Market Overview:
The global power factor controllers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions across various industries and the growing awareness about the benefits of using power factor controllers. The global power factor controllers market is segmented on the basis of type, application, and region. On the basis of type, it is divided into active power factor controllers and passive power factor controllers. Active Power Factor Controllers (APFC) are more efficient than passive PFCs as they actively correct voltage and current imbalances thereby improving overall system efficiency. APFCs are used in a wide range of applications such as buildings, mining steel industry, pulp and paper, plastics, food industries etc., whereas passive PFCs are mainly used in low-power applications such as domestic appliances etc. The APFC segment is expected to grow at a higher CAGR during the forecast period from 2018 to 2030 owing to its high efficiency and widespread adoption across various industrial sectors. On the basis of application, it is divided into buildings & infrastructure; mining steel industry; pulp & paper; plastics processing; food processing; others (including transportation sector). Buildings & infrastructure was estimated to account for majority share (~40%) in 2017 owing to increasing construction activities aroundthe world coupled with rising demand for energy-efficient solutions in this sector .
Product Definition:
A power factor controller is a device that is used to improve the power factor of an electrical system. The importance of power factor controllers is that they can help to improve the efficiency of an electrical system and reduce the amount of electricity that is wasted.
Active Power Factor Controllers:
Active Power Factor Controllers (APFC) are electronic devices that regulate the power factor of an AC circuit. The power factor is a measure of how closely the load is balanced by its source voltage. A high Active Power Factor Controller (APFC) number indicates a better load-balancing result and less energy consumption in comparison with conventional systems, which use reactive power handling methods to achieve similar results.
Passive Power Factor Controllers:
Passive Power Factor Controllers are used to improve the power factor of a system. They can be used in various applications such as distribution, sub-transmission and transformation. The main function of these controllers is to reduce the reactive power that is being drawn from the source and convert it into a form that can be utilized by the load devices.
The global Passive Power Factor Controllers.
Application Insights:
The application segment is segregated into buildings, mining steel industry, pulp and paper, plastics, food industries and others. The building sector was the largest contributor to the global market in 2017. Factors such as growing urbanization along with rising demand for energy-efficient products are expected to drive the product demand in this segment over the forecast period.
The controller plays a major role in controlling PF conditions of industrial plants that include oil refineries.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising investments in industrial development and increasing adoption of power factor correction solutions in countries such as China, India, Japan, and South Korea. Increasing demand for clean energy coupled with growing awareness regarding environment protection is anticipated to drive the market further.
The European region accounted for a significant share of revenue owing to early adoption of APFC technologies across various end-use industries such as steel industry, food & beverage sector among others. In addition, presence of strict regulations aimed at reducing carbon footprint along with stringent environmental norms are likely to boost product demand over the next eight years.
North America region accounted for more than 20% revenue share in 2016 due its large manufacturing base compared to Asia Pacific.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for power factor controllers is expected to grow at a CAGR of more than 7% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient devices across the globe.
- Rising awareness about the benefits of using power factor controllers: There is a growing awareness among consumers about the benefits of using power factor controllers, which is driving the growth of this market.
- Growing investments in renewable energy sources: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power, which is contributing to the growth of the global market for power factor controllers.
- Technological advancements: The development of new technologies that help improve efficiency and reduce wastage has led to an increase in demand for power factor controllers, thereby driving their growth globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Power Factor Controllers Market Research Report
By Type
Active Power Factor Controllers, Passive Power Factor Controllers
By Application
Buildings, Mining Steel Industry, Pulp and Paper, Plastics, Food Industries, Others
By Companies
ABB, General Electric Company, Eaton Corporation, Schneider Electric, EPCOS, Analog Devices(Linear Technology), Texas Instruments, NJR, Fairchild Semiconductor International, On Semiconductor, Vishay, STMicroelectronics, Infineon, Crompton Greaves, Larsen & Toubro, DioderZetex
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Power Factor Controllers Market Report Segments:
The global Power Factor Controllers market is segmented on the basis of:
Types
Active Power Factor Controllers, Passive Power Factor Controllers
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
Buildings, Mining Steel Industry, Pulp and Paper, Plastics, Food Industries, 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:
- ABB
- General Electric Company
- Eaton Corporation
- Schneider Electric
- EPCOS
- Analog Devices(Linear Technology)
- Texas Instruments
- NJR
- Fairchild Semiconductor International
- On Semiconductor
- Vishay
- STMicroelectronics
- Infineon
- Crompton Greaves
- Larsen & Toubro
- DioderZetex
Highlights of The Power Factor Controllers 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:
- Active Power Factor Controllers
- Passive Power Factor Controllers
- By Application:
- Buildings
- Mining Steel Industry
- Pulp and Paper
- Plastics
- Food Industries
- 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 Power Factor Controllers 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
Frequently Asked Questions?
