Indian Harmonic Filter Market Size - Industry Trends & Outlook Report 2020-2025
Indian Harmonic Filter Market is anticipated to reach the valuation of
approximately USD billion by the end of the year 2025, by expanding at a
steady CAGR of 10% during the forecast period 2020- 2025. Major of the market
would be driven by the surge in demand for better & improved power quality
options from industries. Such as Automotive, manufacturing, oil & gas, etc.
also strict government policies and regulations related to power reliability
and quality would further help the market to grow.
Indian Harmonic Filter Market Overview
In terms of the electric power system, a
harmonic is a current or voltage present at a multiple of the fundamental
frequency of the system. Which is produced by the action of non-linear loads,
like discharge lighting, rectifiers, or saturated magnetic devices. The
harmonic frequencies present in the power grid gives rise to frequent power
quality problems. Also, the harmonics in power systems cause increased heating
in equipment, and conductor misfiring in variable drives, and torque pulsation
in motors. To avoid and to diminish all of this, a harmonic filter is used.
There are multiple factors due to which
the Indian market is anticipated to perform well, one of them is the Non-linear
load. It is so, due to the initialization of heavy electrical and harmonics
applications such as arc furnace generated harmonics or variable frequency
drive, rectifiers, etc. And to alleviate the related problems, harmonic filters
are used which gets the harmonics down to a much tolerable level.
Indian Harmonic Filter Market
Adoption of variable frequency in Indian industries
The increased adoption of variable
frequency does drive many industries in the mentioned sub-continent. The
industries are residential sectors, housing establishments, commercial sectors
such as malls, shopping complexes, and other public places. And lastly, in the
industries, where manufacturing takes place, the presence of high-end tools,
types of equipment, and machines is there.
The enactment of government laws,
policies, etc. for various industry-related applications and functioning has
also helped the market indirectly. The main cause of which is the fact that
energy should be conserved by any means, and for which government would
penalize any form of industry which do not follow or comply with the power
High costs of the harmonic filters
Despite usefulness, and other credited
attributes the growth of harmonic filters could hamper in the Indian market.
Due to the high costs of the harmonic filter. It would create a margin for the
small or medium scale industries leading to a possible hindrance to the growth
of the relevant market.
Impact of COVID 19 on Indian Harmonic filter market
Since the pandemic has struck many
industries had to halt, so to prevent the virus spread. And to so many small
& medium scale businesses, industries must bear crucial losses, from which
many had to rescue themselves either by taking debts or shutting down. Amidst all
this the manufacturing, automotive, etc. industries did also face downsides, as
there were no assembly lines were carried out, and no production. Leading to a
stagnant market. But as everything is getting normal and the vaccines are being
discovered many productions, manufacturing sites a re-opening giving positive
news and prospect growth for the Indian Harmonic Market.
Indian Harmonic Filter Market Segmentation: By Filter Type
Based on type, the Indian harmonic filter
market is segmented into Active filters, Passive filters, Hybrid filters, etc.
Amongst which the passive filter is anticipated to swell at the highest rate,
in the projected period. This filter technology is comparatively new and aids
in enhancing the performance of harmonic filters. However, these filters use
electronic switching for producing harmonic current/voltage, which
automatically cancels harmonics generated by non-linear loads. Although, the
passive filters did dominate the market in 2019, as they are effective in removing
or eliminating harmonics of lower order.
Indian Harmonic Filter Market Segmentation: By Voltage Level
Based on the voltage level, the market is
segmented into low voltage, medium voltage, and high voltage. These are characterized and applied in the
end-user sectors as per their prior requirements. The low voltage harmonic filters are specially made to
avoid premature degradation of power system components and improper operations
of the sensible loads caused by the distortion of current and voltage harmonic
components in a power grid. These low voltage filters help in the reduction of
the electric bill, thereby no penalties, which is up to 2.5% of the overall
allowances. It also helps in reducing the overall power consumption related to
peak demand. This kind of harmonic filter help in saving up to 3 to 6% of
electricity on its correct installation and maintenance. Therefore, they surely
have high hopes for showcasing growth in the forecast period.
Indian Harmonic Filter Market Segmentation: By Phase
By phase of the harmonic filters, the
Indian market is divided into single-phase, and multi-phase, or 3-phase. The
multi-phase segment was dominant over the market, due to its extensive use in
commercial electrical power systems, and industrial ones for power factor
correction, and reducing the present voltage distortion. Growing demand in
energy, and power manufacturing industries along with data center applications
is projected to support the rise in value for the relevant market in the
forecast period. Additionally, the increase in adoption of consumer electronic
products such as laptops, smartphones, home appliances would bolster the demand
for single-phase harmonic filters.
Indian Harmonic Filter Market Segmentation: By End-User Industry
Based on the End-User industry the
harmonic filter market in India is segmented into Residential,
Commercial, and Industrial. Where the industrial segment did represent more
than 50% of the overall Indian market’s revenue. The extensive usage of
harmonic filters in
VFDs for harmonics mitigation in various end-use industries, like energy &
power, manufacturing, metal & mining, pulp &paper, and water treatment
Indian Harmonic Filter Market Segmentation: Regional Insights
The regional analysis is divided into
East India, West India, North India, and South India. Northern India has more
dominance in the market over the other regions, due to the presence of large
industry setups, in Uttar Pradesh for manufacturing of various tech-items.
Leading operating companies in the Indian
Harmonic Filter market are ABB India Limited,Crompton Greaves Ltd., Eaton
Technologies Pvt Ltd, Emerson Network Power Pvt. Ltd, Larsen & Toubro
Limited, Schneider Electric India Private Limited, Schaffner India, Siemens
India, NeoWatt Power Solutions Co. Pvt. Ltd., EPCOS India Pvt. Ltd., etc. among
December, 03’ 2020
North India, Taking offense to the Punjab
State Power Corporation Limited (PSPCL) decision making installation of ‘power
quality meters’ mandatory for large supply (LS) consumers, the North India
Induction Furnace Association, Punjab (NIIFA) has sought immediate interjection
of the Punjab State Electricity Regulatory Commission (PSERC) seeking deferment
of the decision till the next economic year.
Scope of the Report
Historical data – 2016-2019
Base Year – 2020
Forecast – 2020– 2025
Revenue in USD Billion
Eastern India, Western India,
Northern India, Southern India
By Filter Type, By Voltage
Level, By Phase, By Region
Limited,Crompton Greaves Ltd., Eaton Technologies Pvt Ltd, Emerson Network
Power Pvt. Ltd, Larsen & Toubro Limited, Schneider Electric India Private
Limited, Schaffner India, Siemens India, NeoWatt Power Solutions Co. Pvt.
Ltd., EPCOS India Pvt. Ltd., etc.
Scope of the Report