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The power factor correction (PFC) control IC market size is forecast to increase by USD 368836.6 thousand, at a CAGR of 6.5% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market showcases a dynamic and evolving landscape, driven by the expanding applications across various sectors. PFC technology, a crucial component in ensuring power efficiency and regulatory compliance, is increasingly sought after in servers, lighting, and industrial equipment. Buck-boost PFC, an advanced PFC topology, is gaining traction due to its ability to provide constant output voltage and current despite input voltage variations. PFC research continues to push the boundaries of innovation, with ongoing advancements in PFC circuit design, PFC controller development, and PFC compensation techniques. PFC testing plays a pivotal role in ensuring the reliability and efficiency of these solutions, while PFC standards and regulations shape the industry landscape.
PFC market growth is fueled by the increasing demand for energy-efficient solutions and stringent regulatory requirements. The market is expected to witness significant expansion in the coming years, driven by the continuous unfolding of market activities and evolving patterns. PFC innovation is not limited to control ICs alone; PFC suppliers, distributors, and manufacturers are also investing in research and development to provide comprehensive PFC solutions. Active PFC and passive PFC, two primary PFC types, cater to different application requirements, further expanding the market scope. The future of PFC technology lies in its ability to adapt to emerging trends, such as renewable energy integration and the Internet of Things (IoT).
PFC market forecasts indicate a promising future, with growth opportunities arising from these developments. PFC thd (total harmonic distortion) reduction and PFC efficiency optimization are critical factors influencing the market, as industries strive for more energy-efficient and environmentally friendly solutions. PFC design and PFC output current optimization are essential aspects of this ongoing innovation. In conclusion, the PFC control IC market exhibits a continuous and evolving nature, with applications spanning various sectors and ongoing research and development driving growth and innovation. The market's dynamic landscape is shaped by regulatory requirements, technological advancements, and industry trends.
The power factor correction (pfc) control ic industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD thousand" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The boost converter segment is estimated to witness significant growth during the forecast period.
Power Factor Correction (PFC) systems are essential in managing power efficiently and ensuring a stable output in single-phase applications. Boost converters, a type of DC-DC converter, play a significant role in PFC systems due to their ability to step up input voltages and improve power factor. These converters are particularly valuable in energy-sensitive applications, where maximizing power efficiency and minimizing strain on power sources are crucial. The global push for energy efficiency and the increasing demand for reliable power management in high-performance electronics have driven the growth of the boost converter market. In the realm of PFC applications, servers are a notable sector, as they require a consistent power supply and efficient voltage regulation.
Buck-boost PFC circuits, which combine the functions of a buck and a boost converter, offer additional flexibility in managing input and output voltages. PFC research continues to advance, with innovations in topology, circuit design, and controller technology. Flyback PFC, for instance, offers higher efficiency and simpler design compared to traditional PFC circuits. PFC standards and regulations, such as THD (Total Harmonic Distortion) limits, ensure compliance with industry norms and protect against potential harm. PFC testing is a critical aspect of the development process, ensuring the efficiency, reliability, and safety of PFC circuits. The PFC industry is diverse, with various manufacturers, distributors, and suppliers catering to the market.
Active PFC solutions, which actively correct power factor, are increasingly popular due to their ability to minimize harmonic distortion and improve power efficiency. Passive PFC solutions, on the other hand, rely on passive components to correct power factor. Both solutions have their merits and are used depending on the specific application requirements. The PFC market is expected to grow significantly in the coming years, driven by the increasing demand for energy-efficient solutions and the need for reliable power management in various industries, including lighting. The market trends reflect the ongoing efforts to improve PFC technology, increase efficiency, and reduce costs.
As the PFC market evolves, it continues to play a vital role in ensuring the efficient and reliable delivery of power in modern electronics.
The Boost converter segment was valued at USD 510.13 thousand in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The PFC control IC market in the Asia-Pacific region experiences significant growth due to the industrial sector's robust expansion and the emphasis on sustainable energy and automation. In 2023, China's industrial production witnessed a steady increase, particularly in sectors focusing on intelligent and green transformation. The value-added industrial output rose by 6.8% year-on-year, with solar batteries (54%), new energy vehicles (30.3%), and power generation equipment (28.5%) showing remarkable growth. This surge is driven by China's commitment to sustainable energy and industrial automation, consequently fueling the demand for power factor correction (PFC) control ICs. These components are crucial for energy-efficient systems, making them indispensable in the region's industrial evolution.
India is also progressing towards Industry 4.0, further increasing the demand for PFC control ICs in various applications, including servers, lighting, and power conversion systems. Innovations in PFC topologies, such as buck-boost and flyback, contribute to the market's growth, ensuring higher efficiency and compliance with stringent regulations. The market's future looks promising, with ongoing research and development efforts aimed at enhancing PFC circuit performance and reducing ripple. The industry's growth is further supported by the increasing adoption of active PFC and passive PFC solutions, as well as the development of advanced PFC controllers and certification standards.
The market's size is expected to expand as PFC control ICs become increasingly essential for energy-efficient systems and industrial applications.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The power factor correction (PFC) control IC market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the power factor correction (PFC) control IC market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, power factor correction (PFC) control IC market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Analog Devices Inc. - The company specializes in providing power factor correction control Integrated Circuits (ICs), including the LT1249, LT1248, and LT1105 models, among others.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Power Factor Correction (PFC) Control IC Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
215 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.5% |
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Market growth 2024-2028 |
USD 368836.6 thousand |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.3 |
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Key countries |
US, China, Japan, Germany, India, France, Canada, South Korea, UK, and Taiwan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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