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.
Power Factor Correction Devices report published by QYResearch reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Power Factor Correction Devices market is projected to reach US$ 9562.9 million in 2029, increasing from US$ 6723.3 million in 2022, with the CAGR of 5.1% during the period of 2023 to 2029. Demand from Commercial Utility and Industrial Utility are the major drivers for the industry.
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%.
Global Power Factor Correction Devices Market: Driven factors and Restrictions factors
The research report encompasses a comprehensive analysis of the factors that affect the growth of the market. It includes an evaluation of trends, restraints, and drivers that influence the market positively or negatively. The report also outlines the potential impact of different segments and applications on the market in the future. The information presented is based on historical milestones and current trends, providing a detailed analysis of the production volume for each type from 2018 to 2029, as well as the production volume by region during the same period.
Global Leading Market Research Publisher QYResearch announces the release of the report “Global Power Factor Correction Devices Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application”. Based on historical analysis (2018-2022) and forecast calculations (2023-2029), this report provides a detailed analysis of the production volume for each type from 2018 to 2029, as well as production by region during the same period. It aims to help readers gain a comprehensive understanding of the global Power Factor Correction Devices market with multiple angles, which provides sufficient Power Factor Correction Devicess to readers’ strategy and decision making. As the market is constantly changing, the report explores competition, supply and demand trends, as well as the key factors that contribute to its changing demands across many markets.
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https://www.qyresearch.com/reports/1208624/power-factor-correction-devices
Overall, this report will provide you with the insights and information needed to make informed business decisions and stay ahead of the competition.
Global Power Factor Correction Devices Market report also includes a pricing analysis for each type, manufacturer, region, and global price from 2018 to 2029. This information will help stakeholders make informed decisions and develop effective strategies for growth. The report's analysis of the restraints in the market is crucial for strategic planning as it helps stakeholders understand the challenges that could hinder growth. This information will enable stakeholders to devise effective strategies to overcome these challenges and capitalize on the opportunities presented by the growing market. Furthermore, the report incorporates the opinions of market experts to provide valuable insights into the market's dynamics. This information will help stakeholders gain a better understanding of the market and make informed decisions.
The Power Factor Correction Devices market is segmented as below:
By Company
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
Segment by Type
Power Capacitor
AC Reactor
Active Power Filter
Others
Segment by Application
Commercial Utility
Industrial Utility
Public Power Supply
Each chapter of the report provides detailed information for readers to understand the Power Factor Correction Devices market further:
Chapter 1: Power Factor Correction Devices Market Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 2: Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Oil Water Separator, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Power Factor Correction Devices industry.
Chapter 3: Power Factor Correction Devices Market Historical (2018-2022) and forecast (2023-2029) volume and revenue analysis of Power Factor Correction Devices in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4: Power Factor Correction Devices Product Application, Volume and Revenue analysis of Each Application in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2023.
Chapter 5 to 9: Power Factor Correction Devices Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10: Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Power Factor Correction Devices introduction, etc. Power Factor Correction Devices Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11: Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12: Market Channel, Distributors and Customers are listed.
Chapter 13: QYResearch’s Conclusions of Power Factor Correction Devices market based on comprehensive survey.
Chapter 14: Methodology and Data Sources.
Some of the Key Questions Answered in this Report:
- What is the Power Factor Correction Devices market size at the regional and country-level
- What are the key drivers, restraints, opportunities, and challenges of the Power Factor Correction Devices market, and how they are expected to impact the market
- What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) sales value, production value, consumption value, import and export of Oil Water Separator
- Who are the global key manufacturers of the Power Factor Correction Devices Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)
- What are the Power Factor Correction Devices market opportunities and threats faced by the vendors in the global Power Factor Correction Devices Industry
- Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application
- What focused approach and constraints are holding the Power Factor Correction Devices market
- What are the different sales, marketing, and distribution channels in the global industry
- What are the upstream raw materials and of Power Factor Correction Devices along with the manufacturing process of Oil Water Separator
- What are the key market trends impacting the growth of the Power Factor Correction Devices market
- Economic impact on the Power Factor Correction Devices industry and development trend of the Power Factor Correction Devices industry
- What are the Power Factor Correction Devices market opportunities, market risk, and market overview of the Power Factor Correction Devices market
Authoritative Reference
BBC Corporation of the United Kingdom quoted the data in QYResearch's analysis report on the construction robot market
https://www.bbc.com/news/business-46034469
Japan's NIKKEI quoted QYResearch's report data in the 5G market
https://www.nikkei.com/article/DGXZQOUC1803K0Y3A510C2000000/
Panasonic quoted QYResearch data on its website
https://na.panasonic.com/us/consumer-products
South Korea's Thelec cited QYResearch's battery soft pack film market report
https://www.thelec.kr/news/articleView.html?idxno=15419
Switzerland's MDPI cites QYResearch's Organ-On-Chip Market
https://www.mdpi.com/2306-5354/7/3/112/htm
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