Global Power Factor Correction Devices Competitive Landscape Professional Research Report 2024
Research Summary
Power factor correction devices are electrical components or systems designed to improve the power factor in electrical systems. The power factor is a measure of how effectively electrical power is being converted into useful work output. A low power factor can result in inefficient energy use and increased energy costs. Power factor correction devices work by adjusting the electrical characteristics of the system, typically by introducing capacitors to offset inductive loads and reduce reactive power. This correction helps to bring the power factor closer to unity (1.0), indicating a more efficient use of electrical power. Power factor correction is particularly relevant in industrial and commercial settings where large motors, transformers, and other inductive loads are common, as it can lead to energy savings, reduced electricity costs, and improved overall electrical system efficiency.
According to DIResearch's in-depth investigation and research, the global Power Factor Correction Devices market size will reach XX US$ Million in 2024, and is expected to reach XX US$ Million in 2030, with a CAGR of XX% (2025-2030). Among them, the China market has changed rapidly in the past few years. The market size in 2024 will be XX US$ Million, accounting for approximately XX% of the world. It is expected to reach XX US$ Million in 2030, and the global share will reach XX%.
The major global manufacturers of Power Factor Correction Devices include ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Xian XD Power, Hubbell, Guilin Power Capacitor, Herong Electric, Shizuki Electric, Sieyuan Electric, Ducati Energia, Rongxin Power Electronic, Socomec, Iskra, ICARHangzhou Yinhu Electric etc. The global players competition landscape in this report is divided into three tiers. The first tiers is the global leading enterprise, which occupies a major market share, is in a leading position in the industry, has strong competitiveness and influence, and has a large revenue scale; the second tiers has a certain share and popularity in the market, actively follows the industry leaders in product, service or technological innovation, and has a medium revenue scale; the third tiers has a smaller share in the market, has a lower brand awareness, mainly focuses on the local market, and has a relatively small revenue scale.
This report studies the market size, price trends and future development prospects of Power Factor Correction Devices. Focus on analysing the market share, product portfolio, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Power Factor Correction Devices market. The report data covers historical data from 2019 to 2023, base year in 2024 and forecast data from 2025 to 2030.
The regions and countries in the report include North America, Europe, China, APAC (excl. China), Latin America and Middle East and Africa, covering the Power Factor Correction Devices market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Power Factor Correction Devices industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Power Factor Correction Devices Include:
ABB
Schneider
Siemens
Eaton
GE Grid Solutions
NISSIN ELECTRIC
Xian XD Power
Hubbell
Guilin Power Capacitor
Herong Electric
Shizuki Electric
Sieyuan Electric
Ducati Energia
Rongxin Power Electronic
Socomec
Iskra
ICARHangzhou Yinhu Electric
Power Factor Correction Devices Product Segment Include:
Power Capacitor
AC Reactor
Active Power Filter
Others
Power Factor Correction Devices Product Application Include:
Commercial Utility
Industrial Utility
Public Power Supply
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trends
Chapter 2: Global Power Factor Correction Devices Industry PESTEL Analysis
Chapter 3: Global Power Factor Correction Devices Industry Porter’s Five Forces Analysis
Chapter 4: Global Power Factor Correction Devices Major Regional Market Size and Forecast Analysis
Chapter 5: Global Power Factor Correction Devices Market Size and Forecast by Type and Application Analysis
Chapter 6: North America Power Factor Correction Devices Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 7: Europe Power Factor Correction Devices Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 8: China Power Factor Correction Devices Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 9: APAC (Excl. China) Power Factor Correction Devices Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 10: Latin America Power Factor Correction Devices Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 11: Middle East and Africa Power Factor Correction Devices Competitive Analysis (Market Size, Key Players and Market Share, Product Type and Application Segment Analysis, Countries Analysis)
