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

The North America power factor correction 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). Rising energy costs and stringent regulations are pushing industries like manufacturing, oil & gas, and HVAC to adopt advanced PFC solutions, such as capacitors and automatic control systems, to minimize reactive power, reduce energy losses, and enhance system reliability.

“OEM direct is expected to be the fastest-growing segment during the forecast period.”

The OEM direct segment is projected to register the highest growth in the North America power factor correction market due to its role in delivering tailored, energy-efficient solutions directly to manufacturers. With rapid industrial growth in sectors like oil & gas, manufacturing, and water treatment, OEMs are increasingly integrating advanced PFC technologies into their equipment to meet energy efficiency standards, reduce operational costs, and improve power quality, thereby driving segment growth.

“Automatic segment to be largest type in North America power factor correction market”

The automatic segment is anticipated to lead the overall power factor correction market in the North America due to its ability to dynamically adjust power factor in real-time, ensuring optimal energy efficiency across various industries. Automatic systems, such as capacitor banks with intelligent controllers, are widely adopted in sectors like oil & gas, manufacturing, and HVAC, where they minimize reactive power, reduce energy losses, and enhance system reliability, making them a preferred choice for modern power management.

“US to register highest CAGR in North America power factor correction market”

The US is projected to be the fastest-growing power factor correction market in the North America region driven by rapid industrialization, infrastructure development, and a strong focus on energy efficiency. The increasing demand for power quality in industries such as manufacturing, mining, and water treatment, along with supportive government initiatives promoting energy conservation, is fueling the adoption of advanced power factor correction solutions across the country.

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%

By Designation: C-Level - 35%, Director Levels - 25%, and Others - 40%

Note 1: Others include sales managers, engineers, and regional managers.

Note 2: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.

Eaton Corporation plc (Ireland), GE Vernova (US), Schneider Electric (France), ABB (Switzerland), and Gentec (Canada) are some of the key players in the North America power factor correction market.

The study includes an in-depth competitive analysis of these key players in the North America power factor correction market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the North America power factor correction market by type (Automatic, Fixed), by sales channel (Distributors, OEM direct), by reactive power (0–200 KVAr, 200–500 KVAr, 500–1,500 KVAr, Above 1500 KVAr), by application (Industrial, Renewable, Commercial, Data Center, and EV Charging), and by region (North America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the North America power factor correction market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies such as contracts, investments, partnerships, collaborations, joint ventures, agreements, new product & service launches, and mergers & acquisitions; and recent developments associated with the North America power factor correction market.

Key Benefits of Buying the Report

• Analysis of key drivers (Increasing investments in clear energy projects, Rising deployment of low-voltage PFC systems in industrial facilities), restraints (High initial installation cost of PFC systems), opportunities (Introduction of incentive schemes by governments for adopting energy saving technologies, Growing inclination toward smart grid deployment, Elevating demand for electric vehicles), and challenges (Complexities associated with integrating PFC systems into existing infrastructure) influencing the growth of the power factor correction market.
• Product Development/Innovation: With a focus on energy efficiency and regulatory compliance, manufacturers in North America are advancing power factor correction (PFC) technologies. Companies are innovating by developing high-performance capacitors and control systems designed to meet the specific needs of the region’s industrial and commercial sectors. These advancements aim to enhance power quality, reduce energy losses, and integrate seamlessly with modern infrastructure, driving broader adoption in applications like manufacturing and HVAC systems during the forecast period.
• Market Diversification: In August 2023, Eaton invested over USD 500 million to increase the manufacturing of electrical solutions and meet the surging demand for these solutions from the North American industries. This substantial investment aims to expedite the energy transition and digitalization in utilities, commercial, healthcare, industrial, and residential sectors.
• Market Development: The power factor correction market is driven by increasing emphasis on energy efficiency, regulatory compliance, and sustainable power management. Supportive government policies promoting reduced energy consumption and the rising adoption of PFCs in industrial and commercial applications, such as oil & gas and manufacturing are driving the power factor correction market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as Eaton Corporation plc (Ireland), GE Vernova (US), Schneider Electric (France), ABB (Switzerland), and Gentec (Canada), among others, in the North America power factor correction market.

