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Global Power Factor Correction Devices Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 111 pages | ID: G001D39CA13DEN
APO Research

US$ 3,450.00

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Power-factor correction increases the power factor of a load, improving efficiency for the distribution system to which it is attached. Linear loads with low power factor (such as induction motors) can be corrected with a passive network of capacitors or inductors. Non-linear loads, such as rectifiers, distort the current drawn from the system. In such cases, active or passive power factor correction may be used to counteract the distortion and raise the power factor. The devices for correction of the power factor may be at a central substation, spread out over a distribution system, or built into power-consuming equipment.

According to APO Research, The global Power Factor Correction Devices market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Power Factor Correction Devices main players are ABB, Schneider, Siemens, Eaton, etc. Global top four manufacturers hold a share nearly 40%. Asia-Pacific is the largest market, with a share above 50%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Power Factor Correction Devices, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Factor Correction Devices.

The Power Factor Correction Devices market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Power Factor Correction Devices market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • ABB
  • Schneider
  • Siemens
  • Eaton
  • GE Grid Solutions
  • NISSIN ELECTRIC
  • Guilin Power Capacitor
  • Hubbell
  • Xian XD Power
  • Herong Electric
  • Shizuki Electric
  • Sieyuan Electric
  • Socomec
  • Rongxin Power Electronic
  • Ducati Energia
  • Iskra
  • ICAR SpA
  • Hangzhou Yinhu Electric
Power Factor Correction Devices segment by Type
  • Power Capacitor
  • AC Reactor
  • Active Power Filter
  • Others
Power Factor Correction Devices segment by Application
  • Commercial Utility
  • Industrial Utility
  • Public Power Supply
Power Factor Correction Devices Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Factor Correction Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Power Factor Correction Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Factor Correction Devices.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 5: Detailed analysis of Power Factor Correction Devices companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.

Chapter 12: Concluding Insights of the report

Chapter 12: Concluding Insights of the report
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global Power Factor Correction Devices Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global Power Factor Correction Devices Market Size by Region (2019-2030)
  1.4.1 Global Power Factor Correction Devices Market Size by Region (2019-2024)
  1.4.2 Global Power Factor Correction Devices Market Size by Region (2025-2030)
1.5 Key Regions Power Factor Correction Devices Market Size (2019-2030)
  1.5.1 North America Power Factor Correction Devices Market Size Growth Rate (2019-2030)
  1.5.2 Europe Power Factor Correction Devices Market Size Growth Rate (2019-2030)
  1.5.3 Asia-Pacific Power Factor Correction Devices Market Size Growth Rate (2019-2030)
  1.5.4 Latin America Power Factor Correction Devices Market Size Growth Rate (2019-2030)
  1.5.5 Middle East & Africa Power Factor Correction Devices Market Size Growth Rate (2019-2030)

2 POWER FACTOR CORRECTION DEVICES MARKET BY TYPE

2.1 Type Introduction
  2.1.1 Power Capacitor
  2.1.2 AC Reactor
  2.1.3 Active Power Filter
  2.1.4 Others
2.2 Global Power Factor Correction Devices Market Size by Type
  2.2.1 Global Power Factor Correction Devices Market Size Overview by Type (2019-2030)
  2.2.2 Global Power Factor Correction Devices Historic Market Size Review by Type (2019-2024)
  2.2.3 Global Power Factor Correction Devices Market Size Forecasted by Type (2025-2030)
2.3 Global Power Factor Correction Devices Market Size by Regions
  2.3.1 North America Power Factor Correction Devices Market Size Breakdown by Type (2019-2024)
  2.3.2 Europe Power Factor Correction Devices Market Size Breakdown by Type (2019-2024)
  2.3.3 Asia-Pacific Power Factor Correction Devices Market Size Breakdown by Type (2019-2024)
  2.3.4 Latin America Power Factor Correction Devices Market Size Breakdown by Type (2019-2024)
  2.3.5 Middle East and Africa Power Factor Correction Devices Market Size Breakdown by Type (2019-2024)