Chapter 12: Global Power Factor Correction Devices Competitive Analysis of Key Manufacturers (Revenue, Market Share, Regional Distribution and Industry Concentration)
Chapter 13: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)
Chapter 14: Industrial Chain Analysis, Include Raw Material Suppliers, Distributors and Customers
Chapter 15: Research Findings and Conclusion
Chapter 16: Methodology and Data Sources
- 1 Power Factor Correction Devices Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Power Factor Correction Devices Product by Type
- 1.2.1 Global Power Factor Correction Devices Market Size by Type, 2023 VS 2024 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 Product by Application
- 1.3.1 Global Power Factor Correction Devices Market Size by Application, 2023 VS 2024 VS 2030
- 1.3.2 Commercial Utility
- 1.3.3 Industrial Utility
- 1.3.4 Public Power Supply
- 1.4 Global Power Factor Correction Devices Market Revenue Analysis (2019-2030)
- 1.5 Power Factor Correction Devices Market Development Status and Trends
- 1.5.1 Power Factor Correction Devices Industry Development Status Analysis
- 1.5.2 Power Factor Correction Devices Industry Development Trends Analysis
- 2 Power Factor Correction Devices Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Power Factor Correction Devices Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Power Factor Correction Devices Market Analysis by Regions
- 4.1 Power Factor Correction Devices Overall Market: 2023 VS 2024 VS 2030
- 4.2 Global Power Factor Correction Devices Revenue and Forecast Analysis (2019-2030)
- 4.2.1 Global Power Factor Correction Devices Revenue and Market Share by Region (2019-2024)
- 4.2.2 Global Power Factor Correction Devices Revenue Forecast by Region (2025-2030)
- 5 Global Power Factor Correction Devices Market Size by Type and Application
- 5.1 Global Power Factor Correction Devices Market Size by Type
- 5.2 Global Power Factor Correction Devices Market Size by Application
- 6 North America
- 6.1 North America Power Factor Correction Devices Market Size and Growth Rate Analysis (2019-2030)
- 6.2 North America Key Manufacturers Analysis
- 6.3 North America Power Factor Correction Devices Market Size by Type
- 6.4 North America Power Factor Correction Devices Market Size by Application
- 6.5 North America Power Factor Correction Devices Market Size by Country
- 6.5.1 US
- 6.5.2 Canada
- 7 Europe
- 7.1 Europe Power Factor Correction Devices Market Size and Growth Rate Analysis (2019-2030)
- 7.2 Europe Key Manufacturers Analysis
- 7.3 Europe Power Factor Correction Devices Market Size by Type
- 7.4 Europe Power Factor Correction Devices Market Size by Application
- 7.5 Europe Power Factor Correction Devices Market Size by Country
- 7.5.1 Germany
- 7.5.2 France
- 7.5.3 United Kingdom
- 7.5.4 Italy
- 7.5.5 Spain
- 7.5.6 Benelux
- 8 China
- 8.1 China Power Factor Correction Devices Market Size and Growth Rate Analysis (2019-2030)
- 8.2 China Key Manufacturers Analysis
- 8.3 China Power Factor Correction Devices Market Size by Type
- 8.4 China Power Factor Correction Devices Market Size by Application
- 9 APAC (excl. China)
- 9.1 APAC (excl. China) Power Factor Correction Devices Market Size and Growth Rate Analysis (2019-2030)
- 9.2 APAC (excl. China) Key Manufacturers Analysis
- 9.3 APAC (excl. China) Power Factor Correction Devices Market Size by Type
- 9.4 APAC (excl. China) Power Factor Correction Devices Market Size by Application
- 9.5 APAC (excl. China) Power Factor Correction Devices Market Size by Country
- 9.5.1 Japan
- 9.5.2 South Korea
- 9.5.3 India
- 9.5.4 Australia
- 9.5.5 Indonesia
- 9.5.6 Vietnam
- 9.5.7 Malaysia
- 9.5.8 Thailand
- 10 Latin America
- 10.1 Latin America Power Factor Correction Devices Market Size and Growth Rate Analysis (2019-2030)
- 10.2 Latin America Key Manufacturers Analysis
- 10.3 Latin America Power Factor Correction Devices Market Size by Type
- 10.4 Latin America Power Factor Correction Devices Market Size by Application
- 10.5 Latin America Power Factor Correction Devices Market Size by Country
- 10.5.1 Mecixo
- 10.5.2 Brazil
- 11 Middle East & Africa
- 11.1 Middle East & Africa Power Factor Correction Devices Market Size and Growth Rate Analysis (2019-2030)
- 11.2 Middle East & Africa Key Manufacturers Analysis
- 11.3 Middle East & Africa Power Factor Correction Devices Market Size by Type
- 11.4 Middle East & Africa Power Factor Correction Devices Market Size by Application
- 11.5 Middle East & Africa Power Factor Correction Devices Market Size by Country
- 11.5.1 Saudi Arabia
- 11.5.2 South Africa
- 12 Market Competition by Manufacturers
- 12.1 Global Power Factor Correction Devices Market Revenue by Key Manufacturers (2020-2024)
- 12.2 Power Factor Correction Devices Competitive Landscape Analysis and Market Dynamic
