Market Overview:
Global Automatic Power Factor Controller Market Size Was Valued at USD 4.36 Billion In 2022 And Is Projected to Reach USD 5.57 Billion By 2030, Growing at A CAGR of 3.1% From 2023 To 2030.
An automatic power factor controller project is developed to enhance the power factor automatically whenever the power factor falls below a certain level. As we know demand for electrical energy is rising day by day. More and more inductive loads are being utilized in industry and domestic applications. Inductive loads are the key factor for low power factors in the power system. Hence, they are required to design a method to enhance the power factor automatically. Furthermore, an automatic power controller project offers a solution to this problem. Low power factor incorporates a redundant burden on the power system and transmission lines. By improving the power factor of the power system automatically, power system efficiency can be boosted. Furthermore, the power factor correction prototype is designed using a pic microcontroller, transformer, relays, current transformer, and zero-crossing circuit.
Top Key Players in the Automatic Power Factor Controller Market:
STMicroelectronics NV (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (US), EPCOS AG (Germany), Fairchild Semiconductor International Inc. (US), Larsen & Turbo (India), APFC panels manufacturers include ABB Ltd. (Switzerland), Crompton Greaves Ltd. (India), General Electric (U.S.), Schneider Electric (France), Texas Instruments Inc. (US), ON Semiconductor Corporation (U.S.), STMicroelectronics (Switzerland), and Other Major Players.
Market Dynamics and Factors for Automatic Power Factor Controller Market:
Drivers:
Demand For Electric Power
An automatic power factor controller is a device that is programmed to automatically improve the output power when the power factor decreases under a certain level. Demand for electric power is growing constantly. In addition, the requirement to build a system for automatic improvement in the power factor is rising, as a low power factor puts lavish pressure on power grids and transmission lines. This requirement can be accomplished by using automatic power factor controllers. Demand for automatic power factor controllers is anticipated to grow at a significantly high rate shortly and the existing players are anticipated to reach a higher market share over the forecast period. Furthermore, the automatic power factor controller market is the
growing demand for power management in certain industries such as utility, manufacturing, defense, commercial, and enterprise among others.
Opportunities:
Revolutionizing Power Management
A prototype-designed GSM system can be utilized for the large rating of an automatic power factor controller system. Decreases harmonic content in the network which further reduces disturbances in the telecommunication network, misbehavior in control equipment and relay protections, and measuring errors in the metering system. Furthermore, declines in network losses and equipment overloading & stress on insulation Reduce cost, unplanned outages, and raise power accessibility, which is expected to create a lucrative opportunity for the automatic power factor controller market in the upcoming years.
Segmentation Analysis of the Automatic Power Factor Controller Market:
Based on Type, the active power factor controller is expected to dominate the automatic power factor controller market and gain US$3 Billion during the forecast period. The factors that contribute to the increase of this sector are the adoption of Active Automatic Power Factor Controller by many sectors such as manufacturing, commercial, military, utility, and others.
By Component, microcontrollers are anticipated to dominate the automatic power factor controller market over the forecast period. In the age of industrialization, there is a rising requirement for inductive charging, and losses in the electrical system are common.
Regional Analysis of the Automatic Power Factor Controller Market:
The North American market is anticipated to record the maximum revenue share in the global automatic power factor controller market during the forecast period. The major share of North America can be owed to the existence of major key players such as Fairchild Semiconductor International Inc. (U.S.), Texas Instruments Inc. (U.S.), ON Semiconductor Corporation (U.S.), General Electric (U.S.), and others will hasten the automatic power factor controller market in the region.
Key Industry Development:
In June 2021, Power Integrations announced that its HiperPFS-4 power factor correction (PFC) controller IC now includes an integrated Qspeed low reverse recovery charge (Qrr) boost diode. Between 75 W and 400 W, this combination achieves higher than 98 percent full-load efficiency in PC, TV, and similar applications.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