Tables List

Table 1 Inclusions And Exclusions, By Reactive Power

Table 2 Inclusions And Exclusions, By Type

Table 3 Inclusions And Exclusions, By Sales Channel

Table 4 Inclusions And Exclusions, By Application

Table 5 North America Power Factor Correction Market Snapshot

Table 6 Role Of Companies In North America Power Factor

Correction Ecosystem

Table 7 World Gdp Growth Projection, 2021–2028 (Usd Trillion)

Table 8 Manufacturing Value Added (% Of Gdp), 2023

Table 9 Electricity Production, By Country, 2023 (Twh)

Table 10 Power Factor Correction Market: List Of Major Patents, 2021–2024

Table 11 Export Scenario For Hs Code 8532-compliant Products,

By Country, 2021–2023 (Usd Thousand)

Table 12 Import Scenario For Hs Code 8532-compliant Products,

By Country, 2021–2023 (Usd Thousand)

Table 13 North America Power Factor Correction Market:

List Of Conferences And Events, 2024–2025

Table 14 Indicative Pricing Trend Of Capacitor Banks Used In Power

Factor Correction, By Reactive Power, 2023 (Usd Per Unit)

Table 15 Average Selling Price Trend Of Power Factor Correction System,

By Region, 2021–2023 (Usd Per Unit)

Table 16 Import Tariff For Hs Code 8532-compliant Products, 2023

Table 17 North America: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 18 North America Power Factor Correction Regulations,

By Regulatory Body

Table 19 North America Power Factor Correction Regulations, By Country

Table 20 North America Power Factor Correction Market: Impact

Of Porter’s Five Forces

Table 21 Influence Of Key Stakeholders On Buying Process

For Top 3 Applications (%)

Table 22 Key Buying Criteria For Top 3 Applications

Table 23 North Power Factor Correction Market, By Reactive Power,

2021–2023 (Usd Million)

Table 24 North America Power Factor Correction Market, By Reactive

Power, 2024–2030 (Usd Million)

Table 25 North Power Factor Correction Market, By Reactive Power,

2021–2023 (Units)

Table 26 North America Power Factor Correction Market, By Reactive

Power, 2024–2030 (Units)

Table 27 0–200 Kvar: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 28 0–200 Kvar: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 29 200–500 Kvar: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 30 200–500 Kvar: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 31 500–1,500 Kvar: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 32 500–1,500 Kvar: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 33 Above 1,500 Kvar: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 34 Above 1,500 Kvar: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 35 North America Power Factor Correction Market, By Type,

2021–2023 (Usd Million)

Table 36 North America Power Factor Correction Market, By Type,

2024–2030 (Usd Million)

Table 37 Automatic: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 38 Automatic: Power Factor Correction Market, By Country,

2024–2030 (Usd Million)

Table 39 Fixed: North America Power Factor Correction Market, By Country, 2021–2023 (Usd Million)

Table 40 Fixed: North America Power Factor Correction Market, By Country, 2024–2030 (Usd Million)

Table 41 North America Power Factor Correction Market, By Sales Channel, 2021–2023 (Usd Million)

Table 42 North America Power Factor Correction Market, By Sales Channel, 2024–2030 (Usd Million)

Table 43 Distributors: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 44 Distributors: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 45 Oem Direct: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 46 Oem Direct: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 47 North America Power Factor Correction Market, By Application,

2021–2023 (Usd Million)

Table 48 North America Power Factor Correction Market, By Application,

2024–2030 (Usd Million)

Table 49 Industrial: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 50 Industrial: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 51 Industrial: North America Power Factor Correction Market,

By End User, 2021–2023 (Usd Million)

Table 52 Industrial: North America Power Factor Correction Market,

By End User, 2024–2030 (Usd Million)

Table 53 Renewable: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 54 Renewable: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 55 Renewable: North America Power Factor Correction Market,

By Source, 2021–2023 (Usd Million)

Table 56 Renewable: Power Factor Correction Market, By Source,

2024–2030 (Usd Million)

Table 57 Commercial: Power Factor Correction Market, By Country,

2021–2023 (Usd Million)

