Industry: Machinery & Equipment
Published Date: 2024-11-19
Pages: 164 Pages
Report ld: 3381778
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Power Factor Correction Devices Market Size(US$)

CAGR 2024-2030
5.1%
Market Size,2030
USD 10,000
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Power Factor Correction Devices was estimated to be worth US$ 7095 million in 2023 and is forecast to a readjusted size of US$ 10000 million by 2030 with a CAGR of 5.1% during the forecast period 2024-2030.
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.
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%.
With the global emphasis on energy conservation, emission reduction and sustainable development, governments of various countries have introduced strict energy efficiency standards and energy-saving policies. These policies have driven the demand for high-efficiency equipment. Many countries and regions have implemented mandatory energy efficiency standards, such as the EU's ErP directive and the US's ENERGY STAR certification. These regulations require that electrical equipment must meet a certain power factor, otherwise they will face fines or sales bans. In developed countries, the existing old power systems need to be gradually replaced with more efficient and reliable PFC devices to meet new energy efficiency standards and user needs. As investment in power infrastructure continues to increase in developing countries and regions, the demand for PFC devices has also increased. Especially in Asia, Africa and Latin America, power system upgrades and expansions provide huge market opportunities for PFC devices.
The Power Factor Correction Devices market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides 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 2: Detailed analysis of Power Factor Correction Devices company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Power Factor Correction Devices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Power Factor Correction Devices in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
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TABLE OF CONTENTS
1 Market Overview
1.1 Power Factor Correction Devices Product Introduction
1.2 Global Power Factor Correction Devices Market Size Forecast (2019-2030)
1.3 Power Factor Correction Devices Market Trends & Drivers
1.3.1 Power Factor Correction Devices Industry Trends
1.3.2 Power Factor Correction Devices Market Drivers & Opportunity
1.3.3 Power Factor Correction Devices Market Challenges
1.3.4 Power Factor Correction Devices Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Power Factor Correction Devices Players Revenue Ranking (2023)
2.2 Global Power Factor Correction Devices Revenue by Company (2019-2024)
2.3 Key Companies Power Factor Correction Devices Manufacturing Base Distribution and Headquarters
2.4 Key Companies Power Factor Correction Devices Product Offered
2.5 Key Companies Time to Begin Mass Production of Power Factor Correction Devices
2.6 Power Factor Correction Devices Market Competitive Analysis
2.6.1 Power Factor Correction Devices Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Power Factor Correction Devices Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Power Factor Correction Devices as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Power Capacitor
3.1.2 AC Reactor
3.1.3 Active Power Filter
3.1.4 Others
3.2 Global Power Factor Correction Devices Sales Value by Type
3.2.1 Global Power Factor Correction Devices Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Power Factor Correction Devices Sales Value, by Type (2019-2030)
3.2.3 Global Power Factor Correction Devices Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Commercial Utility
4.1.2 Industrial Utility
4.1.3 Public Power Supply
4.2 Global Power Factor Correction Devices Sales Value by Application
4.2.1 Global Power Factor Correction Devices Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Power Factor Correction Devices Sales Value, by Application (2019-2030)
4.2.3 Global Power Factor Correction Devices Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Power Factor Correction Devices Sales Value by Region
5.1.1 Global Power Factor Correction Devices Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Power Factor Correction Devices Sales Value by Region (2019-2024)
5.1.3 Global Power Factor Correction Devices Sales Value by Region (2025-2030)
5.1.4 Global Power Factor Correction Devices Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Power Factor Correction Devices Sales Value, 2019-2030
5.2.2 North America Power Factor Correction Devices Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Power Factor Correction Devices Sales Value, 2019-2030
5.3.2 Europe Power Factor Correction Devices Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Power Factor Correction Devices Sales Value, 2019-2030
5.4.2 Asia Pacific Power Factor Correction Devices Sales Value by Region (%), 2023 VS 2030
5.5 South America
5.5.1 South America Power Factor Correction Devices Sales Value, 2019-2030
5.5.2 South America Power Factor Correction Devices Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Power Factor Correction Devices Sales Value, 2019-2030
