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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 3.1% 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.

COVID-19 Impact on the Automatic Power Factor Controller Market

Most industries over the globe have been poorly influenced over the last 18 months owing to the COVI-19 outbreak. This can be attributed to significant interruptions faced by their respective production and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were imposed by governing authorities over the world. The same applies to the global automatic power factor controller market. Furthermore, consumer demand has also subsequently declined as individuals are now more keep on removing non-essential expenses from their respective budgets as the general economic status of most individuals has been adversely influenced by this pandemic. These above-mentioned elements are anticipated to burden the revenue track of the global automatic power factor controller market during the forecast period. Nevertheless, as respective governing authorities started to lift these enforced lockdowns, the global automatic power factor controller market is anticipated to recover accordingly.

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 :

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:

3.1%

Market Size in 2032:

USD 5.92 Bn.

Segments Covered:

By Type

  • Active Power Factor Controller
  • Passive Power Factor Controller

By Component

  • Relays
  • Capacitors
  • Resistors
  • Displays
  • Microcontrollers
  • Switches

By Installation Type

  • Self-Standing APFC Panels
  • Wall-Mounted APFC Panels

By Application

  • Petroleum Chemical Industry
  • Food Industry
  • Manufacturing
  • Utility Industry
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growing Demand for Automatic Power Factor Controllers in Various Industries.

Key Market Restraints:

  • Automatic Power Factor Controller Has A Short Service Life

Key Opportunities:

  • Growing Industrialization Provides Lucrative Opportunity For the Market

Companies Covered in the report:

  • STMicroelectronics NV (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (US), EPCOS AG (Germany), Fairchild Semiconductor International Inc. (US), and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Component
 3.3 By Installation Type
 3.4 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Automatic Power Factor Controller Market by Type
 5.1 Automatic Power Factor Controller Market Overview Snapshot and Growth Engine
 5.2 Automatic Power Factor Controller Market Overview
 5.3 Active Power Factor Controller
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Active Power Factor Controller: Grographic Segmentation
 5.4 Passive Power Factor Controller
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Passive Power Factor Controller: Grographic Segmentation

Chapter 6: Automatic Power Factor Controller Market by Component
 6.1 Automatic Power Factor Controller Market Overview Snapshot and Growth Engine
 6.2 Automatic Power Factor Controller Market Overview
 6.3 Relays
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Relays: Grographic Segmentation
 6.4 Capacitors
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Capacitors: Grographic Segmentation
 6.5 Resistors
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Resistors: Grographic Segmentation
 6.6 Displays
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Displays: Grographic Segmentation
 6.7 Microcontrollers
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Microcontrollers: Grographic Segmentation
 6.8 Switches
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2017-2032F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Switches: Grographic Segmentation

Chapter 7: Automatic Power Factor Controller Market by Installation Type
 7.1 Automatic Power Factor Controller Market Overview Snapshot and Growth Engine
 7.2 Automatic Power Factor Controller Market Overview
 7.3 Self-Standing APFC Panels
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Self-Standing APFC Panels: Grographic Segmentation
 7.4 Wall-Mounted APFC Panels
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Wall-Mounted APFC Panels: Grographic Segmentation

Chapter 8: Automatic Power Factor Controller Market by Application
 8.1 Automatic Power Factor Controller Market Overview Snapshot and Growth Engine
 8.2 Automatic Power Factor Controller Market Overview
 8.3 Petroleum Chemical Industry
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2017-2032F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Petroleum Chemical Industry: Grographic Segmentation
 8.4 Food Industry
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2017-2032F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Food Industry: Grographic Segmentation
 8.5 Manufacturing
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2017-2032F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Manufacturing: Grographic Segmentation
 8.6 Utility Industry
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2017-2032F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Utility Industry: Grographic Segmentation
 8.7 Others
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2017-2032F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Automatic Power Factor Controller Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Automatic Power Factor Controller Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Automatic Power Factor Controller Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 STMICROELECTRONICS NV
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 EATON CORPORATION PLC.
 9.4 GENERAL ELECTRIC COMPANY
 9.5 EPCOS AG
 9.6 FAIRCHILD SEMICONDUCTOR INTERNATIONAL INC.
 9.7 LARSEN & TURBO
 9.8 ABB LTD.
 9.9 CROMPTON GREAVES LTD.
 9.10 GENERAL ELECTRIC
 9.11 SCHNEIDER ELECTRIC
 9.12 TEXAS INSTRUMENTS INC.
 9.13 ON SEMICONDUCTOR CORPORATION
 9.14 STMICROELECTRONICS
 9.15 OTHER MAJOR PLAYERS

Chapter 10: Global Automatic Power Factor Controller Market Analysis, Insights and Forecast, 2017-2032
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Active Power Factor Controller
  10.2.2 Passive Power Factor Controller
 10.3 Historic and Forecasted Market Size By Component
  10.3.1 Relays
  10.3.2 Capacitors
  10.3.3 Resistors
  10.3.4 Displays
  10.3.5 Microcontrollers
  10.3.6 Switches
 10.4 Historic and Forecasted Market Size By Installation Type
  10.4.1 Self-Standing APFC Panels
  10.4.2 Wall-Mounted APFC Panels
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Petroleum Chemical Industry
  10.5.2 Food Industry
  10.5.3 Manufacturing
  10.5.4 Utility Industry
  10.5.5 Others

