North America Power Factor Correction Market by Reactive Power, Type, Sales Channel, Application, and Region

The North America power factor correction market is projected to reach USD 999.1 million by 2030 from an estimated USD 734.2 million in 2025, at a CAGR of 6.2% during the forecast period (2025-2030). Rising energy costs and stringent regulations are pushing industries like manufacturing, oil & gas, and HVAC to adopt advanced PFC solutions, such as capacitors and automatic control systems, to minimize reactive power, reduce energy losses, and enhance system reliability.

OEM direct is expected to be the fastest-growing segment during the forecast period.

The OEM direct segment is projected to register the highest growth in the North America power factor correction market due to its role in delivering tailored, energy-efficient solutions directly to manufacturers. With rapid industrial growth in sectors like oil & gas, manufacturing, and water treatment, OEMs are increasingly integrating advanced PFC technologies into their equipment to meet energy efficiency standards, reduce operational costs, and improve power quality, thereby driving segment growth.

Automatic segment to be largest type in North America power factor correction market

The automatic segment is anticipated to lead the overall power factor correction market in the North America due to its ability to dynamically adjust power factor in real-time, ensuring optimal energy efficiency across various industries. Automatic systems, such as capacitor banks with intelligent controllers, are widely adopted in sectors like oil & gas, manufacturing, and HVAC, where they minimize reactive power, reduce energy losses, and enhance system reliability, making them a preferred choice for modern power management.

US to register highest CAGR in North America power factor correction market

The US is projected to be the fastest-growing power factor correction market in the North America region driven by rapid industrialization, infrastructure development, and a strong focus on energy efficiency. The increasing demand for power quality in industries such as manufacturing, mining, and water treatment, along with supportive government initiatives promoting energy conservation, is fueling the adoption of advanced power factor correction solutions across the country.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
By Designation: C-Level - 35%, Director Levels - 25%, and Others - 40%
Note 1: Others include sales managers, engineers, and regional managers.- Note 2: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: greater than USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: less than USD 500 million.

Eaton Corporation plc (Ireland), GE Vernova (US), Schneider Electric (France), ABB (Switzerland), and Gentec (Canada) are some of the key players in the North America power factor correction market.

The study includes an in-depth competitive analysis of these key players in the North America power factor correction market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the North America power factor correction market by type (Automatic, Fixed), by sales channel (Distributors, OEM direct), by reactive power (0-200 KVAr, 200-500 KVAr, 500-1,500 KVAr, Above 1500 KVAr), by application (Industrial, Renewable, Commercial, Data Center, and EV Charging), and by region (North America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the North America power factor correction market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies such as contracts, investments, partnerships, collaborations, joint ventures, agreements, new product & service launches, and mergers & acquisitions; and recent developments associated with the North America power factor correction market.

Key Benefits of Buying the Report

Analysis of key drivers (Increasing investments in clear energy projects, Rising deployment of low-voltage PFC systems in industrial facilities), restraints (High initial installation cost of PFC systems), opportunities (Introduction of incentive schemes by governments for adopting energy saving technologies, Growing inclination toward smart grid deployment, Elevating demand for electric vehicles), and challenges (Complexities associated with integrating PFC systems into existing infrastructure) influencing the growth of the power factor correction market.
Product Development/Innovation: With a focus on energy efficiency and regulatory compliance, manufacturers in North America are advancing power factor correction (PFC) technologies. Companies are innovating by developing high-performance capacitors and control systems designed to meet the specific needs of the region’s industrial and commercial sectors. These advancements aim to enhance power quality, reduce energy losses, and integrate seamlessly with modern infrastructure, driving broader adoption in applications like manufacturing and HVAC systems during the forecast period.
Market Diversification: In August 2023, Eaton invested over USD 500 million to increase the manufacturing of electrical solutions and meet the surging demand for these solutions from the North American industries. This substantial investment aims to expedite the energy transition and digitalization in utilities, commercial, healthcare, industrial, and residential sectors.
Market Development: The power factor correction market is driven by increasing emphasis on energy efficiency, regulatory compliance, and sustainable power management. Supportive government policies promoting reduced energy consumption and the rising adoption of PFCs in industrial and commercial applications, such as oil & gas and manufacturing are driving the power factor correction market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Eaton Corporation plc (Ireland), GE Vernova (US), Schneider Electric (France), ABB (Switzerland), and Gentec (Canada), among others, in the North America power factor correction market.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Market Segmentation and Regional Scope
1.3.2 Inclusions and Exclusions
1.3.3 Years Considered
1.4 Limitations
1.5 Units Considered
1.6 Currency Considered
1.7 Stakeholders

