Global Active Power Filter Market Outlook 2018-2023

The global active power filter market is set to grow at an exponential CAGR of 3.9% by 2023 attributed to a growing emphasis on expanding the product portfolios. “Most of the more important global standards have defined power quality as a physical characteristic that will not interrupt customer’s processes provided under normal operating conditions. Furthermore, an increase in current waveforms and voltages contamination levels, have mandated an alteration of recompense characteristics vital to satisfy stringent harmonic power utility line standards.”

The active power filter market is majorly driven by the growing research and development activities across the automobiles and construction industries. These are being increasingly used as UPS systems for generating power supply and extruders in plastic industries. Since active power filter (APF) technology is still evolving, awareness on its merit, concepts, characteristics and benefits is not yet widespread, which in turn is hampering the market growth. In spite, active power filter (APF) being in its nascent stage, attributed to its flexibility, it is envisaged to emerge as the chief electrical power quality device of the future.

Over the past decade, advances made in the semiconductor device technology has propelled a revolution in power electronics.  The active power filter market segmentation based on type includes series, shunt and hybrid. Based on voltage level, the market can be categorized into high, medium and low. The active power filter industry has also found a wide range of application across manufacturing, chemical & electrolysis, pulp & paper, oil & gas, automobiles, telecommunication, food processing, metal processing, transportation industries, automotive, packaging, construction, healthcare, and other end-user sectors. 

Active Power Filter Market split based on the geographical landscape comprises North America, Middle East & Africa, Western Europe, Eastern Europe, Latin America, and Asia-Pacific. The market in the Asia Pacific region is more persuaded towards rising demand for active power filters attributed to increasing technological development and industrial automation. The Asia Pacific region is accounted to be the fastest growing due to an increase in the concentration of emerging players striving to capitalize on growing demands, altering demographics and lifestyle.  

Some of the prominent players functioning in the active power filter market include Delta Electronics, Inc., Baron, EC21 Inc., Helios Power Solutions, APAITEK Science & Technology Co., Ltd., Zhuhai Wanlida Electrical Automation Co., Ltd., ABB, Emerson Electric Corporation, Schaffner Holding AG, and Beijing DaXing Electrical Equipment Co., Ltd among others. 

Stakeholders and investors are increasing their spending on research and development activities to scale the latest technologies in their system engineering process. Remarkable advancements made in the field of power electronics has spurred interest in harmonic distortion mitigation using active power filter (APF) technology. The active power filter market players have presented control strategies by conducting various types of research activities gain a critical understanding of the cost of resources, former growth statistics, sales volume and future prospects.  

Global active power filter (APF) market is anticipated to grow at a CAGR of 3.9% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (communications, petrochemical, automotive, semiconductor, steel, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the active power filter market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the active power filter market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the active power filter market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global active power filter market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the communications, petrochemical, automotive, semiconductor, steel, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global active power filter market.

Key Applications
- Communications
- Petrochemical
- Automotive
- Semiconductor
- Steel

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Delta
- ABB
- TDK
- Schneider
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global active power filter market?
- What are the challenges to market growth?
- Who are the key players in the active power filter market?
- What are the market opportunities and threats faced by the key players?