Global Power Factor Correction Devices Market Analysis and Forecast 2024-2030

Global Power Factor Correction Devices Market Analysis and Forecast 2024-2030


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.

According to APO Research, The global Power Factor Correction Devices market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

Global Power Factor Correction Devices main players are ABB, Schneider, Siemens, Eaton, etc. Global top four manufacturers hold a share nearly 40%. Asia-Pacific is the largest market, with a share above 50%.

Report Includes

This report presents an overview of global market for Power Factor Correction Devices, market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Power Factor Correction Devices, also provides the revenue of main regions and countries. Of the upcoming market potential for Power Factor Correction Devices, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Power Factor Correction Devices revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Power Factor Correction Devices market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Power Factor Correction Devices revenue, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Guilin Power Capacitor, Hubbell and Xian XD Power, etc.

Power Factor Correction Devices segment by Company

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

Power Factor Correction Devices segment by Type

Power Capacitor
AC Reactor
Active Power Filter
Others

Power Factor Correction Devices segment by Application

Commercial Utility
Industrial Utility
Public Power Supply

Power Factor Correction Devices segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global status and future forecast, involving growth rate (CAGR), market share, historical and forecast.
2. To present the key players, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Factor Correction Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Power Factor Correction Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in market size), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Factor Correction Devices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Revenue of Power Factor Correction Devices in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 4: Detailed analysis of Power Factor Correction Devices company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Power Factor Correction Devices revenue, gross margin, and recent development, etc.
Chapter 8: North America (US & Canada) by type, by application and by country, revenue for each segment.
Chapter 9: Europe by type, by application and by country, revenue for each segment.
Chapter 10: China type, by application, revenue for each segment.
Chapter 11: Asia (excluding China) type, by application and by region, revenue for each segment.
Chapter 12: Middle East, Africa, and Latin America type, by application and by country, revenue for each segment.
Chapter 13: The main concluding insights of the report.
Chapter 13: The main concluding insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Power Factor Correction Devices Market by Type
1.2.1 Global Power Factor Correction Devices Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Power Capacitor
1.2.3 AC Reactor
1.2.4 Active Power Filter
1.2.5 Others
1.3 Power Factor Correction Devices Market by Application
1.3.1 Global Power Factor Correction Devices Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Commercial Utility
1.3.3 Industrial Utility
1.3.4 Public Power Supply
1.4 Assumptions and Limitations
1.5 Study Goals and Objectives
2 Power Factor Correction Devices Market Dynamics
2.1 Power Factor Correction Devices Industry Trends
2.2 Power Factor Correction Devices Industry Drivers
2.3 Power Factor Correction Devices Industry Opportunities and Challenges
2.4 Power Factor Correction Devices Industry Restraints
3 Global Growth Perspective
3.1 Global Power Factor Correction Devices Market Perspective (2019-2030)
3.2 Global Power Factor Correction Devices Growth Trends by Region
3.2.1 Global Power Factor Correction Devices Market Size by Region: 2019 VS 2023 VS 2030
3.2.2 Global Power Factor Correction Devices Market Size by Region (2019-2024)
3.2.3 Global Power Factor Correction Devices Market Size by Region (2025-2030)
4 Competitive Landscape by Players
4.1 Global Power Factor Correction Devices Revenue by Players
4.1.1 Global Power Factor Correction Devices Revenue by Players (2019-2024)
4.1.2 Global Power Factor Correction Devices Revenue Market Share by Players (2019-2024)
4.1.3 Global Power Factor Correction Devices Players Revenue Share Top 10 and Top 5 in 2023
4.2 Global Power Factor Correction Devices Key Players Ranking, 2022 VS 2023 VS 2024
4.3 Global Power Factor Correction Devices Key Players Headquarters & Area Served
4.4 Global Power Factor Correction Devices Players, Product Type & Application
4.5 Global Power Factor Correction Devices Players Commercialization Time
4.6 Market Competitive Analysis
4.6.1 Global Power Factor Correction Devices Market CR5 and HHI
4.6.2 Global Top 5 and 10 Power Factor Correction Devices Players Market Share by Revenue in 2023
4.6.3 2023 Power Factor Correction Devices Tier 1, Tier 2, and Tier 3
5 Power Factor Correction Devices Market Size by Type
5.1 Global Power Factor Correction Devices Revenue by Type (2019 VS 2023 VS 2030)
5.2 Global Power Factor Correction Devices Revenue by Type (2019-2030)
5.3 Global Power Factor Correction Devices Revenue Market Share by Type (2019-2030)
6 Power Factor Correction Devices Market Size by Application
6.1 Global Power Factor Correction Devices Revenue by Application (2019 VS 2023 VS 2030)
6.2 Global Power Factor Correction Devices Revenue by Application (2019-2030)
6.3 Global Power Factor Correction Devices Revenue Market Share by Application (2019-2030)
7 Company Profiles
7.1 ABB
7.1.1 ABB Comapny Information
7.1.2 ABB Business Overview
7.1.3 ABB Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.1.4 ABB Power Factor Correction Devices Product Portfolio
7.1.5 ABB Recent Developments
7.2 Schneider
7.2.1 Schneider Comapny Information
7.2.2 Schneider Business Overview
7.2.3 Schneider Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.2.4 Schneider Power Factor Correction Devices Product Portfolio
7.2.5 Schneider Recent Developments
7.3 Siemens
7.3.1 Siemens Comapny Information
7.3.2 Siemens Business Overview
7.3.3 Siemens Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.3.4 Siemens Power Factor Correction Devices Product Portfolio
7.3.5 Siemens Recent Developments
7.4 Eaton
7.4.1 Eaton Comapny Information
7.4.2 Eaton Business Overview
7.4.3 Eaton Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.4.4 Eaton Power Factor Correction Devices Product Portfolio
7.4.5 Eaton Recent Developments
7.5 GE Grid Solutions
7.5.1 GE Grid Solutions Comapny Information
7.5.2 GE Grid Solutions Business Overview
7.5.3 GE Grid Solutions Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.5.4 GE Grid Solutions Power Factor Correction Devices Product Portfolio
7.5.5 GE Grid Solutions Recent Developments
7.6 NISSIN ELECTRIC
7.6.1 NISSIN ELECTRIC Comapny Information
7.6.2 NISSIN ELECTRIC Business Overview
7.6.3 NISSIN ELECTRIC Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.6.4 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
7.6.5 NISSIN ELECTRIC Recent Developments
7.7 Guilin Power Capacitor
7.7.1 Guilin Power Capacitor Comapny Information
7.7.2 Guilin Power Capacitor Business Overview
7.7.3 Guilin Power Capacitor Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.7.4 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
7.7.5 Guilin Power Capacitor Recent Developments
7.8 Hubbell
7.8.1 Hubbell Comapny Information
7.8.2 Hubbell Business Overview
7.8.3 Hubbell Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.8.4 Hubbell Power Factor Correction Devices Product Portfolio
7.8.5 Hubbell Recent Developments
7.9 Xian XD Power
7.9.1 Xian XD Power Comapny Information
7.9.2 Xian XD Power Business Overview
