Low Harmonic Drives

Low Harmonic Drives Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018–2026
The current in an ideal AC power grid is pure sinusoidal wave, however, in reality the current
contains harmonics of multiple orders that reduce the efficiency and usability of the electric
energy. Low harmonic drives are the systems that are used to reduce the harmonic
distortions introduced in the supply lines and provide power outputs that are relatively safer
for general and critical applications.
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Simplicity of deployment and high level of harmonic reduction over multi pulse
solutions is expected to garner high adoption rates
Industry participants that provide these solutions provide factory tested integrated solutions
that do not require additional hardware or costs, which enhances the simplicity of
installations. Moreover, these are compact and do not require additional power wiring and
contribute to significant space savings in the space where they are installed. These systems
do not require additional dedicated transformers and are featured with low losses, unity
power factor, robust performance, high overall efficiency. These factors are expected to
provide high traction to the low harmonic drives market over the forecast period.
Growing demand for efficient power utilization and reduce the losses with the
increasing energy supply demands is anticipated to provide solid growth prospects to
the industry growth
Requirement to reduce the electrical power consumption costs, organizations and industry
participants are increasingly investing in efficient industrial products and equipment that
different motors, pumps, compressors, and fans. These requirements to limit the
consumption without compromising the energy efficiency are expected to present
considerable growth prospects for the low harmonic drive market. Furthermore, requirements
to meet the distinct regional stringent regulatory compliances relating to efficient power
consumptions will provide the traction to the industry growth. For instance, National People's
Congress (NPC) the 12-5 Plan in China, EPA Power Sector Regulations in U.S. and
Electricity Industry Act 2010 in New Zealand are among the few directives that are in place
to regulate the electricity consumption. However, high switching costs for end users is
expected to be the only challenge that will negatively impact to overall adoption rates over
the forecast period.
Oil & Gas end use industry segment dominated the overall low harmonic drive market
end use in 2016
Annexation of oil exploration activities such as shale related and offshore explorations are
expected to garner high utilizations over the next few years. Moreover, increasing focus on
generation of renewable energy will present considerable growth prospects for the industry
participants over the long run.
High utilization of gasoline in conjunction with low prices of pumps and relaxation in diesel
and gasoline taxes in the Europe is anticipated to present considerable growth opportunities
for the industry participants in the region. Presence of large number of hydrocarbons in
Russia will add up to the overall industry demand, will help the region dominate the overall
industry demands over the forecast period. Moreover, increased demands for manufacturing
activities in Asia Pacific region is expected to present considerable growth landscape.
Chief players in the low harmonic drive market include ABB, Danfoss, Eaton, Rockwell and
Schneider Electric. Industry presence is moderately consolidated with several regional
players competing with the multinational players. Participants are expected to adopt M&A,
and innovative product launches for the propagation of their market shares over the next few
years. For instance, in July 2017, Schneider Electric introduced Altivar ATV980 & ATV680
Drives which was featured as the world’s first three level low harmonic drive.
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Low Harmonic Drives Market report categorizes global market on the basis of product type, components, and end use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025