The
market for harmonic filters in India is forecast to reach USD 188.5
million by 2019. Some of the factors responsible for growth of
harmonic filter market are increasing use for harmonic mitigation in
variable frequency drives and rising demand for power quality across
different industries. The growth of the power sector is further
supporting the harmonic filter market in India.
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Harmonic Filters Market. Report with Full TOC at
http://www.transparencymarketresearch.com/india-harmonic-filters-market.html
India
Harmonic Filter market was valued at USD 81.1 million in 2012. The
market revenue is anticipated to grow at a CAGR of 12.8% from 2013 to
2019. The market is segmented by type into active and passive
filters. Among these filter types; passive filters dominated the
market, accounting for majority of market revenue share in 2012.
However, active filters are expected to grow in the coming years
owing to increasing awareness related to the benefits of using active
filters over passive filters to achieve higher harmonic mitigation.
In addition, another major factor that governs the purchase of
harmonic filter is the suitable voltage level. Harmonic filters are
available for low voltage, medium voltage and high voltage
applications. Low voltage harmonic filters are used majorly in the
current scenario. However, the demand for medium and high voltage is
expected to increase during the forecast period.
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Harmonic
filters find their application across majority of the end use
sectors. Some of the major application segments include industrial,
IT and data center, automotive and oil & gas industry. Among
these applications highest revenue was contributed by the industrial
sector in 2012 owing to excessive use of harmonic filters for
harmonic correction in drives. Amongst the other application sectors,
IT and data center and automotive applications are major applications
and these applications are expected to expand their market share in
the coming years with an expected increase in the consumer awareness.
Some
of the key players for the harmonic filters market in India include
ABB India Ltd., Schneider Electric India, Emerson Network Power
(India) Pvt. Ltd., Schaffner Group, and Neowatt Power Solutions Co.
Pvt. Ltd. among others.
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Press Release Of Harmonic Filters Market in India
http://www.transparencymarketresearch.com/pressrelease/india-harmonic-filters-market.htm
This
report analyzes the India harmonic filters market in terms of revenue
(USD million). The market has been segmented as follows:
Harmonic
filter market in India, by Type:
- Active Harmonic Filter
- Passive Harmonic Filter
Harmonic
filter market in India, by Voltage Level:
- Low voltage
- Medium voltage
- High voltage
Harmonic
filter market in India, by Application:
Industrial
- Manufacturing
- Metal processing
- Pulp and paper
- IT and data center
- Automotive
- Oil & gas
- Others (Water treatment, packaging etc.)
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