Press Release

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.  

Browse 37 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, 2025has 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.

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