7.9.3 Xian XD Power Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.9.4 Xian XD Power Power Factor Correction Devices Product Portfolio
7.9.5 Xian XD Power Recent Developments
7.10 Herong Electric
7.10.1 Herong Electric Comapny Information
7.10.2 Herong Electric Business Overview
7.10.3 Herong Electric Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.10.4 Herong Electric Power Factor Correction Devices Product Portfolio
7.10.5 Herong Electric Recent Developments
7.11 Shizuki Electric
7.11.1 Shizuki Electric Comapny Information
7.11.2 Shizuki Electric Business Overview
7.11.3 Shizuki Electric Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.11.4 Shizuki Electric Power Factor Correction Devices Product Portfolio
7.11.5 Shizuki Electric Recent Developments
7.12 Sieyuan Electric
7.12.1 Sieyuan Electric Comapny Information
7.12.2 Sieyuan Electric Business Overview
7.12.3 Sieyuan Electric Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.12.4 Sieyuan Electric Power Factor Correction Devices Product Portfolio
7.12.5 Sieyuan Electric Recent Developments
7.13 Socomec
7.13.1 Socomec Comapny Information
7.13.2 Socomec Business Overview
7.13.3 Socomec Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.13.4 Socomec Power Factor Correction Devices Product Portfolio
7.13.5 Socomec Recent Developments
7.14 Rongxin Power Electronic
7.14.1 Rongxin Power Electronic Comapny Information
7.14.2 Rongxin Power Electronic Business Overview
7.14.3 Rongxin Power Electronic Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.14.4 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
7.14.5 Rongxin Power Electronic Recent Developments
7.15 Ducati Energia
7.15.1 Ducati Energia Comapny Information
7.15.2 Ducati Energia Business Overview
7.15.3 Ducati Energia Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.15.4 Ducati Energia Power Factor Correction Devices Product Portfolio
7.15.5 Ducati Energia Recent Developments
7.16 Iskra
7.16.1 Iskra Comapny Information
7.16.2 Iskra Business Overview
7.16.3 Iskra Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.16.4 Iskra Power Factor Correction Devices Product Portfolio
7.16.5 Iskra Recent Developments
7.17 ICAR SpA
7.17.1 ICAR SpA Comapny Information
7.17.2 ICAR SpA Business Overview
7.17.3 ICAR SpA Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.17.4 ICAR SpA Power Factor Correction Devices Product Portfolio
7.17.5 ICAR SpA Recent Developments
7.18 Hangzhou Yinhu Electric
7.18.1 Hangzhou Yinhu Electric Comapny Information
7.18.2 Hangzhou Yinhu Electric Business Overview
7.18.3 Hangzhou Yinhu Electric Power Factor Correction Devices Revenue and Gross Margin (2019-2024)
7.18.4 Hangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
7.18.5 Hangzhou Yinhu Electric Recent Developments
8 North America
8.1 North America Power Factor Correction Devices Revenue (2019-2030)
8.2 North America Power Factor Correction Devices Revenue by Type (2019-2030)
8.2.1 North America Power Factor Correction Devices Revenue by Type (2019-2024)
8.2.2 North America Power Factor Correction Devices Revenue by Type (2025-2030)
8.3 North America Power Factor Correction Devices Revenue Share by Type (2019-2030)
8.4 North America Power Factor Correction Devices Revenue by Application (2019-2030)
8.4.1 North America Power Factor Correction Devices Revenue by Application (2019-2024)
8.4.2 North America Power Factor Correction Devices Revenue by Application (2025-2030)
8.5 North America Power Factor Correction Devices Revenue Share by Application (2019-2030)
8.6 North America Power Factor Correction Devices Revenue by Country
8.6.1 North America Power Factor Correction Devices Revenue by Country (2019 VS 2023 VS 2030)
8.6.2 North America Power Factor Correction Devices Revenue by Country (2019-2024)
8.6.3 North America Power Factor Correction Devices Revenue by Country (2025-2030)
8.6.4 U.S.
8.6.5 Canada
9 Europe
9.1 Europe Power Factor Correction Devices Revenue (2019-2030)
