ICT RESEARCH REPORTS Tuned-Passive-Harmonic-Filters-Market

Tuned Passive Harmonic Filters Market Poised to Achieve
Significant Growth in the Years to Come
Tuned Passive Harmonic Filters Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
Passive harmonic mitigation systems or devices are used for power factor correction and have
several advantages such as low power losses, better system performances, and better power
efficiency, in addition to low cost over active filters. However, owing to these aforementioned
factors, passive filters have found extensive applications in almost every electric grid and
distribution networks. These tuned passive harmonic filters have applications in various end-use
industries including food, pulp & paper, refining, exploration, pharmaceuticals, large commercial
spaces, electronic industries, and automotive, among others, and this is expected to present
considerable growth prospects over the coming years.
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“Increasing dependence on electric power source is expected to propel growth of the
tuned passive harmonic filters market”
According U.S. Energy Information Administration’s International Energy Outlook 2016, global
industrial consumption of electrical energy as a power source is expected to grow from 31.9
quadrillion British Thermal Units (Btu) in 2012 to 40.0 Btu in 2025. Moreover, OECD countries are