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Automatic Power Factor Controllers - Global Market Trajectory & Analytics

  • ID: 4804440
  • Report
  • April 2021
  • Region: Global
  • 295 pages
  • Global Industry Analysts, Inc
Global Automatic Power Factor Controllers Market to Reach $5 Billion by 2027

Amid the COVID-19 crisis, the global market for Automatic Power Factor Controllers estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2027, growing at a CAGR of 3.1% over the period 2020-2027. Active APFC, one of the segments analyzed in the report, is projected to record 3.4% CAGR and reach US$3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive APFC segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 5.8% CAGR

The Automatic Power Factor Controllers market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 5.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Select Competitors (Total 58 Featured):
  • ABB Group
  • Crompton Greaves Ltd.
  • Eaton Corporation PLC
  • Fairchild Semiconductor International Inc.
  • General Electric Company
  • Larsen & Toubro Ltd.
  • ON Semiconductor Corporation
  • Schneider Electric SE
  • STMicroelectronics NV
  • Texas Instruments, Inc.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Automatic Power Factor Controller Market: Prelude
  • Impact of Covid-19 and a Looming Global Recession
  • Imperative Need to Prevent Power Losses in Home Utilities and Industries Drive Need for Automatic Power Factor Controllers
  • Increasing Stability and Improving Efficiency: Key Advantages of APFCs
  • APFCs Help in Saving Cost and Increasing Electrical Infrastructure Utilization
  • Sustained Increase in Industrial Investments: An Opportunity for APFC Market
  • Exhibit 1: Industrial Investments Worldwide: Number of Investment Projects and Investment Value (in $ Million) for the Years 2016 and 2017
  • Exhibit 2: Global Industrial Investments: Origin and Destination of Industrial Investments in US$ Million by Region for 2017
  • Power Factor Improvements Aid in the Reduction of Energy Demand Charges
  • Using Microcontroller through Shunt Capacitor for Automatic Power Factor Correction
  • High Significance of Power Factor Control for Utilities
  • With Adoption of IoT Growing, Need for Power Factor Correction Favors Demand for APFCs
  • Exhibit 3: Global IoT Market: Number of Connected Devices Installed in Billions for the Years 2018, 2020, 2022, 2024 and 2026
  • Power Factor Controller
  • Automatic Power Factor Controller

  • Total Companies Profiled: 58
Note: Product cover images may vary from those shown