analysis of Global Harmonic Filter Market includes

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies

Key Segments Profiled in the Harmonic Filter Market Survey 

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