Harmonic
filters are widely used to edge off the harmonic distortion which is
formed by equipments with non-linear load. Safeguarding power quality
has become very essential owing to the number of electronic
equipments available in the market. The necessity of power quality in
power networks has promoted the use of harmonic filters to reduce the
current and voltage harmonics and control terminal voltage, thereby
enhancing voltage balance in three-phase systems.
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In
2012, the harmonic filters market in India stood at US$81.1 million
and is expected to touch US$188.5 million by the end of 2019. This
market is anticipated to exhibit progressive 12.8% CAGR in terms of
revenue between the years 2013 and 2019.
Rising
preference for variable frequency drives has been promoting the use
of harmonic filters. Moreover, the increasing demand for power
quality and the growth of power industry are the factors expected to
boost the demand for harmonic filters in India in the near future.
Regulations and penalties by utilities set by the government of India
for maintaining the harmonic levels in varied industries and the
tremendously rising demand from IT and data centers are the biggest
opportunities for the market payers of the harmonic filters market in
India.
On
the flip side, the high prices of harmonic filters, availability of
alternatives, low product differentiation, and lack of consumer
awareness about harmonic mitigation across end-use industries are
expected to hamper the growth of harmonic filters market in India.
Passive
Harmonic Filters Led the Harmonic Filters Market in 2012
The
harmonic filters market in India has been segmented on the basis of
types into passive harmonic filter and active harmonic filter. In
2012, passive harmonic filters dominated the Indian market,
accounting more than three-fourth of the overall market share and it
is expected to continue with its dominance in the near future. In
spite of the larger contribution from passive harmonic filters,
active harmonic filters are also anticipated to exhibit substantial
growth between 2013 and 2019. The rising demand for active harmonic
filters is due to the benefits and returns provided by active filters
over passive harmonic filters such as voltage stability and harmonic
mitigation.
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The
harmonic filters market in India has been categorized on the basis of
the different voltage levels such as low, medium, and high voltage
harmonic filters. In the present scenario, low voltage harmonic
filters are used extensively in varied application segments. On the
other hand, the demand for high voltage harmonic filters and medium
voltage harmonic filters is anticipated to rise substantially between
the years 2013 and 2019.
Automotive
and IT and Data Center industry to Propel the Demand for Harmonic
Filters Market in India
The
harmonic filters market in India has been further segmented according
to its varied applications which include automotive, oil and gas, IT
and data center, industrial, and others (such as water treatments and
packaging). The industrial application segment is sub-segmented into
manufacturing, pulp and paper, and metal processing.
Among
all these applications, in 2012 industrial sector held the largest
share accounting one-third of the overall market in terms of revenue
due to the increased utilization of harmonic filters in drives for
harmonic correction. Automotive and IT and data center segments are
the other key applications that are estimated to expand their market
horizon in the near future, owing to the increase in consumer
awareness. The rising demand for automotive and IT and data center is
due to the increased need for safeguarding power quality. This has
led to the increased use of harmonic filters in high-end systems,
routers, UPS, HVAC systems, and servers.
Prominent
Market Players of Harmonic Filters Market in India
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Press Release Of Harmonic Filters Market in India
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The
harmonic filters market in India exhibits moderate competition. Some
of the prominent players of the harmonic filters market in India
include EPCOS India Pvt. Ltd., Amtech Electronics (INDIA) Limited,
Schaffner India, ABB India Ltd., Emerson Network Power Pvt. Ltd.,
Schneider Electric India, and NeoWatt Power Solutions Co. Pvt. Ltd.
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