About Active Power Filter
Active power filter is a generic one and is applied to a group of power-electronic circuits incorporating power switching devices and passive energy-storage-circuit elements, such as inductors and capacitors. They are generally used for controlling current harmonics in supply networks at the low- to medium-voltage distribution level or for reactive power and/or voltage control at the high-voltage-distribution level. These functions may be combined in a single circuit or in separate active filters and that has led to significant growth of the active power filter market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Active Power Filter market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Manufacturers having a strong hold in the market are Siemens AG, Koninklijke Philips N.V., Fuji Component Parts USA, Inc. Emerson Electric Co.. Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global Active Power Filter 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.
Siemens AG (Germany), Koninklijke Philips N.V.(Netherlands), Fuji Component Parts USA, Inc.(United States), Emerson Electric Co. (United States), Schneider Electric SE (France), ABB (Switzerland), TCI, LLC (United States), Eaton Corporation Inc (Ireland), Delta Electronics, Inc. (Taiwan) and TDK Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Schaffner Holding (Switzerland), MTE Corporation (United States), Staco Energy Products Co. (United States) and Sinexcel (China).
Segmentation Overview
AMA Research has segmented the market of Global Active Power Filter market by Type (Shunt, Series and Hybrid), Application (Industrial, Semiconductor, IT and Data Centers, Automotive, Oil & Gas, Healthcare and Others) and Region.
On the basis of geography, the market of Active Power Filter 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power Rating, the sub-segment i.e. Low-Power will boost the Active Power Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power-Circuit , the sub-segment i.e. Parallel Active Filters will boost the Active Power Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Control Technique, the sub-segment i.e. Open-Loop Control Systems will boost the Active Power Filter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Semiconductor Devices Technology
Market Growth Drivers:
Presence of Waveforms in the Power system is Rising demand of Active Power Filter and Rising Need to Safeguard the Consumer Devices is Driving the Growth of the Market
Challenges:
Rising Costs, and Energy Loss
Restraints:
Application of Filters using Adjustable Speed Drives on the two Separate Platforms
Opportunities:
The growing use of Active Power Filters in Varied Applications such as the IT Sector, Data Center, Heating Applications
Market Leaders and their expansionary development strategies
On 6, December 2018, Allied Motion Technologies Inc has announced that it has acquired TCI, LLC. a leading developer and manufacturer of the active and passive product to resolve power quality and harmonics associated with industrial power conversion for USD 64.1 Million.
In February 2023, Emerson launched Ovation Green, a Dedicated Renewable Power Technology and Software Portfolio By uniting the recently acquired Mita-Teknik software and technology with its own industry-leading Ovation automation platform, deep renewable energy knowledge base, cybersecurity solutions, and remote management capabilities, Emerson has created a new extension of its power-based control architecture.
Key Target Audience
Active Power Filter Manufacturers, Research organizations, Government organizations and Bodies, Technology investors, Venture Capitalists, Private Equity Firms, Analysts, and Strategic Business Planners and Others
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.