The global harmonic filter market is poised to exhibit a steady CAGR of 6.9% during the forecast period. This growth trajectory translates to a substantial revenue increase, with the market value projected to reach USD 977.8 million in 2023 and forecasted to surpass USD 1,911.5 million by 2033.
The fundamental driver behind this surge lies in the capacity of harmonic filters to mitigate distortions within networks characterized by notably elevated levels of harmonics. This capacity is poised to catalyze heightened adoption rates of harmonic filters across various sectors.
The market is largely driven by the escalating demand for power quality and the increasing need to mitigate power system distortions. As industries and businesses continue to rely heavily on sensitive electronic equipment, any disruption in power quality can lead to operational inefficiencies and equipment damage. This has propelled the adoption of harmonic filters to counteract the adverse effects of harmonics and maintain a stable power supply.
Stringent government regulations and standards regarding power quality and harmonics are compelling industries to invest in advanced harmonic filter solutions. Compliance with these regulations not only ensures uninterrupted operations but also aids in avoiding penalties and reputation damage. Additionally, the growing awareness of the economic advantages associated with improved power quality is likely to drive the market growth.
The market faces challenges such as relatively limited product differentiation and a prevailing lack of awareness regarding their operational benefits. On the flip side, it's important to note that investments are on the rise within the consumer electronics industry. This upward trajectory in investments is projected to unlock new avenues of opportunity for the harmonic filter market to expand.
| Attribute | Details |
|---|---|
| Harmonic Filter Market Historical Size (2022) | USD 928.6 million |
| Harmonic Filter Market Present Size (2023) | USD 977.8 million |
| Harmonic Filter Market Projected Size (2033) | USD 1,911.5 million |
| Historical Market CAGR (2018 to 2022) | 4.8% |
| Forecasted Market CAGR (2023 to 2033) | 6.9% |
The Industry 4.0 sphere is witnessing the increasing deployment of Variable Frequency Drives (VFD), particularly in high-demanding power applications. These are increasingly being installed in electrical power systems to reduce overall power consumption.
The era of modern electrical power systems includes such as supervisory control and data acquisition (SCADA) systems and solar systems. A considerable amount of harmonic distortion in electrical networks is created in electrical networks as a consequence of applied high-frequency non-sinusoidal current in the circuit through high load factors, including programmable logical controllers (PLCs), printers, and computers.
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The increasing demand for static converters and power inverters in commercial applications such as data centers and cloud computing is expected to accelerate market growth. Additionally, the growing inclination toward renewable energy solutions and upgraded power grids is anticipated to foster an upsurge in the need for harmonic filters.
Given the ongoing surge in power demand, the significance of maintaining high standards of power quality and reliability cannot be overstated. The complex web of modern power systems is vulnerable to various disturbances that can compromise the seamless flow of electricity. Among these disruptions, harmonic frequencies hold a prominent position as a leading source of power quality problems.
The implementation of harmonic filters emerges as a robust solution to counteract the detrimental influence of harmonic frequencies. These filters are designed to selectively absorb or redirect specific frequencies, effectively mitigating the disruptive effects of harmonics. By incorporating harmonic filters into power systems, the unwanted frequencies can be significantly reduced, leading to improved power quality and reduced losses.
The surge in mass transportation and telecommunication has led to increased demand for infrastructure development, including routers, high-end machines, servers, commercial space, and lighting systems among leading companies. These developments have also become a significant source of harmonic distortion. The heightened awareness of the impact of harmonic distortion on energy costs for IT and data centers is projected to drive the sales of harmonic filters.
The implementation of harmonic filters exhibits a gradual pace within small-scale industries. This phenomenon primarily stems from the presence of economical alternatives like budget-friendly filters, reactors, and transformers. Despite these substitutes offering incomplete harmonic mitigation, they remain the choice of economically cautious customers in emerging markets due to their more affordable price points.
Regulatory factors and industry standards might not mandate the use of harmonic filters in certain regions or sectors. In the absence of strict requirements, businesses might prioritize other immediate concerns over the potential long-term advantages of harmonic filtering.
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The demand for power inverters is on the rise, driven by the growing impact of cloud computing. Additionally, a heightened awareness regarding the detrimental effects of power frequency fluctuations on heating and electrical appliances has emerged. These factors are poised to act as lucrative catalysts for the expansion of the harmonic filter market.
The integration of Internet of Things and smart technology into power management systems is likely to open new opportunities for market players. Remote monitoring, predictive maintenance, and real-time analysis capabilities are enhancing the efficiency of harmonic filters and reducing downtime. This integration lines up with the overarching trend of digitalization across industries.
