Growth Drivers
Challenges
The global metal enclosed harmonic filter market is segmented by regions into North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Among these regions, the market in Asia Pacific registered the largest market share of 47.49% in the year 2019 and reached a value of USD 300.01 million in the same year. The market in the region is thriving on the back of the increasing automotive industry in the nations such as China, India and others, coupled with the region growing as the global data center hub, which is requiring data center operators to deploy metal enclosed harmonic filters. Additionally, the market in Asia Pacific is anticipated to gain an incremental $ opportunity of USD 16.36 million in the year 2020 as compared to the previous year. Further, the market in the region is also anticipated to gain an absolute $ opportunity of USD 167.39 million by growing at 1.53x during the forecast period.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). CLICK TO DOWNLOAD SAMPLE REPORT
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
9.9% |
Base Year Market Size (2024) |
USD 1.12 billion |
Forecast Year Market Size (2037) |
USD 3.82 billion |
Regional Scope |
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Author Credits: Richa Gupta
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