2 Research Methodology

2.1 Research Data
2.1.1 Primary and Secondary Research
2.2 Data Triangulation
2.2.1 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.1.2 Key Secondary Sources
2.2.2 Primary Data
2.2.2.1 Major Primary Interview Participants
2.2.2.2 Key Data From Primary Sources
2.2.2.3 Key Industry Insights
2.2.2.4 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.3.3 Demand-Side Analysis
2.3.3.1 Demand-Side Assumptions
2.3.3.2 Demand-Side Calculations
2.3.4 Supply-Side Analysis
2.3.4.1 Supply-Side Assumptions
2.3.4.2 Supply-Side Calculations
2.3.5 Growth Forecast
2.4 Research Assumptions
2.5 Research Limitations
2.6 Risk Analysis

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities for Players in North America Power Factor Correction Market
4.2 North America Power Factor Correction Market, by Sales Channel and Type
4.3 North America Power Factor Correction Market, by Sales Channel
4.4 North America Power Factor Correction Market, by Type
4.5 North America Power Factor Correction Market, by Reactive Power
4.6 North America Power Factor Correction Market, by Application

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investments in Clean Energy Projects
5.2.1.2 Rising Deployment of Low-Voltage Pfc Systems in Industrial Facilities
5.2.2 Restraints
5.2.2.1 High Initial Installation Cost of Pfc Systems
5.2.3 Opportunities
5.2.3.1 Introduction of Incentive Schemes by Governments for Adopting Energy-Saving Technologies
5.2.3.2 Growing Inclination Toward Smart Grid Deployment
5.2.3.3 Elevating Demand for Electric Vehicles
5.2.4 Challenges
5.2.4.1 Complexities Associated With Integrating Pfc Systems Into Existing Infrastructure
5.3 Trends/Disruptions Impacting Customer Business
5.4 Value Chain Analysis
5.5 Ecosystem Analysis
5.6 Investment and Funding Scenario
5.7 Impact of ai/Generative AI on North America Power Factor Correction Market
5.7.1 Rationale for Impact Levels
5.8 North America: Macroeconomic Outlook
5.8.1 Introduction
5.8.2 Gdp Trends and Forecast
5.8.3 Manufacturing Value Added (% of Gdp)
5.8.4 Electricity Production
5.9 Technology Analysis
5.9.1 Key Technologies
5.9.1.1 Internet of Things (Iot)
5.9.2 Adjacent Technologies
5.9.2.1 Solid-State Switching Devices
5.10 Patent Analysis
5.11 Trade Analysis
5.11.1 Export Scenario (Hs Code 8532)
5.11.2 Import Scenario (Hs Code 8532)
5.12 Key Conferences and Events, 2024-2025
5.13 Pricing Analysis
5.13.1 Average Selling Price Trend of Power Factor Correction System, by North America
5.14 Tariff and Regulatory Landscape
5.14.1 Tariff Analysis
5.14.2 Regulatory Bodies, Government Agencies, and Other Organizations
5.14.3 Regulatory Framework
5.15 Porter’S Five Forces Analysis
5.15.1 Threat of Substitutes
5.15.2 Bargaining Power of Suppliers
5.15.3 Bargaining Power of Buyers
5.15.4 Threat of New Entrants
5.15.5 Intensity of Competitive Rivalry
5.16 Key Stakeholders and Buying Criteria
5.16.1 Key Stakeholders in Buying Process
5.16.2 Buying Criteria
5.17 Case Study Analysis
5.17.1 Eliminating Energy Penalties Through Strategic Power Factor Correction
5.18 Impact of 2025 US Tariff - North America Power Factor Correction Market
5.18.1 Introduction
5.18.2 Key Tariff Rates
5.18.3 Price Impact Analysis
5.18.4 Impact on North America

6 North America Power Factor Correction Market, by Reactive Power

6.1 Introduction
6.2 0-200 Kvar
6.2.1 Rising Demand Across Small Commercial Applications to Drive Segmental Growth
6.3 200-500 Kvar
6.3.1 Rising Use in Medium-Sized Commercial Buildings and Industrial Facilities to Drive Segmental Growth
6.4 500-1,500 Kvar
6.4.1 Increasing FocUS of Large Industrial Plant Owners on Minimizing Energy Losses to Boost Demand
6.5 Above 1,500 Kvar
6.5.1 Pressing Need to Stabilize Voltage Levels Across Power Grid to Support Segmental Growth

