Global Automatic Power Factor Controller Market Industry Trends, Estimation & Forecast, 2018 - 2025

Propel in the growth of the global automatic power factor controller market include implementation of Automatic Power Factor Controller in almost all industries like enterprise, military, manufacturing, commercial, etc. There is also an increasing demand for power management devices in the industries; hence ultimately a need for Automatic Power Factor Controller. There are a number of essential characteristics that also drive the growth of the market such as management of power factor, decrease in electricity expenses, need for inhibiting electronic apparatus from destruction, and power saving.

The power management devices are highly demanding in the industries; this is anticipated to boost the global automatic power factor controller market growth. Additionally, acceptance of the automatic power factor controller has risen across the industries such as enterprise, manufacturing, commercial, military, and utility, which may foster the global market growth in the near future. They provide some advantages such as reduce electricity costs, saves power, and manages power factors; hence, its advantages are influencing the global automatic power factor controller market in a positive way. This controller saves electrical equipment from getting damaged; this is anticipated to drive the global market in the future.

The automatic Power Factor Controller market worldwide is projected to grow by US$1.4 billion, driven by a compounded growth of 4.4%. Active APFC,

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On the basis of component, the global automatic power factor controller market is classified as Relays, Capacitors, Displays, Microcontrollers, Switches, and Resistors. basis of industry, the global market is classified as Manufacturing, Utility, Commercial, Enterprise, and Military. The Utility Industry dominated the largest share of the global market in 2015 and is also anticipated to grow at the highest rate during the forecast period. The factors that attribute to the growth of this sector are reduction in power loss in the distribution system, the superiority of reactive power, and safeguarding the electronic devices from destruction. Moreover, the Utility Industry also is also determined to enhance the power factor.

The global market is classified as North America, Europe, Asia Pacific, and Rest of the World. The North American region is projected to dominate the major share of the global market in 2016. The major share of North America can be owed to the existence of prominent players of Automatic Power Factor Controller in the region. On the other hand, the Asia Pacific region is projected to be the fastest-growing market. The factors that attribute to the fast growth of the Asia Pacific region are rising industrialization, urbanization, and a rise in infrastructure improvement. The Asia Pacific region comprises countries such as India, South Korea, China, and Japan.

Prominent players that fuel the growth of the global automatic power factor controller market include ABB Ltd., Crompton Greaves Ltd., EPCOS AG, Eaton Corporation, Fairchild Semiconductor International, Inc., General Electric Company, Larsen & Toubro Limited, On Semiconductor Corporation, Schneider Electric Sa, STMicroelectronics N.V., and Texas Instruments Inc.

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