Market Overview
According to DIResearch＇s in-depth investigation and research, the global Power Factor Correction Devices market size will reach 8,258.95 Million USD in 2025 and is projected to reach 11,863.48 Million USD by 2032, with a CAGR of 5.31% (2025-2032). Notably, the China Power Factor Correction Devices market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
Power factor correction devices are electrical components or systems designed to improve the power factor in electrical systems. The power factor is a measure of how effectively electrical power is being converted into useful work output. A low power factor can result in inefficient energy use and increased energy costs. Power factor correction devices work by adjusting the electrical characteristics of the system, typically by introducing capacitors to offset inductive loads and reduce reactive power. This correction helps to bring the power factor closer to unity (1.0), indicating a more efficient use of electrical power. Power factor correction is particularly relevant in industrial and commercial settings where large motors, transformers, and other inductive loads are common, as it can lead to energy savings, reduced electricity costs, and improved overall electrical system efficiency.
The major global suppliers of Power Factor Correction Devices include ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Xian XD Power, Hubbell, Guilin Power Capacitor, Herong Electric, Shizuki Electric, Sieyuan Electric, Ducati Energia, Rongxin Power Electronic, Socomec, Iskra, ICARHangzhou Yinhu Electric, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Power Factor Correction Devices. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major suppliers, as well as the market status and trends of different product types and applications in the global Power Factor Correction Devices market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Power Factor Correction Devices market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Power Factor Correction Devices industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Suppliers of Power Factor Correction Devices Include:
ABB
Schneider
Siemens
Eaton
GE Grid Solutions
NISSIN ELECTRIC
Xian XD Power
Hubbell
Guilin Power Capacitor
Herong Electric
Shizuki Electric
Sieyuan Electric
Ducati Energia
Rongxin Power Electronic
Socomec
Iskra
ICARHangzhou Yinhu Electric
Power Factor Correction Devices Product Segment Include:
Power Capacitor
AC Reactor
Active Power Filter
Others
Power Factor Correction Devices Product Application Include:
Commercial Utility
Industrial Utility
Public Power Supply
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Power Factor Correction Devices Industry PESTEL Analysis
Chapter 3: Global Power Factor Correction Devices Industry Porter's Five Forces Analysis
Chapter 4: Global Power Factor Correction Devices Major Regional Market Size (Revenue) and Forecast Analysis
Chapter 5: Global Power Factor Correction Devices Competitive Analysis of Key Suppliers (Revenue, Market Share, Regional Distribution and Industry Concentration)
Chapter 6: Global Power Factor Correction Devices Revenue and Forecast Analysis by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Revenue and Gross Margin)
Chapter 8: Industrial Chain Analysis, Power Factor Correction Devices Different Application Market Analysis (Revenue and Forecast) and Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
- 1 Power Factor Correction Devices Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Power Factor Correction Devices Product by Type
- 1.2.1 Power Capacitor
- 1.2.2 AC Reactor
- 1.2.3 Active Power Filter
- 1.2.4 Others
- 1.3 Power Factor Correction Devices Product by Application
- 1.3.1 Commercial Utility
- 1.3.2 Industrial Utility
- 1.3.3 Public Power Supply
- 1.4 Global Power Factor Correction Devices Market Size Analysis (2020-2032)
- 1.5 Power Factor Correction Devices Market Development Status and Trends
- 1.5.1 Power Factor Correction Devices Industry Development Status Analysis
- 1.5.2 Power Factor Correction Devices Industry Development Trends Analysis
- 2 Power Factor Correction Devices Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Power Factor Correction Devices Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Power Factor Correction Devices Market Analysis by Country
- 4.1 Global Power Factor Correction Devices Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Power Factor Correction Devices Revenue Analysis by Country (2020-2025)
- 4.1.2 Global Power Factor Correction Devices Revenue Forecast Analysis by Country (2026-2032)
- 4.2 United States Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.3 Germany Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.4 Japan Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.5 China Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.6 France Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.7 U.K. Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.8 South Korea Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.9 Canada Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.10 Italy Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.11 Russia Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.12 Mexico Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.13 Brazil Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.14 India Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.15 Vietnam Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.16 Thailand Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 4.17 South Africa Power Factor Correction Devices Market Revenue and Growth Rate (2020-2032)
- 5 Competition by Suppliers
- 5.1 Global Power Factor Correction Devices Market Revenue by Key Suppliers (2021-2025)
- 5.2 Power Factor Correction Devices Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Power Factor Correction Devices Competitive Landscape Analysis
- 5.2.2 Global Key Suppliers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Power Factor Correction Devices Market Analysis by Type
- 6.1 Global Power Factor Correction Devices Market Size Analysis by Type: 2024 VS 2025 VS 2032
- 6.2 Global Power Factor Correction Devices Revenue and Forecast Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 ABB
- 7.1.1 ABB Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 ABB Power Factor Correction Devices Product Portfolio
- 7.1.3 ABB Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.2 Schneider
- 7.2.1 Schneider Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 Schneider Power Factor Correction Devices Product Portfolio
- 7.2.3 Schneider Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.3 Siemens
- 7.3.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Siemens Power Factor Correction Devices Product Portfolio
- 7.3.3 Siemens Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.4 Eaton
- 7.4.1 Eaton Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Eaton Power Factor Correction Devices Product Portfolio
- 7.4.3 Eaton Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.5 GE Grid Solutions
- 7.5.1 GE Grid Solutions Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 GE Grid Solutions Power Factor Correction Devices Product Portfolio
- 7.5.3 GE Grid Solutions Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.6 NISSIN ELECTRIC
- 7.6.1 NISSIN ELECTRIC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
- 7.6.3 NISSIN ELECTRIC Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.7 Xian XD Power
- 7.7.1 Xian XD Power Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Xian XD Power Power Factor Correction Devices Product Portfolio
- 7.7.3 Xian XD Power Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.8 Hubbell
- 7.8.1 Hubbell Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 Hubbell Power Factor Correction Devices Product Portfolio
- 7.8.3 Hubbell Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.9 Guilin Power Capacitor
- 7.9.1 Guilin Power Capacitor Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
- 7.9.3 Guilin Power Capacitor Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.10 Herong Electric
- 7.10.1 Herong Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Herong Electric Power Factor Correction Devices Product Portfolio
- 7.10.3 Herong Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.11 Shizuki Electric
- 7.11.1 Shizuki Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Shizuki Electric Power Factor Correction Devices Product Portfolio
- 7.11.3 Shizuki Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.12 Sieyuan Electric
- 7.12.1 Sieyuan Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.12.2 Sieyuan Electric Power Factor Correction Devices Product Portfolio
- 7.12.3 Sieyuan Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.13 Ducati Energia
- 7.13.1 Ducati Energia Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.13.2 Ducati Energia Power Factor Correction Devices Product Portfolio
- 7.13.3 Ducati Energia Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.14 Rongxin Power Electronic
- 7.14.1 Rongxin Power Electronic Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.14.2 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
- 7.14.3 Rongxin Power Electronic Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.15 Socomec
- 7.15.1 Socomec Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.15.2 Socomec Power Factor Correction Devices Product Portfolio
- 7.15.3 Socomec Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.16 Iskra
- 7.16.1 Iskra Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.16.2 Iskra Power Factor Correction Devices Product Portfolio
- 7.16.3 Iskra Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 7.17 ICARHangzhou Yinhu Electric
- 7.17.1 ICARHangzhou Yinhu Electric Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.17.2 ICARHangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
- 7.17.3 ICARHangzhou Yinhu Electric Power Factor Correction Devices Market Data Analysis (Revenue, Gross Margin and Market Share) (2021-2025)
- 8 Industry Chain Analysis
- 8.1 Power Factor Correction Devices Industry Chain Analysis
- 8.2 Power Factor Correction Devices Product Downstream Application Analysis
- 8.2.1 Global Power Factor Correction Devices Market Size and Growth Rate (CAGR) by Application: 2024 VS 2025 VS 2032
- 8.2.2 Global Power Factor Correction Devices Revenue and Forecast by Application (2020-2032)
- 8.3 Power Factor Correction Devices Typical Downstream Customers
- 8.4 Power Factor Correction Devices Sales Channel Analysis
- 9 Research Findings and Conclusion
- 10 Methodology and Data Source
- 10.1 Methodology/Research Approach
- 10.2 Research Scope
- 10.3 Benchmarks and Assumptions
- 10.4 Date Source
- 10.4.1 Primary Sources
- 10.4.2 Secondary Sources
- 10.5 Data Cross Validation
- 10.6 Disclaimer
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