The harmonic filters market will register a CAGR of more than 4% by 2022.
The rising investments in renewable energy to trend in the market. Resources available for industries across the world are limited as most government has imposed strict regulations to control the use of resources. Consumers are also motivated to use eco-friendly products.
Power quality refers to the efficiency of power. High power quality refers to a situation when a power supply is always available and within the required frequency and the voltage tolerance and sinusoidal waveform do not have any sags, spikes, or other electronic disturbances. Power network reliability issues have increased the need for efficient power supply in industrial and commercial premises.
Though harmonic filters provide better return on investment, end-users must make significant investments compared with economical alternatives such as line reactors and load reactors. The high switching cost is a major obstacle for end-users to implement these filters in their production processes.
With the presence of a considerable number of companies, this market appears to be concentrated. Some of the leading harmonic filter manufacturers are focused on developing advanced equipment that meets the expectations of the end-users. This market study provides an extensive analysis of the harmonic filtration sector by considering the evolving demographics and consumer behavior in the market.
Market Trends
Rising Investments in Renewable Sources of Energy
Advent of IoT
Evolving Competitive Scenario
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 07: MARKET SEGMENTATION BY PRODUCT
Overview
Comparison by product
PHF - Market size and forecast 2017-2022
AHF - Market size and forecast 2017-2022
Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
Overview
Comparison by end-user
Industrial - Market size and forecast 2017-2022
Non-industrial - Market size and forecast 2017-2022
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