Active Harmonic Filter Market
Active Harmonic Filter Market Forecasts to 2030 - Global Analysis By Type (Low-voltage, Middle-voltage and High-voltage), By Application (Residential and Commercial) and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
8.65% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Active Harmonic Filter Market is growing at a CAGR of 8.65% during the forecast period. Electronic devices called active harmonic filters are used to reduce harmonic distortion in electrical systems. For the load that needs to be compensated, they are connected in parallel. They gauge the distortion caused by harmonics and then introduce a countercurrent into the system to remove it. IGBT and a CPU are used to manage the filtering process.
Market Dynamics:
Driver:
Rising use of nonlinear loads and stringent regulations
The proliferation of nonlinear loads in various industries, such as manufacturing, data centers, and commercial buildings, is a significant driver. These nonlinear loads, including variable frequency drives (VFDs), LED lighting, and IT equipment, generate harmonic currents that AHFs can mitigate. Additionally, governments and regulatory bodies worldwide have imposed stricter limits on harmonic distortion levels. Compliance with these standards is essential for organizations to avoid fines and penalties. AHFs help industries meet these regulatory requirements. Such aspects are accelerating market growth.
Restraint:
High initial costs
The upfront costs associated with purchasing and installing AHFs can be significant. This cost factor may deter some potential customers, particularly smaller businesses and organizations with limited budgets. Moreover, installing AHFs can be a complex process, requiring careful integration with existing electrical systems. This complexity can lead to longer installation times and potentially higher installation costs which limits the market growth.
Opportunity:
Growing industrialization and increasing adoption of renewable energy sources
The expansion of industries, commercial buildings, and infrastructure projects worldwide creates a significant demand for AHFs. These facilities often incorporate a wide range of nonlinear loads, making AHFs essential for maintaining power quality and compliance with regulatory standards. Moreover, the increasing adoption of renewable energy sources like solar and wind power presents an opportunity for AHFs. These sources can introduce harmonic issues into the grid due to their variable output, making AHFs crucial for mitigating harmonics and ensuring grid stability.
Threat:
Lack of awareness and education
Many potential customers may have limited knowledge about harmonic distortion and the benefits of active harmonic filters. A lack of awareness can hinder market growth as potential customers may not fully understand the value of these devices. Moreover, small organizations, especially in sectors with tight budgets, may prioritize other capital expenditures over AHFs, considering them as non-essential investments.
Covid-19 Impact:
The COVID-19 pandemic disrupted the active harmonic filter market with supply chain disruptions, project delays, and economic uncertainty. Some industries, like data centers and healthcare, increased AHF demand, emphasizing power quality. However, postponed projects and budget constraints affected AHF installations. Organizations also refocused on energy efficiency. AHF manufacturers adapted by diversifying supply chains. As economies recover, the AHF market remains important for maintaining power quality, but the pandemic's impact varied by region and sector.
The commercial segment is expected to be the largest during the forecast period
Over the projection period, it is predicted that the commercial segment will experience a larger market size. Many commercial facilities, such as HVAC systems, escalators, and conveyor belts, use VFDs to control motor speed. VFDs are known for generating harmonic currents. Active harmonic filters are employed to counteract these harmonics, ensuring that the power quality remains within acceptable limits and preventing damage to other electrical equipment. These filters play a crucial role in ensuring that commercial operations run smoothly and efficiently while reducing the risk of costly equipment failures and downtime.
The high-voltage segment is expected to have the highest CAGR during the forecast period
During the forecast period, it is expected that the high-voltage segment will experience lucrative growth. High-voltage AHFs are utilized in larger industrial operations, utility-scale power systems, and infrastructure projects where voltage levels can exceed several kilovolts. These AHFs are designed to handle high-power loads and are often used to mitigate harmonics generated by large motors, heavy industrial equipment, and other high-power electrical machinery which is fueling the growth of the market.
