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Power Factor Correction Devices Industry Research Report 2024

April 2024 | 132 pages | ID: P76EED55B026EN
APO Research

US$ 2,950.00

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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 valued at US$ million in 2023 and is anticipated to reach 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, price, and sales 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
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Nordic Countries
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA
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 volume and 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: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. 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 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 6: Detailed analysis of Power Factor Correction Devices companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.

Chapter 13: The main points and conclusions of the report.

Chapter 13: The main points and conclusions of the report.
1 PREFACE

1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
  1.5.1 Secondary Sources
  1.5.2 Primary Sources

2 MARKET OVERVIEW

2.1 Product Definition
2.2 Power Factor Correction Devices by Type
  2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
  2.2.2 Power Capacitor
  2.2.3 AC Reactor
  2.2.4 Active Power Filter
  2.2.5 Others
2.3 Power Factor Correction Devices by Application
  2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
  2.3.2 Commercial Utility
  2.3.3 Industrial Utility
  2.3.4 Public Power Supply
2.4 Assumptions and Limitations

3 POWER FACTOR CORRECTION DEVICES BREAKDOWN DATA BY TYPE

3.1 Global Power Factor Correction Devices Historic Market Size by Type (2019-2024)
3.2 Global Power Factor Correction Devices Forecasted Market Size by Type (2025-2030)

4 POWER FACTOR CORRECTION DEVICES BREAKDOWN DATA BY APPLICATION

4.1 Global Power Factor Correction Devices Historic Market Size by Application (2019-2024)
4.2 Global Power Factor Correction Devices Forecasted Market Size by Application (2019-2024)

5 GLOBAL GROWTH TRENDS

5.1 Global Power Factor Correction Devices Market Perspective (2019-2030)
5.2 Global Power Factor Correction Devices Growth Trends by Region
  5.2.1 Global Power Factor Correction Devices Market Size by Region: 2019 VS 2023 VS 2030
  5.2.2 Power Factor Correction Devices Historic Market Size by Region (2019-2024)
  5.2.3 Power Factor Correction Devices Forecasted Market Size by Region (2025-2030)
5.3 Power Factor Correction Devices Market Dynamics
  5.3.1 Power Factor Correction Devices Industry Trends
  5.3.2 Power Factor Correction Devices Market Drivers
  5.3.3 Power Factor Correction Devices Market Challenges
  5.3.4 Power Factor Correction Devices Market Restraints

6 MARKET COMPETITIVE LANDSCAPE BY PLAYERS

6.1 Global Top Power Factor Correction Devices Players by Revenue
  6.1.1 Global Top Power Factor Correction Devices Players by Revenue (2019-2024)
  6.1.2 Global Power Factor Correction Devices Revenue Market Share by Players (2019-2024)
6.2 Global Power Factor Correction Devices Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Power Factor Correction Devices Head office and Area Served
6.4 Global Power Factor Correction Devices Players, Product Type & Application
6.5 Global Power Factor Correction Devices Players, Date of Enter into This Industry
6.6 Global Power Factor Correction Devices Market CR5 and HHI
6.7 Global Players Mergers & Acquisition

7 NORTH AMERICA

7.1 North America Power Factor Correction Devices Market Size (2019-2030)
7.2 North America Power Factor Correction Devices Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Power Factor Correction Devices Market Size by Country (2019-2024)
7.4 North America Power Factor Correction Devices Market Size by Country (2025-2030)
7.5 United States
7.6 Canada

8 EUROPE

8.1 Europe Power Factor Correction Devices Market Size (2019-2030)
8.2 Europe Power Factor Correction Devices Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Power Factor Correction Devices Market Size by Country (2019-2024)
8.4 Europe Power Factor Correction Devices Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries

9 ASIA-PACIFIC

9.1 Asia-Pacific Power Factor Correction Devices Market Size (2019-2030)
9.2 Asia-Pacific Power Factor Correction Devices Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Power Factor Correction Devices Market Size by Country (2019-2024)
9.4 Asia-Pacific Power Factor Correction Devices Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia

10 LATIN AMERICA

10.1 Latin America Power Factor Correction Devices Market Size (2019-2030)
10.2 Latin America Power Factor Correction Devices Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Power Factor Correction Devices Market Size by Country (2019-2024)
10.4 Latin America Power Factor Correction Devices Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil

11 MIDDLE EAST & AFRICA

11.1 Middle East & Africa Power Factor Correction Devices Market Size (2019-2030)
11.2 Middle East & Africa Power Factor Correction Devices Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Power Factor Correction Devices Market Size by Country (2019-2024)
11.4 Middle East & Africa Power Factor Correction Devices Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE

