India Harmonic Filter Market to Reach USD 188.5 million by 2019: Transparency Market Research

According to a new market report “Harmonic Filters Market in India - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” published by Transparency Market Research, the market for harmonic filters in India is forecast to reach USD 188.5 million by 2019. Some of the factors responsible for growth of harmonic filter market are increasing use for harmonic mitigation in variable frequency drives and rising demand for power quality across different industries. The growth of the power sector is further supporting the harmonic filter market in India.

India Harmonic Filter market was valued at USD 81.1 million in 2012. The
market revenue is anticipated to grow at a CAGR of 12.8% from 2013 to 2019. The market is segmented by type into active and passive filters. Among these filter types; passive filters dominated the market, accounting for majority of market revenue share in 2012. However, active filters are expected to grow in the coming years owing to increasing awareness related to the benefits of using active filters over passive filters to achieve higher harmonic mitigation. In addition, another major factor that governs the purchase of harmonic filter is the suitable voltage level. Harmonic filters are available for low voltage, medium voltage and high voltage applications. Low voltage harmonic filters are used majorly in the current scenario. However, the demand for medium and high voltage is expected to increase during the forecast period.

The detailed TOC of the report can be browsed at:

Harmonic filters find their application across majority of the end use sectors. Some of the major application segments include industrial, IT and data center, automotive and oil & gas industry. Among these applications highest revenue was contributed by the industrial sector in 2012 owing to excessive use of harmonic filters for harmonic correction in drives. Amongst the other application sectors, IT and data center and automotive applications are major applications and these applications are expected to expand their market share in the coming years with an expected increase in the consumer awareness.

Some of the key players for the harmonic filters market in India include ABB India Ltd., Schneider Electric India, Emerson Network Power (India) Pvt. Ltd., Schaffner Group, and Neowatt Power Solutions Co. Pvt. Ltd. among others.

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This report analyzes the India harmonic filters market in terms of revenue (USD million). The market has been segmented as follows:

Harmonic filter market in India, by Type:
  • Active Harmonic Filter
  • Passive Harmonic Filter
Harmonic filter market in India, by Voltage Level:
  • Low voltage
  • Medium voltage
  • High voltage
Harmonic filter market in India, by Application:
  • Industrial
  • Manufacturing
  • Metal processing
  • Pulp and paper
  • IT and data center
  • Automotive
  • Oil & gas
  • Others (Water treatment, packaging etc.)

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our highly experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.


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China’s Manufacturing Sector Set to Close 2014 on a Weak Note as Production Activity Contracts

A recently conducted private survey indicates a contraction in the factory activity in China. This adds weight to the view that China is in need of a strong stimulus. The findings are a part of the manufacturing purchasing managers’ index (PMI) gauged by HSBC/Markit. In November 2014, the reading of the index stood at 50, whereas in December it dipped to 49.5. An index reading higher than 50 denotes expansion, whereas anything lower than 50 points indicates contraction between two months.

The official PMI for December is slated to be released around the New Year by China. In November 2014, the official PMI released by China stood at 50.3. However, the latest reading from the HSBC/Markit survey puts Chinese manufacturing activity at a seven-month low.

According to HSBC China’s Chief Economist, Qu Hongbin, the domestic demand in China became sluggish and dipped below the 50-point mark for the very first time in the seven months leading back to April 2014. A sharp fall has also been noticed in the price indices. With this slowdown making its way into December, the year ends on a weak note for the Chinese manufacturing industry.

Earlier in December 2014, the central bank of China said that the country’s growth could decelerate to 7.1% in 2015, from 7.4% in 2014. The slump in the property market in China is the key reason for this. In the third quarter of 2014, growth in China’s economy slid to 7.3%. Since the 2008 global economic crisis, growth has never been this sluggish in China. And, it is for the first time in about 15 years that market watchers are speculating that China will miss its 7.5% official growth target.

Allianz Global Investors Announces Addition of 58MW Solar Park in South France to Portfolio

Allianz Global Investors, a German company, a 58 MW photovoltaic project—La Coste—located in southern France. The acquistion was made by the company for the Allianz Renewable Energy Fund (AREF). With this new portfolio—composed of six solar parks in Bordeaux—AREF has substantially added to its photovoltaic capacities. All plants are ground-mounted, with grid connections. According to available estimates, the production power of all these plants combined is about 75,000 MW hours of electricity annually. This amount of power, calculations show, can power at least 20,000 households in France.

According to Allianz Global Investors chief investment officer in-charge of infrastructure equity, Armin Sandhövel, the La Coste acquisition proves to be an ideal add-on the existing AREF portfolio. The company said that the solar irradiation of this French solar park is comparatively high, and thus serves as a premium investment. The company’s official said that this solar power park portfolio has furthered the company’s goals with respect to geographical diversification. This will also prove especially beneficial for investors in the company because they will now be able to reap the benefits of solar energy production in Italy, France, and Britain, over and above the electricity that is currently generated via the company-owned solar and wind power parks in Germany. La coste was acquired from BayWa r.e. Renewable Energy GmbH. Earlier in 2014, Allianz Global Investors had acquired the Great Glemham solar park in the UK from the same company.

The current deal will also see BayWa r.e. handling the operations and management at the La Coste solar power park.

