Automatic Power Factor Controller Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR43932
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The automatic power factor controller market has the potential to grow by USD 672.30 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.87%.

This automatic power factor controller market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (active power factor controller and passive power factor controller), end-user (process industries and discrete industries), and geography (APAC, North America, Europe, South America, and MEA). The automatic power factor controller market report also offers information on several market vendors, including Eaton Corporation Plc, General Electric Co., Havells India Ltd., Hitachi ABB Power Grids, Mitsubishi Electric Corp., ON Semiconductor Corp., Schneider Electric SE, STMicroelectronics NV, Texas Instruments Inc., and WEG Equipamentos Eletricos SA among others.

What will the Automatic Power Factor Controller Market Size be in 2021?

Automatic-Power-Factor-Controller-Market-Market-Size-2020-2025

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Automatic Power Factor Controller Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The upgradation of industrial facilities to improve energy efficiency is notably driving the automatic power factor controller market growth, although factors such as high cost of active and high voltage power factor controllers may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automatic power factor controller market get your FREE report sample now.

This automatic power factor controller market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Automatic Power Factor Controller Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Eaton Corporation Plc
  • General Electric Co.
  • Havells India Ltd.
  • Hitachi ABB Power Grids
  • Mitsubishi Electric Corp.
  • ON Semiconductor Corp.
  • Schneider Electric SE
  • STMicroelectronics NV
  • Texas Instruments Inc.
  • WEG Equipamentos Eletricos SA

 

The automatic power factor controller market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automatic power factor controller market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automatic Power Factor Controller Market?

Automatic-Power-Factor-Controller-Market-Market-Share-by-Region-2020-2025

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52% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automatic power factor controllers in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The use of software to analyze suitable power factor requirements will facilitate the automatic power factor controller market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Automatic Power Factor Controller Market?

Automatic-Power-Factor-Controller-Market-Market-Share-by-Product-2020-2025

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The automatic power factor controller market share growth by the active power factor controller segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automatic power factor controller market size.

 

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What are the Key Factors Covered in this Automatic Power Factor Controller Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automatic power factor controller market growth during the next five years
  • Precise estimation of the automatic power factor controller market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automatic power factor controller market across APAC, North America, Europe, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automatic power factor controller market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automatic power factor controller market growth will increase by $782.87 million during 2019-2024.
The automatic power factor controller market is expected to grow at a CAGR of 3.80% during 2019-2024.
Technavio has segmented the automatic power factor controller market by product (Active power factor controller and Passive power factor controller) ,end user (Process industries and Discrete industries) , and geographic (APAC, North America, Europe, South America, and MEA).
ABB Ltd., Eaton Corp. Plc, General Electric Co., Havells India Ltd., Mitsubishi Electric Corp., ON Semiconductor Corp., Schneider Electric SE, STMicroelectronics NV, Texas Instruments Inc., WEG Equipamentos Eletricos SA are a few of the key vendors in the automatic power factor controller market.
APAC will register the highest growth rate of 45.74% among the other regions. Therefore, the automatic power factor controller market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automatic power factor controller market growth are:
  • Upgrading industrial facilities to improve energy efficiency
  • Increasing use of PIC microcontrollers in automatic power factor controllers
The automatic power factor controller market vendors should focus on grabbing business opportunities from the active power factor controller segment as it accounted for the largest market share in the base year.
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