Table 58 Commercial: Power Factor Correction Market, By Country,

2024–2030 (Usd Million)

Table 59 Data Center: Power Factor Correction Market, By Country,

2021–2023 (Usd Million)

Table 60 Data Center: Power Factor Correction Market, By Country,

2024–2030 (Usd Million)

Table 61 Ev Charging: North America Power Factor Correction Market,

By Country, 2021–2023 (Usd Million)

Table 62 Ev Charging: North America Power Factor Correction Market,

By Country, 2024–2030 (Usd Million)

Table 63 North America Power Factor Correction Market, By Reactive Power, 2021–2023 (Usd Million)

Table 64 North America Power Factor Correction Market, By Reactive Power, 2024–2030 (Usd Million)

Table 65 North America Power Factor Correction Market, By Type,

2021–2023 (Usd Million)

Table 66 North America Power Factor Correction Market, By Type,

2024–2030 (Usd Million)

Table 67 North America Power Factor Correction Market, By Sales Channel, 2021–2023 (Usd Million)

Table 68 North America Power Factor Correction Market, By Sales Channel, 2024–2030 (Usd Million)

Table 69 North America Power Factor Correction Market, By Application,

2021–2023 (Usd Million)

Table 70 North America Power Factor Correction Market, By Application,

2024–2030 (Usd Million)

Table 71 North America Power Factor Correction Market For Renewable Applications, By Source, 2021–2023 (Usd Million)

Table 72 North America Power Factor Correction Market For Renewable Applications, By Source, 2024–2030 (Usd Million)

Table 73 North America Power Factor Correction Market For Industrial Applications, By End User, 2021–2023 (Usd Million)

Table 74 North America Power Factor Correction Market For Industrial Applications, By End User, 2024–2030 (Usd Million)

Table 75 North America Power Factor Correction Market, By Country,

2021–2023 (Usd Million)

Table 76 North America Power Factor Correction Market, By Country,

2024–2030 (Usd Million)

Table 77 Us: North America Power Factor Correction Market, By Type,

2021–2023 (Usd Million)

Table 78 Us: North America Power Factor Correction Market, By Type,

2024–2030 (Usd Million)

Table 79 Canada: North America Power Factor Correction Market,

By Type, 2021–2023 (Usd Million)

Table 80 Canada: North America Power Factor Correction Market,

By Type, 2024–2030 (Usd Million)

Table 81 Mexico: North America Power Factor Correction Market,

By Type, 2021–2023 (Usd Million)

Table 82 Mexico: North America Power Factor Correction Market,

By Type, 2024–2030 (Usd Million)

Table 83 North America Power Factor Correction Market: Overview Of Key Strategies Adopted By Major Players, January 2019–august 2023

Table 84 North America Power Factor Correction Market:

Degree Of Competition, 2023

Table 85 North America Power Factor Correction Market: Reactive

Power Footprint

Table 86 North America Power Factor Correction Market: Application Footprint

Table 87 North America Power Factor Correction Market: Type Footprint

Table 88 North America Power Factor Correction Market: Product Launches, January 2019–june 2024

