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. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/630 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