About Filter Reactor
Filter reactors are used to protect reactive power compensation equipment from overload caused by excessive harmonic levels in medium and low voltage distribution systems. They are also used in a variety of configurations of harmonic filters to remove unwanted harmonics from electric power systems. Rising electricity distribution in the developing countries is driving the growth of the global filters reactors market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.27% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global Filter Reactor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Coil Innovation (Austria), Schneider Electric (France), Siemens (Germany), Asahi Glassplant (United Kingdom), Hans von Mangoldt GmbH (Germany), Trafotek (Finland), Deutsche Messe AG (Germany), GlasKeller Basel AG (Switzerland), Hilkar (Turkey) and Elektra (Turkey) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Trinity Energy Systems Pvt. Ltd. (India), Electrica Energy Products (India) and TS International (India).
Segmentation Overview
AMA Research has segmented the market of Global Filter Reactor market by Type (Three Phase and Two-Phase), Application (Energy, Pharmaceutical, Manufacturing, Power and Others) and Region.
On the basis of geography, the market of Filter Reactor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Turkey, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Filter Reactor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Copper will boost the Filter Reactor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Rapid Electrification and Industrialization in the Emerging Economies
Market Growth Drivers:
Increasing Funding Toward the Electrification across Remote Areas of Developing Economies and Growing Demand in the Power Capacity Addition is Marginally Boosting the Demand for Filter Reactor
Restraints:
Stringent Government Norms are Hindering the Market Growth
Opportunities:
Increasing Demand from the Commercial Sector Creates Opportunity for Filter Reactor
Market Leaders and their expansionary development strategies
In December 2023, TE Connectivity Ltd. announced the settlement of its public tender offer for all publicly held shares of Schaffner Holding. TE Connectivity currently holds 627'658 Schaffner shares. This corresponds to a participation of 98.7% of the issued share capital and voting rights of Schaffner Holding.
In March 2022, Graco Inc., a leading manufacturer of fluid handling equipment, introduced the Reactor 3 spray foam proportioner system, the newest member of the Reactor proportioner family. The Reactor 3 system delivers next-generation intelligence and capability, allowing contractors to maximize material yield, productivity and profitability.
Key Target Audience
Filter Reactor Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.