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Published Date: 2014-07-07Number of Pages: 88

Harmonic Filters Market in India - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

A harmonic filter is used to mitigate the harmonic distortion created by appliances/equipments that are non-linear load. With growing number of power based electronic equipments, it has become necessary to ensure power quality. The severity of power quality in power networks has necessitated the increasing use of harmonic filters that not only reduce current and voltage harmonics, but also regulates terminal voltage and improves voltage balance in three phase systems.

Rising demand for power quality across different verticals such as industrial, automotives, IT and data center, and oil and gas among others is the major factor driving the market in India. In addition, increasing adoption of variable frequency drives generating harmonics in industrial as well as commercial applications is expected to support the growth of harmonic filters. In spite of these growth factors, lack of awareness, high costs of harmonic filters, and availability of substitutes have collectively inhibited the growth of harmonic filters market in India. However, escalating demand for ensuring optimum power quality in IT and data center applications offer potential opportunity for the growth. In addition, government regulations and penalties imposed by utilities are expected to increase adoption of harmonic filters in India.

In 2012, passive harmonic filters were the largest contributors, accounting for over 3/4th of the total harmonic filters market in India. Although passive harmonic filters are expected to account for majority of market share over the forecast period, active harmonic filters are expected to show maximum growth. The swift growth can be attributed to growing awareness about returns and benefits offered by active filters in terms of harmonic mitigation and voltage stability over passive harmonic filters. Currently, low voltage harmonic filters account for majority of market share. However, medium and high voltage harmonic filters are expected to outpace low harmonic filters as their use in the industrial segment is expected to increase over the forecast period. In terms of end-use, industrial segment was the largest segment in 2012 accounting for over 1/3rd of the total India harmonic filters market. IT and data center segment is expected to exhibit fastest growth over the forecast period. The growth can be attributed to growing need for ensuring power quality, leading to increased use of harmonic filters in high end machine, UPS, routers, servers, and HVAC systems.

Major industry participants include ABB India Ltd., Schneider Electric India, Schaffner India, Emerson Network Power Pvt. Ltd., NeoWatt Power Solutions Co. Pvt. Ltd., Amtech Electronics (INDIA) Limited, and EPCOS India Pvt. Ltd. among others.

india-harmonic-filter-market


CHAPTER 1 PREFACE
1.1 REPORT DESCRIPTION
1.2 MARKET SEGMENTATION
1.3 RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

CHAPTER 3 HARMONIC FILTER MARKET IN INDIA - OVERVIEW
3.1 MARKET INTRODUCTION
      3.1.1 INDIA HARMONIC FILTER MARKET, 2012 – 2019 (USD MILLION)
3.2 MARKET TRENDS AND FUTURE OUTLOOK
3.3 VALUE CHAIN ANALYSIS
3.4 MARKET DYNAMICS
      3.4.1 MARKET DRIVERS 
              3.4.1.1 INCREASING ADOPTION OF VARIABLE FREQUENCY DRIVES (VFDS) PROMOTING THE UPTAKE OF HARMONIC FILTERS IN INDIA
              3.4.1.2 RISING DEMAND FOR POWER QUALITY DRIVES THE GROWTH OF HARMONIC FILTERS IN INDIA
              3.4.1.3 GROWTH OF POWER SECTOR ITSELF DRIVES THE GROWTH OF HARMONIC FILTERS IN INDIA
      3.4.2 MARKET RESTRAINTS
              3.4.2.1 LOW PRODUCT DIFFERENTIATION AND LACK OF CONSUMER AWARENESS RELATED TO HARMONIC SUPPRESSION ACROSS DIFFERENT END USE INDUSTRIES
              3.4.2.2 HIGH COST OF HARMONIC FILTERS AND AVAILABILITY OF SUBSTITUTES CHALLENGING THE HARMONIC FILTER MARKET IN INDIA
      3.4.3 OPPORTUNITIES
              3.4.3.1 ESCALATING DEMAND FROM IT AND DATA CENTERS OFFER POTENTIAL OPPORTUNITIES TO THE HARMONIC FILTERS MARKET IN INDIA
              3.4.3.2 GOVERNMENT REGULATIONS AND PENALTIES IMPOSED BY UTILITIES VITAL FOR THE GROWTH OF HARMONIC FILTERS IN THE NEAR FUTURE
3.5 HARMONIC FILTERS MARKET IN INDIA – PORTER’S FIVE FORCES ANALYSIS
      3.5.1 BARGAINING POWER OF SUPPLIERS
      3.5.2 BARGAINING POWER OF BUYERS
      3.5.3 THREAT OF NEW ENTRANTS
      3.5.4 THREAT FROM SUBSTITUTES
      3.5.5 DEGREE OF COMPETITION
3.6 HARMONIC FILTER MARKET IN INDIA - ATTRACTIVENESS ANALYSIS BY APPLICATION, 2012
3.7 HARMONIC FILTER MANUFACTURERS IN INDIA - COMPETITIVE LANDSCAPE