3 POWER FACTOR CORRECTION DEVICES MARKET BY APPLICATION

3.1 Type Introduction
  3.1.1 Commercial Utility
  3.1.2 Industrial Utility
  3.1.3 Public Power Supply
3.2 Global Power Factor Correction Devices Market Size by Application
  3.2.1 Global Power Factor Correction Devices Market Size Overview by Application (2019-2030)
  3.2.2 Global Power Factor Correction Devices Historic Market Size Review by Application (2019-2024)
  3.2.3 Global Power Factor Correction Devices Market Size Forecasted by Application (2025-2030)
3.3 Global Power Factor Correction Devices Market Size by Regions
  3.3.1 North America Power Factor Correction Devices Market Size Breakdown by Application (2019-2024)
  3.3.2 Europe Power Factor Correction Devices Market Size Breakdown by Application (2019-2024)
  3.3.3 Asia-Pacific Power Factor Correction Devices Market Size Breakdown by Application (2019-2024)
  3.3.4 Latin America Power Factor Correction Devices Market Size Breakdown by Application (2019-2024)
  3.3.5 Middle East and Africa Power Factor Correction Devices Market Size Breakdown by Application (2019-2024)

4 GLOBAL MARKET DYNAMICS

4.1 Power Factor Correction Devices Industry Trends
4.2 Power Factor Correction Devices Industry Drivers
4.3 Power Factor Correction Devices Industry Opportunities and Challenges
4.4 Power Factor Correction Devices Industry Restraints

5 COMPETITIVE INSIGHTS BY COMPANY

5.1 Global Top Players by Power Factor Correction Devices Revenue (2019-2024)
5.2 Global Power Factor Correction Devices Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global Power Factor Correction Devices Key Company Headquarters & Area Served
5.4 Global Power Factor Correction Devices Company, Product Type & Application
5.5 Global Power Factor Correction Devices Company Commercialization Time
5.6 Market Competitive Analysis
  5.6.1 Global Power Factor Correction Devices Market CR5 and HHI
  5.6.2 Global Top 5 and 10 Power Factor Correction Devices Players Market Share by Revenue in 2023
  5.6.3 2023 Power Factor Correction Devices Tier 1, Tier 2, and Tier