9.2 Europe Power Factor Correction Devices Revenue by Type (2019-2030)
9.2.1 Europe Power Factor Correction Devices Revenue by Type (2019-2024)
9.2.2 Europe Power Factor Correction Devices Revenue by Type (2025-2030)
9.3 Europe Power Factor Correction Devices Revenue Share by Type (2019-2030)
9.4 Europe Power Factor Correction Devices Revenue by Application (2019-2030)
9.4.1 Europe Power Factor Correction Devices Revenue by Application (2019-2024)
9.4.2 Europe Power Factor Correction Devices Revenue by Application (2025-2030)
9.5 Europe Power Factor Correction Devices Revenue Share by Application (2019-2030)
9.6 Europe Power Factor Correction Devices Revenue by Country
9.6.1 Europe Power Factor Correction Devices Revenue by Country (2019 VS 2023 VS 2030)
9.6.2 Europe Power Factor Correction Devices Revenue by Country (2019-2024)
9.6.3 Europe Power Factor Correction Devices Revenue by Country (2025-2030)
9.6.4 Germany
9.6.5 France
9.6.6 U.K.
9.6.7 Italy
9.6.8 Russia
10 China
10.1 China Power Factor Correction Devices Revenue (2019-2030)
10.2 China Power Factor Correction Devices Revenue by Type (2019-2030)
10.2.1 China Power Factor Correction Devices Revenue by Type (2019-2024)
10.2.2 China Power Factor Correction Devices Revenue by Type (2025-2030)
10.3 China Power Factor Correction Devices Revenue Share by Type (2019-2030)
10.4 China Power Factor Correction Devices Revenue by Application (2019-2030)
10.4.1 China Power Factor Correction Devices Revenue by Application (2019-2024)
10.4.2 China Power Factor Correction Devices Revenue by Application (2025-2030)
10.5 China Power Factor Correction Devices Revenue Share by Application (2019-2030)
11 Asia (Excluding China)
11.1 Asia Power Factor Correction Devices Revenue (2019-2030)
11.2 Asia Power Factor Correction Devices Revenue by Type (2019-2030)
11.2.1 Asia Power Factor Correction Devices Revenue by Type (2019-2024)
11.2.2 Asia Power Factor Correction Devices Revenue by Type (2025-2030)
11.3 Asia Power Factor Correction Devices Revenue Share by Type (2019-2030)
11.4 Asia Power Factor Correction Devices Revenue by Application (2019-2030)
11.4.1 Asia Power Factor Correction Devices Revenue by Application (2019-2024)
11.4.2 Asia Power Factor Correction Devices Revenue by Application (2025-2030)
11.5 Asia Power Factor Correction Devices Revenue Share by Application (2019-2030)
11.6 Asia Power Factor Correction Devices Revenue by Country
11.6.1 Asia Power Factor Correction Devices Revenue by Country (2019 VS 2023 VS 2030)
11.6.2 Asia Power Factor Correction Devices Revenue by Country (2019-2024)
11.6.3 Asia Power Factor Correction Devices Revenue by Country (2025-2030)
11.6.4 Japan
11.6.5 South Korea
11.6.6 India
11.6.7 Australia
11.6.8 China Taiwan
11.6.9 Southeast Asia
12 Middle East, Africa, Latin America
12.1 MEALA Power Factor Correction Devices Revenue (2019-2030)
12.2 MEALA Power Factor Correction Devices Revenue by Type (2019-2030)
12.2.1 MEALA Power Factor Correction Devices Revenue by Type (2019-2024)
12.2.2 MEALA Power Factor Correction Devices Revenue by Type (2025-2030)
12.3 MEALA Power Factor Correction Devices Revenue Share by Type (2019-2030)
12.4 MEALA Power Factor Correction Devices Revenue by Application (2019-2030)
12.4.1 MEALA Power Factor Correction Devices Revenue by Application (2019-2024)
12.4.2 MEALA Power Factor Correction Devices Revenue by Application (2025-2030)
12.5 MEALA Power Factor Correction Devices Revenue Share by Application (2019-2030)
12.6 MEALA Power Factor Correction Devices Revenue by Country
12.6.1 MEALA Power Factor Correction Devices Revenue by Country (2019 VS 2023 VS 2030)
12.6.2 MEALA Power Factor Correction Devices Revenue by Country (2019-2024)
12.6.3 MEALA Power Factor Correction Devices Revenue by Country (2025-2030)
12.6.4 Mexico
12.6.5 Brazil
12.6.6 Israel
12.6.7 Argentina
12.6.8 Colombia
12.6.9 Turkey
12.6.10 Saudi Arabia
12.6.11 UAE
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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