CHAPTER 4 HARMONIC FILTERS MARKET BY TYPE, 2013 - 2019
4.1 INTRODUCTION
4.2 ACTIVE HARMONIC FILTERS
      4.2.1 INDIA ACTIVE HARMONIC FILTER MARKET SIZE AND FORECAST, 2012 - 2019 (USD MILLION)
4.3 PASSIVE HARMONIC FILTERS
      4.3.1 TUNED PASSIVE HARMONIC FILTERS
      4.3.2 DE-TUNED PASSIVE HARMONIC FILTERS
      4.3.3 INDIA PASSIVE HARMONIC FILTER MARKET SIZE AND FORECAST, 2012 - 2019 (USD MILLION)
4.4 HARMONIC STANDARD (IEEE STANDARD 519) COMPLIANCE

CHAPTER 5 HARMONIC FILTER MARKET IN INDIA BY VOLTAGE LEVEL, 2013 - 2019
5.1 INTRODUCTION
5.2 LOW VOLTAGE
      5.2.1 INDIA LOW VOLTAGE HARMONIC FILTER MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD MILLION)
5.3 MEDIUM VOLTAGE
      5.3.1 INDIA MEDIUM VOLTAGE HARMONIC FILTER MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD MILLION)
5.4 COMPARISON OF MEDIUM VOLTAGE HARMONIC FILTERS AND LOW VOLTAGE HARMONIC FILTERS
5.5 HIGH VOLTAGE
      5.5.1 INDIA HIGH VOLTAGE HARMONIC FILTER MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD MILLION)

CHAPTER 6 HARMONIC FILTER MARKET IN INDIA BY APPLICATION, 2013 - 2019
6.1 INTRODUCTION
6.2 INDUSTRIAL
      6.2.1 INDIA HARMONIC FILTER MARKET IN INDUSTRIAL SECTOR, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
      6.2.2 MANUFACTURING
      6.2.3 METAL PROCESSING
      6.2.4 PULP AND PAPER
6.3 IT AND DATA CENTERS
      6.3.1 INDIA HARMONIC FILTER MARKET IN IT AND DATA CENTER, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
6.4 AUTOMOTIVE
      6.4.1 AUTOMOTIVE HARMONIC FILTER MARKET IN INDIA, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
6.5 OIL & GAS
      6.5.1 INDIA HARMONIC FILTER MARKET IN OIL & GAS SECTOR, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
6.6 OTHERS (WATER TREATMENT, PACKAGING ETC.)
      6.6.1 INDIA HARMONIC FILTER MARKET IN OTHERS (WATER TREATMENT, PACKAGING ETC) SIZE AND FORECAST, 2012 – 2019 (USD MILLION)

