The Power Factor Controllers monitor the plant's reactive power and protect it from overloads. The function of Automatic Power Factor Controllers is completely automated and can achieve preferred power factor even under instabile load conditions.
Implementation of Automatic Power Factor Controllers in nearly all industries, including commercial, military, manufacturing and other sectors, is one of the key factors driving the growth of global market for automatic power factor controllers. The market is experiencing a growing demand for power management devices. Therefore, Automatic Power Factor Control is essential. The market's growth is driven by a few key characteristics, including the management of power factor, lower electricity costs, power saving, power inefficiency, and the need to prevent electronic apparatus destruction.
However, there are other factors that can hinder the growth of the global marketplace such as high maintenance costs.
The global market for automatic power factor controllers is classified by type, component, industry, geography, and geographies.
The global market can be divided into passive and active power factor controllers based on type. In 2015, the market for active automatic power factor controllers dominated the market. This market is expected to grow at the fastest rate over the forecast period. This sector's growth is due to numerous industries adopting Active Automatic Power Factor Controller, including manufacturing, utility, and military. The Active Automatic Power Factor Controller is made up of active components such as transistors and diodes that allow engineers to achieve a high power factor of 0.99. Because of its high power superiority, Active Automatic Power Factor Controller is preferred by most industries.
The global market for automatic power factor controllers is divided by component: Relays, Capacitors and Displays, Microcontrollers Switches and Microcontrollers.
The global market can be divided by industry into Manufacturing, Utility and Commercial as well as Enterprise and Military. In 2015, the market was dominated by the Utility Industry. It is expected to continue growing at the fastest rate over the forecast period. This sector's growth can be attributed to three factors: a reduction in power loss in the distribution system, superiority in reactive power and protection of electronic devices from damage. The Utility Industry is also committed to increasing the power factor.
The global market can be divided into four regions based on geography: North America, Europe Asia Pacific, Rest of the World, Asia Pacific and Asia Pacific. In 2016, the largest share of the global market will be held by North America. North America's dominant share can be attributed to the presence of major players in Automatic Power Factor Controller. The fastest growing market is expected to be in the Asia Pacific region. Rising industrialization, increased urbanization, and infrastructure improvements are some of the factors driving rapid growth in the Asia Pacific region. Asia Pacific includes countries like India, South Korea and China.
ABB Ltd., Crompton Graves Ltd., EPCOS AG, Eaton Corporation, Fairchild Semiconductor International, Inc., General Electric Company, Larsen & Toubro Limited, On Semiconductor Corporation, Schneider Electric Sa, STMicroelectronics N.V., Texas Instruments Inc. are some of the major players driving the global market for automatic power factor controllers.
Up Market Research published a new report titled “Automatic Power Factor Controller Market research report which is segmented by Type (Active APFCs And Passive APFCs), By Players/Companies commercial, manufacturing, implementation of Automatic Power Factor Controller in almost all the industries like enterprise, etc There is also an increasing demand for power management devices in the industries; hence ultimately a need for Automatic Power Factor Controller There are a number of essential characteristics that also drive the growth of the market such as management of power factor, power saving, decrease in electricity expenses, military, need for inhibiting electronic apparatus from destruction”. 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 | Automatic Power Factor Controller Market Research Report |
By Type | Active APFCs And Passive APFCs |
By Companies | commercial, manufacturing, implementation of Automatic Power Factor Controller in almost all the industries like enterprise, etc There is also an increasing demand for power management devices in the industries; hence ultimately a need for Automatic Power Factor Controller There are a number of essential characteristics that also drive the growth of the market such as management of power factor, power saving, decrease in electricity expenses, military, need for inhibiting electronic apparatus from destruction |
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 | 200 |
Number of Tables & Figures | 140 |
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 (Active APFCs And Passive APFCs).
Automatic Power Factor Controller 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 Automatic Power Factor Controller 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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