About Automatic Power Factor Controller
Automatic power factor controllers consist of automatic capacitor recognition and are used for the purpose of the mode of operation and to maintain an ideal power factor under fluctuating load and voltage conditions. These controllers also help in growing the efficiency and decreasing the energy intake by dodging voltage fluctuation and load, this could occur if the power in the device is not assigned optimally. Moreover, these devices come with step switching up/down and step protection features which make these controllers more suitable for the end-user industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Automatic Power Factor Controller market is expected to continue growing in the coming years, driven by factors like increasing industrial automation, smart grid initiatives, and rising energy costs. By addressing challenges, embracing innovation, and adapting to changing market dynamics, APFC manufacturers can remain competitive and contribute to a more efficient and sustainable power grid. Analyst at AMA Research estimates that Indian and United States Manufacturers will contribute the maximum growth to Global Automatic Power Factor Controller market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), General Electric (United States), Eaton Corporation (Ireland), Schneider Electric (France), EPCOS AG (Germany), Texas Instruments (United States), Fairchild Semiconductor International (United States), ON Semiconductor (United States), STMicroelectronics (Switzerland) and Crompton Greaves (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Larsen & Toubro Limited (India), Ab Power System Solution (India), Dynamic Control Systems (India), Havells (India) and REM Electromach (India).
Segmentation Overview
AMA Research has segmented the market of Global Automatic Power Factor Controller market by Type (Active Power Factor Controller and Passive Power Factor Controller), Application (Process Industries and Discrete Industries) and Region.
On the basis of geography, the market of Automatic Power Factor Controller has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component Type, the sub-segment i.e. Relays will boost the Automatic Power Factor Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Installation Type, the sub-segment i.e. Self-Standing APFC Panels will boost the Automatic Power Factor Controller market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Need for Process Automation Globally
Market Growth Drivers:
Progression in Industrial Facilities to Improve Energy Efficiency, Increasing Need for Energy Conservation in Industries and Home Utilities and Rise in Requirement for Preventing Damage to Electronic Equipment’s
Challenges:
Issue Related to the Complexity of Designing Circuits
Restraints:
High Initial Cost of Installation of Automatic Power Factor Controller Panels for Industrial Verticals
Opportunities:
Growing Investments in Developing Nations in Infrastructure
Market Leaders and their expansionary development strategies
In May 2023, Schneider Electric and Enphase Energy alliance focuses on creating energy management solutions for microgrids and renewable energy systems, with APFCs playing a crucial role in stabilizing power quality.
In July 2023, ABB has launched OptiSet APFC G5 this controller prioritizes user-friendliness with simplified settings and intuitive interfaces, perfect for smaller installations and non-technical personnel.
Key Target Audience
APFC device manufactures, Software developers, Research organizations and consulting companies, Associations, forums, and alliances related to power factor correction and Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.