CHAPTER 7 COMPANY PROFILES
7.1 ABB INDIA LTD.
      7.1.1 COMPANY OVERVIEW
      7.1.2 FINANCIAL OVERVIEW
      7.1.3 BUSINESS STRATEGY
              7.1.3.1 FOCUS ON RESEARCH AND DEVELOPMENT
              7.1.3.2 GROWTH THROUGH INORGANIC EXPANSION
      7.1.4 SWOT ANALYSIS
      7.1.5 RECENT DEVELOPMENTS
7.2 AB POWER SYSTEM SOLUTION
      7.2.1 COMPANY OVERVIEW
      7.2.2 FINANCIAL OVERVIEW
      7.2.3 BUSINESS STRATEGY
              7.2.3.1 BUSINESS PARTNERSHIPS
              7.2.3.2 PRODUCT LINE DIVERSIFICATION
      7.2.4 SWOT ANALYSIS
      7.2.5 RECENT DEVELOPMENT
7.3 AMBIK HARMONIC FILTERS PVT. LTD.
      7.3.1 COMPANY OVERVIEW
      7.3.2 FINANCIAL OVERVIEW
      7.3.3 BUSINESS STRATEGY
              7.3.3.1 FOCUS ON THE USE OF INDIGENOUS MATERIAL
              7.3.3.2 PRODUCT DIVERSIFICATION
      7.3.4 SWOT ANALYSIS
7.4 AMTECH ELECTRONICS (INDIA) LIMITED
      7.4.1 COMPANY OVERVIEW
      7.4.2 FINANCIAL OVERVIEW
      7.4.3 BUSINESS STRATEGY
              7.4.3.1 Product differentiation
      7.4.4 SWOT ANALYSIS
      7.4.5 RECENT DEVELOPMENTS
7.5 BARON POWER LTD.
      7.5.1 COMPANY OVERVIEW
      7.5.2 FINANCIAL OVERVIEW
      7.5.3 BUSINESS STRATEGY
              7.5.3.1 EXPANSION THROUGH PARTNERSHIPS
              7.5.3.2 FOCUS ON PRODUCT DEVELOPMENT
      7.5.4 SWOT ANALYSIS
7.6 CLARIANT POWER SYSTEM LIMITED
      7.6.1 COMPANY OVERVIEW
      7.6.2 FINANCIAL OVERVIEW
      7.6.3 BUSINESS STRATEGY
              7.6.3.1 FOCUS ON HARMONIC FILTERS FOR INDUSTRIAL APPLICATIONS
      7.6.4 SWOT ANALYSIS
      7.6.5 RECENT DEVELOPMENT
7.7 CROMPTON GREAVES LTD
      7.7.1 COMPANY OVERVIEW
      7.7.2 FINANCIAL OVERVIEW
      7.7.3 BUSINESS STRATEGY
              7.7.3.1 PRODUCT LINE DIVERSIFICATION
      7.7.4 SWOT ANALYSIS
      7.7.5 RECENT DEVELOPMENTS
7.8 EMERSON NETWORK POWER (INDIA) PVT. LTD.
      7.8.1 COMPANY OVERVIEW
      7.8.2 FINANCIAL OVERVIEW
      7.8.3 BUSINESS STRATEGY
              7.8.3.1 BUSINESS PARTNERSHIPS
      7.8.4 SWOT ANALYSIS
      7.8.5 RECENT DEVELOPMENT
7.9 EPCOS INDIA PVT. LTD.
      7.9.1 COMPANY OVERVIEW
      7.9.2 FINANCIAL OVERVIEW
      7.9.3 BUSINESS STRATEGY
              7.9.3.1 FOCUS ON IMPROVING THE QUALITY AND NEW PRODUCT DEVELOPMENT
      7.9.4 SWOT ANALYSIS
      7.9.5 RECENT DEVELOPMENT
7.10 HITECH POWER SOLUTIONS
      7.10.1 COMPANY OVERVIEW
      7.10.2 FINANCIAL OVERVIEW
      7.10.3 BUSINESS STRATEGY
               7.10.3.1 BUSINESS EXPANSION
      7.10.4 SWOT ANALYSIS
7.11 NAAC ENERGY CONTROLS PRIVATE LIMITED
      7.11.1 COMPANY OVERVIEW
      7.11.2 FINANCIAL OVERVIEW
      7.11.3 BUSINESS STRATEGY
                7.11.3.1 BUSINESS EXPANSION
      7.11.4 SWOT ANALYSIS
7.12 NEOWATT POWER SOLUTIONS CO. PVT. LTD.
      7.12.1 COMPANY OVERVIEW
      7.12.2 FINANCIAL OVERVIEW
      7.12.3 BUSINESS STRATEGY
                7.12.3.1 STRATEGIC ALLIANCE
      7.12.4 SWOT ANALYSIS
      7.12.5 RECENT DEVELOPMENTS
7.13 SCHAFFNER INDIA
      7.13.1 COMPANY OVERVIEW
      7.13.2 FINANCIAL OVERVIEW
      7.13.3 BUSINESS STRATEGY
                7.13.3.1 GLOBAL SALES NETWORK AND EXTENSIVE EXPERTISE IN HARMONIC FILTERS
               7.13.3.2 FOCUS ON EMERGING ECONOMIES LIKE INDIA
      7.13.4 SWOT ANALYSIS
      7.13.5 RECENT DEVELOPMENT
7.14 SCHNEIDER ELECTRIC INDIA
      7.14.1 COMPANY OVERVIEW
      7.14.2 FINANCIAL OVERVIEW
      7.14.3 BUSINESS STRATEGY
      7.14.3.1 PRODUCT DIFFERENTIATION
      7.14.4 SWOT ANALYSIS
      7.14.5 RECENT DEVELOPMENT