6 COMPANY PROFILES

6.1 ABB
  6.1.1 ABB Comapny Information
  6.1.2 ABB Business Overview
  6.1.3 ABB Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.1.4 ABB Power Factor Correction Devices Product Portfolio
  6.1.5 ABB Recent Developments
6.2 Schneider
  6.2.1 Schneider Comapny Information
  6.2.2 Schneider Business Overview
  6.2.3 Schneider Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.2.4 Schneider Power Factor Correction Devices Product Portfolio
  6.2.5 Schneider Recent Developments
6.3 Siemens
  6.3.1 Siemens Comapny Information
  6.3.2 Siemens Business Overview
  6.3.3 Siemens Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.3.4 Siemens Power Factor Correction Devices Product Portfolio
  6.3.5 Siemens Recent Developments
6.4 Eaton
  6.4.1 Eaton Comapny Information
  6.4.2 Eaton Business Overview
  6.4.3 Eaton Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.4.4 Eaton Power Factor Correction Devices Product Portfolio
  6.4.5 Eaton Recent Developments
6.5 GE Grid Solutions
  6.5.1 GE Grid Solutions Comapny Information
  6.5.2 GE Grid Solutions Business Overview
  6.5.3 GE Grid Solutions Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.5.4 GE Grid Solutions Power Factor Correction Devices Product Portfolio
  6.5.5 GE Grid Solutions Recent Developments
6.6 NISSIN ELECTRIC
  6.6.1 NISSIN ELECTRIC Comapny Information
  6.6.2 NISSIN ELECTRIC Business Overview
  6.6.3 NISSIN ELECTRIC Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.6.4 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
  6.6.5 NISSIN ELECTRIC Recent Developments
6.7 Guilin Power Capacitor
  6.7.1 Guilin Power Capacitor Comapny Information
  6.7.2 Guilin Power Capacitor Business Overview
  6.7.3 Guilin Power Capacitor Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.7.4 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
  6.7.5 Guilin Power Capacitor Recent Developments
6.8 Hubbell
  6.8.1 Hubbell Comapny Information
  6.8.2 Hubbell Business Overview
  6.8.3 Hubbell Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.8.4 Hubbell Power Factor Correction Devices Product Portfolio
  6.8.5 Hubbell Recent Developments
6.9 Xian XD Power
  6.9.1 Xian XD Power Comapny Information
  6.9.2 Xian XD Power Business Overview
  6.9.3 Xian XD Power Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.9.4 Xian XD Power Power Factor Correction Devices Product Portfolio
  6.9.5 Xian XD Power Recent Developments
6.10 Herong Electric
  6.10.1 Herong Electric Comapny Information
  6.10.2 Herong Electric Business Overview
  6.10.3 Herong Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.10.4 Herong Electric Power Factor Correction Devices Product Portfolio
  6.10.5 Herong Electric Recent Developments
6.11 Shizuki Electric
  6.11.1 Shizuki Electric Comapny Information
  6.11.2 Shizuki Electric Business Overview
  6.11.3 Shizuki Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.11.4 Shizuki Electric Power Factor Correction Devices Product Portfolio
  6.11.5 Shizuki Electric Recent Developments
6.12 Sieyuan Electric
  6.12.1 Sieyuan Electric Comapny Information
  6.12.2 Sieyuan Electric Business Overview
  6.12.3 Sieyuan Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.12.4 Sieyuan Electric Power Factor Correction Devices Product Portfolio
  6.12.5 Sieyuan Electric Recent Developments
6.13 Socomec
  6.13.1 Socomec Comapny Information
  6.13.2 Socomec Business Overview
  6.13.3 Socomec Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.13.4 Socomec Power Factor Correction Devices Product Portfolio
  6.13.5 Socomec Recent Developments
6.14 Rongxin Power Electronic
  6.14.1 Rongxin Power Electronic Comapny Information
  6.14.2 Rongxin Power Electronic Business Overview
  6.14.3 Rongxin Power Electronic Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.14.4 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
  6.14.5 Rongxin Power Electronic Recent Developments
6.15 Ducati Energia
  6.15.1 Ducati Energia Comapny Information
  6.15.2 Ducati Energia Business Overview
  6.15.3 Ducati Energia Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.15.4 Ducati Energia Power Factor Correction Devices Product Portfolio
  6.15.5 Ducati Energia Recent Developments
6.16 Iskra
  6.16.1 Iskra Comapny Information
  6.16.2 Iskra Business Overview
  6.16.3 Iskra Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.16.4 Iskra Power Factor Correction Devices Product Portfolio
  6.16.5 Iskra Recent Developments
6.17 ICAR SpA
  6.17.1 ICAR SpA Comapny Information
  6.17.2 ICAR SpA Business Overview
  6.17.3 ICAR SpA Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.17.4 ICAR SpA Power Factor Correction Devices Product Portfolio
  6.17.5 ICAR SpA Recent Developments
6.18 Hangzhou Yinhu Electric
  6.18.1 Hangzhou Yinhu Electric Comapny Information
  6.18.2 Hangzhou Yinhu Electric Business Overview
  6.18.3 Hangzhou Yinhu Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2019-2024)
  6.18.4 Hangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
  6.18.5 Hangzhou Yinhu Electric Recent Developments

7 NORTH AMERICA

7.1 North America Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America Power Factor Correction Devices Market Size by Country (2019-2024)
7.3 North America Power Factor Correction Devices Market Size Forecast by Country (2025-2030)

8 EUROPE

8.1 Europe Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe Power Factor Correction Devices Market Size by Country (2019-2024)
8.3 Europe Power Factor Correction Devices Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC

9.1 Asia-Pacific Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific Power Factor Correction Devices Market Size by Country (2019-2024)
9.3 Asia-Pacific Power Factor Correction Devices Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA

10.1 Latin America Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America Power Factor Correction Devices Market Size by Country (2019-2024)
10.3 Latin America Power Factor Correction Devices Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa Power Factor Correction Devices Market Size by Country (2019-2024)
11.3 Middle East & Africa Power Factor Correction Devices Market Size Forecast by Country (2025-2030)

12 CONCLUDING INSIGHTS

13 APPENDIX

13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
  13.5.1 Secondary Sources
  13.5.2 Primary Sources


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