The Harmonic Filter market was valued at USD 1.41 billion in 2024 and is projected to reach USD 2.55 billion by 2032, with a CAGR of 7.68%. Rising power quality regulations globally are driving market expansion as governments strengthen requirements to reduce harmonic distortions and ensure system stability.
The need for harmonic filters is expected to rise in sectors prioritizing grid stability and energy efficiency, like manufacturing and telecommunications. Regulatory standards improve system performance and sustainability, ensuring compliance while avoiding costly fines. Key players in the market include ABB, Siemens, and Schneider Electric.
In 2024, the passive segment of the harmonic filter market held 60% of revenue, while the low voltage segment dominated with 36% of total revenue. The industrial sector led the market with 60% of revenue. North America accounted for 50% of revenue in 2024, while the Asia Pacific region is projected to be the fastest-growing segment from 2025 to 2032.
ABB launched the ACS8080 medium voltage drives in November 2024, achieving up to 98% efficiency and reducing harmonic distortion by 50% compared to traditional methods. Exclusive sections of the Harmonic Filter Market report include technology & innovation analysis, patent landscape, and material development insights to track industry advancements and competitiveness.
Read more at GlobeNewswire: Harmonic Filter Market Size to Hit USD 2.55 Billion by 2032