5.6.2 Middle East & Africa Power Factor Correction Devices Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Power Factor Correction Devices Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Power Factor Correction Devices Sales Value, 2019-2030
6.3 United States
6.3.1 United States Power Factor Correction Devices Sales Value, 2019-2030
6.3.2 United States Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Power Factor Correction Devices Sales Value, 2019-2030
6.4.2 Europe Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Power Factor Correction Devices Sales Value, 2019-2030
6.5.2 China Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.5.3 China Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Power Factor Correction Devices Sales Value, 2019-2030
6.6.2 Japan Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Power Factor Correction Devices Sales Value, 2019-2030
6.7.2 South Korea Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Power Factor Correction Devices Sales Value, 2019-2030
6.8.2 Southeast Asia Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Power Factor Correction Devices Sales Value, 2019-2030
6.9.2 India Power Factor Correction Devices Sales Value by Type (%), 2023 VS 2030
6.9.3 India Power Factor Correction Devices Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 ABB
7.1.1 ABB Profile
7.1.2 ABB Main Business
7.1.3 ABB Power Factor Correction Devices Products, Services and Solutions
7.1.4 ABB Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.1.5 ABB Recent Developments
7.2 Schneider
7.2.1 Schneider Profile
7.2.2 Schneider Main Business
7.2.3 Schneider Power Factor Correction Devices Products, Services and Solutions
7.2.4 Schneider Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.2.5 Schneider Recent Developments
7.3 Siemens
7.3.1 Siemens Profile
7.3.2 Siemens Main Business
7.3.3 Siemens Power Factor Correction Devices Products, Services and Solutions
7.3.4 Siemens Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.3.5 Siemens Recent Developments
7.4 Eaton
7.4.1 Eaton Profile
7.4.2 Eaton Main Business
7.4.3 Eaton Power Factor Correction Devices Products, Services and Solutions
7.4.4 Eaton Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.4.5 Eaton Recent Developments
7.5 GE Grid Solutions
7.5.1 GE Grid Solutions Profile
7.5.2 GE Grid Solutions Main Business
7.5.3 GE Grid Solutions Power Factor Correction Devices Products, Services and Solutions
7.5.4 GE Grid Solutions Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.5.5 GE Grid Solutions Recent Developments
7.6 NISSIN ELECTRIC
7.6.1 NISSIN ELECTRIC Profile
7.6.2 NISSIN ELECTRIC Main Business
7.6.3 NISSIN ELECTRIC Power Factor Correction Devices Products, Services and Solutions
7.6.4 NISSIN ELECTRIC Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.6.5 NISSIN ELECTRIC Recent Developments
7.7 Guilin Power Capacitor
7.7.1 Guilin Power Capacitor Profile
7.7.2 Guilin Power Capacitor Main Business
7.7.3 Guilin Power Capacitor Power Factor Correction Devices Products, Services and Solutions
7.7.4 Guilin Power Capacitor Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.7.5 Guilin Power Capacitor Recent Developments
7.8 Hubbell
7.8.1 Hubbell Profile
7.8.2 Hubbell Main Business
7.8.3 Hubbell Power Factor Correction Devices Products, Services and Solutions
7.8.4 Hubbell Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.8.5 Hubbell Recent Developments
7.9 Xian XD Power
7.9.1 Xian XD Power Profile
7.9.2 Xian XD Power Main Business
7.9.3 Xian XD Power Power Factor Correction Devices Products, Services and Solutions
7.9.4 Xian XD Power Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.9.5 Xian XD Power Recent Developments
7.10 Herong Electric
7.10.1 Herong Electric Profile
7.10.2 Herong Electric Main Business
7.10.3 Herong Electric Power Factor Correction Devices Products, Services and Solutions
7.10.4 Herong Electric Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.10.5 Herong Electric Recent Developments
7.11 Shizuki Electric
7.11.1 Shizuki Electric Profile
7.11.2 Shizuki Electric Main Business
7.11.3 Shizuki Electric Power Factor Correction Devices Products, Services and Solutions
7.11.4 Shizuki Electric Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.11.5 Shizuki Electric Recent Developments
7.12 Sieyuan Electric
7.12.1 Sieyuan Electric Profile
7.12.2 Sieyuan Electric Main Business
7.12.3 Sieyuan Electric Power Factor Correction Devices Products, Services and Solutions
7.12.4 Sieyuan Electric Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.12.5 Sieyuan Electric Recent Developments
7.13 Socomec
7.13.1 Socomec Profile
7.13.2 Socomec Main Business
7.13.3 Socomec Power Factor Correction Devices Products, Services and Solutions
7.13.4 Socomec Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.13.5 Socomec Recent Developments
7.14 Rongxin Power Electronic
7.14.1 Rongxin Power Electronic Profile
7.14.2 Rongxin Power Electronic Main Business
7.14.3 Rongxin Power Electronic Power Factor Correction Devices Products, Services and Solutions
7.14.4 Rongxin Power Electronic Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.14.5 Rongxin Power Electronic Recent Developments
