Global AC Power Factor Transducers Market by Type (Single Phase, Dual Phase, Multiple Phase), By Application (Industrial Use, Commercial Use, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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.
Single 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:
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:
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.
Industrial Use:
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.
Commercial Use:
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.
Growth Factors For The Global AC Power Factor Transducers Market:
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 Scope
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.
Global AC Power Factor Transducers Market Report Segments:
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:
- CR Magnetics
- Meco Instruments
- Pentagon Instruments
- Eltime Controls
- NK Technologies
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.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the AC Power Factor Transducers Market
Overview of the regional outlook of the AC Power Factor Transducers Market:
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.
Highlights of The AC Power Factor Transducers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of AC Power Factor Transducers Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Single Phase
2. Dual Phase
3. Multiple Phase
7. By Application:1. Industrial Use
2. Commercial Use
3. 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 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.
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
Reasons to Purchase the AC Power Factor Transducers Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Power Factor Transducers 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 AC Power Factor Transducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Power Factor Transducers 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 AC Power Factor Transducers 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 AC Power Factor Transducers Market Size & Forecast, 2018-2028
4.5.1 AC Power Factor Transducers Market Size and Y-o-Y Growth
4.5.2 AC Power Factor Transducers Market Absolute $ Opportunity
Chapter 5 Global AC Power Factor Transducers 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 AC Power Factor Transducers Market Size Forecast by Type
5.2.1 Single Phase
5.2.2 Dual Phase
5.2.3 Multiple Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global AC Power Factor Transducers 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 AC Power Factor Transducers Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Commercial Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Power Factor Transducers 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 AC Power Factor Transducers 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 AC Power Factor Transducers Analysis and Forecast
9.1 Introduction
9.2 North America AC Power Factor Transducers 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 AC Power Factor Transducers Market Size Forecast by Type
9.6.1 Single Phase
9.6.2 Dual Phase
9.6.3 Multiple Phase
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 AC Power Factor Transducers Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Commercial Use
9.10.3 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 AC Power Factor Transducers Analysis and Forecast
10.1 Introduction
10.2 Europe AC Power Factor Transducers 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 AC Power Factor Transducers Market Size Forecast by Type
10.6.1 Single Phase
10.6.2 Dual Phase
10.6.3 Multiple Phase
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 AC Power Factor Transducers Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Commercial Use
10.10.3 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 AC Power Factor Transducers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific AC Power Factor Transducers 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 AC Power Factor Transducers Market Size Forecast by Type
11.6.1 Single Phase
11.6.2 Dual Phase
11.6.3 Multiple Phase
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 AC Power Factor Transducers Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Commercial Use
11.10.3 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 AC Power Factor Transducers Analysis and Forecast
12.1 Introduction
12.2 Latin America AC Power Factor Transducers 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 AC Power Factor Transducers Market Size Forecast by Type
12.6.1 Single Phase
12.6.2 Dual Phase
12.6.3 Multiple Phase
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 AC Power Factor Transducers Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Commercial Use
12.10.3 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) AC Power Factor Transducers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) AC Power Factor Transducers 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) AC Power Factor Transducers Market Size Forecast by Type
13.6.1 Single Phase
13.6.2 Dual Phase
13.6.3 Multiple Phase
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) AC Power Factor Transducers Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Commercial Use
13.10.3 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 AC Power Factor Transducers Market: Competitive Dashboard
14.2 Global AC Power Factor Transducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CR Magnetics
14.3.2 Meco Instruments
14.3.3 Pentagon Instruments
14.3.4 Eltime Controls
14.3.5 NK Technologies