Power Factor Correction Market - Global Forecast to 2030
| 出版社 | MarketsandMarkets |
| 出版年月 | 2024年9月 |
| ページ数 | 239 |
| 図表数 | 306 |
| 価格タイプ | シングルユーザライセンス |
| 価格 | USD 4,950 |
| 種別 | 英文調査報告書 |
Report Overview
The power factor correction market is estimated to grow from USD 3.3 billion by 2030 from an estimated USD 2.4 billion in 2024, at a CAGR of 5.5% during the forecast period.
力率改善市場は、予測期間中に5.5%のCAGRで、2024年の推定24億米ドルから2030年までに33億米ドルに成長すると推定されています。
Two important factors that drive the Power Factor Correction market are increasing energy efficiency and low-cost power management. First, while industries and governments across the world are concerned about reducing energy wastage in addition to improving the efficiency of power systems, PFC technologies turn out to be essential tools in optimizing power usage. Secondly, while energy costs are ever increasing, companies look for ways through which this bill can be reduced. A PFC system helps in attaining this by minimizing losses in power and also reduces the risks of penalties associated with poor power factor; hence, it is a good investment across many sectors.
“OEM Direct segment is the second largest segment of the power factor correction market, by sales channel”
The OEM Direct segment accounts for the second-largest base in the power factor correction market. This is due to a high degree of direct contacts and relationships with original equipment manufacturers. The segment has benefited from increasing demand for energy-efficient solutions that are directly built into the manufacturing stage of making machinery and equipment. The direct channels are preferred by the OEMs as the choice is important because of the offering of custom-made and high-quality components that meet specific technical requirements and ensure effective power management and energy savings in various industrial applications. It has proved to be a major factor for the significant increase in sales for this segment.
“200-500 KVAR is expected to emerge as the fastest-growing segment based on reactive power segment”
The 200-500 KVAR segment is expected to be the fastest-growing segment of the power factor correction market with respect to reactive power, as this segment offers the best balance between cost and efficiency for use in medium to large-scale industrial and commercial applications. The value of this range lies in its effective solution to the high reactive power requirements of facilities with gross electrical loads in a manner that assures improved power quality, together with reduced power operational costs. Moreover, power factor correction solutions retrievable in this KVAR range are in fast-growing demand due to an increased priority for energy efficiency and regulatory compliance in industries.
“Commercial is expected to be the second largest segment based on application”
The commercial segment is expected to rank second in application in the power factor correction market due to rising needs for energy efficiency in commercial buildings and facilities. With an increasing phenomenon of the operational cost increase and new energy regulations and policies coming into the scene, businesses have started looking towards power quality and reduction of energy waste. Commercial power factor correction solutions are applied to manage the electric power load in an efficient way, to increase the lifetime of equipment, and to avoid penalties by utility companies for poor power factor. This explains the reason this segment shows considerable growth and importance in the market.
“Europe is expected to emerge as the third largest region based on power factor correction market”
Europe will emerge as the third-largest market for the global power factor correction market in the forecast period. This can be attributed to the strong regulatory framework promoting energy efficiency and the rapid adoption of advanced technologies. The industrial sector in the region has been fueled by increasing energy costs and stringent environmental regulations. Growing attention toward the integration of renewable energy and development of smart grids further supports efficient power management demand, placing Europe as one of the major shareholders in the global market.
Breakdown of Primaries:
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 future 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%
- By Region: North America- 10%, Europe- 15%, Asia Pacific- 60%, the Middle East & Africa- 10%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of 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
The power factor correction market is dominated by a few major players that have a wide regional presence. The leading players in the power factor correction market are Eaton (Ireland), ABB (Switzerland), GE Vernova (US), Schneider Electric (France), and Hitachi Energy Ltd (Switzerland)
Research Coverage:
The report defines, describes, and forecasts the power factor correction market, by reactive power, application, sales channel, type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the smart grid market.
Key Benefits of Buying the Report
- Increasing investments in energy sector and rising number of renewable energy integration and energy effeciency attributed.
