The automatic power factor controller market is projected to grow at a CAGR of 5.15% to reach US$5.101 billion by 2024, from US$3.773 billion in 2018. The growing global focus on optimizing energy consumption is resulting in the growth of the automatic power factor market on account of its ability to significantly reduce energy loss. Moreover, since it tends to manage electricity more efficiently, it tends to increase the durability of an electrical equipment, which is further boosting the growth of the automatic power factor controller market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the automatic power factor controller value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the automatic power factor controller market.
Major industry players profiled as part of the report are Schneider Electric, ABB, General Electric Compnay, and ON Semiconductor among others.
The automatic power factor controller market has been analyzed through following segments:
Active Automatic Power Factor Controller
Passive Automatic Power Factor Controller
By Industry Vertical
Middle East and Africa