Metal Enclosed Harmonic Filter Market Trends

Growth Drivers

• Increasing Adoption of Harmonic Filters in the Transportation Systems – The growing need for rapid improvements in the high-speed railway systems in countries such as China, Japan, and others are anticipated to drive the growth of the metal enclosed harmonic filters market. For instance, the construction of high-speed train model in Japan in 2019 and the Kuala Lumpur Singapore high speed railway line needs higher levels of power quality and voltage levels. The use of harmonic filters for the same is projected to increase in the coming years and boost the market growth.

• Rising Number of IT and Data Centers – Increasing power demand from the IT industry owing to the upgraded infrastructure and technology, rise in the number of data centers, and IT centers are another factor that will drive the growth of the market. In 2019, around 3% of the global electricity consumption was attributed to the data centers, which is further expected to drastically increase owing to the technological advancements, such as digitalization, IoT, and automation.
• Increasing Need for Power Quality – The negative impact of non-linear loads on electrical systems such as failure of electrical devices have presented the need for power quality monitoring. According to the Asia Power Quality Initiative (APQI), continuous power quality monitoring is introduced from 2020 in India. The monitoring of power quality is quoted to be the only way ahead to accurately analyze the issues within the system.
• Rising Demand for Renewable Energy Applications – It is expected that renewable sources of energy such as wind, and photovoltaic will be using harmonic filters to improve power quality and is anticipated to drive the market growth. Huawei Fusionsolar team devised a smart Photovoltaic solution that can detect harmonic current that is less than 3% and mitigate it to almost zero in closed loops.
• Increasing Research Activities on Harmonic Distortion – Backed by the growing awareness for harmonic distortion, several researchers worldwide are increasingly researching on it to understand the positive and negative effects associated with it. For instance, the University of Wollongong, South Wales created a project under the Advancing renewables program to investigate and learn the impact and management of harmonic distortion in large farms.

Challenges

• Deployment issues in SME’s - The lack of technical expertise in the installation of the equipment among small and medium enterprises is therefore expected to hamper the market growth over the forecast period. Harmonic filters such as IEEE 519 and EN 50160 are best at setting limits for harmonic distortion. But its intricate and complex installation is estimated to be detrimental to the market growth.
• High installation rate of filters
• Lack of awareness among people in the industry