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Power Factor Correction Devices-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Power Factor Correction Devices market size is expected to reach US$ 9562.9 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Power Factor Correction Devices in various end use industries. The expanding demands from the Commercial Utility, Industrial Utility and Public Power Supply,, are propelling Power Factor Correction Devices market. Power Capacitor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AC Reactor segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Power Factor Correction Devices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Power Factor Correction Devices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Power Factor Correction Devices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Power Factor Correction Devices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Power Factor Correction Devices covered in this report include ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Guilin Power Capacitor, Hubbell and Xian XD Power, etc.
The global Power Factor Correction Devices market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Schneider
Siemens
Eaton
GE Grid Solutions
NISSIN ELECTRIC
Guilin Power Capacitor
Hubbell
Xian XD Power
Herong Electric
Shizuki Electric
Sieyuan Electric
Socomec
Rongxin Power Electronic
Ducati Energia
Iskra
ICAR SpA
Hangzhou Yinhu Electric
Global Power Factor Correction Devices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Power Factor Correction Devices market, Segment by Type:
Power Capacitor
AC Reactor
Active Power Filter
Others
Global Power Factor Correction Devices market, by Application
Commercial Utility
Industrial Utility
Public Power Supply
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Power Factor Correction Devices companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Power Factor Correction Devices market size is expected to reach US$ 9562.9 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Power Factor Correction Devices in various end use industries. The expanding demands from the Commercial Utility, Industrial Utility and Public Power Supply,, are propelling Power Factor Correction Devices market. Power Capacitor, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AC Reactor segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Power Factor Correction Devices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Power Factor Correction Devices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Power Factor Correction Devices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Power Factor Correction Devices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Power Factor Correction Devices covered in this report include ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Guilin Power Capacitor, Hubbell and Xian XD Power, etc.
The global Power Factor Correction Devices market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Schneider
Siemens
Eaton
GE Grid Solutions
NISSIN ELECTRIC
Guilin Power Capacitor
Hubbell
Xian XD Power
Herong Electric
Shizuki Electric
Sieyuan Electric
Socomec
Rongxin Power Electronic
Ducati Energia
Iskra
ICAR SpA
Hangzhou Yinhu Electric
Global Power Factor Correction Devices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Power Factor Correction Devices market, Segment by Type:
Power Capacitor
AC Reactor
Active Power Filter
Others
Global Power Factor Correction Devices market, by Application
Commercial Utility
Industrial Utility
Public Power Supply
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Power Factor Correction Devices companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Power Factor Correction Devices
1.1 Power Factor Correction Devices Market Overview
1.1.1 Power Factor Correction Devices Product Scope
1.1.2 Power Factor Correction Devices Market Status and Outlook
1.2 Global Power Factor Correction Devices Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Power Factor Correction Devices Market Size by Region (2018-2029)
1.4 Global Power Factor Correction Devices Historic Market Size by Region (2018-2023)
1.5 Global Power Factor Correction Devices Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Power Factor Correction Devices Market Size (2018-2029)
1.6.1 North America Power Factor Correction Devices Market Size (2018-2029)
1.6.2 Europe Power Factor Correction Devices Market Size (2018-2029)
1.6.3 Asia-Pacific Power Factor Correction Devices Market Size (2018-2029)
1.6.4 Latin America Power Factor Correction Devices Market Size (2018-2029)
1.6.5 Middle East & Africa Power Factor Correction Devices Market Size (2018-2029)
2 Power Factor Correction Devices Market by Type
2.1 Introduction
2.1.1 Power Capacitor
2.1.2 AC Reactor
2.1.3 Active Power Filter
2.1.4 Others
2.2 Global Power Factor Correction Devices Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Power Factor Correction Devices Historic Market Size by Type (2018-2023)
2.2.2 Global Power Factor Correction Devices Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Power Factor Correction Devices Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Power Factor Correction Devices Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Power Factor Correction Devices Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Power Factor Correction Devices Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Power Factor Correction Devices Revenue Breakdown by Type (2018-2029)
3 Power Factor Correction Devices Market Overview by Application
3.1 Introduction
3.1.1 Commercial Utility
3.1.2 Industrial Utility
3.1.3 Public Power Supply
3.2 Global Power Factor Correction Devices Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Power Factor Correction Devices Historic Market Size by Application (2018-2023)
3.2.2 Global Power Factor Correction Devices Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Power Factor Correction Devices Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Power Factor Correction Devices Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Power Factor Correction Devices Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Power Factor Correction Devices Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Power Factor Correction Devices Revenue Breakdown by Application (2018-2029)