Region with largest share:
The North America region is expected to witness largest market share. Industries, including manufacturing, petrochemical, and automotive sectors, often employ AHFs to counteract the adverse effects of harmonic distortion. The data center industry in North America is booming due to the increasing demand for cloud computing and data storage services. Moreover, energy efficiency is a key focus in North America. Their usage continues to grow as power systems become more complex, and the demand for clean and stable power increases.
Region with highest CAGR:
During the forecast period, a rapid growth rate is anticipated in the Asia-Pacific region. Asia Pacific is home to a wide range of industries, including automotive, electronics, steel, and petrochemicals. These industries often employ AHFs to counteract the harmful effects of harmonic distortion generated by non-linear loads like variable frequency drives (VFDs) and rectifiers. Major cities in Asia Pacific have seen rapid urbanization and the construction of large commercial complexes, office buildings, and shopping malls. These facilities rely on AHFs to protect elevators, escalators, lighting systems, HVAC equipment, and other critical electrical loads from harmonic issues which is fueling the region’s growth.
Key players in the market
Some of the key players in Active Harmonic Filter market include ABB, DELTA, Eaton, Schaffner, Schneider Electric, Sinexcel, Staco Energy Products and Transcoil.
Key Developments:
In September 2023, ABB announced an investment of $280 million to expand its manufacturing footprint in Europe and build a new state-of-the-art ABB Robotics European Campus in Västerås, Sweden. The Campus will serve as the hub for ABB Robotics’ offering in Europe, providing customers with AI-enabled collaborative and industrial robots, as well as digital solutions to support flexible automation as part of the company’s “local for local” production strategy. Replacing the existing robotics facilities at the site, the new Campus is planned to open in late 2026.
In September 2023, intelligent power management company Eaton announced the investment of an additional $150 million to increase the supply of its electrical power distribution solutions for customers across North America. As part this investment, Eaton is committing $80 million to significantly expand its manufacturing footprint in El Paso, Texas—creating more than 600 new skilled manufacturing jobs, opening a new facility and increasing capacity at its existing manufacturing plant.
Types Covered:
• Low-voltage
• Middle-voltage
• High-voltage
Applications Covered:
• Residential
• Commercial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Active Harmonic Filter Market, By Type
5.1 Introduction
5.2 Low-voltage
5.3 Middle-voltage
5.4 High-voltage
6 Global Active Harmonic Filter Market, By Application
6.1 Introduction
6.2 Residential
6.3 Commercial
7 Global Active Harmonic Filter Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 ABB
9.2 DELTA
9.3 Eaton
9.4 Schaffner
9.5 Schneider Electric
9.6 Sinexcel
9.7 Staco Energy Products
9.8 Transcoil
List of Tables
1 Global Active Harmonic Filter Market Outlook, By Region (2021-2030) ($MN)
2 Global Active Harmonic Filter Market Outlook, By Type (2021-2030) ($MN)
3 Global Active Harmonic Filter Market Outlook, By Low-voltage (2021-2030) ($MN)
4 Global Active Harmonic Filter Market Outlook, By Middle-voltage (2021-2030) ($MN)
5 Global Active Harmonic Filter Market Outlook, By High-voltage (2021-2030) ($MN)
6 Global Active Harmonic Filter Market Outlook, By Application (2021-2030) ($MN)
7 Global Active Harmonic Filter Market Outlook, By Residential (2021-2030) ($MN)
8 Global Active Harmonic Filter Market Outlook, By Commercial (2021-2030) ($MN)
9 North America Active Harmonic Filter Market Outlook, By Country (2021-2030) ($MN)
10 North America Active Harmonic Filter Market Outlook, By Type (2021-2030) ($MN)
11 North America Active Harmonic Filter Market Outlook, By Low-voltage (2021-2030) ($MN)
12 North America Active Harmonic Filter Market Outlook, By Middle-voltage (2021-2030) ($MN)
13 North America Active Harmonic Filter Market Outlook, By High-voltage (2021-2030) ($MN)
14 North America Active Harmonic Filter Market Outlook, By Application (2021-2030) ($MN)
