India Harmonic Filter Market is Forecast to Touch USD Billion by 2025, Growing at a CAGR During 2020 to 2025
Published | 13 January 2021
According to BlueWeave Consulting, the India Harmonic Filter market has reached USD 2.86 Million in 2019 and is further projected to reach USD billion by 2025, growing at a CAGR of during the forecast period. 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.
“Stringent government laws and policies”
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 quality norms.
“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.
“North India to dominate the market”
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 various others.
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The in-depth analysis of the report provides the growth potential, upcoming trends, and statistics of the Indian Harmonic Filter Market size & forecast. The report promises to provide state-of-the-art technology of the Indian Harmonic Filter Market and industry insights, which help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the market drivers, challenges, and competitive analysis of the market.
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