4 Power Factor Correction Devices Competition Analysis by Players
4.1 Global Power Factor Correction Devices Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Power Factor Correction Devices as of 2022)
4.3 Date of Key Players Enter into Power Factor Correction Devices Market
4.4 Global Top Players Power Factor Correction Devices Headquarters and Area Served
4.5 Key Players Power Factor Correction Devices Product Solution and Service
4.6 Competitive Status
4.6.1 Power Factor Correction Devices Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 ABB
5.1.1 ABB Profile
5.1.2 ABB Main Business
5.1.3 ABB Power Factor Correction Devices Products, Services and Solutions
5.1.4 ABB Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.1.5 ABB Recent Developments
5.2 Schneider
5.2.1 Schneider Profile
5.2.2 Schneider Main Business
5.2.3 Schneider Power Factor Correction Devices Products, Services and Solutions
5.2.4 Schneider Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.2.5 Schneider Recent Developments
5.3 Siemens
5.3.1 Siemens Profile
5.3.2 Siemens Main Business
5.3.3 Siemens Power Factor Correction Devices Products, Services and Solutions
5.3.4 Siemens Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.3.5 Eaton Recent Developments
5.4 Eaton
5.4.1 Eaton Profile
5.4.2 Eaton Main Business
5.4.3 Eaton Power Factor Correction Devices Products, Services and Solutions
5.4.4 Eaton Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.4.5 Eaton Recent Developments
5.5 GE Grid Solutions
5.5.1 GE Grid Solutions Profile
5.5.2 GE Grid Solutions Main Business
5.5.3 GE Grid Solutions Power Factor Correction Devices Products, Services and Solutions
5.5.4 GE Grid Solutions Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.5.5 GE Grid Solutions Recent Developments
5.6 NISSIN ELECTRIC
5.6.1 NISSIN ELECTRIC Profile
5.6.2 NISSIN ELECTRIC Main Business
5.6.3 NISSIN ELECTRIC Power Factor Correction Devices Products, Services and Solutions
5.6.4 NISSIN ELECTRIC Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.6.5 NISSIN ELECTRIC Recent Developments
5.7 Guilin Power Capacitor
5.7.1 Guilin Power Capacitor Profile
5.7.2 Guilin Power Capacitor Main Business
5.7.3 Guilin Power Capacitor Power Factor Correction Devices Products, Services and Solutions
5.7.4 Guilin Power Capacitor Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.7.5 Guilin Power Capacitor Recent Developments
5.8 Hubbell
5.8.1 Hubbell Profile
5.8.2 Hubbell Main Business
5.8.3 Hubbell Power Factor Correction Devices Products, Services and Solutions
5.8.4 Hubbell Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.8.5 Hubbell Recent Developments
5.9 Xian XD Power
5.9.1 Xian XD Power Profile
5.9.2 Xian XD Power Main Business
5.9.3 Xian XD Power Power Factor Correction Devices Products, Services and Solutions
5.9.4 Xian XD Power Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.9.5 Xian XD Power Recent Developments
5.10 Herong Electric
5.10.1 Herong Electric Profile
5.10.2 Herong Electric Main Business
5.10.3 Herong Electric Power Factor Correction Devices Products, Services and Solutions
5.10.4 Herong Electric Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.10.5 Herong Electric Recent Developments
5.11 Shizuki Electric
5.11.1 Shizuki Electric Profile
5.11.2 Shizuki Electric Main Business
5.11.3 Shizuki Electric Power Factor Correction Devices Products, Services and Solutions
5.11.4 Shizuki Electric Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.11.5 Shizuki Electric Recent Developments
5.12 Sieyuan Electric
5.12.1 Sieyuan Electric Profile
5.12.2 Sieyuan Electric Main Business
5.12.3 Sieyuan Electric Power Factor Correction Devices Products, Services and Solutions
5.12.4 Sieyuan Electric Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.12.5 Sieyuan Electric Recent Developments
5.13 Socomec
5.13.1 Socomec Profile
5.13.2 Socomec Main Business
5.13.3 Socomec Power Factor Correction Devices Products, Services and Solutions
5.13.4 Socomec Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.13.5 Socomec Recent Developments
5.14 Rongxin Power Electronic
5.14.1 Rongxin Power Electronic Profile
5.14.2 Rongxin Power Electronic Main Business
5.14.3 Rongxin Power Electronic Power Factor Correction Devices Products, Services and Solutions
5.14.4 Rongxin Power Electronic Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.14.5 Rongxin Power Electronic Recent Developments
5.15 Ducati Energia
5.15.1 Ducati Energia Profile
5.15.2 Ducati Energia Main Business
5.15.3 Ducati Energia Power Factor Correction Devices Products, Services and Solutions
5.15.4 Ducati Energia Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.15.5 Ducati Energia Recent Developments
5.16 Iskra
5.16.1 Iskra Profile
5.16.2 Iskra Main Business
5.16.3 Iskra Power Factor Correction Devices Products, Services and Solutions
5.16.4 Iskra Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.16.5 Iskra Recent Developments
5.17 ICAR SpA
5.17.1 ICAR SpA Profile
5.17.2 ICAR SpA Main Business
5.17.3 ICAR SpA Power Factor Correction Devices Products, Services and Solutions
5.17.4 ICAR SpA Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.17.5 ICAR SpA Recent Developments
5.18 Hangzhou Yinhu Electric
5.18.1 Hangzhou Yinhu Electric Profile
5.18.2 Hangzhou Yinhu Electric Main Business
5.18.3 Hangzhou Yinhu Electric Power Factor Correction Devices Products, Services and Solutions
5.18.4 Hangzhou Yinhu Electric Power Factor Correction Devices Revenue (US$ Million) & (2018-2023)
5.18.5 Hangzhou Yinhu Electric Recent Developments
6 North America
6.1 North America Power Factor Correction Devices Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Power Factor Correction Devices Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Power Factor Correction Devices Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Power Factor Correction Devices Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Power Factor Correction Devices Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Power Factor Correction Devices Market Dynamics
11.1 Power Factor Correction Devices Industry Trends
11.2 Power Factor Correction Devices Market Drivers
11.3 Power Factor Correction Devices Market Challenges
11.4 Power Factor Correction Devices Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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