Global Power Factor Correction Devices Market Research Report 2023(Status and Outlook)
Report Overview
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.
The Global Power Factor Correction Devices Market Size was estimated at USD 6723.30 million in 2022 and is projected to reach USD 9523.61 million by 2029, exhibiting a CAGR of 5.10% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Power Factor Correction Devices market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Power Factor Correction Devices Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Power Factor Correction Devices market in any manner.
Global Power Factor Correction Devices Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key 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
Market Segmentation (by Type)
Power Capacitor
AC Reactor
Active Power Filter
Others
Market Segmentation (by Application)
Retail
Online Sale
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
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 Power Factor Correction Devices Market
Overview of the regional outlook of the Power Factor Correction Devices Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Power Factor Correction Devices
- 1.2 Key Market Segments
- 1.2.1 Power Factor Correction Devices Segment by Type
- 1.2.2 Power Factor Correction Devices Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Power Factor Correction Devices Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Power Factor Correction Devices Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global Power Factor Correction Devices Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Power Factor Correction Devices Market Competitive Landscape
- 3.1 Global Power Factor Correction Devices Sales by Manufacturers (2018-2023)
- 3.2 Global Power Factor Correction Devices Revenue Market Share by Manufacturers (2018-2023)
- 3.3 Power Factor Correction Devices Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global Power Factor Correction Devices Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers Power Factor Correction Devices Sales Sites, Area Served, Product Type
- 3.6 Power Factor Correction Devices Market Competitive Situation and Trends
- 3.6.1 Power Factor Correction Devices Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest Power Factor Correction Devices Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 Power Factor Correction Devices Industry Chain Analysis
- 4.1 Power Factor Correction Devices Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Power Factor Correction Devices Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 New Product Developments
- 5.5.2 Mergers & Acquisitions
- 5.5.3 Expansions
- 5.5.4 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 Power Factor Correction Devices Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Power Factor Correction Devices Sales Market Share by Type (2018-2023)
- 6.3 Global Power Factor Correction Devices Market Size Market Share by Type (2018-2023)
- 6.4 Global Power Factor Correction Devices Price by Type (2018-2023)
- 7 Power Factor Correction Devices Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Power Factor Correction Devices Market Sales by Application (2018-2023)
- 7.3 Global Power Factor Correction Devices Market Size (M USD) by Application (2018-2023)
- 7.4 Global Power Factor Correction Devices Sales Growth Rate by Application (2018-2023)
- 8 Power Factor Correction Devices Market Segmentation by Region
- 8.1 Global Power Factor Correction Devices Sales by Region
- 8.1.1 Global Power Factor Correction Devices Sales by Region
- 8.1.2 Global Power Factor Correction Devices Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America Power Factor Correction Devices Sales by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe Power Factor Correction Devices Sales by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Power Factor Correction Devices Sales by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America Power Factor Correction Devices Sales by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa Power Factor Correction Devices Sales by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 ABB
- 9.1.1 ABB Power Factor Correction Devices Basic Information
- 9.1.2 ABB Power Factor Correction Devices Product Overview
- 9.1.3 ABB Power Factor Correction Devices Product Market Performance
- 9.1.4 ABB Business Overview
- 9.1.5 ABB Power Factor Correction Devices SWOT Analysis
- 9.1.6 ABB Recent Developments
- 9.2 Schneider
- 9.2.1 Schneider Power Factor Correction Devices Basic Information
- 9.2.2 Schneider Power Factor Correction Devices Product Overview
- 9.2.3 Schneider Power Factor Correction Devices Product Market Performance
- 9.2.4 Schneider Business Overview
- 9.2.5 Schneider Power Factor Correction Devices SWOT Analysis
- 9.2.6 Schneider Recent Developments
- 9.3 Siemens
- 9.3.1 Siemens Power Factor Correction Devices Basic Information
- 9.3.2 Siemens Power Factor Correction Devices Product Overview
- 9.3.3 Siemens Power Factor Correction Devices Product Market Performance
- 9.3.4 Siemens Business Overview
- 9.3.5 Siemens Power Factor Correction Devices SWOT Analysis
- 9.3.6 Siemens Recent Developments
- 9.4 Eaton
- 9.4.1 Eaton Power Factor Correction Devices Basic Information
- 9.4.2 Eaton Power Factor Correction Devices Product Overview
- 9.4.3 Eaton Power Factor Correction Devices Product Market Performance
- 9.4.4 Eaton Business Overview
- 9.4.5 Eaton Power Factor Correction Devices SWOT Analysis
- 9.4.6 Eaton Recent Developments
- 9.5 GE Grid Solutions
- 9.5.1 GE Grid Solutions Power Factor Correction Devices Basic Information
- 9.5.2 GE Grid Solutions Power Factor Correction Devices Product Overview
- 9.5.3 GE Grid Solutions Power Factor Correction Devices Product Market Performance
