| Product Code: ETC4450705 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India harmonic filter market import shipment demonstrated a robust growth trend from 2020 to 2024, with a notable CAGR of 20.6%. The market exhibited accelerated expansion in the most recent period, with a growth rate of 20.9% between 2023 and 2024, indicating increasing momentum in the market.
Harmonic filters are vital for maintaining the quality of electrical power and reducing harmonic distortion. With the increasing use of power electronics and renewable energy sources in India, the demand for harmonic filters is on the rise, especially in industries where power quality is crucial.
The India Harmonic Filter market is primarily driven by the increasing use of non-linear loads in industrial and commercial applications. These loads generate harmonics that can disrupt the power quality and damage equipment. Harmonic filters are crucial in mitigating these issues and ensuring a stable power supply. Additionally, the growing awareness of energy efficiency and the need to comply with regulatory standards are driving the adoption of harmonic filters in various sectors.
Harmonic filters are essential for ensuring power quality in industrial applications. A major challenge in the India harmonic filter market is the lack of awareness and understanding of the importance of harmonic mitigation. Many businesses are unaware of the issues caused by harmonic distortion and may not invest in harmonic filters until they face operational problems. Moreover, the market is fragmented, making it difficult for manufacturers to establish standardization and market dominance.
The pandemic did not significantly impact the demand for harmonic filters in India, as these filters are essential in maintaining power quality and minimizing electrical disturbances. Businesses, industries, and data centers continued to rely on harmonic filters to ensure a stable power supply. The market experienced steady demand, although supply chain disruptions occasionally caused delays in project implementations.
In the realm of power quality and electrical systems, the India Harmonic Filter market features key players like ABB India, Schneider Electric India, and L&T Electrical & Automation India. These companies provide advanced harmonic filter solutions that help maintain the quality of electrical power and reduce harmonic distortion. With a strong focus on energy efficiency and sustainable practices, they contribute significantly to improving the reliability of power distribution in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Harmonic Filter Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Harmonic Filter Market Revenues & Volume, 2021 & 2031F |
3.3 India Harmonic Filter Market - Industry Life Cycle |
3.4 India Harmonic Filter Market - Porter's Five Forces |
3.5 India Harmonic Filter Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.6 India Harmonic Filter Market Revenues & Volume Share, By Voltage Level , 2021 & 2031F |
3.7 India Harmonic Filter Market Revenues & Volume Share, By Phase, 2021 & 2031F |
3.8 India Harmonic Filter Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Harmonic Filter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of variable frequency drives (VFDs) in various industries leading to a higher demand for harmonic filters. |
4.2.2 Growing awareness about the negative impact of harmonics on electrical equipment, driving the need for harmonic mitigation solutions like filters. |
4.2.3 Government regulations mandating the use of harmonic filters in industrial and commercial setups to ensure power quality and efficiency. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing harmonic filters may deter small and medium enterprises from adoption. |
4.3.2 Lack of skilled professionals for the proper selection, installation, and maintenance of harmonic filters, impacting market growth. |
4.3.3 Limited awareness and understanding among end-users about the benefits of harmonic filters, leading to slower adoption rates. |
5 India Harmonic Filter Market Trends |
6 India Harmonic Filter Market, By Types |
6.1 India Harmonic Filter Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Harmonic Filter Market Revenues & Volume, By Type , 2021-2031F |
6.1.3 India Harmonic Filter Market Revenues & Volume, By Active, 2021-2031F |
6.1.4 India Harmonic Filter Market Revenues & Volume, By Passive, 2021-2031F |
6.2 India Harmonic Filter Market, By Voltage Level |
6.2.1 Overview and Analysis |
6.2.2 India Harmonic Filter Market Revenues & Volume, By Low Voltage Harmonic, 2021-2031F |
6.2.3 India Harmonic Filter Market Revenues & Volume, By Medium Voltage Harmonic, 2021-2031F |
6.2.4 India Harmonic Filter Market Revenues & Volume, By High Voltage Harmonic, 2021-2031F |
6.3 India Harmonic Filter Market, By Phase |
6.3.1 Overview and Analysis |
6.3.2 India Harmonic Filter Market Revenues & Volume, By 1-Phase, 2021-2031F |
6.3.3 India Harmonic Filter Market Revenues & Volume, By 3-Phase, 2021-2031F |
6.4 India Harmonic Filter Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 India Harmonic Filter Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.3 India Harmonic Filter Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 India Harmonic Filter Market Revenues & Volume, By Residential, 2021-2031F |
7 India Harmonic Filter Market Import-Export Trade Statistics |
7.1 India Harmonic Filter Market Export to Major Countries |
7.2 India Harmonic Filter Market Imports from Major Countries |
8 India Harmonic Filter Market Key Performance Indicators |
8.1 Power quality index (PQI) improvements in industries implementing harmonic filters. |
8.2 Number of new entrants offering harmonic filter solutions, indicating market competitiveness. |
8.3 Percentage increase in the adoption of VFDs across different sectors, indirectly driving the demand for harmonic filters. |
9 India Harmonic Filter Market - Opportunity Assessment |
9.1 India Harmonic Filter Market Opportunity Assessment, By Type , 2021 & 2031F |
9.2 India Harmonic Filter Market Opportunity Assessment, By Voltage Level , 2021 & 2031F |
9.3 India Harmonic Filter Market Opportunity Assessment, By Phase, 2021 & 2031F |
9.4 India Harmonic Filter Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Harmonic Filter Market - Competitive Landscape |
10.1 India Harmonic Filter Market Revenue Share, By Companies, 2024 |
10.2 India Harmonic Filter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |