The Global AC Power Factor Transducers Market size is projected to reach USD X.XX billion by 2028, at a CAGR of 9.5% during the forecast period 2021-2028. The growth in this market can be attributed to factors such as increasing demand for high-efficiency power supplies and the growing need for reliable energy sources across various industries.
AC power factor transducers measure the AC impedance of a load and provide an output that is proportional to its real or apparent power. They have applications in many industries, including industrial manufacturing, automotive, commercial facilities management, and electrical utilities. The features of AC Power Factor Transducers are - high accuracy, low power consumption, easy calibration with built-in calibration test points. Integrated electronics and sensors that are resistant to high voltage transients and electromagnetic interference measures power factor, phase angle, active and reactive power, current, and voltage while fitting in standard electrical panel cutouts.
On the basis of Type, the global AC power factor transducers market is segmented into Single Phase, Dual Phase, and Multiple Phase.
The single-phase AC power factor transducer is useful for measuring feeder currents and load currents as well as making accurate measurements on shore-power systems and generators. This type of sensor requires only one current transformer (CT) to make a current measurement. The single-phase AC power factor transducer is available in two different versions: the standard version and the high-accuracy version. The standard version has an accuracy of ±0.75 percent, while the high-accuracy version has an accuracy of ±0.35 percent.
Dual-phase AC power factor transducers are used to measure the two-phase electric energy with high accuracy. These devices can be utilized for single or multi-phase applications, which offer accurate results. The data acquired by these sensors are used in smart grids and renewable generation systems like solar panels for monitoring purposes. Dual-phase AC power factor transducers can be used in three and five-phase applications. They are also useful for high voltage electrical networks with balanced loads where the current flows through only two conductors simultaneously. This type of design helps resist interference from the cross talk, ground loops, and other types of noise that may compromise accuracy or affect performance.
Multiple Phase AC power factor transducers are used to measure the total harmonic distortion of electricity being consumed by an industrial machine or a home. It can also be used for voltage monitoring and phase angle measurements across multiple electrical phases. This type of power factor transducer is a cost-effective solution for commercial and industrial users who want to measure the harmonic distortion or phase angle on three-phase systems. It can be used in conjunction with other electrical equipment, such as circuit breakers, transformers, and switchgear, to help improve the efficiency of the overall system.
On the basis of Application, the global AC power factor transducers market is segmented into Industrial Use, Commercial Use, and Others.
In industrial use, AC power factor transducers help in the efficient running of machines by supplying them with clean and stabilized power. This helps to improve their performance and also extend their life. Additionally, it ensures that the products manufactured are within specifications and meet quality standards. In commercial establishments such as hotels, hospitals, etc., AC power factor transducers help to reduce electricity consumption and save on costs.
In the commercial sector, AC power factor transducers are used to improve the power factor of a load. This is generally achieved by installing capacitors in parallel with the inductive loads. The installation of capacitors helps to store energy and reduce the current drawn from the supply, which in turn improves the power factor. Additionally, these devices can also be used to improve the voltage regulation of a load. This is achieved by installing capacitors in series with the inductive loads, which increases the current drawn from the supply. Both these techniques help increase energy efficiency without changing or modifying existing equipment.
On the basis of Region, the global AC power factor transducers market is segmented into North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia Pacific (China India Japan & South Korea), Latin America (Brazil) and the Middle East and Africa (GCC, South Africa and Rest of the Middle East & Africa). There are several factors that contribute to the growth of the market in North America. An increase in demand for energy-efficient devices is a major factor driving the AC power factor transducers market. The rising adoption of smart homes and buildings along with the increasing penetration rate of IoT, coupled with technological advancements will drive this segment over the forecast period.
AC power factor transducers in the Asia Pacific have attracted a lot of interest from both leading players and new entrants. The high demand for AC power factor measurement equipment due to increasing awareness regarding energy efficiency is anticipated to propel market growth in the coming years. Further, the high demand for AC power factor measurement equipment in the region is expected to drive market growth over the forecast period. The Latin American AC Power Factor Transducers Market is expected to grow at the highest CAGR during the forecast period.
The global AC power factor transducer market is driven by a number of factors. Some of these key drivers include: growing demand from industrial and commercial usage, increasing need to monitor energy consumption in commercial buildings and factories, etc., rising penetration of renewable sources such as solar and wind power, and rising concerns about the environment. Additionally, technological advancements in the field of AC power factor transducers are also aiding the market growth.
Up Market Research published a new report titled “AC Power Factor Transducers Market research report which is segmented by Types (Single Phase, Dual Phase, Multiple Phase), By Applications (Industrial Use, Commercial Use, Others), By Players/Companies CR Magnetics, Meco Instruments, Pentagon Instruments, Eltime Controls, NK Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | AC Power Factor Transducers Market Research Report |
By Type | Single Phase, Dual Phase, Multiple Phase |
By Application | Industrial Use, Commercial Use, Others |
By Companies | CR Magnetics, Meco Instruments, Pentagon Instruments, Eltime Controls, NK Technologies |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 242 |
Number of Tables & Figures | 170 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Single Phase, Dual Phase, Multiple Phase and By Application Industrial Use, Commercial Use, Others.
Some of the companies that are profiled in this report are:
AC Power Factor Transducers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the AC Power Factor Transducers 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 2028.
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