Power Factor Correction Devices Market

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.

Power Factor Correction Devices Market contains market size and forecasts of Power Factor Correction Devices in Global, including the following market information:

Global Power Factor Correction Devices Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Power Factor Correction Devices market was valued at 6917.9 million in 2021 and is projected to reach US$ 9657.1 million by 2028, at a CAGR of 4.9% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Power Capacitor Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Power Factor Correction Devices include ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Guilin Power Capacitor, Hubbell and Xian XD Power, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Power Factor Correction Devices companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Power Factor Correction Devices Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Power Factor Correction Devices Market Segment Percentages, by Type, 2021 (%)

Power Capacitor

AC Reactor

Active Power Filter

Others

Global Power Factor Correction Devices Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Power Factor Correction Devices Market Segment Percentages, by Application, 2021 (%)

Commercial Utility

Industrial Utility

Public Power Supply

Global Power Factor Correction Devices Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Power Factor Correction Devices Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Power Factor Correction Devices revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Power Factor Correction Devices revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players 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