Power Factor Correction Market Hitting US$ 3.38 Billion With a CAGR of 5.3% Projected From 2024 to 2032
Growing energy consumption because of speedy industrialization and urbanization is a prominent factor driving the power factor correction market.
๐๐ก๐ ๐ซ๐๐๐๐ง๐ญ๐ฅ๐ฒ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐จ๐ฐ๐๐ซ ๐ ๐๐๐ญ๐จ๐ซ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐ฌ๐ญ๐ฎ๐๐ฒ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฏ๐๐๐ฅ๐ฌ ๐ญ๐ก๐๐ญ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฐ๐๐ฌ ๐๐๐ 2.12 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง 2023, ๐ฐ๐ข๐ญ๐ก ๐ ๐๐๐๐ ๐จ๐ 5.3% ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐๐ซ๐จ๐ฆ 2024 ๐ญ๐จ 2032. ๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐จ๐๐๐๐ซ ๐๐ง ๐๐๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐จ๐ ๐๐๐ 3.38 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2032.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐จ๐ฐ๐๐ซ ๐ ๐๐๐ญ๐จ๐ซ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง?
Power factor correction is a series of apparatus structured into a power supply circuit to alleviate the power factor. PFC is usually embodied into computer power supplies to escalate their PF. A circuitโs PF is the proportion of real power to apparent power. The elevated the PF, the more productively the electric current is being used.
Real power is the aggregate of functional energy that can be passed on to a load. It is normally a percentage of the aggregate amount of obtainable power. If the load is completely resistive, the entire power is contemplated as real power. As constraints on power grids surge, PFC becomes important for industries seeking to maximize energy usage, lessen power losses, and reduce electricity expenses, impacting the power factor correction market growth favorably.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/power-factor-correction-market/request-for-sample
๐๐ก๐จ ๐๐๐ค๐๐ฌ ๐๐จ๐ฐ๐๐ซ ๐ ๐๐๐ญ๐จ๐ซ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง?
โข ABB Ltd.
โข Schneider Electric SE
โข Eaton Corporation
โข Siemens AG
โข General Electric Company
โข Emerson Electric Co.
โข Delta Electronics, Inc.
โข Rockwell Automation, Inc.
โข Crompton Greaves Limited
โข L&T Electrical & Automation
โข Mitsubishi Electric Corporation
โข Larsen & Toubro Limited
โข Hillcrest Energy Technologies
โข Adpower FZCO
โข Arteche
โข Avantha Group
โข Bharat Heavy Electricals Limited Dynamic Control Systems
โข EPCOS AG
โข Eggtronic
are some of the leading players in the power factor correction market. The aggressive topography of the market is portrayed by a varied assortment of global and regional players struggling to seize market share through invention, strategic alliances, and geographic augmentation.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
โข In March 2023, Toshiba Electronic Europe GmbH instigated a contemporary 650V rated outlined for usage in power factor correction circuits for power supplies and home appliances.
โข In August 2023, Eaton declared notable funding in North American manufacturing and functions to reinforce the speedily growing demand for its electrical solution.
๐๐ก๐๐ญโ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐ ๐จ๐ซ๐ฐ๐๐ซ๐?
Technological Progressions: Continuous progressions in PFC technologies push notable enhancements in energy productivity and system dependability, covering several sectors. Contemporary PFC solutions have developed beyond conventional capacitor banks to involve progressive power electronics such as agile and passive filters that powerfully adapt the power factor in real time.
Growing Funding in Clean Energy Projects: The growing funding in clean energy projects is encouraging progressive technologies that improve energy productivity and grid steadiness. As global thrust for renewable energy acquires speed, combining these energy sources in prevailing electrical grids frequently creates alterations in power standards and steadiness, demanding productive power-handling solutions. This, in turn, is having a favorable impact on power factor correction market sales.
Reducing Carbon Footprint: The growing concentration on decreasing carbon footprint is notably impacting business functioning, rendering power factor correction solutions important for obtaining sustainability objectives.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/power-factor-correction-market/request-for-discount-pricing
๐๐ก๐ข๐๐ก ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก?
North America: North America accounted for the largest power factor correction market share. The region's robust growth is primarily due to many elements, such as a robust industrial base and notable funding in infrastructure.
Asia Pacific: Asia Pacific is anticipated to witness significant growth from 2024 to 2032. This can be attributed to speedy industrialization and urbanization in nations such as China and India.
๐๐จ๐ฐ ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐ง๐?
By Reactive Power Outlook:
โข 0โ200 KAVR
โข 200โ500 KAVR
โข 500โ1500 KAVR
โข Above 1500 KAVR
By Type Outlook:
โข Automatic
โข Fixed
By Sales Channel Outlook:
โข Distributors
โข OEM Direct
By Application Outlook:
โข Industrial
o Mining
o Oil & Gas
o Metals & Minerals
o Automotive
o Other Manufacturing Plants
โข Renewables
o Solar
o Wind
o BESS
o Others
โข Commercial
โข Datacenters
โข EV Charging
By Region Outlook:
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Australia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/power-factor-correction-market/inquire-before-buying
๐ ๐๐๐ฌ:
How much is the power factor correction market?
The market size was valued at USD 2.12 billion in 2023 and is projected to grow to USD 3.38 billion by 2032.
What is the growth rate of the power factor correction market?
The global market is projected to register a CAGR of 5.3% during the forecast period.
Which region held the largest market share?
North America is expected to hold the largest share.
Which segment by application led the market?
The industrial sector segment led the market in 2023.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐'๐ฌ ๐๐จ๐ฐ๐๐ซ ๐ ๐๐๐ญ๐จ๐ซ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐๐ซ๐จ๐ฆ ๐๐ข๐๐๐๐ซ๐๐ง๐ญ ๐๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
๐๐จ๐ฐ๐๐ซ ๐ ๐๐๐ญ๐จ๐ซ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐ ๐ข๐ฌ ๐๐ซ๐๐๐ข๐๐ญ๐๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐๐ง๐ ๐ญ๐จ ๐๐$ 3.38 ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ 2032, ๐ฐ๐ข๐ญ๐ก ๐ ๐๐๐๐ ๐จ๐ 5.3% ๐๐ซ๐จ๐ฆ 2024 ๐ญ๐จ 2032
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๐๐๐จ๐ฎ๐ญ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก & ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ , ๐๐ง๐:
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