North America dominated the global harmonic filter market in 2022, commanding a significant 25.3% of the revenue. This can be attributed to the region's substantial production of consumer electronic goods and a sizable population base.
| Country | United States |
|---|---|
| 2022 Value Share in Global Market | 17.1% |
The harmonic filter market in the United States has seen a significant rise due to the escalating presence of non-linear loads in industrial and commercial sectors. Leading industries in the United States are opting for harmonic filters to ensure operational stability and uphold power quality standards. Regulations set by organizations like IEEE 519 -2022 have further underscored the need for effective harmonic mitigation.
Leading manufacturers have introduced advanced harmonic filter solutions that cater to the diverse needs of industries such as manufacturing, data centers, and healthcare. MTE Corporation, a global frontrunner in crafting power quality solutions for industrial and commercial uses, introduced Matrix® ONE in the country. It is a dedicated solution tailored for single-phase power requirements. Matrix® ONE extends the range of Matrix® harmonic filters, renowned across the sector for their leading-edge harmonic reduction capabilities.
Europe has emerged as a burgeoning player in the harmonic filter market, securing a notable 22.3% revenue share in 2022. This growth can be attributed to significant investments in renewable energy initiatives by governments across various countries, including the United Kingdom, Germany, and France. Europe has outlined a goal of attaining a 27% share of renewable energy in its overall energy composition by 2030.
The integration of these renewable energy sources into the grid introduces fluctuations in voltage, which, in turn, account for a substantial 20% of power loss within electrical systems. The upswing observed in the alternate energy sector significantly propels the expansion of the harmonic filters market.
| Country | Germany |
|---|---|
| 2022 Value Share in Global Market | 6.4% |
| Country | United Kingdom |
|---|---|
| Value CAGR (2023 to 2033) | 5.2% |
Germany, known for its industrial prowess, has witnessed a similar trend in the harmonic filter market. The manufacturing sector, including the automotive and machinery industries, has been at the forefront of embracing harmonic filters to ensure optimal operation of equipment and compliance with power quality standards. Notably, a collaborative investment of USD 117 million between Germany and Ghana in 2017 exemplifies the commitment to enhancing renewable energy infrastructure.
In the United Kingdom, industries such as manufacturing, information technology, and healthcare have demonstrated a significant uptake of harmonic filters to counter the challenges posed by harmonics. The MTE Corporation Matrix AP Harmonic Filter, featuring its pioneering adaptive passive filtering technology, was unveiled by DEM Manufacturing. The stringent power quality regulations outlined by organizations like the IET Wiring Regulations have played a pivotal role in propelling the adoption of harmonic mitigation solutions.
As the demand for reliable and efficient power distribution systems surges, countries within the Asia Pacific region recognize the critical role that harmonic filters play in maintaining grid stability and power quality. Consequently, governments and industries are channeling significant resources into bolstering their infrastructure to accommodate the expanding requirements of the energy sector.
| Country | Japan |
|---|---|
| 2022 Value Share in Global Market | 2.3% |
| Countries | Value CAGR (2023 to 2033) |
|---|---|
| China | 7.5% |
| India | 9.2% |
In Japan, the drive toward energy efficiency and the adoption of advanced technologies has led to a heightened focus on power quality. The country's strict regulations and standards for power quality, set by organizations like the Japan Electrical Manufacturers' Association, have been instrumental in propelling the harmonic filter market. Japan's commitment to maintaining high power quality standards is evident through its strict regulations and guidelines for harmonic control. In Japan, active filters with a capacity spanning from 50 KVA to 60 MVA have been effectively deployed.
China, as a global manufacturing hub, has seen a surge in the adoption of harmonic filters across industries such as electronics, automotive, and heavy machinery. The country's rapid industrialization and urbanization have increased the load on power systems. With the increasing deployment of renewable energy projects, China's power grid faces the task of accommodating intermittent energy sources. As a result, harmonic filters are playing a crucial role in managing power quality issues arising from renewable energy integration.
In India, the government's push for 'Make in India' and its initiatives in the electronics and manufacturing sectors have spurred the demand for harmonic filters. India's ambitious renewable energy goals have heightened the demand for harmonic filters that can manage the integration of renewable sources into the grid effectively. The industrial sector accounted for more than half of the total revenue in the Indian market. Harmonic filters are widely employed in Variable Frequency Drives to mitigate harmonics across diverse end-use industries.
