PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258890
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258890
Automatic Power Factor Controller Market Forecasts to 2028 - Global Analysis By Type, Component, Installation Type, End User and By Geography
According to Stratistics MRC, the Global Automatic Power Factor Controller Market is accounted for $4.78 billion in 2022 and is expected to reach $7.01 billion by 2028 growing at a CAGR of 6.6% during the forecast period. An automatic power factor controller is a device that is programmed to automatically boost the output power when the power factor declines under a certain level. Demand for electric power is rising constantly. Also, need to build a system for automatic improvement in the power factor is increasing, as low power factor puts excessive pressure on power grids and transmission lines. This need can be fulfilled by using automatic power factor controllers. There is also an increasing demand for power management devices in the industries; hence ultimately a need for Automatic Power Factor Controller.
Market Dynamics:
Driver:
Growing demand across end use industries
One of the primary reasons driving the growth of the automatic power factor controller market is the increased demand for automatic power factor controllers across a wide range of end-user industries. The sector has a significant demand for power management equipment, which is expected to drive the global market for automated power factor controllers. Furthermore, the automatic power factor controller is becoming more extensively adopted in industries such as business, manufacturing, commercial, military, and utilities, which may drive the global market's growth throughout the forecast period.
Restraint:
Various hazards in power factor controller
The installation of the power factor controller poses certain additional risks. When connected to the system, automatic power factor controllers produce a parallel resonance circuit between their capacitors and the system's network inductance. Overvoltage tripping of drives and excessive voltage distortion are just a few of the key concerns that might occur from wave components close to the amplification of the parallel resonance. Another typical problem is insulation failure in motors, transformers, and wires. These risks may limit the demand for automatic power factor controllers.
Opportunity:
Investments and product launches
The increasing investments by manufacturers in innovations and improvement are expected to provide profitable chances for the market, which would further accelerate the growth rate of the automatic power factor controller market. Furthermore, the increasing number of product releases and other developments by market participants provide several growth opportunities within the industry. Additionally, factors such as rising industrialization and urbanisation, combined with an increase in infrastructure development investments, will boost overall market expansion during the projection period.
Threat:
High maintenance costs
The high maintenance cost of autonomous power factor controllers is a significant impediment to industry growth. Repairing the old one is not financially advantageous due to its high cost. The cost of creating and manufacturing APFC panels is significant because they require large-capacity capacitors and inductors for low-frequency filtering. Commercial and industrial equipment is expensive and must be purchased once. The global market for automated power factor controllers is being hampered by high maintenance costs.
COVID-19 Impact:
The outbreak of COVID-19 has a significant influence on the market for automatic power factor controllers. Also, consumer demand has decreased as people have grown more concerned with cutting things that are not absolutely required from their budgets as a result of the epidemic's negative effects on the general economic situation of the majority of people. Throughout the forecast period, the aforementioned factors are expected to have an impact on the growth trajectory of the global market for automatic power factor controllers.
The Active PFCAs segment is expected to be the largest during the forecast period
The Active PFCAs segment is estimated to have a lucrative growth. Use of Active Automated Power Factor Controller by various industries such as commercial, manufacturing, military, and utility is one of the factors contributing to the growth of this sector. Furthermore, the Active Automatic Power Factor Controller is made up of active components like as diodes and transistors, which allow engineers to achieve a high power factor of 0.99. As a result of the high precision of power superiority, most industries choose Active Automatic Power Factor Controller.
The utility segment is expected to have the highest CAGR during the forecast period
The utility segment is anticipated to witness the fastest CAGR growth during the forecast period. Decreased power loss in distribution systems, higher reactive power, and the protection of electronic equipment against destruction are all factors that contribute to the sector's growth. Furthermore, the utility industry is dedicated on improve the power factor. Furthermore, the industrial sector has been gaining market share over time, which is expected to drive APFC demand.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. The expansion of the Automatic Power Factor Controller market is primarily related to the increased development of infrastructures such as power plants, commercial buildings, and others in China and India, which, in turn, is bolstered by expanding industrialization and urbanisation. The use of automatic power factor controllers to assist minimise inefficiencies in electric systems and preserve power factor is increasing the demand for power management devices.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. This is the circumstance because of the presence of big players in the area. Increasing infrastructure upgrade of residential and commercial structures, as well as the construction of new power plants, is driving market growth further. Furthermore, it is expected that the expansion of industrial facilities to increase energy efficiency will accelerate the expansion over the forecast period.
Key players in the market:
Some of the key players profiled in the Automatic Power Factor Controller Market include: Emerson Electric Co., Schneider Electric, Navitas Semiconductor Ltd., ABB, Eaton, General Electric, Oracle, AVEVA Group plc, Fujitsu, Techno Power Systems, Robert Bosch GmbH, Texas Instruments Incorporated., SAP SE, ACPD Services Ltd and Semiconductor Components Industries, L.L.C.
Key Developments:
In July 2022, The Schneider Electric PowerLogic PFC (formerly VarSet) low voltage power factor correction solution adds a new component to the EcoStruxure Power architecture by enhancing its best-in-class low voltage capacitor bank with robust IoT-enabled communication capabilities. These new proficiencies provide opportunities for today's power systems and energy management applications.
Types Covered:
- Active APFCs
- Passive APFCs
Components Covered:
- Displays
- Relays
- Microcontrollers
- Capacitors
- Switches
- Resistors
Installation Types Covered:
- Wall-Mounted APFC Panels
- Self-Standing APFC Panels
End Users Covered:
- Commercial
- Military
- Manufacturing
- Utility
- Enterprise
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Automatic Power Factor Controller Market, By Type
- 5.1 Introduction
- 5.2 Active APFCs
- 5.3 Passive APFCs
6 Global Automatic Power Factor Controller Market, By Component
- 6.1 Introduction
- 6.2 Displays
- 6.3 Relays
- 6.4 Microcontrollers
- 6.5 Capacitors
- 6.6 Switches
- 6.7 Resistors
7 Global Automatic Power Factor Controller Market, By Installation Type
- 7.1 Introduction
- 7.2 Wall-Mounted APFC Panels
- 7.3 Self-Standing APFC Panels
8 Global Automatic Power Factor Controller Market, By End User
- 8.1 Introduction
- 8.2 Commercial
- 8.3 Military
- 8.4 Manufacturing
- 8.5 Utility
- 8.6 Enterprise
9 Global Automatic Power Factor Controller Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Emerson Electric Co.
- 11.2 Schneider Electric
- 11.3 Navitas Semiconductor Ltd.
- 11.4 ABB
- 11.5 Eaton
- 11.6 General Electric
- 11.7 Oracle
- 11.8 AVEVA Group plc
- 11.9 Fujitsu
- 11.10 Techno Power Systems
- 11.11 Robert Bosch GmbH
- 11.12 Texas Instruments Incorporated.
- 11.13 SAP SE
- 11.14 ACPD Services Ltd
- 11.15 Semiconductor Components Industries, L.L.C.
