Harmonic Filter Market is Growing CAGR of 6.75% (USD 1.65 billion) by 2026 | Has Exploded: Opportunities & Challenges in Near Future with Key Players Major Player
Harmonic filters market are used to reduce the harmonic mutilation caused by the appliances. There main aim is to prevent excess heating and efficiency losses in transformers, motors and cables; random circuit breaking or tripping; and interference with and damage to capacitor banks. Active, passive and hybrid are some of the common type of the harmonic filters. They are widely used in industrial, commercial and residential purposes. Increasing demand for variable frequency drive is the factor fuelling the growth of this market. Harmonic filter market is expected to rise to an estimated value of USD 1.65 billion by 2026, registering a CAGR of 6.75% in the forecast period of 2019-2026. Increasing prevalence for variable frequency drive and rising demand from commercial applications are the major factor for the growth of this market. Market Drivers and Restraints: Increasing demand for high power quality and reliability is driving the market growth Rising awareness about the harmf...