Automatic Power Factor Controller Market Size, Share, Growth Report 2032

Automatic Power Factor Controller Market Size

The global automatic power factor controller market size was worth around USD 1076.55 million in 2023 and is predicted to grow to around USD 1670.09 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.00% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the automatic power factor controller market on a global and regional level.

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Global Automatic Power Factor Controller Market: Overview

The ratio of actual load power and apparent load power is the power factor. It makes sure the conversion of current to the effective output and the efficiency that can be achieved with a certain amount of power supply. An electrical system includes various automatic power factor controller and load power, which is used to centralized power compensation at the point of electrical power distribution. They are extensively used in various industries such as defense, utility, manufacturing, enterprise, and commercial. Automatic power factor controller is needed in computer peripherals, computers, and graphics power units (GPU) were turning off switches minimizes the power supply and hence efficient power supply is provided to these devices. The installation of this device reduces power consumption and hence decreases electricity costs. Utility industries such as power plants where transformers need reactive power factor and reduction in power losses are one of the significant functions.

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Global Automatic Power Factor Controller Market: Growth Factors

The power management devices are highly demanding in the industries; this is anticipated to boost the global automatic power factor controller market growth. Additionally, acceptance of the automatic power factor controller has risen across the industries such as enterprise, manufacturing, commercial, military, and utility, which may foster the global market growth in the near future. They provide some advantages such as reduce electricity cost, saves power, and manages power factor; hence, its advantages are influencing the global automatic power factor controller market in a positive way. This controller saves electrical equipment from getting damaged; this is anticipated to drive the global market in future.

Global Automatic Power Factor Controller Market: Segmentation

Based on the component, the global automatic power factor controller market is classified as microcontrollers, relays, resistors, displays, capacitors, and switches.

On the basis of type, the global market is categorized as passive APFCs and active APFCs.

Based on industries, the global market is further fragmented as commercial, manufacturing, military, utility, and enterprise.

Automatic Power Factor Controller Market: Report Scope

Global Automatic Power Factor Controller Market: Regional Analysis

The global automatic power factor controller market is classified based on geography as Asia Pacific, North America, the Middle East & Africa Europe, and Latin America. Asia Pacific is the leading region for automatic power factor controller as higher demand is expected to fuel the global market. However, rising industrialization and urbanization in this region also positively impact the global market. The increase in spending on infrastructure development in Asia pacific is expected to maintain its dominance in the coming future. Automatic power factor controller helps to reduce losses in electric systems and maintain the power factor, thus increasing the demand for power management devices. Some developing countries in Asia Pacific such as South Korea, Japan, India, and China may propel the global automatic power factor controller market.

Global Automatic Power Factor Controller Market: Competitive Players

Major players operating in the global automatic power factor controller market:

• General Electric Company
• Schneider Electric SA
• Texas Instruments Inc.
• EPCOS AG
• Fairchild Semiconductor International Inc. 
• On Semiconductor Corporation
• Stmicroelectronics N.V.
• ABB Ltd.
• Eaton Corporation
• Larsen & Toubro Limited
• Crompton Greaves Ltd.

The Global Automatic Power Factor Controller Market is segmented as follows:

By Component 

• Microcontrollers
• Relays
• Resistors
• Displays
• Capacitors
• Switches

By Type 

• Passive Apfcs 
• Active Apfcs

By Industry 

• Commercial
• Manufacturing
• Military
• Utility
• Enterprise

Global Automatic Power Factor Controller Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.