List of Tables
- Table 1 Global Automatic Power Factor Controller Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Automatic Power Factor Controller Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Automatic Power Factor Controller Market Outlook, By Active APFCs (2020-2028) ($MN)
- Table 4 Global Automatic Power Factor Controller Market Outlook, By Passive APFCs (2020-2028) ($MN)
- Table 5 Global Automatic Power Factor Controller Market Outlook, By Component (2020-2028) ($MN)
- Table 6 Global Automatic Power Factor Controller Market Outlook, By Displays (2020-2028) ($MN)
- Table 7 Global Automatic Power Factor Controller Market Outlook, By Relays (2020-2028) ($MN)
- Table 8 Global Automatic Power Factor Controller Market Outlook, By Microcontrollers (2020-2028) ($MN)
- Table 9 Global Automatic Power Factor Controller Market Outlook, By Capacitors (2020-2028) ($MN)
- Table 10 Global Automatic Power Factor Controller Market Outlook, By Switches (2020-2028) ($MN)
- Table 11 Global Automatic Power Factor Controller Market Outlook, By Resistors (2020-2028) ($MN)
- Table 12 Global Automatic Power Factor Controller Market Outlook, By Installation Type (2020-2028) ($MN)
- Table 13 Global Automatic Power Factor Controller Market Outlook, By Wall-Mounted APFC Panels (2020-2028) ($MN)
- Table 14 Global Automatic Power Factor Controller Market Outlook, By Self-Standing APFC Panels (2020-2028) ($MN)
- Table 15 Global Automatic Power Factor Controller Market Outlook, By End User (2020-2028) ($MN)
- Table 16 Global Automatic Power Factor Controller Market Outlook, By Commercial (2020-2028) ($MN)
- Table 17 Global Automatic Power Factor Controller Market Outlook, By Military (2020-2028) ($MN)
- Table 18 Global Automatic Power Factor Controller Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 19 Global Automatic Power Factor Controller Market Outlook, By Utility (2020-2028) ($MN)
- Table 20 Global Automatic Power Factor Controller Market Outlook, By Enterprise (2020-2028) ($MN)
- Table 21 North America Automatic Power Factor Controller Market Outlook, By Country (2020-2028) ($MN)
- Table 22 North America Automatic Power Factor Controller Market Outlook, By Type (2020-2028) ($MN)
- Table 23 North America Automatic Power Factor Controller Market Outlook, By Active APFCs (2020-2028) ($MN)
- Table 24 North America Automatic Power Factor Controller Market Outlook, By Passive APFCs (2020-2028) ($MN)
- Table 25 North America Automatic Power Factor Controller Market Outlook, By Component (2020-2028) ($MN)
- Table 26 North America Automatic Power Factor Controller Market Outlook, By Displays (2020-2028) ($MN)
- Table 27 North America Automatic Power Factor Controller Market Outlook, By Relays (2020-2028) ($MN)
- Table 28 North America Automatic Power Factor Controller Market Outlook, By Microcontrollers (2020-2028) ($MN)
- Table 29 North America Automatic Power Factor Controller Market Outlook, By Capacitors (2020-2028) ($MN)
- Table 30 North America Automatic Power Factor Controller Market Outlook, By Switches (2020-2028) ($MN)
- Table 31 North America Automatic Power Factor Controller Market Outlook, By Resistors (2020-2028) ($MN)
- Table 32 North America Automatic Power Factor Controller Market Outlook, By Installation Type (2020-2028) ($MN)
- Table 33 North America Automatic Power Factor Controller Market Outlook, By Wall-Mounted APFC Panels (2020-2028) ($MN)
- Table 34 North America Automatic Power Factor Controller Market Outlook, By Self-Standing APFC Panels (2020-2028) ($MN)
- Table 35 North America Automatic Power Factor Controller Market Outlook, By End User (2020-2028) ($MN)
- Table 36 North America Automatic Power Factor Controller Market Outlook, By Commercial (2020-2028) ($MN)
- Table 37 North America Automatic Power Factor Controller Market Outlook, By Military (2020-2028) ($MN)
- Table 38 North America Automatic Power Factor Controller Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 39 North America Automatic Power Factor Controller Market Outlook, By Utility (2020-2028) ($MN)
- Table 40 North America Automatic Power Factor Controller Market Outlook, By Enterprise (2020-2028) ($MN)
