Global Power Factor Correction Devices Market Growth (Status and Outlook) 2025-2031

Global Power Factor Correction Devices Market Growth (Status and Outlook) 2025-2031

The global Power Factor Correction Devices market size is predicted to grow from US$ 7260 million in 2025 to US$ 9891 million in 2031; it is expected to grow at a CAGR of 5.3% from 2025 to 2031.

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.

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%.

With the global emphasis on energy conservation, emission reduction and sustainable development, governments of various countries have introduced strict energy efficiency standards and energy-saving policies. These policies have driven the demand for high-efficiency equipment. Many countries and regions have implemented mandatory energy efficiency standards, such as the EU's ErP directive and the US's ENERGY STAR certification. These regulations require that electrical equipment must meet a certain power factor, otherwise they will face fines or sales bans. In developed countries, the existing old power systems need to be gradually replaced with more efficient and reliable PFC devices to meet new energy efficiency standards and user needs. As investment in power infrastructure continues to increase in developing countries and regions, the demand for PFC devices has also increased. Especially in Asia, Africa and Latin America, power system upgrades and expansions provide huge market opportunities for PFC devices.

LPI (LP Information)' newest research report, the “Power Factor Correction Devices Industry Forecast” looks at past sales and reviews total world Power Factor Correction Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Power Factor Correction Devices sales for 2025 through 2031. With Power Factor Correction Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Power Factor Correction Devices industry.

This Insight Report provides a comprehensive analysis of the global Power Factor Correction Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Power Factor Correction Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Power Factor Correction Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Power Factor Correction Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Power Factor Correction Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Power Factor Correction Devices market by product type, application, key players and key regions and countries.

Segmentation by Type:
Power Capacitor
AC Reactor
Active Power Filter
Others

Segmentation by Application:
Commercial Utility
Industrial Utility
Public Power Supply

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
FRAKO
AF Switchgear
LOVATO Electric
WEG
Johnson & Phillips
COMAR Condensatori SpA
Power Capacitors Ltd
Ampcontrol
Fuji Electric
Shindengen Electric Manufacturing Co., Ltd.
NICHICON CORPORATION
KEMET Electronics
Mitsubishi Electric Corporation

Please note: The report will take approximately 2 business days to prepare and deliver.