India Harmonic Filter Market is expected to grow at a robust CAGR
India Harmonic Filter
Market is expected to grow owing to promotion by the government due to energy
efficiency and power quality improvement through various initiatives throughout
the forecast period.
According to TechSci
Research report, “India Harmonic
Filter Market – By Region,
Competition, Forecast and Opportunities, 2019-2029”, the India Harmonic
Filter Market is expected to register robust growth during the forecast period.
The Harmonic Filter Market in India is poised for growth, driven by the
increasing demand for power quality in diverse end-user industries such as
automotive and oil & gas. Additionally, stringent government regulations
pertaining to power reliability and quality contribute to this upward trend.
The emergence of harmonics, primarily caused by non-linear loads, poses a
challenge, particularly in heavy electrical applications like rectifiers,
variable frequency drives, or arc furnaces. To address this issue, harmonic
filters are employed to reduce harmonics to a tolerable level, ensuring optimal
power performance. India is actively promoting
renewable energy sources such as solar and wind power to meet its energy
demands and reduce carbon emissions. This transition towards clean energy
presents a significant opportunity for manufacturers of harmonic filters. The
intermittent nature of renewable energy sources can introduce harmonics and
voltage fluctuations into the grid, thus requiring the utilization of harmonic
filters to ensure optimal power quality.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "India Harmonic Filter Market."
Based on Voltage Level, the Medium Voltage segment is expected
to dominate the market during the forecast period. India's ongoing industrial
expansion and infrastructure development are fueling the demand for medium
voltage harmonic filters. As industries grow and adopt advanced equipment,
non-linear loads, and variable frequency drives (VFDs), the risk of harmonics and
power quality issues increases. The integration of renewable energy sources
such as wind and solar into the electrical grid necessitates the utilization of
harmonic filters at the medium voltage level. These filters play a vital role
in managing harmonics generated by inverters and converters in renewable energy
systems. Providing tailored medium voltage harmonic filter solutions that cater
to the specific needs of industries and utilities can present significant
opportunities. It is crucial to understand the unique requirements of different
sectors. Enhancing market presence can be achieved by offering comprehensive
services, including installation, commissioning, maintenance, and remote
monitoring. Long-term performance is highly valued by medium voltage customers;
therefore, service packages that ensure reliability are favored. In conclusion,
the medium voltage segment of the India Harmonic Filter Market offers promising
opportunities driven by industrial expansion, grid integration of renewables,
utility grid reliability, and the growth of sensitive applications like data
centers. Harmonic filter providers aiming to thrive in this dynamic market
segment should focus on addressing technical complexity, offering customized
solutions, and providing comprehensive services.
Based on end user, the Industrial
segment is projected to dominate the market throughout the forecast period. Government initiatives such as "Make in
India" and the development of industrial corridors attract investments in
the industrial sector. Compliance with power quality standards and the
implementation of harmonic filters are often mandated in such projects.
Enhancing energy efficiency remains a top priority for industries aiming to
reduce operational costs and minimize environmental impact. Harmonic filters
contribute to improving energy efficiency by mitigating energy losses caused by
harmonics. Additionally, harmonic filters can be integrated as part of
comprehensive energy management strategies. Providers specializing in harmonic
filters can assist industries in optimizing power quality and energy
efficiency. Retrofitting existing industrial facilities with harmonic filters
presents a compelling opportunity, particularly as older facilities seek to
modernize and enhance power quality. Consequently, retrofit solutions are
expected to witness high demand. In conclusion, the industrial segment of the
India Harmonic Filter Market presents significant opportunities driven by
industrial expansion, automation, government initiatives, and energy efficiency
objectives.
Key market players in the
India Harmonic Filter Market are:-
- ABB India Limited
- Schneider Electric India
Private Limited
- Larsen & Toubro Limited
- Emerson Network Power Pvt.
Ltd
- Eaton Technologies Pvt Ltd
- Crompton Greaves Ltd.
- Siemens India
- Schaffner India
- NeoWatt Power Solutions Co.
Pvt. Ltd.
- EPCOS India Pvt. Ltd.
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“The India Harmonic Filter
Market in West India is poised to be the dominant force in the industry. Industries
in the region are placing growing emphasis on energy efficiency and cost reduction.
Harmonic filters contribute to enhancing energy efficiency by mitigating energy
losses caused by harmonics. Providing tailored harmonic filter solutions that
cater to the unique requirements of industries in the Western region presents a
notable opportunity.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India Harmonic Filter
Market Segmented By Filter Type (Active, Passive and Hybrid), By Voltage Level
(Low Voltage, Medium Voltage and High Voltage), By Phase (Single Phase and
Multi Phase), By End User (Residential, Commercial and Industrial), By Region,
and By Competition, 2019-2029F,” has
evaluated the future growth potential of India Harmonic Filter Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Harmonic Filter Market.
Contact
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+1-646-360-1656
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