NEW YORK, July 2, 2021 /PRNewswire/ —
The automatic power factor controller market is poised to grow by USD 672.30 million during 2021-2025, progressing at a CAGR of over 4% during the forecast period.
Read the 120-page report with TOC on «Automatic Power Factor Controller Market Analysis Report by Product (Active power factor controller and Passive power factor controller), End-user (Process industries and Discrete industries), Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2021-2025″.
The market is driven by government regulations on energy consumption. In addition, the use of software to analyze suitable power factor requirements is anticipated to boost the growth of the automatic power factor controller market.
Governments across the world are introducing various regulations to reduce emissions and minimize energy consumption. This is driving investments in alternative energy projects to meet the growing demand from the industrial sector and reduce the dependence on non-renewable sources. Besides, manufacturing industries are upgrading their existing facilities to reduce power consumption and comply with regulatory norms. All these developments are creating significant demand for automatic power factor controllers, thereby driving the market growth.
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Major Five Automatic Power Factor Controller Companies:
Eaton Corporation Plc
The company offers MV AutoVAR power factor controller.
General Electric Co.
The company offers GEMATIC Series and GEM Series power factor controllers.
Havells India Ltd.
The company offers power factor controllers such as IPFC CS 1003 and IPFC CS 1001.
Hitachi ABB Power Grids
The company offers power factor controller RVC and RVT.
Mitsubishi Electric Corp.
The company offers VAR 6A VAR 12A power factor controllers.
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Automatic Power Factor Controller Market Product Outlook (Revenue, USD Million, 2020-2025)
- Active power factor controller – size and forecast 2020-2025
- Passive power factor controller – size and forecast 2020-2025
Automatic Power Factor Controller Market End-user Outlook (Revenue, USD Million, 2020-2025)
- Process industries – size and forecast 2020-2025
- Discrete industries – size and forecast 2020-2025
Automatic Power Factor Controller Market Geography Outlook (Revenue, USD Million, 2020-2025)
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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