7 North America Power Factor Correction Market, by Type

7.1 Introduction
7.2 Automatic
7.2.1 Ability to Craft Efficient Electrical Systems to Boost Demand
7.3 Fixed
7.3.1 Rising FocUS on Energy Cost Reduction to Support Segmental Growth

8 North America Power Factor Correction Market, by Sales Channel

8.1 Introduction
8.2 Distributors
8.2.1 Ability to Cover Broader Geographic Areas and Enter New Markets At Faster Rate to Boost Segmental Growth
8.3 Oem Direct
8.3.1 Higher Upfront Costs for Training Sales Team to Lead to Smaller Market Share

9 North America Power Factor Correction Market, by Application

9.1 Introduction
9.2 Industrial
9.2.1 Rising Use of Power-Intensive Industrial Equipment to Boost Demand
9.3 Renewable
9.3.1 Integration of Renewable Energy Sources Into Power Grid to Propel Market
9.4 Commercial
9.4.1 Increasing Demand for Energy Efficiency and Cost Reduction in Commercial Buildings to Drive Market
9.5 Data Center
9.5.1 Surging Need for Efficient and Reliable Data Center Infrastructure to Drive Market Growth
9.6 Ev Charging
9.6.1 Increasing Investment and Rapid Expansion of Electric Vehicles to Support Market Growth

10 North America Power Factor Correction Market, by Region

10.1 North America
10.1.1 US
10.1.1.1 Increasing FocUS on Sustainable Energy Production Using Renewable Sources to Boost Demand
10.1.2 Canada
10.1.2.1 Rising Demand From Automotive Sector to Augment Market Growth
10.1.3 Mexico
10.1.3.1 Thriving Industrial Sector to Drive Demand

11 Competitive Landscape

11.1 Overview
11.2 Key Player Strategies/Right to Win, 2019-2023
11.3 Market Share Analysis, 2023
11.4 Revenue Analysis, 2019-2023
11.5 Brand/Product Comparison
11.6 Company Valuation and Financial Metrics, 2024
11.7 Company Evaluation Matrix: Key Players, 2023
11.7.1 Stars
11.7.2 Emerging Companies
11.7.3 Pervasive Players
11.7.4 Participants
11.7.5 Company Footprint: Key Players, 2023
11.7.5.1 Company Footprint
11.7.5.2 Reactive Power Footprint
11.7.5.3 Application Footprint
11.7.5.4 Type Footprint
11.8 Competitive Scenario
11.8.1 Product Launches
11.8.2 Other Developments

12 Company Profiles

12.1 Key Players
12.1.1 Schneider Electric
12.1.1.1 Business Overview
12.1.1.2 Products Offered
12.1.1.3 Recent Developments
12.1.1.4 The Analyst's View
12.1.1.4.1 Key Strengths
12.1.1.4.2 Strategic Choices
12.1.1.4.3 Weaknesses and Competitive Threats
12.1.2 Eaton
12.1.2.1 Business Overview
12.1.2.2 Products Offered
12.1.2.3 Recent Developments
12.1.2.4 The Analyst's View
12.1.2.4.1 Key Strengths
12.1.2.4.2 Strategic Choices
12.1.2.4.3 Weaknesses and Competitive Threats
12.1.3 Ge Vernova
12.1.3.1 Business Overview
12.1.3.2 Products Offered
12.1.3.3 Recent Developments
12.1.3.3.1 Deals
12.1.3.4 The Analyst's View
12.1.3.4.1 Key Strengths
12.1.3.4.2 Strategic Choices
12.1.3.4.3 Weaknesses and Competitive Threats
12.1.4 Abb
12.1.4.1 Business Overview
12.1.4.2 Products Offered
12.1.4.3 The Analyst's View
12.1.4.3.1 Key Strengths
12.1.4.3.2 Strategic Choices
12.1.4.3.3 Weaknesses and Competitive Threats
12.1.5 Hitachi Energy Ltd.
12.1.5.1 Business Overview
12.1.5.2 Products Offered
12.1.5.3 Recent Developments
12.1.5.4 The Analyst's View
12.1.5.4.1 Key Strengths
12.1.5.4.2 Strategic Choices
12.1.5.4.3 Weaknesses and Competitive Threats
12.1.6 Gentec
12.1.6.1 Business Overview
12.1.6.2 Products Offered
12.1.6.3 Recent Developments
12.1.7 Tci, Llc
12.1.7.1 Business Overview
12.1.7.2 Products Offered
12.1.8 Powerside
12.1.8.1 Business Overview
12.1.8.2 Products Offered
12.1.9 Cos Phi
12.1.9.1 Business Overview
12.1.9.2 Products Offered
12.1.10 Controllix Corporation
12.1.10.1 Business Overview
12.1.10.2 Products Offered
12.1.11 Circutor
12.1.11.1 Business Overview
12.1.11.2 Products Offered

13 Appendix

13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: The Subscription Portal
13.4 Customization Options
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Inclusions and Exclusions, by Reactive Power
Table 2 Inclusions and Exclusions, by Type
Table 3 Inclusions and Exclusions, by Sales Channel
Table 4 Inclusions and Exclusions, by Application
Table 5 North America Power Factor Correction Market Snapshot
Table 6 Role of Companies in North America Power Factor Correction Ecosystem
Table 7 World Gdp Growth Projection, 2021-2028 (USD Trillion)
Table 8 Manufacturing Value Added (% of Gdp), 2023
Table 9 Electricity Production, by Country, 2023 (Twh)
Table 10 Power Factor Correction Market: List of Major Patents, 2021-2024
Table 11 Export Scenario for Hs Code 8532-Compliant Products, by Country, 2021-2023 (USD Thousand)
Table 12 Import Scenario for Hs Code 8532-Compliant Products, by Country, 2021-2023 (USD Thousand)
Table 13 North America Power Factor Correction Market: List of Conferences and Events, 2024-2025
Table 14 Indicative Pricing Trend of Capacitor Banks Used in Power Factor Correction, by Reactive Power, 2023 (USD Per Unit)
Table 15 Average Selling Price Trend of Power Factor Correction System, by Region, 2021-2023 (USD Per Unit)
Table 16 Import Tariff for Hs Code 8532-Compliant Products, 2023
Table 17 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 North America Power Factor Correction Regulations, by Regulatory Body
Table 19 North America Power Factor Correction Regulations, by Country
Table 20 North America Power Factor Correction Market: Impact of Porter’S Five Forces
Table 21 Influence of Key Stakeholders on Buying Process for Top 3 Applications (%)
Table 22 Key Buying Criteria for Top 3 Applications
Table 23 North Power Factor Correction Market, by Reactive Power, 2021-2023 (USD Million)
Table 24 North America Power Factor Correction Market, by Reactive Power, 2024-2030 (USD Million)
Table 25 North Power Factor Correction Market, by Reactive Power, 2021-2023 (Units)
Table 26 North America Power Factor Correction Market, by Reactive Power, 2024-2030 (Units)
Table 27 0-200 Kvar: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 28 0-200 Kvar: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 29 200-500 Kvar: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 30 200-500 Kvar: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 31 500-1,500 Kvar: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 32 500-1,500 Kvar: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 33 Above 1,500 Kvar: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 34 Above 1,500 Kvar: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 35 North America Power Factor Correction Market, by Type, 2021-2023 (USD Million)
Table 36 North America Power Factor Correction Market, by Type, 2024-2030 (USD Million)
Table 37 Automatic: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 38 Automatic: Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 39 Fixed: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 40 Fixed: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 41 North America Power Factor Correction Market, by Sales Channel, 2021-2023 (USD Million)
Table 42 North America Power Factor Correction Market, by Sales Channel, 2024-2030 (USD Million)
Table 43 Distributors: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 44 Distributors: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 45 Oem Direct: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 46 Oem Direct: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 47 North America Power Factor Correction Market, by Application, 2021-2023 (USD Million)
Table 48 North America Power Factor Correction Market, by Application, 2024-2030 (USD Million)
Table 49 Industrial: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 50 Industrial: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 51 Industrial: North America Power Factor Correction Market, by End User, 2021-2023 (USD Million)
Table 52 Industrial: North America Power Factor Correction Market, by End User, 2024-2030 (USD Million)
Table 53 Renewable: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 54 Renewable: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 55 Renewable: North America Power Factor Correction Market, by Source, 2021-2023 (USD Million)