A power factor controller (PFC) is a device that can improve the efficiency of an electrical system by correcting for deviations in power quality. Power factor correction can be used to improve overall system performance and reliability, especially in high-voltage systems.
Some of the major players in the power factor controllers market are ABB, General Electric Company, Eaton Corporation, Schneider Electric, EPCOS, Analog Devices(Linear Technology), Texas Instruments, NJR, Fairchild Semiconductor International, On Semiconductor, Vishay, STMicroelectronics, Infineon, Crompton Greaves, Larsen & Toubro, DioderZetex.
The power factor controllers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power Factor Controllers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power Factor Controllers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power Factor Controllers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power Factor Controllers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power Factor Controllers Market Size & Forecast, 2018-2028
4.5.1 Power Factor Controllers Market Size and Y-o-Y Growth
4.5.2 Power Factor Controllers Market Absolute $ Opportunity
Chapter 5 Global Power Factor Controllers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Power Factor Controllers Market Size Forecast by Type
5.2.1 Active Power Factor Controllers
5.2.2 Passive Power Factor Controllers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power Factor Controllers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Power Factor Controllers Market Size Forecast by Applications
6.2.1 Buildings
6.2.2 Mining Steel Industry
6.2.3 Pulp and Paper
6.2.4 Plastics
6.2.5 Food Industries
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power Factor Controllers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power Factor Controllers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Power Factor Controllers Analysis and Forecast
9.1 Introduction
9.2 North America Power Factor Controllers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Power Factor Controllers Market Size Forecast by Type
9.6.1 Active Power Factor Controllers
9.6.2 Passive Power Factor Controllers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Power Factor Controllers Market Size Forecast by Applications
9.10.1 Buildings
9.10.2 Mining Steel Industry
9.10.3 Pulp and Paper
9.10.4 Plastics
9.10.5 Food Industries
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Power Factor Controllers Analysis and Forecast
10.1 Introduction
10.2 Europe Power Factor Controllers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Power Factor Controllers Market Size Forecast by Type
10.6.1 Active Power Factor Controllers
10.6.2 Passive Power Factor Controllers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Power Factor Controllers Market Size Forecast by Applications
10.10.1 Buildings
10.10.2 Mining Steel Industry
10.10.3 Pulp and Paper
10.10.4 Plastics
10.10.5 Food Industries
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Power Factor Controllers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power Factor Controllers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Power Factor Controllers Market Size Forecast by Type
11.6.1 Active Power Factor Controllers
11.6.2 Passive Power Factor Controllers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Power Factor Controllers Market Size Forecast by Applications
11.10.1 Buildings
11.10.2 Mining Steel Industry
11.10.3 Pulp and Paper
11.10.4 Plastics
11.10.5 Food Industries
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Power Factor Controllers Analysis and Forecast
12.1 Introduction
12.2 Latin America Power Factor Controllers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Power Factor Controllers Market Size Forecast by Type
12.6.1 Active Power Factor Controllers
12.6.2 Passive Power Factor Controllers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Power Factor Controllers Market Size Forecast by Applications
12.10.1 Buildings
12.10.2 Mining Steel Industry
12.10.3 Pulp and Paper
12.10.4 Plastics
12.10.5 Food Industries
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Power Factor Controllers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power Factor Controllers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Power Factor Controllers Market Size Forecast by Type
13.6.1 Active Power Factor Controllers
13.6.2 Passive Power Factor Controllers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Power Factor Controllers Market Size Forecast by Applications
13.10.1 Buildings
13.10.2 Mining Steel Industry
13.10.3 Pulp and Paper
13.10.4 Plastics
13.10.5 Food Industries
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power Factor Controllers Market: Competitive Dashboard
14.2 Global Power Factor Controllers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 General Electric Company
14.3.3 Eaton Corporation
14.3.4 Schneider Electric
14.3.5 EPCOS
14.3.6 Analog Devices(Linear Technology)
14.3.7 Texas Instruments
14.3.8 NJR
14.3.9 Fairchild Semiconductor International
14.3.10 On Semiconductor
14.3.11 Vishay
14.3.12 STMicroelectronics
14.3.13 Infineon
14.3.14 Crompton Greaves
14.3.15 Larsen & Toubro
14.3.16 DioderZetex
