Harmonic Filter Market by Type (Active, and Passive) worth 1.12 Billion USD by 2023
The harmonic filter (HF) market has witnessed enormous technological developments in the past few years. Companies in the APAC region have witnessed significant growth and hold a major share of the harmonic filter market ecosystem. The companies mainly adopt strategies of contracts, partnerships, and agreements to grow in the market. Currently, these companies are adopting the strategies of mergers & acquisitions, expansions, and new product launches, among others to grow in the harmonic filter market.
harmonic filter market is projected to reach USD 1.12 Billion by 2023, at a
CAGR of 6.65% from 2017 to 2023. The base year used for study is 2016, and the
forecast period is from 2017 to 2023. This report provides a detailed analysis
of the market based on type, voltage level, phase, end user, and region.
Based on voltage type, the low voltage harmonic segment is estimated to account
for the largest share of the market by 2023. In addition, this segment is
expected to grow at the highest rate between 2017 and 2023.
Browse 75 market data tables and 46 figures spread through 171 pages and in-depth TOC on "Harmonic Filter Market”
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To estimate the size of the harmonic filter market, top players in the market and their market shares have been considered in this report. This research study involves extensive use of secondary sources, such as annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.
After arriving at the overall market size, the total market has been split into several segments and subsegments, and confirmed with key industry experts. The following figure depicts the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
Key players in the harmonic filter market are ABB Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation Plc (Ireland), Danfos