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Global Low Harmonic Drives Market 2017-2021

Global Low Harmonic Drives Market 2017-2021

About Low Harmonic Drives

Low harmonic drives are devices that are used to reduce harmonic distortions in current systems. Harmonic distortions in electric power systems are due to nonlinear electric loads, which is a major reason for frequency power quality problems.

Technavio’s analysts forecast the global Low Harmonic Drives market to grow at a CAGR of 4.76% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global low harmonic drives market for 2017-2021. To calculate the market size, the report considers the new installations, retrofit, replacement and services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Low Harmonic Drives Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Danfoss
  • Eaton
  • Rockwell Automation
  • Schneider Electric
Market driver
  • High demand for energy-efficient products
  • For a full, detailed list, view our report
Market challenge
  • High switching costs for end-users
  • For a full, detailed list, view our report
Market trend
  • Regulations on energy efficiency and growing concern for renewable energy
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Low Harmonic Drives Market 2017-2021

Technavio recognizes the following companies as the key players in the global low harmonic drives market: ABB, Danfoss, Eaton, Rockwell Automation, and Schneider Electric.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is regulations on energy efficiency and growing concern for renewable energy. Resources available for industries in the world are limited with most governments stringent about the use of resources and their impact on environment. Consumers are motivated to utilize products that conform to an environmental-friendly production process.”

According to the report, one of the major drivers for this market is high demand for energy-efficient products. The global low harmonic drives market is fueled by the strong demand for energy-efficient products and technologies in industrial set-ups. Various compliances laid down by regulatory bodies such as adherence to the use of higher energy-efficient motors are pushing end-users to opt for such technologies that help them optimize the operations along with energy efficiency. The importance of energy-efficient drives has gained a significant momentum over the last decade.

Further, the report states that one of the major factors hindering the growth of this market is high switching costs for end-users. Though low harmonic drives generate a better ROI in a longer duration, the adoption process involves end-users to invest in substantial amounts. The switching cost can come out to be higher and acts as a major obstacle for end-users to implement these drives in their production capacities. Higher switching cost can adversely impact the overall product output while regular maintenance or repair activity also hampers the daily production schedule in industries. As harmonic reduction is an integral part of the production process in industries, replacement of low harmonic drives may lead to serious implications for the related production line. These factors tend to prevent end-users from wide scale deployment of medium voltage low harmonic drives in their production/manufacturing facilities.



Companies Mentioned

ABB, Danfoss, Eaton, Rockwell Automation, and Schneider Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Equipment prone to harmonic distortions
      • Table Effects of harmonic distortions
  • Market landscape
    • Market overview
      • Table Value chain analysis
      • Table Key stakeholders in the global low harmonic drives market
      • Table Global low harmonic drives market segmentation
    • Market size and forecast
      • Table Global low harmonic drives market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global low harmonic drives market segmentation by product
      • Table Global low harmonic drives market by type 2016 and 2021 (%)
    • Global low harmonic drives market by low voltage drives
      • Table Global low harmonic drives market by low voltage drives 2016-2021 ($ billions)
    • Global low harmonic drives market by medium voltage drives
      • Table Global low harmonic drives market by medium voltage drives 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global low harmonic drives market segmentation by end-users
      • Table Global low harmonic drives market by end-users 2016 and 2021 (%)
    • Global low harmonic drives market in oil and gas industry
      • Table Global low harmonic drives market in the oil and gas industry 2016-2021 ($ millions)
    • Global low harmonic drives market in food and beverage industry
      • Table Global low harmonic drives market in the food and beverage industry 2016-2021 ($ millions)
    • Global low harmonic drives market in water and wastewater treatment industry
      • Table Global low harmonic drives market in the water and wastewater treatment industry 2016-2021 ($ millions)
    • Global low harmonic drives market in mining industry
      • Table Global low harmonic drives market in the mining industry 2016-2021 ($ millions)
    • Global low harmonic drives market in HVAC sector
      • Table Global low harmonic drives market in the HVAC sector 2016-2021 ($ millions)
    • Global low harmonic drives market in others industry
      • Table Global low harmonic drives market in others industry 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global low harmonic drives market by geography 2016 and 2021 (%)
    • Low harmonic drives market in EMEA
      • Table Low harmonic drives market in EMEA 2016-2021 ($ billions)
      • Table Key power projects in European countries
    • Low harmonic drives market in APAC
      • Table Low harmonic drives market in APAC 2016-2021 ($ billions)
      • Table Key investments in the oil and gas industry in APAC
    • Low harmonic drives market in the Americas
      • Table Low harmonic drives market in the Americas 2016-2021 ($ billions)
      • Table Key power projects in Brazil and Mexico
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Share of energy utilization by equipment in various industries
      • Table Total harmonic distortion voltage (THDV) level
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competition review
      • Table Prominent vendors in the global low harmonic drives market
      • Table Other prominent vendors
    • Competition analysis
      • Table ABB: Business verticals
      • Table ABB: Industries served
      • Table ABB: Product offerings
    • Danfoss
      • Table Danfoss: Industries served
      • Table Danfoss: Products manufactured in the global low harmonic drives market
    • Eaton
      • Table Eaton: Business segmentation
      • Table Eaton: Products manufactured in the global low harmonic drives market
    • Rockwell Automation
      • Table Rockwell Automation: Business segmentation
      • Table Rockwell Automation: Products manufactured in the global low harmonic drives market
    • Schneider Electric
      • Table Schneider Electric: Products manufactured in the global low harmonic drives market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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