India Harmonic Filter Market to Reach USD 188.5 million by 2019

A harmonic filter is used to mitigate the harmonic distortion created by appliances/equipments that are non-linear load. With growing number of power based electronic equipments, it has become necessary to ensure power quality. The severity of power quality in power networks has necessitated the increasing use of harmonic filters that not only reduce current and voltage harmonics, but also regulates terminal voltage and improves voltage balance in three phase systems.

Rising demand for power quality across different verticals such as industrial, automotives, IT and data center, and oil and gas among others is the major factor driving the market in India. In addition, increasing adoption of variable frequency drives generating harmonics in industrial as well as commercial applications is expected to support the growth of harmonic filters. In spite of these growth factors, lack of awareness, high costs of harmonic filters, and availability of substitutes have collectively inhibited the growth of harmonic filters market in India. However, escalating demand for ensuring optimum power quality in IT and data center applications offer potential opportunity for the growth. In addition, government regulations and penalties imposed by utilities are expected to increase adoption of harmonic filters in India.

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Harmonics occur in an electrical power system due to fluctuations in current or voltage levels. Harmonic fluctuations in the power system are a frequent cause of power quality issues and its proliferation severely disrupts the working of the whole system.

Among the two types of harmonic filters, passive filters dominated the Indian market in 2012; however, the demand for active filters is expected to rise in the forecast period. Moreover, the harmonic filters market offers products operating on different voltage levels such as low, medium, and high. Among these, low voltage harmonic filters are widely used in the present scenario; nevertheless, the demand for high and medium voltage harmonic filters is anticipated to rise in the near future.

Moreover, the rising need for power quality is crucial as there is significant shortage of power in India. As a result, the demand for harmonic filters is increasing for the purpose of harmonic suppression across varied industries such as oil and gas, manufacturing, and automotive. In addition, the enforcement of penalties by utilities and rigid regulations set by the government regarding the maintenance of harmonic levels in numerous industries are anticipated to propel the demand in the near future.

The major factors driving the India harmonic filter market are the increasing demand for power quality in numerous industries and increased utilization of harmonic mitigation in different frequency drives. The growth of the power sector is also boosting the harmonic filter market in India. However, factors such as low product differentiation, high cost of harmonic filters, and easy availability of substitutes are expected to hold back the growth of the India harmonic filter market in the near future.

This 88 page report gives readers a comprehensive overview of the Harmonic Filters Market in India. Browse to unlock the hidden opportunities in this market
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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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