15 North America Active Harmonic Filter Market Outlook, By Residential (2021-2030) ($MN)
16 North America Active Harmonic Filter Market Outlook, By Commercial (2021-2030) ($MN)
17 Europe Active Harmonic Filter Market Outlook, By Country (2021-2030) ($MN)
18 Europe Active Harmonic Filter Market Outlook, By Type (2021-2030) ($MN)
19 Europe Active Harmonic Filter Market Outlook, By Low-voltage (2021-2030) ($MN)
20 Europe Active Harmonic Filter Market Outlook, By Middle-voltage (2021-2030) ($MN)
21 Europe Active Harmonic Filter Market Outlook, By High-voltage (2021-2030) ($MN)
22 Europe Active Harmonic Filter Market Outlook, By Application (2021-2030) ($MN)
23 Europe Active Harmonic Filter Market Outlook, By Residential (2021-2030) ($MN)
24 Europe Active Harmonic Filter Market Outlook, By Commercial (2021-2030) ($MN)
25 Asia Pacific Active Harmonic Filter Market Outlook, By Country (2021-2030) ($MN)
26 Asia Pacific Active Harmonic Filter Market Outlook, By Type (2021-2030) ($MN)
27 Asia Pacific Active Harmonic Filter Market Outlook, By Low-voltage (2021-2030) ($MN)
28 Asia Pacific Active Harmonic Filter Market Outlook, By Middle-voltage (2021-2030) ($MN)
29 Asia Pacific Active Harmonic Filter Market Outlook, By High-voltage (2021-2030) ($MN)
30 Asia Pacific Active Harmonic Filter Market Outlook, By Application (2021-2030) ($MN)
31 Asia Pacific Active Harmonic Filter Market Outlook, By Residential (2021-2030) ($MN)
32 Asia Pacific Active Harmonic Filter Market Outlook, By Commercial (2021-2030) ($MN)
33 South America Active Harmonic Filter Market Outlook, By Country (2021-2030) ($MN)
34 South America Active Harmonic Filter Market Outlook, By Type (2021-2030) ($MN)
35 South America Active Harmonic Filter Market Outlook, By Low-voltage (2021-2030) ($MN)
36 South America Active Harmonic Filter Market Outlook, By Middle-voltage (2021-2030) ($MN)
37 South America Active Harmonic Filter Market Outlook, By High-voltage (2021-2030) ($MN)
38 South America Active Harmonic Filter Market Outlook, By Application (2021-2030) ($MN)
39 South America Active Harmonic Filter Market Outlook, By Residential (2021-2030) ($MN)
40 South America Active Harmonic Filter Market Outlook, By Commercial (2021-2030) ($MN)
41 Middle East & Africa Active Harmonic Filter Market Outlook, By Country (2021-2030) ($MN)
42 Middle East & Africa Active Harmonic Filter Market Outlook, By Type (2021-2030) ($MN)
43 Middle East & Africa Active Harmonic Filter Market Outlook, By Low-voltage (2021-2030) ($MN)
44 Middle East & Africa Active Harmonic Filter Market Outlook, By Middle-voltage (2021-2030) ($MN)
45 Middle East & Africa Active Harmonic Filter Market Outlook, By High-voltage (2021-2030) ($MN)
46 Middle East & Africa Active Harmonic Filter Market Outlook, By Application (2021-2030) ($MN)
47 Middle East & Africa Active Harmonic Filter Market Outlook, By Residential (2021-2030) ($MN)
48 Middle East & Africa Active Harmonic Filter Market Outlook, By Commercial (2021-2030) ($MN)
List of Figures
List of Figures
Figure 1 Global Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 2 North America Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 3 US Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 4 Canada Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 6 Europe Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 7 Germany Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 8 UK Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 9 Italy Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 10 France Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 11 Spain Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 14 Japan Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 15 China Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 16 India Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 17 Australia Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 21 South America Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 24 Chile Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 28 UAE Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Active Harmonic Filter Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Active Harmonic Filter Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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