Author: Himanshu Patni
13 July 2023
The Asia-Pacific harmonic filter resistor market is expected to grow at a significant rate in the coming years, driven by a number of factors. One of the key drivers of the market is the increasing use of power electronics in industrial and commercial applications across the region. Power electronics, such as variable frequency drives and motor control centers, generate harmonic distortion in the power system, which can cause equipment damage and reduce system efficiency. Harmonic filter resistors are used to reduce the level of harmonic distortion in these systems, improving their performance and reliability. Another driver of the market is the growing demand for renewable energy sources in the region. Renewable energy systems such as wind and solar power can generate significant levels of harmonic distortion in the power system, which can cause equipment damage and reduce system efficiency. Harmonic filter resistors are used to reduce the level of harmonic distortion in these systems, improving their performance and reliability. In addition, the increasing use of smart grid technologies in the region is also driving the demand for harmonic filter resistors. Smart grids rely on power electronics and other advanced technologies to manage the flow of electricity, and these systems can generate harmonic distortion in the power system. Harmonic filter resistors are used to reduce the level of harmonic distortion in these systems, improving their performance and reliability.
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Further, the APAC Harmonic Filter Resistor Market is expected to grow at a strong CAGR of 5.0% during the forecast period (2022-2028). APAC is anticipated to emerge as the fastest-growing Harmonic Filter Resistor market primarily driven by the increasing use of power electronics in industrial and commercial applications, the growing demand for renewable energy sources, and the increasing use of smart grid technologies in the region. The market is expected to present significant opportunities for players in the industry.
FIG. 1 APAC Harmonic Filter Resistor Market Revenue (2020-2028)- USD Mn
For a detailed analysis of the Global Harmonic Filter Resistor Market browse through- https://univdatos.com/report/harmonic-filter-resistor-market/
Based on product type, the market is segmented into C-type, single tuned, second order and third order. The third order segment is expected to hold a significant market share during the forecast period. Third order harmonic filters are the most advanced type of harmonic filter and consist of multiple capacitors, inductors, and resistors that are connected in a specific way to form a third-order filter. These filters are capable of reducing harmonic distortion to very low levels. In addition, the design of third order harmonic filters is complex and requires careful consideration of the specific requirements of the power system. The filter components must be carefully selected and optimized to ensure that the filter is effective at reducing harmonic distortion while minimizing the impact on system stability and power quality.
Based on end-users, the market is segmented into power plants, industrial, and others. The power plant segment is expected to register a significant CAGR during the forecast period owing to the increasing need for efficient power transmission and distribution is becoming more critical as the global population continues to grow and the demand for electricity increases. Harmonic filter resistors can help to improve the efficiency of power transmission and distribution systems by reducing the amount of energy lost due to harmonic distortion. Also, power quality issues, such as harmonic distortion, can have a negative impact on the performance and longevity of electrical equipment, including motors, transformers, and generators. Harmonic filter resistors can help to improve power quality by reducing the amount of harmonic distortion in the power system.
Global Harmonic Filter Resistor Market Segmentation
Market Insight, by Product Type
· C-Type
· Single Tuned
· Second Order
· Third Order
Market Insights, by End-Users
· Power Plant
· Industrial
· Other
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe
· APAC
o China
o Japan
o India
o Rest of APAC
· Rest of the World
Top Company Profiles
· Telema spa
· MegaResistors
· Hilkar
· Vishay Intertechnology, Inc.
· Resisturk Electric (TR) Ltd
· Backer AB
· NATIONAL SWITCHGEARS
· Filnor, Inc.
· Post Glover Resistors
· Metal Deploye Resitor
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