7.15 Ducati Energia
7.15.1 Ducati Energia Profile
7.15.2 Ducati Energia Main Business
7.15.3 Ducati Energia Power Factor Correction Devices Products, Services and Solutions
7.15.4 Ducati Energia Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.15.5 Ducati Energia Recent Developments
7.16 Iskra
7.16.1 Iskra Profile
7.16.2 Iskra Main Business
7.16.3 Iskra Power Factor Correction Devices Products, Services and Solutions
7.16.4 Iskra Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.16.5 Iskra Recent Developments
7.17 ICAR SpA
7.17.1 ICAR SpA Profile
7.17.2 ICAR SpA Main Business
7.17.3 ICAR SpA Power Factor Correction Devices Products, Services and Solutions
7.17.4 ICAR SpA Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.17.5 ICAR SpA Recent Developments
7.18 FRAKO
7.18.1 FRAKO Profile
7.18.2 FRAKO Main Business
7.18.3 FRAKO Power Factor Correction Devices Products, Services and Solutions
7.18.4 FRAKO Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.18.5 FRAKO Recent Developments
7.19 AF Switchgear
7.19.1 AF Switchgear Profile
7.19.2 AF Switchgear Main Business
7.19.3 AF Switchgear Power Factor Correction Devices Products, Services and Solutions
7.19.4 AF Switchgear Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.19.5 AF Switchgear Recent Developments
7.20 LOVATO Electric
7.20.1 LOVATO Electric Profile
7.20.2 LOVATO Electric Main Business
7.20.3 LOVATO Electric Power Factor Correction Devices Products, Services and Solutions
7.20.4 LOVATO Electric Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.20.5 LOVATO Electric Recent Developments
7.21 WEG
7.21.1 WEG Profile
7.21.2 WEG Main Business
7.21.3 WEG Power Factor Correction Devices Products, Services and Solutions
7.21.4 WEG Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.21.5 WEG Recent Developments
7.22 Johnson & Phillips
7.22.1 Johnson & Phillips Profile
7.22.2 Johnson & Phillips Main Business
7.22.3 Johnson & Phillips Power Factor Correction Devices Products, Services and Solutions
7.22.4 Johnson & Phillips Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.22.5 Johnson & Phillips Recent Developments
7.23 COMAR Condensatori SpA
7.23.1 COMAR Condensatori SpA Profile
7.23.2 COMAR Condensatori SpA Main Business
7.23.3 COMAR Condensatori SpA Power Factor Correction Devices Products, Services and Solutions
7.23.4 COMAR Condensatori SpA Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.23.5 COMAR Condensatori SpA Recent Developments
7.24 Power Capacitors Ltd
7.24.1 Power Capacitors Ltd Profile
7.24.2 Power Capacitors Ltd Main Business
7.24.3 Power Capacitors Ltd Power Factor Correction Devices Products, Services and Solutions
7.24.4 Power Capacitors Ltd Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.24.5 Power Capacitors Ltd Recent Developments
7.25 Ampcontrol
7.25.1 Ampcontrol Profile
7.25.2 Ampcontrol Main Business
7.25.3 Ampcontrol Power Factor Correction Devices Products, Services and Solutions
7.25.4 Ampcontrol Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.25.5 Ampcontrol Recent Developments
7.26 Fuji Electric
7.26.1 Fuji Electric Profile
7.26.2 Fuji Electric Main Business
7.26.3 Fuji Electric Power Factor Correction Devices Products, Services and Solutions
7.26.4 Fuji Electric Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.26.5 Fuji Electric Recent Developments
7.27 Shindengen Electric Manufacturing Co., Ltd.
7.27.1 Shindengen Electric Manufacturing Co., Ltd. Profile
7.27.2 Shindengen Electric Manufacturing Co., Ltd. Main Business
7.27.3 Shindengen Electric Manufacturing Co., Ltd. Power Factor Correction Devices Products, Services and Solutions
7.27.4 Shindengen Electric Manufacturing Co., Ltd. Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.27.5 Shindengen Electric Manufacturing Co., Ltd. Recent Developments
7.28 NICHICON CORPORATION
7.28.1 NICHICON CORPORATION Profile
7.28.2 NICHICON CORPORATION Main Business
7.28.3 NICHICON CORPORATION Power Factor Correction Devices Products, Services and Solutions
7.28.4 NICHICON CORPORATION Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.28.5 NICHICON CORPORATION Recent Developments
7.29 KEMET Electronics
7.29.1 KEMET Electronics Profile
7.29.2 KEMET Electronics Main Business
7.29.3 KEMET Electronics Power Factor Correction Devices Products, Services and Solutions
7.29.4 KEMET Electronics Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.29.5 KEMET Electronics Recent Developments
7.30 Mitsubishi Electric Corporation
7.30.1 Mitsubishi Electric Corporation Profile
7.30.2 Mitsubishi Electric Corporation Main Business
7.30.3 Mitsubishi Electric Corporation Power Factor Correction Devices Products, Services and Solutions
7.30.4 Mitsubishi Electric Corporation Power Factor Correction Devices Revenue (US$ Million) & (2019-2024)
7.30.5 Mitsubishi Electric Corporation Recent Developments
8 Industry Chain Analysis
8.1 Power Factor Correction Devices Industrial Chain
8.2 Power Factor Correction Devices Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Power Factor Correction Devices Sales Model
8.5.2 Sales Channel
8.5.3 Power Factor Correction Devices Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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