Tuned Passive Harmonic Filters Market Scope Emerging Trends, Analysis And ForecaPosted by rohit on March 13th, 2020 Market Overview Passive harmonic mitigation systems or devices are used for power factor correction and have several advantages such as low power losses, better system performances, and better power efficiency, in addition to low cost over active filters. However, owing to these aforementioned factors, passive filters have found extensive applications in almost every electric grid and distribution networks. These tuned passive harmonic filters have applications in various end-use industries including food, pulp & paper, refining, exploration, pharmaceuticals, large commercial spaces, electronic industries, and automotive, among others, and this is expected to present considerable growth prospects over the coming years. Energy Information Administration’s International Energy Outlook 2016, global industrial consumption of electrical energy as a power source is expected to grow from 31.9 quadrillion British Thermal Units (Btu) in 2012 to 40.0 Btu in 2025. Moreover, OECD countries are expected to witness an annual average change of 0.7% and non-OECD countries of 1.6% in the duration of 2012–2040. Furthermore, increasing utilization of renewable energy sources for electricity generation is among the prominent trends gaining traction, in order to reduce environmental impacts, which is expected to fuel demand for tuned passive harmonic filters over the forecast period.
Market Dynamics Power systems have recurring distortions of current and voltage waveforms, owing to extensive usage of loads that produce currents with higher frequencies. Growing number of non-linear loads in conjunction with substantial surge in demand for electricity has led to introduction of large number of parameters that distort the voltage and can potentially cause malfunction, overheating, and breakdown of the systems utilized in power systems. Requirement to provide consistent supply and avoid potential damage to the end user and power systems is expected to lead to demand for these power factor correction systems and fuel growth of the tuned passive harmonic filters market. These equipment are featured with large sizes of MVAR ratings, maintenance free service, and are economically viable than synchronous condensers. It also offers many advantages for systems that require high starting power, voltage support, and protection in case of source. These features are expected to lead to high adoption of these systems over the forecast period. Tuned Passive Harmonic Filters Market Taxonomy: On the basis of filter types, the global tuned passive harmonic filters market is classified into:
On the basis of verticals, the global tuned passive harmonic filters market is classified into:
Some of the key players in the global tuned passive harmonic filters market included Eaton Corp, ABB, Comsys AB, Schneider Electric, DELTAUS, Siemens, Crompton Greaves, Emerson Electric, Schaffner Holding, and MTE Corporation. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |