Top North America Power Factor Correction Companies

The North America power factor correction (PFC) market is projected to reach USD 999.1 million by 2030 from an estimated USD 734.2 million in 2025, at a CAGR of 6.2% during the forecast period (2025–2030). The PFC market is flourishing in the North American region due to rising demand for electricity, stringent energy regulations, and the need to reduce operational costs in industries such as manufacturing, oil & gas, and HVAC. Automatic PFC systems, particularly those using capacitors and intelligent controllers, are gaining traction for their ability to dynamically manage reactive power and minimize energy losses. The integration of smart grid technologies and digital solutions is enhancing the adoption of advanced PFC systems, ensuring reliable and efficient power distribution across North America. The US leads the region with the fastest growth, supported by rapid industrialization, infrastructure upgrades, and government initiatives promoting sustainable energy practices.

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The key players are following various strategies to grow and expand their presence in the market. Eaton Corporation plc (Ireland), GE Vernova (US), Schneider Electric (France), ABB (Switzerland), and Gentec (Canada) are undertaking collaborations, investments, announcements and partnerships.

Schneider Electric is one of the leading companies offering energy and automation digital solutions. The company provides energy and real-time automation technologies, software, and services to address the requirements of homes, buildings, data centers, infrastructure, and industries. It carries out its operations through two business segments: Energy Management and Industrial Automation. The company provides power factor correction systems through its Energy Management segment. The Energy Management segment offers a comprehensive portfolio of PFC solutions, including capacitors, controllers, and integrated systems, designed to enhance power quality and efficiency. Schneider Electric provides these solutions through various divisions, such as Low Voltage Products, Medium Voltage Systems, and Energy Efficiency Services, catering to industries like manufacturing and oil & gas. The Services division ensures reliable maintenance, upgrades, and smart solutions for long-term performance. Schneider Electric maintains a significant presence in the North America PFC market, driven by its commitment to sustainability and energy optimization. The company has a strong presence across North America.

Eaton is a power management company dedicated to protecting the environment and improving the quality. The company serves various sectors including residential, commercial, institutional, industrial, utilities, data centers, oil & gas, mining, automotive, power generation, and aerospace. The company is categorized into five business segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, and Mobility. Electrical Americas offers power factor correction systems to its customers. Geographically, Eaton has its operations in over 175 countries. It has a vast production, research, and service network in North America, underpinning its strength in the market.

Market Ranking:

The North America power factor correction market is moderately competitive, with five major players together accounting for 31–36% of the total market share. At the forefront, Schneider Electric stands out with its extensive product portfolio and strong presence in the industrial automation and energy management sectors. In close contention is ABB, which makes full use of its strengths in power quality solutions and long-standing projects in the utilities and oil & gas industries. Eaton and GE Vernova hold competitive positions through their ongoing innovations and diverse offerings in PFC technologies, particularly in industrial, commercial, and data center applications.

The remaining 64–69% consists of smaller, local manufacturers and small regional players, many of them targeting some niche areas or offering quite competitive solutions in the developing economies. The competition is intensifying in North America, driven by rapid industrial growth, increasing demand for energy-efficient technologies, and stricter energy conservation regulations.

Related Reports:

North America Power Factor Correction Market by Reactive Power (0–200 KVAr, 200–500 KVAr, 500–1,500 KVAr, Above 1,500 KVAr), Type (Automatic, Fixed), Sales Channel (Distributors, OEM Direct), Application, and Region - Global Trends & Forecast to 2030

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