12 PLAYERS PROFILED

12.1 ABB
  12.1.1 ABB Company Information
  12.1.2 ABB Business Overview
  12.1.3 ABB Revenue in Power Factor Correction Devices Business (2019-2024)
  12.1.4 ABB Power Factor Correction Devices Product Portfolio
  12.1.5 ABB Recent Developments
12.2 Schneider
  12.2.1 Schneider Company Information
  12.2.2 Schneider Business Overview
  12.2.3 Schneider Revenue in Power Factor Correction Devices Business (2019-2024)
  12.2.4 Schneider Power Factor Correction Devices Product Portfolio
  12.2.5 Schneider Recent Developments
12.3 Siemens
  12.3.1 Siemens Company Information
  12.3.2 Siemens Business Overview
  12.3.3 Siemens Revenue in Power Factor Correction Devices Business (2019-2024)
  12.3.4 Siemens Power Factor Correction Devices Product Portfolio
  12.3.5 Siemens Recent Developments
12.4 Eaton
  12.4.1 Eaton Company Information
  12.4.2 Eaton Business Overview
  12.4.3 Eaton Revenue in Power Factor Correction Devices Business (2019-2024)
  12.4.4 Eaton Power Factor Correction Devices Product Portfolio
  12.4.5 Eaton Recent Developments
12.5 GE Grid Solutions
  12.5.1 GE Grid Solutions Company Information
  12.5.2 GE Grid Solutions Business Overview
  12.5.3 GE Grid Solutions Revenue in Power Factor Correction Devices Business (2019-2024)
  12.5.4 GE Grid Solutions Power Factor Correction Devices Product Portfolio
  12.5.5 GE Grid Solutions Recent Developments
12.6 NISSIN ELECTRIC
  12.6.1 NISSIN ELECTRIC Company Information
  12.6.2 NISSIN ELECTRIC Business Overview
  12.6.3 NISSIN ELECTRIC Revenue in Power Factor Correction Devices Business (2019-2024)
  12.6.4 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
  12.6.5 NISSIN ELECTRIC Recent Developments
12.7 Guilin Power Capacitor
  12.7.1 Guilin Power Capacitor Company Information
  12.7.2 Guilin Power Capacitor Business Overview
  12.7.3 Guilin Power Capacitor Revenue in Power Factor Correction Devices Business (2019-2024)
  12.7.4 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
  12.7.5 Guilin Power Capacitor Recent Developments
12.8 Hubbell
  12.8.1 Hubbell Company Information
  12.8.2 Hubbell Business Overview
  12.8.3 Hubbell Revenue in Power Factor Correction Devices Business (2019-2024)
  12.8.4 Hubbell Power Factor Correction Devices Product Portfolio
  12.8.5 Hubbell Recent Developments
12.9 Xian XD Power
  12.9.1 Xian XD Power Company Information
  12.9.2 Xian XD Power Business Overview
  12.9.3 Xian XD Power Revenue in Power Factor Correction Devices Business (2019-2024)
  12.9.4 Xian XD Power Power Factor Correction Devices Product Portfolio
  12.9.5 Xian XD Power Recent Developments
12.10 Herong Electric
  12.10.1 Herong Electric Company Information
  12.10.2 Herong Electric Business Overview
  12.10.3 Herong Electric Revenue in Power Factor Correction Devices Business (2019-2024)
  12.10.4 Herong Electric Power Factor Correction Devices Product Portfolio
  12.10.5 Herong Electric Recent Developments
12.11 Shizuki Electric
  12.11.1 Shizuki Electric Company Information
  12.11.2 Shizuki Electric Business Overview
  12.11.3 Shizuki Electric Revenue in Power Factor Correction Devices Business (2019-2024)
  12.11.4 Shizuki Electric Power Factor Correction Devices Product Portfolio
  12.11.5 Shizuki Electric Recent Developments
12.12 Sieyuan Electric
  12.12.1 Sieyuan Electric Company Information
  12.12.2 Sieyuan Electric Business Overview
  12.12.3 Sieyuan Electric Revenue in Power Factor Correction Devices Business (2019-2024)
  12.12.4 Sieyuan Electric Power Factor Correction Devices Product Portfolio
  12.12.5 Sieyuan Electric Recent Developments
12.13 Socomec
  12.13.1 Socomec Company Information
  12.13.2 Socomec Business Overview
  12.13.3 Socomec Revenue in Power Factor Correction Devices Business (2019-2024)
  12.13.4 Socomec Power Factor Correction Devices Product Portfolio
  12.13.5 Socomec Recent Developments
12.14 Rongxin Power Electronic
  12.14.1 Rongxin Power Electronic Company Information
  12.14.2 Rongxin Power Electronic Business Overview
  12.14.3 Rongxin Power Electronic Revenue in Power Factor Correction Devices Business (2019-2024)
  12.14.4 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
  12.14.5 Rongxin Power Electronic Recent Developments
12.15 Ducati Energia
  12.15.1 Ducati Energia Company Information
  12.15.2 Ducati Energia Business Overview
  12.15.3 Ducati Energia Revenue in Power Factor Correction Devices Business (2019-2024)
  12.15.4 Ducati Energia Power Factor Correction Devices Product Portfolio
  12.15.5 Ducati Energia Recent Developments
12.16 Iskra
  12.16.1 Iskra Company Information
  12.16.2 Iskra Business Overview
  12.16.3 Iskra Revenue in Power Factor Correction Devices Business (2019-2024)
  12.16.4 Iskra Power Factor Correction Devices Product Portfolio
  12.16.5 Iskra Recent Developments
12.17 ICAR SpA
  12.17.1 ICAR SpA Company Information
  12.17.2 ICAR SpA Business Overview
  12.17.3 ICAR SpA Revenue in Power Factor Correction Devices Business (2019-2024)
  12.17.4 ICAR SpA Power Factor Correction Devices Product Portfolio
  12.17.5 ICAR SpA Recent Developments
12.18 Hangzhou Yinhu Electric
  12.18.1 Hangzhou Yinhu Electric Company Information
  12.18.2 Hangzhou Yinhu Electric Business Overview
  12.18.3 Hangzhou Yinhu Electric Revenue in Power Factor Correction Devices Business (2019-2024)
  12.18.4 Hangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
  12.18.5 Hangzhou Yinhu Electric Recent Developments

13 REPORT CONCLUSION

14 DISCLAIMER



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