Table 89 North America Power Factor Correction Market: Other Developments

Table 90 Schnieder Electric: Company Overview

Table 91 Schnieder Electric: Products Offered

Table 92 Schneider Electric: Recent Developments

Table 93 Eaton: Company Overview

Table 94 Eaton: Products Offered

Table 95 Eaton: Developments

Table 96 Ge Vernova: Company Overview

Table 97 Ge Vernova: Products Offered

Table 98 Ge Vernova: Deals

Table 99 Abb: Company Overview

Table 100 Abb: Products Offered

Table 101 Hitachi Energy Ltd.: Company Overview

Table 102 Hitachi Energy Ltd.: Products Offered

Table 103 Hitachi Energy: Developments

Table 104 Gentec: Company Overview

Table 105 Gentec: Products Offered

Table 106 Gentec: Developments

Table 107 Tci, Llc: Company Overview

Table 108 Tci, Llc: Products Offered

Table 109 Powerside: Company Overview

Table 110 Powerside: Products Offered

Table 111 Cos Phi: Company Overview

Table 112 Cos Phi: Products Offered

Table 113 Controllix Corporation: Company Overview

Table 114 Controllix Corporation: Products Offered

Table 115 Circutor: Company Overview

Table 116 Circutor: Products Offered

Figures List

Figure 1 North America: Power Factor Correction Market Segmentation

And Regional Scope

Figure 2 North America Power Factor Correction Market: Research Design

Figure 3 North America Power Factor Correction Market: Data Triangulation

Figure 4 North America Power Factor Correction Market: Bottom-up Approach

Figure 5 North America Power Factor Correction Market: Top-down Approach

Figure 6 Key Steps Considered To Assess Supply Of Power Factor

Correction Systems

Figure 7 North America Power Factor Correction Market: Supply-side Analysis

Figure 8 Distributors To Be Larger Sales Channel Segment In 2024

Figure 9 Automatic To Be Larger Type Segment In 2024

Figure 10 Industrial Application Segment To Lead Market In 2024

Figure 11 0–200 Kvar Segment To Hold Majority Of Market Share During Forecast Period

Figure 12 Increasing Demand For Energy Efficiency Across Industrial

Sector To Drive Market

Figure 13 Distributors And Automatic Segments To Hold Largest Market Share In 2024

Figure 14 Distributors Segment To Capture Larger Market Share In 2030

Figure 15 Automatic Segment To Dominate Market In 2030

Figure 16 0–200 Kvar Segment To Hold Largest Market Share In 2030

Figure 17 Industrial Segment To Lead Market In 2030

Figure 18 North America Power Factor Correction Market: Drivers, Restraints, Opportunities, And Challenges

Figure 19 Global Energy Investments In Clean Energy And Fossil Fuels,

2015–2023

Figure 20 Worldwide Annual Investment In Energy Efficiency By Companies

In Industrial Sector, 2020–2022

Figure 21 Investments In Power Grid Infrastructure Development, 2015–2022

Figure 22 Publicly Available Ev Charging Points In Us, Fast Vs. Slow, 2015–2023

Figure 23 Trends/Disruptions Influencing Customer Business

Figure 24 North America Power Factor Correction Market: Value Chain Analysis

Figure 25 North America Power Factor Correction Market: Ecosystem Analysis

Figure 26 Funding Scenario For Top Players

Figure 27 Impact Of Ai/Generative Ai On Power Factor Correction Supply Chain

Figure 28 Power Factor Correction Market: Patents Applied And Granted,

2014–2023

Figure 29 Export Data For Hs Code 8532-compliant Products For

Top 5 Countries, 2019–2023

Figure 30 Import Data For Hs Code 8532-compliant Products For

Top 5 Countries, 2019–2023

Figure 31 Average Selling Price Trend Of Power Factor Correction System,

By North America, 2021–2023

Figure 32 North America Power Factor Correction Market: Porter’s

Five Forces Analysis

Figure 33 Influence Of Key Stakeholders On Buying Process For

Top 3 Applications

Figure 34 Influence Of Stakeholders On Buying Process For Top 3 Applications

Figure 35 North America Power Factor Correction Market Share,

By Reactive Power, 2023

Figure 36 North America Power Factor Correction Market Share, By Type, 2023

Figure 37 North America Power Factor Correction Market Share,

By Sales Channel, 2023

Figure 38 North America Power Factor Correction Market Share,

By Application, 2023

Figure 39 North America Power Factor Correction Market Share Analysis, 2023

Figure 40 North America Power Factor Correction Market: Revenue Analysis Of Key Players, 2019–2023

Figure 41 Brand Comparison

Figure 42 Company Valuation

Figure 43 Financial Metrics

Figure 44 North America Power Factor Correction Market: Company Evaluation Matrix (Key Players), 2023

Figure 45 North America Power Factor Correction Market: Company Footprint

Figure 46 Schnieder Electric: Company Snapshot

Figure 47 Eaton: Company Snapshot

Figure 48 Ge Vernova: Company Snapshot

Figure 49 Abb: Company Snapshot

Figure 50 Hitachi Energy Ltd.: Company Snapshot