Automatic Power Factor Controller Market Set for Rapid Growth During 2021-2026

Automatic Power Factor Controller Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Automatic Power Factor Controller Market  is estimated to grow from USD 4.2 billion in 2020 to USD 5.6 billion by 2026 at a healthy CAGR of 4.8% during the forecast period.

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Market Segments' Analysis

According to Stratview Research, the Automatic Power Factor Controller Market is Segmented into passive and active. The active segment accounted for the largest market share in 2020. Surging demand for APFCs by different industries, including manufacturing, commercial, military, utility, etc. is a key driver. Also, the APFC comprises of active components such as diodes and transistors that help the engineers to attain high power factor as 0.99, thereby augmenting the segment growth.

Top key vendors in the market:

The report mentions a list of key players in the Automatic Power Factor Controller Market. Some of them are mentioned below –

  • ABB Ltd. (Switzerland)

  • General Electric Company (US)

  • Eaton Corporation PLC (Ireland)

  • Schneider Electric SE (France)

  • EPCOS AG (Germany)

  • Texas Instruments, Inc. (US)

  • Fairchild Semiconductor International, Inc. (US)

Which region is expected to dominate the market?

By region, the Asia-Pacific Automatic Power Factor Controller market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Automatic Power Factor Controller market growth is mainly attributed to increasing development of infrastructures such as power plants, commercial buildings, and others in China and India coupled with rising industrialization & urbanization, further bolsters the regional market growth. 

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