Global Harmonic Generators (HG) Market by Type (Second Harmonic Generators (SHG), Third Harmonic Generators (THG), Fourth Harmonic Generators (FHG), Others), By Application (Micromachining, Optical, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global harmonic generators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for harmonic generators in micromachining and optical applications. Additionally, the growing demand for renewable energy sources is also propelling the growth of the global harmonic generators market. However, fluctuations in prices of raw materials used in manufacturing harmonic generators may restrain the growth of this market during the forecast period. Based on type, second harmonic generators (SHG) are expected to account for a major share of the global harmonic generators market during 2018-2030 owing to their high efficiency and low cost as compared to other types of harmonics generatorsthis segment is projected register highest CAGR over next 10 years .Third Harmonic Generators (THG) are anticipated witness highest adoption rates across various application segments such as medical devices, semiconductor fabrication and others due their ability generate clean power with less distortion . Regionally, Asia Pacific excluding Japan (APEJ) is estimated dominate global Harmonic Generator Market throughout assessment period with countries such as China.



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Product Definition:

Harmonic Generator (HG) is a device that produces harmonic current. It is used to reduce the harmonic current in the system and improve power factor.

Second Harmonic Generators (SHG):

Second harmonic generators (SHG) are a type of optical filter which generates an additional, independent set of wavelengths from the original. The generated light has a wavelength between 400 nm and 440 nm. They can be used in applications such as mixing fiber optic signals or generating multiple laser beams with different colors from the same source by using different filters for each color channel.

The global SHG market size was valued at USD 12.5 million in 2016.

Third Harmonic Generators (THG):

Third harmonic generators (THG) are a special type of generator that produces an extremely pure sine waveform with very low distortion. They are used in applications where the other two types of generators, i.e., second and fundamental harmonic generators, cannot be used because of some technical limitations or restrictions such as bandwidth, cost or power consumption etc.

Application Insights:

The others segment includes power generation, medical and industrial applications. The application of harmonics in the field of medical is expected to witness significant growth over the forecast period owing to increasing demand for high precision tools in various end-use industries. Harmonics are widely used in x-ray machines, CT scanners, MRIs and other imaging devices as well as signal generators that are used by doctors for diagnosing diseases or conducting surgeries.

The optical segment is projected to grow at a CAGR of XX% from 2017 to 2030 owing to an increase in demand for high resolution images generated using fourth harmonic generation (FHG). FHGs can generate higher image resolution than conventional X-ray sources because they produce multiplexed waves with different frequencies which enhance the absorption characteristic of tissue.

Regional Analysis:

North America dominated the global market in 2017 owing to the presence of major players such as General Electric, Emerson Electric Co., and Siemens. The region is expected to maintain its dominance over the forecast period due to increasing investments in research & development activities for developing innovative products. Moreover, rising demand for energy-efficient products is also expected to drive growth during the same period.

Asia Pacific Harmonic Generators (APAC) market is anticipated to grow at a significant rate over the forecast period owing to rapid industrialization and urbanization resulting into increased construction activities which will lead rise in demand for power distribution equipment. Furthermore, growing population along with increasing disposable income will boost product adoption across various end-use industries such as transportation & logistics (T&L), healthcare, consumer electronics among others leading towards high growth potential of this regional market.

Growth Factors:

Increasing demand for clean and renewable energy sources is expected to drive the growth of harmonic generators market over the forecast period.
Growing awareness about the benefits of using harmonic generators is anticipated to propel the market growth.
Rising number of installations of renewable energy systems is projected to fuel the demand for harmonic generators in near future.
Increasing R&D investments for developing advanced technologies is likely to create new opportunities for Harmonic Generators (HG) market in coming years


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Scope Of The Report
Report Attributes
Report Details
Report Title
Harmonic Generators (HG) Market Research Report
By Type
Second Harmonic Generators (SHG), Third Harmonic Generators (THG), Fourth Harmonic Generators (FHG), Others
By Application
Micromachining, Optical, Others
By Companies
Ultrafast Systems, Newport, Coherent Inc, Light Conversion, Avesta Project Ltd, Minioptic Technology, Clark-MXR, Inc., Radiant Light SL, PriTel, Inc, Ultrafast Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.

Global Harmonic Generators (HG) Market Report Segments:
The global Harmonic Generators (HG) market is segmented on the basis of:
Types
Second Harmonic Generators (SHG), Third Harmonic Generators (THG), Fourth Harmonic Generators (FHG), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Micromachining, Optical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Ultrafast Systems
Newport
Coherent Inc
Light Conversion
Avesta Project Ltd
Minioptic Technology
Clark-MXR, Inc.
Radiant Light SL
PriTel, Inc
Ultrafast Systems



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Highlights of The Harmonic Generators (HG) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Second Harmonic Generators (SHG)
Third Harmonic Generators (THG)
Fourth Harmonic Generators (FHG)
Others
By Application:
Micromachining
Optical
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Harmonic Generators (HG) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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