Chapter 11: North America Automatic Power Factor Controller Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Active Power Factor Controller
  11.4.2 Passive Power Factor Controller
 11.5 Historic and Forecasted Market Size By Component
  11.5.1 Relays
  11.5.2 Capacitors
  11.5.3 Resistors
  11.5.4 Displays
  11.5.5 Microcontrollers
  11.5.6 Switches
 11.6 Historic and Forecasted Market Size By Installation Type
  11.6.1 Self-Standing APFC Panels
  11.6.2 Wall-Mounted APFC Panels
 11.7 Historic and Forecasted Market Size By Application
  11.7.1 Petroleum Chemical Industry
  11.7.2 Food Industry
  11.7.3 Manufacturing
  11.7.4 Utility Industry
  11.7.5 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Automatic Power Factor Controller Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Active Power Factor Controller
  12.4.2 Passive Power Factor Controller
 12.5 Historic and Forecasted Market Size By Component
  12.5.1 Relays
  12.5.2 Capacitors
  12.5.3 Resistors
  12.5.4 Displays
  12.5.5 Microcontrollers
  12.5.6 Switches
 12.6 Historic and Forecasted Market Size By Installation Type
  12.6.1 Self-Standing APFC Panels
  12.6.2 Wall-Mounted APFC Panels
 12.7 Historic and Forecasted Market Size By Application
  12.7.1 Petroleum Chemical Industry
  12.7.2 Food Industry
  12.7.3 Manufacturing
  12.7.4 Utility Industry
  12.7.5 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Automatic Power Factor Controller Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Active Power Factor Controller
  13.4.2 Passive Power Factor Controller
 13.5 Historic and Forecasted Market Size By Component
  13.5.1 Relays
  13.5.2 Capacitors
  13.5.3 Resistors
  13.5.4 Displays
  13.5.5 Microcontrollers
  13.5.6 Switches
 13.6 Historic and Forecasted Market Size By Installation Type
  13.6.1 Self-Standing APFC Panels
  13.6.2 Wall-Mounted APFC Panels
 13.7 Historic and Forecasted Market Size By Application
  13.7.1 Petroleum Chemical Industry
  13.7.2 Food Industry
  13.7.3 Manufacturing
  13.7.4 Utility Industry
  13.7.5 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Automatic Power Factor Controller Market Analysis, Insights and Forecast, 2017-2032
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Active Power Factor Controller
  14.4.2 Passive Power Factor Controller
 14.5 Historic and Forecasted Market Size By Component
  14.5.1 Relays
  14.5.2 Capacitors
  14.5.3 Resistors
  14.5.4 Displays
  14.5.5 Microcontrollers
  14.5.6 Switches
 14.6 Historic and Forecasted Market Size By Installation Type
  14.6.1 Self-Standing APFC Panels
  14.6.2 Wall-Mounted APFC Panels
 14.7 Historic and Forecasted Market Size By Application
  14.7.1 Petroleum Chemical Industry
  14.7.2 Food Industry
  14.7.3 Manufacturing
  14.7.4 Utility Industry
  14.7.5 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Automatic Power Factor Controller Market Analysis, Insights and Forecast, 2017-2032
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Active Power Factor Controller
  15.4.2 Passive Power Factor Controller
 15.5 Historic and Forecasted Market Size By Component
  15.5.1 Relays
  15.5.2 Capacitors
  15.5.3 Resistors
  15.5.4 Displays
  15.5.5 Microcontrollers
  15.5.6 Switches
 15.6 Historic and Forecasted Market Size By Installation Type
  15.6.1 Self-Standing APFC Panels
  15.6.2 Wall-Mounted APFC Panels
 15.7 Historic and Forecasted Market Size By Application
  15.7.1 Petroleum Chemical Industry
  15.7.2 Food Industry
  15.7.3 Manufacturing
  15.7.4 Utility Industry
  15.7.5 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

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:

3.1%

Market Size in 2032:

USD 5.92 Bn.

Segments Covered:

By Type

  • Active Power Factor Controller
  • Passive Power Factor Controller

By Component

  • Relays
  • Capacitors
  • Resistors
  • Displays
  • Microcontrollers
  • Switches

By Installation Type

  • Self-Standing APFC Panels
  • Wall-Mounted APFC Panels

By Application

  • Petroleum Chemical Industry
  • Food Industry
  • Manufacturing
  • Utility Industry
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growing Demand for Automatic Power Factor Controllers in Various Industries.

Key Market Restraints:

  • Automatic Power Factor Controller Has A Short Service Life

Key Opportunities:

  • Growing Industrialization Provides Lucrative Opportunity For the Market

Companies Covered in the report:

  • STMicroelectronics NV (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (US), EPCOS AG (Germany), Fairchild Semiconductor International Inc. (US), and other major players.
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Frequently Asked Questions :

What would be the forecast period in the Automatic Power Factor Controller Market research report?

The forecast period in the Automatic Power Factor Controller Market research report is 2024-2032.

Who are the 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.

What are the segments of the Automatic Power Factor Controller Market?

The Automatic Power Factor Controller Market is segmented into Type, Component, Installation Type, Application, and region. By Type, the market is categorized into Active Power Factor Controller and Passive Power Factor Controller. By Component, the market is categorized into Relays, Capacitors, Resistors, Displays, Microcontrollers, and Switches. By Installation Type, the market is categorized into Self-Standing APFC Panels and Wall-Mounted APFC Panels. By Application, the market is categorized into Petroleum Chemical Industry, Food Industry, Manufacturing, Utility Industry, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Automatic Power Factor Controller Market?

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.

How big is the Automatic Power Factor Controller Market?

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 3.1% From 2024-2032.