Table 56 Renewable: Power Factor Correction Market, by Source, 2024-2030 (USD Million)
Table 57 Commercial: Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 58 Commercial: Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 59 Data Center: Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 60 Data Center: Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 61 Ev Charging: North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 62 Ev Charging: North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 63 North America Power Factor Correction Market, by Reactive Power, 2021-2023 (USD Million)
Table 64 North America Power Factor Correction Market, by Reactive Power, 2024-2030 (USD Million)
Table 65 North America Power Factor Correction Market, by Type, 2021-2023 (USD Million)
Table 66 North America Power Factor Correction Market, by Type, 2024-2030 (USD Million)
Table 67 North America Power Factor Correction Market, by Sales Channel, 2021-2023 (USD Million)
Table 68 North America Power Factor Correction Market, by Sales Channel, 2024-2030 (USD Million)
Table 69 North America Power Factor Correction Market, by Application, 2021-2023 (USD Million)
Table 70 North America Power Factor Correction Market, by Application, 2024-2030 (USD Million)
Table 71 North America Power Factor Correction Market for Renewable Applications, by Source, 2021-2023 (USD Million)
Table 72 North America Power Factor Correction Market for Renewable Applications, by Source, 2024-2030 (USD Million)
Table 73 North America Power Factor Correction Market for Industrial Applications, by End User, 2021-2023 (USD Million)
Table 74 North America Power Factor Correction Market for Industrial Applications, by End User, 2024-2030 (USD Million)
Table 75 North America Power Factor Correction Market, by Country, 2021-2023 (USD Million)
Table 76 North America Power Factor Correction Market, by Country, 2024-2030 (USD Million)
Table 77 US: North America Power Factor Correction Market, by Type, 2021-2023 (USD Million)
Table 78 US: North America Power Factor Correction Market, by Type, 2024-2030 (USD Million)
Table 79 Canada: North America Power Factor Correction Market, by Type, 2021-2023 (USD Million)
Table 80 Canada: North America Power Factor Correction Market, by Type, 2024-2030 (USD Million)
Table 81 Mexico: North America Power Factor Correction Market, by Type, 2021-2023 (USD Million)
Table 82 Mexico: North America Power Factor Correction Market, by Type, 2024-2030 (USD Million)
Table 83 North America Power Factor Correction Market: Overview of Key Strategies Adopted by Major Players, January 2019-August 2023
Table 84 North America Power Factor Correction Market: Degree of Competition, 2023
Table 85 North America Power Factor Correction Market: Reactive Power Footprint
Table 86 North America Power Factor Correction Market: Application Footprint
Table 87 North America Power Factor Correction Market: Type Footprint
Table 88 North America Power Factor Correction Market: Product Launches, January 2019-June 2024
Table 89 North America Power Factor Correction Market: Other Developments
Table 90 Schnieder Electric: Company Overview
Table 91 Schnieder Electric: Products Offered
Table 92 Schneider Electric: Recent Developments
Table 93 Eaton: Company Overview
Table 94 Eaton: Products Offered
Table 95 Eaton: Developments
Table 96 Ge Vernova: Company Overview
Table 97 Ge Vernova: Products Offered
Table 98 Ge Vernova: Deals
Table 99 Abb: Company Overview
Table 100 Abb: Products Offered
Table 101 Hitachi Energy Ltd.: Company Overview
Table 102 Hitachi Energy Ltd.: Products Offered
Table 103 Hitachi Energy: Developments
Table 104 Gentec: Company Overview
Table 105 Gentec: Products Offered
Table 106 Gentec: Developments
Table 107 Tci, Llc: Company Overview
Table 108 Tci, Llc: Products Offered
Table 109 Powerside: Company Overview
Table 110 Powerside: Products Offered
Table 111 Cos Phi: Company Overview
Table 112 Cos Phi: Products Offered
Table 113 Controllix Corporation: Company Overview
Table 114 Controllix Corporation: Products Offered
Table 115 Circutor: Company Overview
Table 116 Circutor: Products Offered