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| Segment | Active Type |
|---|---|
| 2022 Value Share in Global Market | 18.7% |
| Segment | Medium Voltage |
|---|---|
| 2022 Value Share in Global Market | 52.2% |
The active type segment commands a significant presence in the market by offering efficient management of harmonic distortions and proactive power quality regulation. Its real-time monitoring and rapid response to harmonic loads ensure reduced distortions, improved efficiency, and minimized downtime in various industrial applications. This adaptable technology caters to sectors like manufacturing, data centers, and renewable energy systems, solidifying its prominence.
The active type harmonic filters' capability to enhance equipment permanence, maintain power factor, and advocate power quality standards positions them as a crucial solution for industries. As industries prioritize reliability and efficiency, active type harmonic filters are poised to continue their prevalent impact on modern electrical power management.
The medium voltage segment's supremacy in the market stems from its essential role in addressing power quality challenges within industries operating at this voltage range. The segment's dominance is a result of persistent demand from manufacturing, energy, and infrastructure domains, where harmonic filters effectively manage power quality issues. The prevalence of non-linear loads, strict regulatory standards, and harmonics-induced disruptions further drive the adoption of harmonic filters.
Technological advancements have streamlined their integration into medium voltage systems, cementing their significance. This segment's leadership is expected to persist as industries prioritize operational efficiency and adherence to power quality regulations. This reinforces the fundamental role of medium voltage harmonic filters in the market.
In parallel with established manufacturers, many start-ups are actively addressing harmonic distortions and non-linear loads within the electrical power system. These emerging companies are strategically deploying innovative solutions such as harmonic filters and related services to effectively mitigate these issues.
PQE - It is engaged in developing comprehensive hardware and software-based power quality monitoring systems catering to diverse sectors including the power grid, health & safety, and various industry segments. The hardware products offered are portable analyzers, power correction equipment, voltage controller, passive filter, and many others.
SCG Electrical Group - They are a provider of project management services for the implementation of efficiency systems. It offers workplace surveys and audits, usage and saving forecasts, approval, and installations. They provide different systems, spanning from cutting-edge lighting controls, occupancy sensors, and daylight harvesting to sophisticated building automation systems, metering solutions, and HVAC systems. Additionally, their service include thermographic scanning and preventative maintenance, switchboard testing, repairing, and upgrading.
The landscape of the harmonic filters industry is characterized by intense competition and fragmentation, primarily due to the significant presence of numerous participants. Market players actively engage in mergers, acquisitions, and partnerships, leveraging advanced technologies strategically to amplify and diversify their product portfolio. This proactive approach toward consolidation and innovation underscores the industry's drive toward enhanced competitiveness and value creation.
Recent developments in the harmonic filter market are:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.9% from 2023 to 2033 |
| The base year for estimation | 2022 |
| Historical data | 2018 to 2022 |
| Forecast period | 2023 to 2033 |
| Quantitative units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Type, Voltage, Modality, Application, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | United States of America; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Schneider Electric SE, Eaton Corporation Plc, ABB Ltd. Danfoss A/S, AVX Corporation, Baron Power Limited, Crompton Greaves Ltd., TDK Corporation, Schaffner Holding AG, Comsys AB, Merus Power Dynamics Oyj, Larsen & Toubro Ltd., Siemens AG, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The Harmonic Filter Market is valued at USD 977.8 million in 2023.
Some of the key players in the Harmonic Filter Market include ABB, Schneider Electric, Siemens, Eaton, General Electric, Mersen, Crompton Greaves, Delta Electronics, CIRCUTOR, and Littelfuse.
Active harmonic filters are likely to remain preferred through 2033.
Players opt for product launches and partnerships.
India, Japan, and China dominate the Asian market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Active 5.2. Passive 5.3. Tuned 5.4. De-tuned 5.5. Hybrid 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage 6.1. Low 6.2. Medium 6.3. High Medium 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Modality 7.1. Single Phase 7.2. Three Phase 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Commercial 8.2. Industrial 8.3. Residential 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Baron Power Limited 19.2. Crompton Greaves Ltd 19.3. TDK Corporation 19.4. Schaffner Holding AG 19.5. Comsys AB 19.6. Merus Power Dynamics Oy 19.7. Larsen & Toubro Ltd. 19.8. Siemens AG 19.9. Schneider Electric SE 19.10. Eaton Corporation Plc 20. Assumptions & Acronyms Used 21. Research Methodology
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Harmonic Filter Market