- 12.2.1 Power Factor Correction Devices Competitive Landscape Analysis
- 12.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 12.2.3 Market Dynamic
- 13 Key Companies Analysis
- 13.1 ABB
- 13.1.1 ABB Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.1.2 ABB Power Factor Correction Devices Product Portfolio
- 13.1.3 ABB Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.2 Schneider
- 13.2.1 Schneider Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.2.2 Schneider Power Factor Correction Devices Product Portfolio
- 13.2.3 Schneider Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.3 Siemens
- 13.3.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.3.2 Siemens Power Factor Correction Devices Product Portfolio
- 13.3.3 Siemens Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.4 Eaton
- 13.4.1 Eaton Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.4.2 Eaton Power Factor Correction Devices Product Portfolio
- 13.4.3 Eaton Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.5 GE Grid Solutions
- 13.5.1 GE Grid Solutions Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.5.2 GE Grid Solutions Power Factor Correction Devices Product Portfolio
- 13.5.3 GE Grid Solutions Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.6 NISSIN ELECTRIC
- 13.6.1 NISSIN ELECTRIC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.6.2 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
- 13.6.3 NISSIN ELECTRIC Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.7 Xian XD Power
- 13.7.1 Xian XD Power Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.7.2 Xian XD Power Power Factor Correction Devices Product Portfolio
- 13.7.3 Xian XD Power Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.8 Hubbell
- 13.8.1 Hubbell Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.8.2 Hubbell Power Factor Correction Devices Product Portfolio
- 13.8.3 Hubbell Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.9 Guilin Power Capacitor
- 13.9.1 Guilin Power Capacitor Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.9.2 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
- 13.9.3 Guilin Power Capacitor Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.10 Herong Electric
- 13.10.1 Herong Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.10.2 Herong Electric Power Factor Correction Devices Product Portfolio
- 13.10.3 Herong Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.11 Shizuki Electric
- 13.11.1 Shizuki Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.11.2 Shizuki Electric Power Factor Correction Devices Product Portfolio
- 13.11.3 Shizuki Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.12 Sieyuan Electric
- 13.12.1 Sieyuan Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.12.2 Sieyuan Electric Power Factor Correction Devices Product Portfolio
- 13.12.3 Sieyuan Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.13 Ducati Energia
- 13.13.1 Ducati Energia Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.13.2 Ducati Energia Power Factor Correction Devices Product Portfolio
- 13.13.3 Ducati Energia Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.14 Rongxin Power Electronic
- 13.14.1 Rongxin Power Electronic Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.14.2 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
- 13.14.3 Rongxin Power Electronic Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.15 Socomec
- 13.15.1 Socomec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.15.2 Socomec Power Factor Correction Devices Product Portfolio
- 13.15.3 Socomec Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.16 Iskra
- 13.16.1 Iskra Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.16.2 Iskra Power Factor Correction Devices Product Portfolio
- 13.16.3 Iskra Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 13.17 ICARHangzhou Yinhu Electric
- 13.17.1 ICARHangzhou Yinhu Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 13.17.2 ICARHangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
- 13.17.3 ICARHangzhou Yinhu Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2020-2024)
- 14 Industry Chain Analysis
- 14.1 Power Factor Correction Devices Industry Chain Analysis
- 14.2 Power Factor Correction Devices Industry Raw Material and Suppliers Analysis
- 14.2.1 Upstream Key Raw Material Supply Analysis
- 14.2.2 Raw Material Suppliers and Contact Information
- 14.3 Power Factor Correction Devices Typical Downstream Customers
- 14.4 Power Factor Correction Devices Sales Channel Analysis
- 15 Research Findings and Conclusion
- 16 Methodology and Data Source
- 16.1 Methodology/Research Approach
- 16.2 Research Scope
- 16.3 Benchmarks and Assumptions
- 16.4 Date Source
- 16.4.1 Primary Sources
- 16.4.2 Secondary Sources
- 16.5 Data Cross Validation
- 16.6 Disclaimer
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook