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Global Automatic Power Factor Controller Market 2017-2021

Global Automatic Power Factor Controller Market 2017-2021

About Automatic Power Factor Controller

Automatic power factor controllers use an automatic capacitor recognition mode to operate and are mainly used to maintain an ideal power factor under fluctuating load and voltage conditions. These controllers help in increasing the efficiency and reducing the energy consumption by avoiding voltage fluctuation and wastage of energy, which could occur if the power is not allocated optimally. Automatic power factor controllers are used to maintain a suitable power factor under fluctuating voltage and load conditions. In addition, most devices come with step switching and step protection features, making these controllers more suitable for the end-user industries.

Technavio’s analysts forecast the global automatic power factor controller market to grow at a CAGR of 4.64% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automatic power factor controller market for 2017-2021. To calculate the market size, the report considers the new installations, retrofit, and replacement.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automatic Power Factor Controller Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • General Electric
  • ON Semiconductor
  • STMicroelectronics
  • Texas Instruments
Other prominent vendors
  • Ab Power System Solution
  • Dynamic Control Systems
  • Eaton
  • Havells
  • LOVATO Electric
  • REM Electromach
  • Schneider Electric
  • Serwel Electronics
  • Socomec
  • Techno Power Systems
  • Vicor Corporation
Market driver
  • Upgrading industrial facilities to improve energy efficiency
  • For a full, detailed list, view our report
Market challenge
  • High cost of active and high voltage power factor controllers
  • For a full, detailed list, view our report
Market trend
  • Need for process automation
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Automatic Power Factor Controller Market 2017-2021

Technavio recognizes the following companies as the key players in the global automatic power factor controller market: ABB, General Electric, ON Semiconductor, STMicroelectronics, and Texas Instruments.

Other Prominent Vendors in the market are: Ab Power System Solution, Dynamic Control Systems, Eaton, Havells, LOVATO Electric, REM Electromach, Schneider Electric, Serwel Electronics, Socomec, Techno Power Systems, and Vicor Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is need for process automation. All industries are upgrading their existing components and machinery within their facilities to improve the efficiency and achieve maximum output. Automation reduces human interference within a manufacturing facility, leading to decrease in downtime. With the help of IoT, managers and supervisors can collect data of each process and functioning of each machinery. These data can be used in making analytical models, which are used to improve the operational capacity of a facility. This helps in decreasing the workforce and operational cost of a manufacturing facility.”

According to the report, one of the major drivers for this market is Upgrading industrial facilities to improve energy efficiency. One of the major reasons for growth in the global automatic power factor controller market is the increasing need for energy efficiency in the end-user industries. Most process and discrete industries incur high energy expenses. With the help of automatic power factor controllers, these industries can optimally use the resources, thereby improving the energy efficiency and reducing the expenses. Automatic power factor controllers help in achieving a high power factor and ensure smooth operations even under fluctuating load conditions.

Further, the report states that one of the major factors hindering the growth of this market is High cost of active and high voltage power factor controllers. The price of active and high voltage automatic power factor controllers is one of the main reasons, which is restricting many end-users from installing these products. Active power factor controllers are expensive, but highly efficient, due to which only big companies can afford to purchase and maintain them. SMEs prefer passive power factor controllers as these are economical. However, the efficiency of these products is less than that of active power factor controllers. The manufacturing cost of automatic power factor controllers is high due to the components used, such as capacitors, microcontrollers, resistors, and displays in few models, which, in turn, affects the pricing strategy of active and high voltage power factor controllers.

Companies Mentioned

ABB, General Electric, ON Semiconductor, STMicroelectronics, Texas Instruments, Ab Power System Solution, Dynamic Control Systems, Eaton, Havells, LOVATO Electric, REM Electromach, Schneider Electric, Serwel Electronics, Socomec, Techno Power Systems, and Vicor Corporation.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Market segmentation
      • Table Global automatic power factor controller market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global automatic power factor controller market segmentation by product
      • Table Global automatic power factor controller market segmentation by product 2016 and 2021 (% share)
    • Global active power factor controller market
      • Table Global active power factor controller market 2016-2021 ($ millions)
      • Table Advantages of active power factor controllers
    • Global passive power factor controller market
      • Table Global passive power factor controller market 2016-2021 ($ millions)
      • Table Advantages of passive power factor controllers
  • Market segmentation by end-user
    • Global automatic power factor controller market segmentation by end-user
      • Table Global automatic power factor controller market segmentation by end-user 2016 and 2021 (% share)
      • Table Use of automatic power factor controllers in end-user industries
    • Global automatic power factor controller market in process industries
      • Table Global automatic power factor controller market in process industries 2016-2021 ($ millions)
    • Global automatic power factor controller market in discrete industries
      • Table Global automatic power factor controller market in discrete industries 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Automatic power factor controller market by geographical segmentation 2016 and 2021 (% share)
    • Automatic power factor controller market in APAC
      • Table Automatic power factor controller market in APAC 2016-2021 ($ millions)
      • Table Key investments in APAC
    • Automatic power factor controller market in EMEA
      • Table Automatic power factor controller market in EMEA 2016-2021 ($ millions)
      • Table Key investments in EMEA
    • Automatic power factor controller market in Americas
      • Table Automatic power factor controller market in Americas 2016-2021 ($ millions)
      • Table Key investments in Americas
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing use of PIC microcontrollers in APFC
    • Need for process automation
    • Use of energy efficient solutions
  • Vendor landscape
    • Competitive scenario
      • Table Impact of competitors on global automatic power factor controller market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business segments
      • Table ABB: Product portfolio
      • Table ABB: Key news
    • General Electric
      • Table General Electric: Business segments
      • Table General Electric: Product portfolio
      • Table General Electric: Key news
    • ON Semiconductor
      • Table ON Semiconductor: Business segments
      • Table ON Semiconductor: Product portfolio
      • Table ON Semiconductor: Key news
    • STMicroelectronics
      • Table STMicroelectronics: Business segments
      • Table STMicroelectronics: Product portfolio
      • Table STMicroelectronics: Key news
    • Texas Instruments
      • Table Texas Instruments: Business segments
      • Table Texas Instruments: Product portfolio
      • Table Texas Instruments: Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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