Low Voltage Harmonic Filter to Dominate India Harmonic Filter Market
Stringent government
regulations and increasing awareness about the negative effects of harmonic
disturbances to drive India harmonic filter market through 2025
According to
TechSci Research report, “India
Harmonic Filter Market By Filter Type, By Voltage Level, By Phase, By End
User, By Region, Competition, Forecast & Opportunities, 2025”, India harmonic filter market is anticipated to register a CAGR
of more than 10% until 2025, which can be
attributed to the increasing requirement for power quality and reliability.
Harmonic filters assist in improving the performance of the equipment and
reduce energy costs by eliminating unwanted harmonics created by non-linear
loads in the electrical system. Several industries, such as manufacturing,
metal processing, automotive, and oil & gas, involve some form of power
conversion to run processes that use variable speed drives. Harmonic filters
are used for a large number of industrial end uses, such as manufacturing, oil
& gas, paper & pulp, and metal processing. Increasing awareness regarding
negative effects of harmonics and growing concern for ensuring optimum power
quality is driving the harmonic filter market in India.
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market data Figures spread through 70
Pages and an in-depth TOC on "India Harmonic Filter Market"
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India
harmonic filter market can be segmented based on filter type, voltage level,
phase, end user, company and region. Based on voltage level, low voltage segment
dominated the market in 2019 and the trend is expected to continue in the coming
years as well. This is due to the reason that low voltage harmonic filters are
used in plethora of industries such as data centers, power plants,
manufacturing industries, etc., while high voltage filters are used in heavy
power transmission and distribution equipment to reduce voltage distortion and
harmonic distortion.
Based
on type, the passive segment of the harmonic filter market is expected to grow
at the highest rate during the forecast period. Passive filters use power
electronics switching to produce harmonic currents and harmonic components,
which cancel harmonics generated from nonlinear loads. These filters are
comparatively new, and various new technologies are being proposed to enhance
their performance.
Rising
demand for power quality across different verticals such as industrial,
automotive, IT and data centers, oil and gas sector, among others is the major
factor driving the market in India. In addition, increasing adoption of
variable frequency drives generating harmonics in industrial as well as
commercial applications is expected to support the growth of harmonic filters.
In spite of these growth factors, lack of awareness, high costs of harmonic
filters, and availability of substitutes have collectively inhibited the growth
of harmonic filters market in India. However, escalating demand for ensuring
optimum power quality in IT and data center applications offer potential growth
opportunity. In addition, government regulations and penalties imposed by
utilities are expected to increase adoption of harmonic filters in India over
the course of next five years.
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Crompton Greaves
Ltd., Larsen & Toubro Limited, ABB India Limited, Schneider Electric India
Private Limited, Eaton Technologies Pvt Ltd, Siemens India, Schaffner India, Emerson
Network Power Pvt. Ltd, NeoWatt Power Solutions Co. Pvt. Ltd., EPCOS India Pvt.
Ltd., etc., are few of the leading players operating in India harmonic filter market.
The companies operating in the market are increasingly using growth strategies
such as product launches and investing in research & development to
increase their share in the market.
“Among
end users, industrial and commercial segments accounted for the leading market shares
as high voltage machines, which are used in industrial and commercial sectors,
are responsible for the generation of harmonics. Additionally, growing use of
variable speed drives to reduce the overall power consumption in industries
such as metal processing, manufacturing, paper & pulp, etc., are further
boosting the growth of the harmonic filter market in the country.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Harmonic Filter Market By Filter Type,
By Voltage Level, By Phase, By End User, By Region, Competition, Forecast &
Opportunities, 2025” 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 decision. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the India harmonic filter market.
Contact
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