LIST OF FIGURES 

FIG. 1 MARKET SEGMENTATION: INDIA HARMONIC FILTER MARKET
FIG. 2 INDIA HARMONIC FILTER MARKET, 2012 – 2019 (USD MILLION)
FIG. 3 HARMONIC FILTER MARKET IN INDIA – VALUE CHAIN
FIG. 4 GLOBAL VARIABLE FREQUENCY DRIVES MARKET, 2012 – 2017 (USD BILLION)
FIG. 5 GROWTH OF INDIAN IT INDUSTRY, 2010 – 2013 (USD BILLION)
FIG. 6 PORTER’S FIVE FORCES ANALYSIS FOR HARMONIC FILTERS MANUFACTURING INDUSTRY
FIG. 7 HARMONIC FILTER MARKET IN INDIA - ATTRACTIVENESS ANALYSIS BY APPLICATION, 2012
FIG. 8 HARMONIC FILTER MANUFACTURERS IN INDIA, MARKET SHARE ANALYSIS 2012 (%)
FIG. 9 INDIA HARMONIC FILTER MARKET REVENUE SHARE  (%) BY TYPE, 2012 AND 2019
FIG. 10 INDIA ACTIVE HARMONIC FILTER MARKET SIZE AND FORECAST, 2012 - 2019 (USD MILLION)
FIG. 11 INDIA PASSIVE HARMONIC FILTER MARKET SIZE AND FORECAST 2012 AND 2019 (USD MILLION)
FIG. 12 INDIA HARMONIC FILTER SHARE (%) BY VOLTAGE LEVEL (2012 AND 2019)
FIG. 13 INDIA LOW VOLTAGE HARMONIC FILTER MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD MILLION)
FIG. 14 INDIA MEDIUM VOLTAGE HARMONIC FILTER MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD MILLION)
FIG. 15 INDIA HIGH VOLTAGE HARMONIC FILTER MARKET SIZE AND FORECAST BY TYPE 2012 – 2019 (USD MILLION)
FIG. 16 INDIA HARMONIC FILTER SHARE (%) BY APPLICATION (2012 AND 2019)
FIG. 17 INDIA HARMONIC FILTER MARKET IN INDUSTRIAL SECTOR, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
FIG. 18 INDIA HARMONIC FILTER MARKET IN IT AND DATA CENTER, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
FIG. 19 AUTOMOTIVE HARMONIC FILTER MARKET IN INDIA, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
FIG. 20 INDIA HARMONIC FILTER MARKET IN OIL & GAS SECTOR, SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
FIG. 21 INDIA HARMONIC FILTER MARKET IN OTHERS (WATER TREATMENT, PACKAGING INDUSTRY ETC.), SIZE AND FORECAST, 2012 – 2019 (USD MILLION)
FIG. 22 ABB GROUP ANNUAL REVENUE, 2011 – 2013 (USD BILLION)
FIG. 23 CROMPTON GREAVES LIMITED ANNUAL GLOBAL REVENUE, 2010-2012, (USD BILLION)
FIG. 24 EMERSON NETWORK POWER ANNUAL GLOBAL REVENUE, 2010-2012, (USD BILLION)
FIG. 25 SCHAFFNER GROUP ANNUAL GLOBAL REVENUE, 2010-2012, (USD MILLION)
FIG. 26 SCHNEIDER ELECTRIC ANNUAL GLOBAL REVENUE, 2010-2012, (USD BILLION)