McDonald’s Makes Attempt to Curb Dipping U.S. Sales by Trimming Menu and Tweaking Ingredients

Dec. 11, 2014 (TMR Blog)- Fast food giant McDonald’s is trying hard to brush off its image as a food chain that serves fast food. As part of this endeavor, the restaurant chain intends to rehash its menu, likely bring changes to its cooking methods, and even do away with certain ingredients that support the junk food image. The restaurant’s CEO Don Thompson reassured investors this week that these changes will go a long way in helping the chain retain customers that are changing loyalties in the pursuit for healthier food options. The meeting, held in Oak Brook, Illinois, was called after the company reported another month of decline in sales in the United States. According to the company, sales figures dipped by 4.6% in November, according to data gathered from established locations.
Thompson has earlier conceded the restaurant chain’s failure to adapt fast enough to the changing tastes of consumers. This has largely happened because consumers are increasingly moving towards foods that are wholesome and have more fresh ingredients, often giving ‘junk food’ such as fries and fast food burgers a miss.
The company hopes that by introducing newer, healthier ingredients to its kitchens, it can mitigate this problem to some extent. The company has said that changes will need to be brought to the way McDonald’s prepares and delivers food. Customers will also likely notice a trimmed menu at McDonald’s restaurants in the future. A simplified menu, the company opines, will help customers make a choice quicker.
Another initiative that the company is taking is to rally after a program called ‘Create Your Taste’ that allows customers to choose their preferred burger buns, cheese and topping.

Luxury Brand Prada Manages to Sail Through 2014 with Satisfactory Earnings

Dec. 10, 2014 (TMR Blog)- Prada, the Italian luxury brand, has reported net profits to the tune of 319.3 million euros for the first three quarters of 2014, ending October 31. The company said that for this period, its consolidated net revenues amounted to 2.55 billion euros , a drop of 0.9% if calculated at the current exchange rates, and an increase of 0.5% if calculated at the constant rate of exchange. The company also said that its EBITDA was valued at 681.7 million euros, whereas the EBIT amounted to 496.4 million euros during this period.

The CEO of Prada Spa, Patrizio Bertelli, said that the year 2014 was proving more challenging for the company than what was previously thought. Over and above the complicated economic environment prevailing at the international level, numerous other changes and adjustments are being observed in the global luxury goods market. He said that the extent of these adjustments and changes was not yet clear. However, he expressed confidence that the company’s growth prospects in the medium term remained optimistic even as the company maintained a focus on the increasingly complex market conditions.

Bertelli added that the company remained confident of its decision to prioritize medium-term development of the group. This would be done via investments geared toward stylistic and qualitative excellence, the senior official said.

Prada has also been purportedly working on improving the efficiency of its business structures and on bringing improvements to the operating performance of its stores across global locations. All of these initiatives are expected to bring in higher levels of profitability, the company’s CEO said.

Finland Takes Steps to Strengthen Nuclear Energy Ties with Russia

Dec. 9, 2014 (TMR Blog)- Finland is taking steps towards strengthening its energy ties with neighboring Russia, after the former’s parliament gave the nod of approval for nuclear plant plans to be supplied by Rosatom, Russian state owned company. This step comes despite the mounting tensions between the East-West in the backdrop of the Ukraine crisis.

The parliament saw 115 parliamentarians in support of the decision, while 74 voted against it. This vote comes despite the recent call by the European Union asking its members to cut back on any energy-related deals with Russia. Following this step by the EU, Russia responded by deciding to send more gas to Turkey (a non-EU member) and cancelling a plan to construct a natural gas pipeline to Bulgaria, which is a member of the EU.

The Fennovoima nuclear reactor, located in Finland’s northern side, will be fuelled by Rosatom, and it is expected that output at this plant will begin in 2024. Financing for the Fennovoima reactor will also be arranged by Rosatom, as per the deal. According to economy minister of Finland, this wasn’t the “best time” to make this decision if the current international political scenario is taken into consideration. He said, however, that it was imperative for the Finnish parliament to make decisions when they did come to their table. He also stressed that this latest project would not be carried out in violation of the sanctions that have been imposed by the EU on Russia.

The project is valued at approximately US$8.7 billion, and had won backing way back in 2010. However, the project ran into a rough patch with several investors deciding to back out of the project. Last year, the project got back on track with Rosatom agreeing to pick up a stake in the project provided it was allowed to supply the nuclear reactor.

In New Zealand, 8% Pay Gap Prevails Between Men and Women in Public Sector: Report

Dec. 9, 2014 (TMR Blog)-Even as the number of women helming affairs in the public sector has shot up considerably, they are still reportedly underpaid by 8% as compared to their male counterparts. This gap, according to Human Resource Capability report published by the State Services Commission of New Zealand, has not changed in at least the last five years. The report, which is published annually, says that the gap that prevails in the pay packages of men and women holding key leadership positions in the public sector has held steady since 2010. A year later, in 2011, this gap became wider, reaching 11%, but has now returned to its previous levels of 8% for those in senior roles.

According to the report, the pay gap between men and women was worse among those working at lower levels in the public sector – women’s pay packages were 14% less than their male colleagues. The report further states that this gap was visible across the entire public sector. Men were reported to be earning an average of $76,784, which translates into about $11,000 more than what women earn. Andrew Little, leader of the Labour party, said this gap indicated a “failure of leadership” across the public services.

Figures show that women constitute nearly 60% of the entire public service workforce, which is about 42% of the total workforce. The report also showed that the Department of Prime Minister and the Cabinet was the worst in terms of women helming affairs, with just 15% females at occupying the top offices despite constituting 50% of the total staff of this department.

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