- 9.5.4 GE Grid Solutions Business Overview
- 9.5.5 GE Grid Solutions Power Factor Correction Devices SWOT Analysis
- 9.5.6 GE Grid Solutions Recent Developments
- 9.6 NISSIN ELECTRIC
- 9.6.1 NISSIN ELECTRIC Power Factor Correction Devices Basic Information
- 9.6.2 NISSIN ELECTRIC Power Factor Correction Devices Product Overview
- 9.6.3 NISSIN ELECTRIC Power Factor Correction Devices Product Market Performance
- 9.6.4 NISSIN ELECTRIC Business Overview
- 9.6.5 NISSIN ELECTRIC Recent Developments
- 9.7 Guilin Power Capacitor
- 9.7.1 Guilin Power Capacitor Power Factor Correction Devices Basic Information
- 9.7.2 Guilin Power Capacitor Power Factor Correction Devices Product Overview
- 9.7.3 Guilin Power Capacitor Power Factor Correction Devices Product Market Performance
- 9.7.4 Guilin Power Capacitor Business Overview
- 9.7.5 Guilin Power Capacitor Recent Developments
- 9.8 Hubbell
- 9.8.1 Hubbell Power Factor Correction Devices Basic Information
- 9.8.2 Hubbell Power Factor Correction Devices Product Overview
- 9.8.3 Hubbell Power Factor Correction Devices Product Market Performance
- 9.8.4 Hubbell Business Overview
- 9.8.5 Hubbell Recent Developments
- 9.9 Xian XD Power
- 9.9.1 Xian XD Power Power Factor Correction Devices Basic Information
- 9.9.2 Xian XD Power Power Factor Correction Devices Product Overview
- 9.9.3 Xian XD Power Power Factor Correction Devices Product Market Performance
- 9.9.4 Xian XD Power Business Overview
- 9.9.5 Xian XD Power Recent Developments
- 9.10 Herong Electric
- 9.10.1 Herong Electric Power Factor Correction Devices Basic Information
- 9.10.2 Herong Electric Power Factor Correction Devices Product Overview
- 9.10.3 Herong Electric Power Factor Correction Devices Product Market Performance
- 9.10.4 Herong Electric Business Overview
- 9.10.5 Herong Electric Recent Developments
- 9.11 Shizuki Electric
- 9.11.1 Shizuki Electric Power Factor Correction Devices Basic Information
- 9.11.2 Shizuki Electric Power Factor Correction Devices Product Overview
- 9.11.3 Shizuki Electric Power Factor Correction Devices Product Market Performance
- 9.11.4 Shizuki Electric Business Overview
- 9.11.5 Shizuki Electric Recent Developments
- 9.12 Sieyuan Electric
- 9.12.1 Sieyuan Electric Power Factor Correction Devices Basic Information
- 9.12.2 Sieyuan Electric Power Factor Correction Devices Product Overview
- 9.12.3 Sieyuan Electric Power Factor Correction Devices Product Market Performance
- 9.12.4 Sieyuan Electric Business Overview
- 9.12.5 Sieyuan Electric Recent Developments
- 9.13 Socomec
- 9.13.1 Socomec Power Factor Correction Devices Basic Information
- 9.13.2 Socomec Power Factor Correction Devices Product Overview
- 9.13.3 Socomec Power Factor Correction Devices Product Market Performance
- 9.13.4 Socomec Business Overview
- 9.13.5 Socomec Recent Developments
- 9.14 Rongxin Power Electronic
- 9.14.1 Rongxin Power Electronic Power Factor Correction Devices Basic Information
- 9.14.2 Rongxin Power Electronic Power Factor Correction Devices Product Overview
- 9.14.3 Rongxin Power Electronic Power Factor Correction Devices Product Market Performance
- 9.14.4 Rongxin Power Electronic Business Overview
- 9.14.5 Rongxin Power Electronic Recent Developments
- 9.15 Ducati Energia
- 9.15.1 Ducati Energia Power Factor Correction Devices Basic Information
- 9.15.2 Ducati Energia Power Factor Correction Devices Product Overview
- 9.15.3 Ducati Energia Power Factor Correction Devices Product Market Performance
- 9.15.4 Ducati Energia Business Overview
- 9.15.5 Ducati Energia Recent Developments
- 9.16 Iskra
- 9.16.1 Iskra Power Factor Correction Devices Basic Information
- 9.16.2 Iskra Power Factor Correction Devices Product Overview
- 9.16.3 Iskra Power Factor Correction Devices Product Market Performance
- 9.16.4 Iskra Business Overview
- 9.16.5 Iskra Recent Developments
- 9.17 ICAR SpA
- 9.17.1 ICAR SpA Power Factor Correction Devices Basic Information
- 9.17.2 ICAR SpA Power Factor Correction Devices Product Overview
- 9.17.3 ICAR SpA Power Factor Correction Devices Product Market Performance
- 9.17.4 ICAR SpA Business Overview
- 9.17.5 ICAR SpA Recent Developments
- 9.18 Hangzhou Yinhu Electric
- 9.18.1 Hangzhou Yinhu Electric Power Factor Correction Devices Basic Information
- 9.18.2 Hangzhou Yinhu Electric Power Factor Correction Devices Product Overview
- 9.18.3 Hangzhou Yinhu Electric Power Factor Correction Devices Product Market Performance
- 9.18.4 Hangzhou Yinhu Electric Business Overview
- 9.18.5 Hangzhou Yinhu Electric Recent Developments
- 10 Power Factor Correction Devices Market Forecast by Region
- 10.1 Global Power Factor Correction Devices Market Size Forecast
- 10.2 Global Power Factor Correction Devices Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Power Factor Correction Devices Market Size Forecast by Country
- 10.2.3 Asia Pacific Power Factor Correction Devices Market Size Forecast by Region
- 10.2.4 South America Power Factor Correction Devices Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of Power Factor Correction Devices by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global Power Factor Correction Devices Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of Power Factor Correction Devices by Type (2024-2029)
- 11.1.2 Global Power Factor Correction Devices Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of Power Factor Correction Devices by Type (2024-2029)
- 11.2 Global Power Factor Correction Devices Market Forecast by Application (2024-2029)
- 11.2.1 Global Power Factor Correction Devices Sales (K Units) Forecast by Application
- 11.2.2 Global Power Factor Correction Devices Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
Research Assistance
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