LIST OF TABLES

TABLE 1 HARMONIC FILTER MARKET IN INDIA –  SNAPSHOT (2012 & 2019)
TABLE 2 DRIVERS: IMPACT ANALYSIS
TABLE 3 POWER QUALITY REQUIREMENTS IN DIFFERENT END USE INDUSTRIES
TABLE 4 PLAN-WISE GROWTH OF POWER SECTOR IN INDIA
TABLE 5 RESTRAINTS: IMPACT ANALYSIS
TABLE 6 HARMONIC LEVELS OF DIFFERENT NON-LINEAR LOADS IN THE IT INDUSTRY
TABLE 7 PARAMETERS FOR SELECTION OF HARMONIC FILTERS
TABLE 8 IEEE STANDARD 519 FOR HARMONIC CURRENT DISTORTION
TABLE 9 IEEE STANDARD 519 FOR HARMONIC VOLTAGE DISTORTION
TABLE 10 MEDIUM VOLTAGE HARMONIC FILTERS VS. LOW VOLTAGE HARMONIC FILTERS


The market research report on the India harmonic filter market talks about the two types of harmonic filters and their varied applications. As per the report, the India harmonic filter market is anticipating significant growth due to the extensive demand from the IT sector and data centers, which offer potential opportunities for major companies in the India harmonic filter market. 

The market has been classified on the basis of product type, voltage level, and the various applications of harmonic filters. The report makes use of analytical tools such as SWOT analysis, value chain analysis, and Porter’s five forces analysis to analyze the India harmonic filter market. The report also specifies the current market trends and presents the forecast between 2013 and 2019, including the potential impact of market drivers and restrains. 

The strategic recommendations and inputs provided in the report will help market players understand the present and future trends in the India harmonic filter market and design their strategies accordingly to gain competitive advantage. 

Overview of the India harmonic filter market

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. 

Among the two types of harmonic filters, passive filters dominated the Indian market in 2012; however, the demand for active filters is expected to rise in the forecast period. Moreover, the harmonic filters market offers products operating on different voltage levels such as low, medium, and high. Among these, low voltage harmonic filters are widely used in the present scenario; nevertheless, the demand for high and medium voltage harmonic filters is anticipated to rise in the near future.

Moreover, the rising need for power quality is crucial as there is significant shortage of power in India. As a result, the demand for harmonic filters is increasing for the purpose of harmonic suppression across varied industries such as oil and gas, manufacturing, and automotive. In addition, the enforcement of penalties by utilities and rigid regulations set by the government regarding the maintenance of harmonic levels in numerous industries are anticipated to propel the demand in the near future.

The major factors driving the India harmonic filter market are the increasing demand for power quality in numerous industries and increased utilization of harmonic mitigation in different frequency drives. The growth of the power sector is also boosting the harmonic filter market in India. However, factors such as low product differentiation, high cost of harmonic filters, and easy availability of substitutes are expected to hold back the growth of the India harmonic filter market in the near future.

As per the research report, the India harmonic filter market is expected to reach 188.5 million by the end of 2019, exhibiting progressive 12.8% CAGR through the forecast period.

Companies mentioned in the research report 

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.

Major types of harmonic filters available in the Indian market are:
  • Passive Harmonic Filter
  • Active Harmonic Filter
Major voltage levels of harmonic filters in the Indian market are:
  • High Voltage
  • Medium Voltage
  • Low Voltage
Major applications of harmonic filters in the Indian market are:
  • Oil and Gas
  • Automotive
  • Industrial
    • Pulp and Paper
    • Metal processing
    • Manufacturing
  • IT and Data center
  • Others (such as Packaging and water treatment)
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments