Automatic Power Factor Controller Market Overview
Automatic Power Factor Controller Market Size Was Valued at USD 4.5 Billion In 2023 And Is Projected to Reach USD 5.92 Billion By 2032, Growing at A CAGR of 3.10% From 2024-2032.
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, we require 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. The factors that accelerate the growth of the global automatic power factor controller market incorporates execution of automatic power factor controller in almost all the industries such as petroleum chemical industry, food industry, manufacturing, utility, commercial, enterprise, pharmaceutical industry, military, and others. In addition, rising demand for power management devices in the industries; thus, eventually a requirement for automatic power factor controllers. Several beneficial characteristics also turn the growth of the automatic power factor controller market such as management of power factor, need for inhibiting electronic apparatus from destruction, declines in electricity expenses, and power saving.
Market Dynamics For Automatic Power Factor Controller Market
Drivers:
- 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 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. Power management is applied in computers, graphics power units (GPU), computer peripherals were turning off switches declines power supplies consequently leading to an efficient power supply to this device. Automatic power factor controller once installed in these industries decreases power requirement and low level of power utilization finally decrease electricity expenses also. Accessibility of extra KVA from the same existing supply. The decline in I²R losses in transformers and distribution equipment. Most of the utility industries such as power plants and transformers need reactive power factors and reduction in power losses is one of the foremost requirements. This would save electrical equipment from damaging and automatic power factor controller is anticipated to attain rising demand throughout the forecast period.
Restraints:
- Some factors hamper the automatic power factor controller market during the forecast period. Automatic power factor controller has a short service life ranging from 8 to 10 years, also they are easily damaged if the voltage surpassed the rated value and once the capacitors are damaged, their repair is uneconomical which affect the automatic power factor controller market growth during the forecast period.
Opportunities:
- A prototype-designed GSM system can be utilized for the large rating of 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, measuring errors in the metering system. Furthermore, declines in network losses and equipment overloading & stress on insulation Reduces cost, unplanned outages, and rise power accessibility thus, which is expected to create a lucrative opportunity for the automatic power factor controller market in the upcoming years.
Market Segmentation
Global Automatic Power Factor Controller Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below;
Segmentation Analysis of 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 attribute 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. In addition, the active automatic power factor controller incorporates active components such as diodes and transistors that allow the engineers to attain a high-power factor of 0.99. Thus, most industries select active automatic power factor controllers owing to the high precision of power superiority.
- Based on Component, microcontrollers are anticipated to dominates 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. Hence, the demand for APFC microcontrollers would increase, and demand for APFC microcontrollers is probably to grow over the forecast period.
- Based on Application, the utility industry is expected to register the maximum automatic power factor controller market share over the forecast period. The factors that attribute to the growth of this sector are decreases in power loss in the distribution system, safeguarding the electronic devices from destruction, and superiority of reactive power. Furthermore, the utility industry is also determined to improve the power factor.
Regional Analysis of 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. (US), Texas Instruments Inc. (US), ON Semiconductor Corporation (U.S.), General Electric (U.S.), and others will hasten the automatic power factor controller market in the region.
- Furthermore, revenues from the Asia Pacific market are anticipated to grow at a significantly high speed during the forecast period, due to increasing urbanization, rising industrialization, and rising investments in infrastructure development in the region.
Players Covered in Automatic Power Factor Controller market are :
- 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 others Major Players.
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Global Automatic Power Factor Controller Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 4.5 Bn. |
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Forecast Period 2024-32 CAGR: |
3.10% |
Market Size in 2032: |
USD 5.92 Bn. |
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Segments Covered: |
By Type |
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By Component |
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By Installation Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Automatic Power Factor Controller Market by Type (2018-2032)
4.1 Automatic Power Factor Controller Market Snapshot and Growth Engine
4.2 Market Overview
4.3 Active Power Factor Controller
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
4.3.3 Key Market Trends, Growth Factors, and Opportunities
4.3.4 Geographic Segmentation Analysis
4.4 Passive Power Factor Controller
Chapter 5: Automatic Power Factor Controller Market by Component (2018-2032)
5.1 Automatic Power Factor Controller Market Snapshot and Growth Engine
5.2 Market Overview
5.3 Relays
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Geographic Segmentation Analysis
5.4 Capacitors
5.5 Resistors
5.6 Displays
5.7 Microcontrollers
5.8 Switches
Chapter 6: Automatic Power Factor Controller Market by Installation Type (2018-2032)
6.1 Automatic Power Factor Controller Market Snapshot and Growth Engine
6.2 Market Overview
6.3 Self-Standing APFC Panels
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
6.3.3 Key Market Trends, Growth Factors, and Opportunities
6.3.4 Geographic Segmentation Analysis
6.4 Wall-Mounted APFC Panels
Chapter 7: Automatic Power Factor Controller Market by Application (2018-2032)
7.1 Automatic Power Factor Controller Market Snapshot and Growth Engine
7.2 Market Overview
7.3 Petroleum Chemical Industry
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
7.3.3 Key Market Trends, Growth Factors, and Opportunities
7.3.4 Geographic Segmentation Analysis
7.4 Food Industry
7.5 Manufacturing
7.6 Utility Industry
7.7 Others
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Automatic Power Factor Controller Market Share by Manufacturer (2024)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 VOLZHENKA(RU)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 ATTILUS(UK)
8.4 CAVIAR RUSSE (US)
8.5 KOLIKOF CAVIAR (US)
8.6 SASANIAN CAVIAR (US)
8.7 SEATTLE CAVIAR (US)
8.8 KALUGA QUEEN (CN)
8.9 CARIFOOD(JP)
8.10 CAVIC JAPAN(JP)
8.11 OTHERS KEY PLAYERS
Chapter 9: Global Automatic Power Factor Controller Market By Region
9.1 Overview
9.2. North America Automatic Power Factor Controller Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size by Type
9.2.4.1 Active Power Factor Controller
9.2.4.2 Passive Power Factor Controller
9.2.5 Historic and Forecasted Market Size by Component
9.2.5.1 Relays
9.2.5.2 Capacitors
9.2.5.3 Resistors
9.2.5.4 Displays
9.2.5.5 Microcontrollers
9.2.5.6 Switches
9.2.6 Historic and Forecasted Market Size by Installation Type
9.2.6.1 Self-Standing APFC Panels
9.2.6.2 Wall-Mounted APFC Panels
9.2.7 Historic and Forecasted Market Size by Application
9.2.7.1 Petroleum Chemical Industry
9.2.7.2 Food Industry
9.2.7.3 Manufacturing
9.2.7.4 Utility Industry
9.2.7.5 Others
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Automatic Power Factor Controller Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size by Type
9.3.4.1 Active Power Factor Controller
9.3.4.2 Passive Power Factor Controller
9.3.5 Historic and Forecasted Market Size by Component
9.3.5.1 Relays
9.3.5.2 Capacitors
9.3.5.3 Resistors
9.3.5.4 Displays
9.3.5.5 Microcontrollers
9.3.5.6 Switches
9.3.6 Historic and Forecasted Market Size by Installation Type
9.3.6.1 Self-Standing APFC Panels
9.3.6.2 Wall-Mounted APFC Panels
9.3.7 Historic and Forecasted Market Size by Application
9.3.7.1 Petroleum Chemical Industry
9.3.7.2 Food Industry
9.3.7.3 Manufacturing
9.3.7.4 Utility Industry
9.3.7.5 Others
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Automatic Power Factor Controller Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size by Type
9.4.4.1 Active Power Factor Controller
9.4.4.2 Passive Power Factor Controller
9.4.5 Historic and Forecasted Market Size by Component
9.4.5.1 Relays
9.4.5.2 Capacitors
9.4.5.3 Resistors
9.4.5.4 Displays
9.4.5.5 Microcontrollers
9.4.5.6 Switches
9.4.6 Historic and Forecasted Market Size by Installation Type
9.4.6.1 Self-Standing APFC Panels
9.4.6.2 Wall-Mounted APFC Panels
9.4.7 Historic and Forecasted Market Size by Application
9.4.7.1 Petroleum Chemical Industry
9.4.7.2 Food Industry
9.4.7.3 Manufacturing
9.4.7.4 Utility Industry
9.4.7.5 Others
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Automatic Power Factor Controller Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size by Type
9.5.4.1 Active Power Factor Controller
9.5.4.2 Passive Power Factor Controller
9.5.5 Historic and Forecasted Market Size by Component
9.5.5.1 Relays
9.5.5.2 Capacitors
9.5.5.3 Resistors
9.5.5.4 Displays
9.5.5.5 Microcontrollers
9.5.5.6 Switches
9.5.6 Historic and Forecasted Market Size by Installation Type
9.5.6.1 Self-Standing APFC Panels
9.5.6.2 Wall-Mounted APFC Panels
9.5.7 Historic and Forecasted Market Size by Application
9.5.7.1 Petroleum Chemical Industry
9.5.7.2 Food Industry
9.5.7.3 Manufacturing
9.5.7.4 Utility Industry
9.5.7.5 Others
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Automatic Power Factor Controller Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size by Type
9.6.4.1 Active Power Factor Controller
9.6.4.2 Passive Power Factor Controller
9.6.5 Historic and Forecasted Market Size by Component
9.6.5.1 Relays
9.6.5.2 Capacitors
9.6.5.3 Resistors
9.6.5.4 Displays
9.6.5.5 Microcontrollers
9.6.5.6 Switches
9.6.6 Historic and Forecasted Market Size by Installation Type
9.6.6.1 Self-Standing APFC Panels
9.6.6.2 Wall-Mounted APFC Panels
9.6.7 Historic and Forecasted Market Size by Application
9.6.7.1 Petroleum Chemical Industry
9.6.7.2 Food Industry
9.6.7.3 Manufacturing
9.6.7.4 Utility Industry
9.6.7.5 Others
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Automatic Power Factor Controller Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size by Type
9.7.4.1 Active Power Factor Controller
9.7.4.2 Passive Power Factor Controller
9.7.5 Historic and Forecasted Market Size by Component
9.7.5.1 Relays
9.7.5.2 Capacitors
9.7.5.3 Resistors
9.7.5.4 Displays
9.7.5.5 Microcontrollers
9.7.5.6 Switches
9.7.6 Historic and Forecasted Market Size by Installation Type
9.7.6.1 Self-Standing APFC Panels
9.7.6.2 Wall-Mounted APFC Panels
9.7.7 Historic and Forecasted Market Size by Application
9.7.7.1 Petroleum Chemical Industry
9.7.7.2 Food Industry
9.7.7.3 Manufacturing
9.7.7.4 Utility Industry
9.7.7.5 Others
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Global Automatic Power Factor Controller Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 4.5 Bn. |
|
Forecast Period 2024-32 CAGR: |
3.10% |
Market Size in 2032: |
USD 5.92 Bn. |
|
Segments Covered: |
By Type |
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By Component |
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By Installation Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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