Harmonic Filter Market To Power Exponentially And Reach USD 1470.7 Million by end of 2026

According to the report published by Zion Market Research, global demand for Harmonic Filter market was valued at approximately USD 920.2 Million in 2019, and is expected to generate revenue of around USD 1470.7 Million by end of 2026, growing at a CAGR of around 8.1% between 2020 and 2026. The development of the market can be credited to the rising requirement for harmonic filters from commercial and industrial industries. Both passive and active kinds of harmonic filters are more and more employed in commercial, industrial, and residential applications.

The key players in the global market are Danfoss A/S, ABB Ltd., Eaton Corporation Plc, Schneider Electric SE, and Schaffner Holding AG, among others. These players have used different tactics, such as agreements, contracts, new product launches, partnerships, and business growths to suffice the rising needs of harmonic mitigation all over commercial and industrial applications.

Low Voltage Harmonic Category Is Projected To Develop At The Max CAGR In The Years To Come

The low voltage harmonic category, on the basis of voltage level, is projected to develop at the max CAGR in the years to come. Moreover, this category is predicted to add up for the biggest share by 2025. The high development rate of the low voltage harmonic category is owing to the employment of such filters in power distribution, transmission, and in different process & manufacturing industries.

Industrial Category Is Predicted To Add Up For The Biggest Share Of The Harmonic Filter Market In The Coming Years

Amongst end-users, industrial category is predicted to add up for the biggest share of the harmonic filter market in the coming years. Industrial hubs are the primary makers of harmonic currents, since devices normally work at an extremely high voltage. Various sectors, such as metal processing, manufacturing, oil & gas, and automotive, comprise some kind of power exchange to operate. Harmonic filters are employed for a large amount of industrial cases, such as oil & gas, manufacturing, metal processing, and paper & pulp.

Asia Pacific Is Predicted To Have The Biggest Share Of The Global Harmonic Filter Market

Asia Pacific is predicted to have the biggest share of the global harmonic filter market. In addition to this, the Asia Pacific market is predicted to develop at the max CAGR from 2019 to 2025. This is owing to the development of various sectors in the area and the acceptance of complex tools that aims to create harmonics. In addition to this, APAC is predicted to top the global market, since there are a huge number of processing and manufacturing sectors in different nations of Asia Pacific, particularly India, China, South Korea, and Singapore.

Browse the full “Harmonic Filter Market Filter Type (Active Harmonic Filters And Passive Harmonic Filters), Voltage Level (Low Voltage Harmonic Filters, High Voltage Harmonic Filters, And Medium Voltage Harmonic Filters), End Use Industry (Industrial, Oil & Gas, IT And Data Centres, And Automotive Sectors): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/harmonic-filter-market

The global harmonic filter market is segmented as follows:

By Type

• Active
• Passive

By Voltage Level

• Low Voltage Harmonic
• Medium Voltage Harmonic
• High Voltage Harmonic

By Phase

• 1-Phase
• 3-Phase

By End-User

• Industrial
• Commercial
• Residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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