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The global Power Factor Correction (PFC) Controller market was valued at US$ 6917.9 million in 2022 and is projected to reach US$ 8401 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Power-factor correction increases the power factor of a load, improving efficiency for the distribution system to which it is attached. Linear loads with low power factor (such as induction motors) can be corrected with a passive network of capacitors or inductors. Non-linear loads, such as rectifiers, distort the current drawn from the system. In such cases, active or passive power factor correction may be used to counteract the distortion and raise the power factor. The devices for correction of the power factor may be at a central substation, spread out over a distribution system, or built into power-consuming equipment.
This report aims to provide a comprehensive presentation of the global market for Power Factor Correction (PFC) Controller, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Power Factor Correction (PFC) Controller. This report contains market size and forecasts of Power Factor Correction (PFC) Controller in global, including the following market information:
Global Power Factor Correction (PFC) Controller Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Power Factor Correction (PFC) Controller Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Power Factor Correction (PFC) Controller companies in 2022 (%)
Global Power Factor Correction Devices main players are ABB, Schneider, Siemens, Eaton, etc. Global top four manufacturers hold a share nearly 40%. Asia-Pacific is the largest market, with a share above 50%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Power Factor Correction (PFC) Controller manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Chapter 1: Introduces the definition of Power Factor Correction (PFC) Controller, market overview.
Chapter 2: Global Power Factor Correction (PFC) Controller market size in revenue and volume.
Chapter 3: Detailed analysis of Power Factor Correction (PFC) Controller manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Power Factor Correction (PFC) Controller in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Power Factor Correction (PFC) Controller capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.