- Product Development/ Innovation: The trends such as integration of Internet of Things (IoT) technology with Power Factor Correction (PFC) systems and integration of solid-state switching devices in Power factor correction systems.
- Market Development: The global scenario of power factor correction has developed due to a global shift towards energy efficiency solutions, increased adoption of renewable sources like solar and wind power, technological advancements enhancing efficiency, and the growing demand for electric vehicles. These factors collectively propel innovation, creating a dynamic landscape for power factor correction to meet evolving energy demands.
- Market Diversification: Market diversification in the power factor correction market is a response to varied energy needs across industries and regions. As power factor correction adoption expands, diverse applications emerge, from various industries to renewable projects. Power factor correction manufacturers diversify their product offerings to cater to the specific requirements of different sectors, fostering market growth and resilience.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Schnieder Electric (France), Eaton (Ireland), GE Vernova (US), ABB (Switzerland), Hitachi Energy (Switzerland), among others in the power factor correction market.
Table of Contents
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.3 STUDY SCOPE 26
1.3.1 MARKET SEGMENTATION AND REGIONAL SCOPE 26
1.3.2 INCLUSIONS AND EXCLUSIONS 27
1.3.3 YEARS CONSIDERED 28
1.4 LIMITATIONS 28
1.5 UNITS CONSIDERED 28
1.6 CURRENCY CONSIDERED 28
1.7 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
2.1.1 PRIMARY AND SECONDARY RESEARCH 30
2.2 DATA TRIANGULATION 31
2.2.1 SECONDARY DATA 32
2.2.1.1 Key data from secondary sources 33
2.2.1.2 Key secondary sources 33
2.2.2 PRIMARY DATA 33
2.2.2.1 Major primary interview participants 34
2.2.2.2 Key data from primary sources 34
2.2.2.3 Key industry insights 35
2.2.2.4 Breakdown of primaries 35
2.3 MARKET SIZE ESTIMATION 36
2.3.1 BOTTOM-UP APPROACH 36
2.3.2 TOP-DOWN APPROACH 37
2.3.3 DEMAND-SIDE ANALYSIS 38
2.3.3.1 Demand-side assumptions 38
2.3.3.2 Demand-side calculations 38
2.3.4 SUPPLY-SIDE ANALYSIS 39
2.3.4.1 Supply-side assumptions 40
2.3.4.2 Supply-side calculations 40
2.3.5 GROWTH FORECAST 40
2.4 RESEARCH ASSUMPTIONS 40
2.5 RESEARCH LIMITATIONS 41
2.6 RISK ANALYSIS 41
3 EXECUTIVE SUMMARY 42
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN POWER FACTOR CORRECTION MARKET 47
4.2 POWER FACTOR CORRECTION MARKET, BY REGION 48
4.3 POWER FACTOR CORRECTION MARKET IN NORTH AMERICA,
BY SALES CHANNEL AND TYPE 48
4.4 POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL 49
4.5 POWER FACTOR CORRECTION MARKET, BY TYPE 49
4.6 POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER 49
4.7 POWER FACTOR CORRECTION MARKET, BY APPLICATION 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 52
5.2.1 DRIVERS 52
5.2.1.1 Increasing investments in clear energy projects 52
5.2.1.2 Rising deployment of low-voltage PFC systems in industrial facilities 53
5.2.2 RESTRAINTS 54
