Stratview Research publishes a new report titled Automatic Power Factor Controller Market which is segmented By Type (Passive, Active), By Component (Relays, Capacitors, Resistors, Displays, Microcontrollers, Switches), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Saudi Arabia, Brazil, and Others]).
Market Insights
The global Automatic Power Factor Controller Market is estimated to grow from USD 4.2 billion in 2020 to USD 5.6 billion by 2026 at a healthy CAGR of 4.8% during the forecast period. The Automatic Power Factor Controller market is mainly driven by adoption of APFCs in various sectors such as military, enterprise, manufacturing, commercial, etc. APFC implemented in these industries reduces power requirement, hence the low level of power consumption reduced electricity costs.
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Key players active in the market –
The following are some of the key players in the AUTOMATIC POWER FACTOR CONTROLLER Market:
- ABB Ltd. (Switzerland)
- General Electric Company (US)
- Eaton Corporation PLC (Ireland)
- Schneider Electric SE (France)
- EPCOS AG (Germany)
- Texas Instruments, Inc. (US)
- Fairchild Semiconductor International, Inc. (US)
Global Automatic Power Factor Controller Market Report Segments:
The Automatic Power Factor Controller Market is segmented into the following categories:
Test Type Trends
Based on test type, the automatic power factor controller market has been divided into passive and active. The active segment accounted for the largest market share in 2020. Surging demand for APFCs by different industries, including manufacturing, commercial, military, utility, etc. is a key driver. Also, the APFC comprises of active components such as diodes and transistors that help the engineers to attain high power factor as 0.99, thereby augmenting the segment growth.
Regional Trends
By region, the Asia-Pacific Automatic Power Factor Controller market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Automatic Power Factor Controller market growth is mainly attributed to increasing development of infrastructures such as power plants, commercial buildings, and others in China and India coupled with rising industrialization & urbanization, further bolsters the regional market growth.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Customization of the report –
At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.
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