- Table 41 Europe Automatic Power Factor Controller Market Outlook, By Country (2020-2028) ($MN)
- Table 42 Europe Automatic Power Factor Controller Market Outlook, By Type (2020-2028) ($MN)
- Table 43 Europe Automatic Power Factor Controller Market Outlook, By Active APFCs (2020-2028) ($MN)
- Table 44 Europe Automatic Power Factor Controller Market Outlook, By Passive APFCs (2020-2028) ($MN)
- Table 45 Europe Automatic Power Factor Controller Market Outlook, By Component (2020-2028) ($MN)
- Table 46 Europe Automatic Power Factor Controller Market Outlook, By Displays (2020-2028) ($MN)
- Table 47 Europe Automatic Power Factor Controller Market Outlook, By Relays (2020-2028) ($MN)
- Table 48 Europe Automatic Power Factor Controller Market Outlook, By Microcontrollers (2020-2028) ($MN)
- Table 49 Europe Automatic Power Factor Controller Market Outlook, By Capacitors (2020-2028) ($MN)
- Table 50 Europe Automatic Power Factor Controller Market Outlook, By Switches (2020-2028) ($MN)
- Table 51 Europe Automatic Power Factor Controller Market Outlook, By Resistors (2020-2028) ($MN)
- Table 52 Europe Automatic Power Factor Controller Market Outlook, By Installation Type (2020-2028) ($MN)
- Table 53 Europe Automatic Power Factor Controller Market Outlook, By Wall-Mounted APFC Panels (2020-2028) ($MN)
- Table 54 Europe Automatic Power Factor Controller Market Outlook, By Self-Standing APFC Panels (2020-2028) ($MN)
- Table 55 Europe Automatic Power Factor Controller Market Outlook, By End User (2020-2028) ($MN)
- Table 56 Europe Automatic Power Factor Controller Market Outlook, By Commercial (2020-2028) ($MN)
- Table 57 Europe Automatic Power Factor Controller Market Outlook, By Military (2020-2028) ($MN)
- Table 58 Europe Automatic Power Factor Controller Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 59 Europe Automatic Power Factor Controller Market Outlook, By Utility (2020-2028) ($MN)
- Table 60 Europe Automatic Power Factor Controller Market Outlook, By Enterprise (2020-2028) ($MN)
- Table 61 Asia Pacific Automatic Power Factor Controller Market Outlook, By Country (2020-2028) ($MN)
- Table 62 Asia Pacific Automatic Power Factor Controller Market Outlook, By Type (2020-2028) ($MN)
- Table 63 Asia Pacific Automatic Power Factor Controller Market Outlook, By Active APFCs (2020-2028) ($MN)
- Table 64 Asia Pacific Automatic Power Factor Controller Market Outlook, By Passive APFCs (2020-2028) ($MN)
- Table 65 Asia Pacific Automatic Power Factor Controller Market Outlook, By Component (2020-2028) ($MN)
- Table 66 Asia Pacific Automatic Power Factor Controller Market Outlook, By Displays (2020-2028) ($MN)
- Table 67 Asia Pacific Automatic Power Factor Controller Market Outlook, By Relays (2020-2028) ($MN)
- Table 68 Asia Pacific Automatic Power Factor Controller Market Outlook, By Microcontrollers (2020-2028) ($MN)
- Table 69 Asia Pacific Automatic Power Factor Controller Market Outlook, By Capacitors (2020-2028) ($MN)
- Table 70 Asia Pacific Automatic Power Factor Controller Market Outlook, By Switches (2020-2028) ($MN)
- Table 71 Asia Pacific Automatic Power Factor Controller Market Outlook, By Resistors (2020-2028) ($MN)
- Table 72 Asia Pacific Automatic Power Factor Controller Market Outlook, By Installation Type (2020-2028) ($MN)
- Table 73 Asia Pacific Automatic Power Factor Controller Market Outlook, By Wall-Mounted APFC Panels (2020-2028) ($MN)
- Table 74 Asia Pacific Automatic Power Factor Controller Market Outlook, By Self-Standing APFC Panels (2020-2028) ($MN)
- Table 75 Asia Pacific Automatic Power Factor Controller Market Outlook, By End User (2020-2028) ($MN)
- Table 76 Asia Pacific Automatic Power Factor Controller Market Outlook, By Commercial (2020-2028) ($MN)
- Table 77 Asia Pacific Automatic Power Factor Controller Market Outlook, By Military (2020-2028) ($MN)
- Table 78 Asia Pacific Automatic Power Factor Controller Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 79 Asia Pacific Automatic Power Factor Controller Market Outlook, By Utility (2020-2028) ($MN)
