With power quality gaining considerable importance across the world, organizations in the power industry are looking to enhance the quality of their offerings. Customers are also becoming increasingly aware of the detrimental effects of low-quality power on critical applications and revenues and this awareness is bound to boost the growth of the world harmonic filter market.
New analysis from Frost & Sullivan reveals that the World Harmonic Filter Market earned revenues of $416.7 million in 2005 and estimates this to reach $889.1 million by 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the World Harmonic Filter Market, then send an e-mail to Trisha Bradley, Corporate Communications, at trisha.bradley[.]frost.com with your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the overview by e-mail upon receipt of the above information.
The increasing use of microprocessors and the shift from electric to electronic loads are causing considerable harmonic distortions. The need to sustain power quality by eliminating these distortions can significantly drive the adoption of harmonic filters.
The market has also received adequate encouragement from governments and regulatory bodies in the form of legislations. For instance, the Institute of Electrical and Electronics Engineers (IEEE) 519-1992 and G 5/4 mandate that the harmonics produced in power generating utilities must be within stipulated limits when measured at the point of common coupling (PCC).
Strict enforcement of regulations and standards to ensure that organizations take the necessary measures to control harmonics is likely to play a major role in driving the harmonic filter market ahead.
“However, manufacturers are compelled to constantly upgrade their products to meet different standards”, states Frost & Sullivan Research Analyst Muthiah Arunachalam. “Consequently, these companies will have to invest greater amounts of resources to re-design their products”.
“Participants will benefit immensely if regulatory authorities and governments reach an agreement on standards for the harmonic filter market,” notes Arunachalam.
To ensure greater compliance with these legislations, it is vital to improve end-user awareness of the merits of using harmonic filters. Manufacturers and industry professionals with hands-on technical knowledge can achieve this by conducting seminars and presentations as well as publishing technical white papers, case studies, journals and articles.
World Harmonic Filter Market, a part of the Power Supplies/Power Quality subscription, provides an overview of the harmonic filter market. The research service thoroughly examines the low-voltage, medium-voltage, high-voltage, active filter and passive filter markets and includes detailed analysis on the market size, market opportunities, drivers, restraints and industry trends affecting the market. Analyst interviews are available to the press. Please contact Trisha Bradley, trisha.bradley[.]frost.com, to schedule an interview.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
World Harmonic Filter Market