The ratio between apparent load power and actual load power is denoted by the Power Factor. It helps in knowing the effectiveness with which the current gets converted to the output and also about the efficiency that can be achieved with certain amount of the power supply given to a device.
The market for Global Automatic Power Factor Controller (APFC) was 3.65 Billion USD in 2016 and is estimated to reach 4.78 Billion USD by the year 2022 growing at a CAGR of 4.6% during the forecasted period
Growth by Region:
The main utility of APFC is found in those economies which are experiencing high growth in terms of urbanization. Emerging economies of Asia Pacific can be counted among them. Japan, South Korea, China and India, to name a few, are the ones which are expected to need this technology in later stages. There is a growing demand for controlling the power factor.
Drivers Vs. Constraints:
The main driver for the APFC markets are the advantages that it entails, such as: reduction in electricity costs, saving power along with managing power factor. It also helps in saving the electrical equipment from getting damaged. APFC industry is thriving due to the growth in demand for power management in various industries like defense, manufacturing, commercial, enterprise etc. Once the APFC is installed in any industry, it reduces the power consumption leading to a substantial decrease in the electricity costs.
The constraints of the power factor market include the short life time they possess and they can perform best within 8-10 years only. Certain APFCs cannot suitably work to compensate in adjusting power load for extreme volatility. A maintenance cost is required for it and the repairing of the older device needs lot of capital expenditure.
Industry Structure and Updates:
The industry is finding its increasing usage in the economy, especially in the developing ones including India, which are trying their best to somehow conserve more and more power.
1. Research Methodology
2. Executive Summary
3. Market Overview
- Industry Value Chain Analysis
- Porter's 5 Forces
- Market Dynamics
4. Global Automatic Power Factor Control Market Segmentation, Forecasts and Trends - By Revenue
5. By Type
6. By Component
7. By Industry
8. By Region
- North America
- Latin America
9. Vendor Market Share Analysis
10. Company Profiles
- Eaton Corporation (Ireland)
- EPCOS AG (Germany)
- Larsen & Turbo (India)
- APFC panels manufacturers are ABB Ltd. (Switzerland)
- General Electric (U.S.)
- Schneider Electric (France)
- ON Semiconductor (U.S.)
- STMicroelectronics (Switzerland)
11. Industry Structure
- Industry M&As, Consolidations
- Investment Opportunities
- Global Automatic Power Factor Control Market - Road Ahead