Harmonic Filters Ensures Optimum Power Quality In IT And Data Center Industry,Increasing Usage In UPS And HVAC Systems
Devices that are used to reduce the harmonics in certain equipment
are known as harmonic filters. Problems associated with the quality
of power is because of harmonic frequencies that tend to occur in
most electrical systems. If this problem goes ignored, it can lead to
overheating of transformers and conductors, and also the inefficient
working of electrical equipment. Excessive harmonics leads to
situations such as computer lock-ups, PLC related issues, and even
spurious VFD (variable frequency drives) alarms.
The growing use of non-linear loads such as the variable frequency
drives that produce harmonics coupled with the increasing need to
ensure power quality is boosting the growth of the global harmonic
filter market. The growing importance of achieving acceptable levels
of power quality is driving the growth of harmonic filters. By
maintaining power quality through harmonic suppression, power losses
can be extremely minimized and significant energy savings can be
achieved. Increasing adoption of variable frequency drives promoting
the uptake of harmonic filters. Rise in automation across different
industrial and commercial applications and growing demand for
electrical efficiency has increased the demand for Variable Frequency
Drives (VFD), which is in turn boosting the growth of the harmonic
filter market. The conjoint effect of all these drivers is set to
boost the growth of the global harmonic filter market from 2016 –
2024.
Escalating demand from IT and data centers are set to offer potential
growth opportunities to the global harmonic filters market. Thus,
growth in the IT industry spending is expected to support the growth
of high end machines and equipments with non-linear loads, giving
rise to harmonics. Rising demand for ensuring optimum power quality
is expected to fuel the growth of harmonic filters in IT and data
center industry. Further, government regulations and penalties
imposed by utilities are set to offer lucrative opportunities for the
growth of harmonic filters in the near future. For example, in India
(Tamil Nadu), government has set the total voltage harmonic
distortion limit at 5% and total current harmonic distortion limit at
8%. If a consumer exceeds these harmonic levels, then that person is
entitled to pay 15% of his respective tariff as compensation. Owing
to the impact of these regulations and penalties, facilities that
produce harmonics are installing harmonic filters.
PDF Sample For Latest Advancements with Technological
breakthroughs is @ http://bit.ly/2bWBgZF
The future of harmonic filters will be shaped by the trends in power
quality management. Leading companies are focusing aggressively on
the expansion of their product lines in this field. Schneider
Electric has already initiated the development of a wide array of
high-quality harmonic filters and power correction devices. In line
with this strategy, the firm has developed AccuSine, a
high-performance active harmonic filter.
Innovation: A Key Focus Area in the Global Harmonic Filter Market
Besides IT and data centers, the other end users in the global
harmonic filter market are food processing, oil and gas, packaging,
automotive, and water treatment. The key companies operating in the
global harmonic filter market are Schneider Electric, Schaffner
Holding AG, Siemens AG, MTE Corporation, Janitza Electronics GMBH,
Epcos AG, Emerson Network Power, Eaton Corporation, Danfoss A/S,
Crompton Greaves Ltd., Baron Power Ltd., and ABB Ltd. amongst others
MTE Corporation, one of the four main segments of New Jersey based SL
Industries Inc., recently launched the High Frequency SineWave
Guardian, which is a motor protection filter. It is the very first
and the one and only solution for motor protection, which is
optimized for motors with high frequencies. The High Frequency
SineWave Guardian offers efficiently protects an equipment from the
adverse effects of waveforms created by VFDs of high switching
frequencies, and also from the harmful impact of PWM (pulse width
modulation).
According to TMR, the global market for harmonic filters is likely to
grow into an opportunity worth US$1.2 bn by 2024, rising at a CAGR of
6.50% between 2016 and 2024. In 2015, it had attained a valuation of
US$697.2 mn worldwide. Currently, passive harmonic filters attract
higher demand than active harmonic filters. However, the latter is
expected to gain impetus over the next few years.Based on voltage,
while low voltage harmonic filters are likely to hold the majority of
the market share, medium voltage harmonic filters will register the
fastest growth rate over the forecast period.
Asia Pacific emerged the largest regional market for harmonic filters
with a share of nearly 38% in 2015. It is likely to grow almost 1.8
times over the forecast period to reach an opportunity worth US$471.6
mn by the end of this term.
Browse The Report @
http://www.transparencymarketresearch.com/world-harmonic-filter-market.html
The stiff competition between ABB Ltd., Emerson Electric Co., and
Schneider Electric SE characterizes the competitive landscape of the
global harmonic filter market, finds Transparency Market Research
(TMR). Collectively, these three players account for a share of 41%
in this highly concentrated market. As the industrial sector consumes
the highest number of these filters at present, ABB Ltd., which
supplies harmonic filters to utilities, metal processing, and
manufacturing industries, has gained prominence, accounting for 17.7%
of the market.
No comments: