Research and Markets has announced the addition of the "Harmonic Filter Market by Type (Active, and Passive), Voltage Level (Low Voltage Harmonic, Medium Voltage Harmonic, and High Voltage Harmonic), Phase, End User, and Region - Global Forecast to 2023" report to their offering.
The harmonic filter market is projected to grow at a CAGR of 6.65% between 2017 and 2023
According to the new market research report, the harmonic filter market is projected to grow from USD 0.70 billion in 2016 to USD 1.12 billion by 2023, at a CAGR of 6.65% between 2017 and 2023. The key reason fueling the growth of the market is the need to eliminate the harmonic distortion caused by nonlinear loads. Harmonics in power systems result in increased heating of equipment and conductors, misfiring in variable speed drives, and torque pulsations in motors. Thus, reduction of harmonics using filters is crucial across industrial and commercial sectors.
The cost of Passive Harmonic Filter (PHF) is lower than Active Harmonic Filter (AHF), as the former is built using passive network elements, such as resistors, capacitors, and inductors. In the present scenario, PHF is most commonly used to control the flow of harmonic currents. PHFs offer a plug-and-play approach with more compact dimensions, which is one of their major advantages over AHFs.
The harmonic filter market has been studied for North America, Europe, APAC, and RoW. The market in APAC is expected to grow at the highest rate between 2017 and 2023. This can be attributed to the growth of different industries in the region and the adoption of complex equipment that tend to generate harmonics.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Harmonic Filter Market, By Type
8 Harmonic Filter Market, By Voltage Level
9 Harmonic Filter Market, By End-User
10 Harmonic Filter Market, By Phase
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/lprzq7/harmonic_filter
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