India - Automotive, IT and Data Center Industry to Propel the Demand for Harmonic Filters.

 Harmonic Filters Market in India

Harmonics occur in an electrical power system due to fluctuations in current or voltage levels. Harmonic fluctuations in the power system are a frequent cause of power quality issues and its proliferation severely disrupts the working of the whole system. Harmonic filters are widely used to edge off the harmonic distortion which is formed by equipments with non-linear load. Safeguarding power quality has become very essential owing to the number of electronic equipments available in the market. The necessity of power quality in power networks has promoted the use of harmonic filters to reduce the current and voltage harmonics and control terminal voltage, thereby enhancing voltage balance in three-phase systems.

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In 2012, the harmonic filters market in India stood at US$81.1 million and is expected to touch US$188.5 million by the end of 2019. This market is anticipated to exhibit progressive 12.8% CAGR in terms of revenue between the years 2013 and 2019.

Rising preference for variable frequency drives has been promoting the use of harmonic filters. Moreover, the increasing demand for power quality and the growth of power industry are the factors expected to boost the demand for harmonic filters in India in the near future. Regulations and penalties by utilities set by the government of India for maintaining the harmonic levels in varied industries and the tremendously rising demand from IT and data centers are the biggest opportunities for the market payers of the harmonic filters market in India.

On the flip side, the high prices of harmonic filters, availability of alternatives, low product differentiation, and lack of consumer awareness about harmonic mitigation across end-use industries are expected to hamper the growth of harmonic filters market in India.

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Harmonic filters are available for low voltage, medium voltage and high voltage applications. Low voltage harmonic filters are used majorly in the current scenario. However, the demand for medium and high voltage is expected to increase during the forecast period. Harmonic filters find their application across majority of the end use sectors. Some of the major application segments include industrial, IT and data center, automotive and oil & gas industry. Among these applications highest revenue was contributed by the industrial sector in 2012 owing to excessive use of harmonic filters for harmonic correction in drives. Amongst the other application sectors, IT and data center and automotive applications are major applications and these applications are expected to expand their market share in the coming years with an expected increase in the consumer awareness.

The market research report has presented an in-depth analysis of the companies operating in the India harmonic filter market. Some of the prominent players operating in the Indian harmonic filter market include Schaffner Group, ABB India Ltd., Schneider Electric India, Neowatt Power Solutions Co. Pvt. Ltd., and Emerson Network Power (India) Pvt. Ltd.

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