List of Figures

Figure 1 North America: Power Factor Correction Market Segmentation and Regional Scope
Figure 2 North America Power Factor Correction Market: Research Design
Figure 3 North America Power Factor Correction Market: Data Triangulation
Figure 4 North America Power Factor Correction Market: Bottom-Up Approach
Figure 5 North America Power Factor Correction Market: Top-Down Approach
Figure 6 Key Steps Considered to Assess Supply of Power Factor Correction Systems
Figure 7 North America Power Factor Correction Market: Supply-Side Analysis
Figure 8 Distributors to Be Larger Sales Channel Segment in 2024
Figure 9 Automatic to Be Larger Type Segment in 2024
Figure 10 Industrial Application Segment to Lead Market in 2024
Figure 11 0-200 Kvar Segment to Hold Majority of Market Share During Forecast Period
Figure 12 Increasing Demand for Energy Efficiency Across Industrial Sector to Drive Market
Figure 13 Distributors and Automatic Segments to Hold Largest Market Share in 2024
Figure 14 Distributors Segment to Capture Larger Market Share in 2030
Figure 15 Automatic Segment to Dominate Market in 2030
Figure 16 0-200 Kvar Segment to Hold Largest Market Share in 2030
Figure 17 Industrial Segment to Lead Market in 2030
Figure 18 North America Power Factor Correction Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Global Energy Investments in Clean Energy and Fossil Fuels, 2015-2023
Figure 20 Worldwide Annual Investment in Energy Efficiency by Companies in Industrial Sector, 2020-2022
Figure 21 Investments in Power Grid Infrastructure Development, 2015-2022
Figure 22 Publicly Available Ev Charging Points in Us, Fast Vs. Slow, 2015-2023
Figure 23 Trends/Disruptions Influencing Customer Business
Figure 24 North America Power Factor Correction Market: Value Chain Analysis
Figure 25 North America Power Factor Correction Market: Ecosystem Analysis
Figure 26 Funding Scenario for Top Players
Figure 27 Impact of Ai/Generative AI on Power Factor Correction Supply Chain
Figure 28 Power Factor Correction Market: Patents Applied and Granted, 2014-2023
Figure 29 Export Data for Hs Code 8532-Compliant Products for Top 5 Countries, 2019-2023
Figure 30 Import Data for Hs Code 8532-Compliant Products for Top 5 Countries, 2019-2023
Figure 31 Average Selling Price Trend of Power Factor Correction System, by North America, 2021-2023
Figure 32 North America Power Factor Correction Market: Porter’S Five Forces Analysis
Figure 33 Influence of Key Stakeholders on Buying Process for Top 3 Applications
Figure 34 Influence of Stakeholders on Buying Process for Top 3 Applications
Figure 35 North America Power Factor Correction Market Share, by Reactive Power, 2023
Figure 36 North America Power Factor Correction Market Share, by Type, 2023
Figure 37 North America Power Factor Correction Market Share, by Sales Channel, 2023
Figure 38 North America Power Factor Correction Market Share, by Application, 2023
Figure 39 North America Power Factor Correction Market Share Analysis, 2023
Figure 40 North America Power Factor Correction Market: Revenue Analysis of Key Players, 2019-2023
Figure 41 Brand Comparison
Figure 42 Company Valuation
Figure 43 Financial Metrics
Figure 44 North America Power Factor Correction Market: Company Evaluation Matrix (Key Players), 2023
Figure 45 North America Power Factor Correction Market: Company Footprint
Figure 46 Schnieder Electric: Company Snapshot
Figure 47 Eaton: Company Snapshot
Figure 48 Ge Vernova: Company Snapshot
Figure 49 Abb: Company Snapshot
Figure 50 Hitachi Energy Ltd.: Company Snapshot

Table Information

Report Attribute	Details
No. of Pages	161
Published	June 2025
Forecast Period	2025 - 2030
Estimated Market Value ( USD ) in 2025	$ 734.2 million
Forecasted Market Value ( USD ) by 2030	$ 999.1 million
Compound Annual Growth Rate	6.2%
Regions Covered	Global, North America

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North America Power Factor Correction Market by Reactive Power, Type, Sales Channel, Application, and Region - Global Trends & Forecast to 2030

OEM direct is expected to be the fastest-growing segment during the forecast period.

Automatic segment to be largest type in North America power factor correction market

US to register highest CAGR in North America power factor correction market

Research Coverage:

Key Benefits of Buying the Report

Table of Contents

Table Information

OEM direct is expected to be the fastest-growing segment during the forecast period.

Automatic segment to be largest type in North America power factor correction market

US to register highest CAGR in North America power factor correction market

Research Coverage:

Key Benefits of Buying the Report

Table of Contents

Table Information

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