The automatic power factor controller (APFC) has been widely adopted in various industries such as manufacturing, utility, commercial, and enterprise, among others due to its high reliability and high efficiency to control the power factor of electric systems. APFCs reduce the power consumption and also lower the harmonics in the currents to protect electronic devices from damage is a major driving factor for the growth of the global APFC market. The global APFC market is estimated to grow at a CAGR of 4.6% during the forecast period. The major key players in APFC market are ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation (Ireland), Schneider Electric SE (France), and EPCOS AG (Germany).
ABB Ltd. (Switzerland) is a major technology provider in the field of power and automation worldwide. Recently, it has launched modular capacitors for panel builders which are designed for direct installation in low-voltage panels, switchboards, and power factor correction equipment. These product launches enhance the product efficiency and also protect electronic equipment from damage. This would increase the need for such products in industrial and commercial applications that results in the growth of automatic power factor controller market globally.
General Electric (U.S.) focuses on enhancing partnerships and new product launches & developments as key strategies for the growth and increase the product portfolio. These strategies strengthen the company position in the global market. For instance, in 2015, the company acquisition of Alstom's (France) Grid business increases the product portfolio of the GE’s digital energy segment and form Grid solution. This significantly increases the sales and market revenue of the company. Additionally, the company launched CLP0224FP and CLP0112FP AC-to-DC power supply module which provides reliable and energy-efficient power for enhancing network performance. The product would help to build high-quality designs for range of communications, computing, data storage, and industrial applications. These all new launches would lead the company toward high growth and increase its customer base all over the world.
The other company involved in the automatic power factor controller market includes Texas Instruments, Inc. (U.S.), Fairchild Semiconductor International, Inc. (U.S.), ON Semiconductor Corporation (U.S.), STMicroelectronics N.V. (Switzerland), Crompton Greaves Ltd. (India) and Larsen & Toubro Limited (India), among others.
Automatic Power Factor Controller Market by Type (Active APFC and Passive APFC), Component (Relays, Capacitors, Displays, Microcontrollers, Switches, and Resistors), Industry and Geography - Global Forecast to 2022
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