Automatic Power Factor Controller Market Industry Size, Share & Key Drivers 2024

Global Automatic Power Factor Controller Market: Overview

The ratio of actual load power and apparent load power is the power factor. It makes sure the conversion of current to the effective output and the efficiency that can be achieved with a certain amount of power supply. An electrical system includes various automatic power factor controller and load power, which is used to centralized power compensation at the point of electrical power distribution. They are extensively used in various industries such as defense, utility, manufacturing, enterprise, and commercial. Automatic power factor controller is needed in computer peripherals, computers, and graphics power units (GPU) were turning off switches minimizes the power supply and hence efficient power supply is provided to these devices. The installation of this device reduces power consumption and hence decreases electricity costs. Utility industries such as power plants where transformers need reactive power factor and reduction in power losses are one of the significant functions.

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Global Automatic Power Factor Controller Market: Growth Factors

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 cost, saves power, and manages power factor; 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 future.

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Global Automatic Power Factor Controller Market: Segmentation

The global automatic power factor controller market is classified based on the component as microcontrollers, relays, resistors, displays, capacitors, and switches. On the basis of type, the global market is categorized as passive APFCs and active APFCs. The global market is further fragmented based on industries as commercial, manufacturing, military, utility, and enterprise.

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Global Automatic Power Factor Controller Market: Regional Analysis

The global automatic power factor controller market is classified based on geography as Asia Pacific, North America, the Middle East & Africa Europe, and Latin America. Asia Pacific is the leading region for automatic power factor controller as higher demand is expected to fuel the global market. However, rising industrialization and urbanization in this region also positively impact the global market. The increase in spending on infrastructure development in Asia pacific is expected to maintain its dominance in the coming future. Automatic power factor controller helps to reduce losses in electric systems and maintain the power factor, thus increasing the demand for power management devices. Some developing countries in Asia Pacific such as South Korea, Japan, India, and China may propel the global automatic power factor controller market.

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Global Automatic Power Factor Controller Market: Competitive Players

Major players operating in the global automatic power factor controller market General Electric Company, Schneider Electric SA, Texas Instruments Inc., EPCOS AG, and Fairchild Semiconductor International, Inc. Other players include On Semiconductor Corporation, Stmicroelectronics N.V., ABB Ltd., Eaton Corporation, Larsen & Toubro Limited, and Crompton Greaves Ltd.

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