- Table 80 Asia Pacific Automatic Power Factor Controller Market Outlook, By Enterprise (2020-2028) ($MN)
- Table 81 South America Automatic Power Factor Controller Market Outlook, By Country (2020-2028) ($MN)
- Table 82 South America Automatic Power Factor Controller Market Outlook, By Type (2020-2028) ($MN)
- Table 83 South America Automatic Power Factor Controller Market Outlook, By Active APFCs (2020-2028) ($MN)
- Table 84 South America Automatic Power Factor Controller Market Outlook, By Passive APFCs (2020-2028) ($MN)
- Table 85 South America Automatic Power Factor Controller Market Outlook, By Component (2020-2028) ($MN)
- Table 86 South America Automatic Power Factor Controller Market Outlook, By Displays (2020-2028) ($MN)
- Table 87 South America Automatic Power Factor Controller Market Outlook, By Relays (2020-2028) ($MN)
- Table 88 South America Automatic Power Factor Controller Market Outlook, By Microcontrollers (2020-2028) ($MN)
- Table 89 South America Automatic Power Factor Controller Market Outlook, By Capacitors (2020-2028) ($MN)
- Table 90 South America Automatic Power Factor Controller Market Outlook, By Switches (2020-2028) ($MN)
- Table 91 South America Automatic Power Factor Controller Market Outlook, By Resistors (2020-2028) ($MN)
- Table 92 South America Automatic Power Factor Controller Market Outlook, By Installation Type (2020-2028) ($MN)
- Table 93 South America Automatic Power Factor Controller Market Outlook, By Wall-Mounted APFC Panels (2020-2028) ($MN)
- Table 94 South America Automatic Power Factor Controller Market Outlook, By Self-Standing APFC Panels (2020-2028) ($MN)
- Table 95 South America Automatic Power Factor Controller Market Outlook, By End User (2020-2028) ($MN)
- Table 96 South America Automatic Power Factor Controller Market Outlook, By Commercial (2020-2028) ($MN)
- Table 97 South America Automatic Power Factor Controller Market Outlook, By Military (2020-2028) ($MN)
- Table 98 South America Automatic Power Factor Controller Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 99 South America Automatic Power Factor Controller Market Outlook, By Utility (2020-2028) ($MN)
- Table 100 South America Automatic Power Factor Controller Market Outlook, By Enterprise (2020-2028) ($MN)
- Table 101 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Country (2020-2028) ($MN)
- Table 102 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Type (2020-2028) ($MN)
- Table 103 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Active APFCs (2020-2028) ($MN)
- Table 104 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Passive APFCs (2020-2028) ($MN)
- Table 105 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Component (2020-2028) ($MN)
- Table 106 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Displays (2020-2028) ($MN)
- Table 107 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Relays (2020-2028) ($MN)
- Table 108 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Microcontrollers (2020-2028) ($MN)
- Table 109 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Capacitors (2020-2028) ($MN)
- Table 110 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Switches (2020-2028) ($MN)
- Table 111 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Resistors (2020-2028) ($MN)
- Table 112 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Installation Type (2020-2028) ($MN)
- Table 113 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Wall-Mounted APFC Panels (2020-2028) ($MN)
- Table 114 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Self-Standing APFC Panels (2020-2028) ($MN)
- Table 115 Middle East & Africa Automatic Power Factor Controller Market Outlook, By End User (2020-2028) ($MN)
- Table 116 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Commercial (2020-2028) ($MN)
- Table 117 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Military (2020-2028) ($MN)
- Table 118 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 119 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Utility (2020-2028) ($MN)
- Table 120 Middle East & Africa Automatic Power Factor Controller Market Outlook, By Enterprise (2020-2028) ($MN)
