2 July 2019 – The
Global Active Power Filter Market is
anticipated to witness exponential growth in the forecast period. Active power filters
(APF) are filters that perform harmonic elimination. They are also used to
filter out harmonics in the power system, which are significantly below the
switching frequency of the filter. Factors, such as rising use of active power
filters in several applications such as data center, IT sector, heating
applications. In addition, increasing demand from end-user industry are likely
to drive the market in the forthcoming period.
On the other hand, significant power distortion difficulties
that may lead to numerous power quality issues, such as energy loss and
increasing costs are anticipated to hinder active power filter market growth in
the future. However, technological advancements in the field are likely to
create lucrative opportunities for the market. Globally, market is anticipated
to expand at a significant CAGR in the upcoming period as the scope, product
types, and its applications are increasing across the globe.
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An emerging trend in the active filter market is usage of
semiconductor device technology. The decrease in the cost of the power
electronic semiconductor devices and signal processors is another prominent
trend observed in active power filters market. Active power filter market is
segmented by type, voltage level, application, end user, distribution channel
and geography.
The active power filter market is segmented based on end
user as Chemical & Electrolysis, Manufacturing, Metal processing, Pulp
& Paper, Transportation Industries, Oil & Gas, Automotive, Automobiles,
Packaging, Telecommunication, Construction, Food Processing, Healthcare, and
Others. Active power filter is segmented by distribution channel as Offline and
Online distribution.
Key players operating in the active power filter market
include ABB, Delta Electronics, Inc., Emerson Electric Corporation, Baron,
Helios Power Solutions, EC21 Inc., APAITEK Science & Technology Co., Ltd.,
Schaffner Holding AG, Beijing DaXing Electrical Equipment Co., Ltd and Zhuhai
Wanlida Electrical Automation Co., Ltd. The leading companies are involved in
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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