5.2.2.1 High initial installation cost of PFC systems 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Introduction of incentive schemes by governments for
adopting energy-saving technologies 54
5.2.3.2 Growing inclination toward smart grid deployment 55
5.2.3.3 Elevating demand for electric vehicles 56
5.2.4 CHALLENGES 56
5.2.4.1 Complexities associated with integrating PFC systems into
existing infrastructure 56
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 57
5.4 VALUE CHAIN ANALYSIS 58
5.5 ECOSYSTEM ANALYSIS 60
5.6 INVESTMENT AND FUNDING SCENARIO 62
5.7 IMPACT OF AI/GENERATIVE AI ON POWER FACTOR CORRECTION MARKET 62
5.7.1 RATIONALE FOR IMPACT LEVELS 63
5.8 GLOBAL MACROECONOMIC OUTLOOK 64
5.8.1 INTRODUCTION 64
5.8.2 GDP TRENDS AND FORECAST 64
5.8.3 MANUFACTURING VALUE ADDED (% OF GDP) 64
5.8.4 GLOBAL ELECTRICITY PRODUCTION 65
5.9 TECHNOLOGY ANALYSIS 66
5.9.1 KEY TECHNOLOGIES 66
5.9.1.1 Internet of Things (IoT) 66
5.9.2 ADJACENT TECHNOLOGIES 66
5.9.2.1 Solid-state switching devices 66
5.10 PATENT ANALYSIS 67
5.11 TRADE ANALYSIS 71
5.11.1 EXPORT SCENARIO (HS CODE 8532) 71
5.11.2 IMPORT SCENARIO (HS CODE 8532) 73
5.12 KEY CONFERENCES AND EVENTS, 2024–2025 74
5.13 PRICING ANALYSIS 75
5.13.1 INDICATIVE PRICING TREND OF CAPACITOR BANKS USED IN
POWER FACTOR CORRECTION, BY REACTIVE POWER 75
5.13.2 AVERAGE SELLING PRICE TREND OF POWER FACTOR CORRECTION SYSTEM, BY REGION 76
5.14 TARIFF AND REGULATORY LANDSCAPE 77
5.14.1 TARIFF ANALYSIS 77
5.14.2 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
5.14.3 REGULATORY FRAMEWORK 80
5.15 PORTER’S FIVE FORCES ANALYSIS 82
5.15.1 THREAT OF SUBSTITUTES 83
5.15.2 BARGAINING POWER OF SUPPLIERS 83
5.15.3 BARGAINING POWER OF BUYERS 83
5.15.4 THREAT OF NEW ENTRANTS 83
5.15.5 INTENSITY OF COMPETITIVE RIVALRY 83
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 84
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 84
5.16.2 BUYING CRITERIA 84
5.17 CASE STUDY ANALYSIS 85
5.17.1 SHOPPING MALL IN SYDNEY DEPLOYED SVG SYSTEM TO
IMPROVE POWER FACTOR AND REDUCE ENERGY EXPENSE 85
5.17.2 HOSPITAL IN MALAYSIA ADOPTED AUTOMATIC PFC SYSTEM FOR
RELIABLE AND UNINTERRUPTED POWER SUPPLY 85
5.17.3 MEDIUM-SIZED TEXTILE FACTORY IN INDIA IMPLEMENTED PFC
CAPACITOR TO REDUCE ENERGY BILLS AND AVOID PENALTIES 86
6 POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER 87
6.1 INTRODUCTION 88
6.2 0–200 KVAR 89
6.2.1 RISING DEMAND ACROSS SMALL COMMERCIAL APPLICATIONS TO DRIVE SEGMENTAL GROWTH 89
6.3 200–500 KVAR 90
6.3.1 RISING USE IN MEDIUM-SIZED COMMERCIAL BUILDINGS AND INDUSTRIAL FACILITIES TO FUEL SEGMENTAL GROWTH 90
6.4 500–1,500 KVAR 91
6.4.1 INCREASING FOCUS OF LARGE INDUSTRIAL PLANT OWNERS ON MINIMIZING ENERGY LOSSES TO BOOST DEMAND 91
6.5 ABOVE 1,500 KVAR 92
6.5.1 PRESSING NEED TO STABILIZE VOLTAGE LEVELS ACROSS POWER GRID
TO SUPPORT SEGMENTAL GROWTH 92
7 POWER FACTOR CORRECTION MARKET, BY TYPE 94
7.1 INTRODUCTION 95
7.2 AUTOMATIC 96
7.2.1 ABILITY TO CRAFT EFFICIENT ELECTRICAL SYSTEMS TO BOOST DEMAND 96
7.3 FIXED 97
7.3.1 RISING FOCUS ON ENERGY COST REDUCTION TO SUPPORT
SEGMENTAL GROWTH 97
8 POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL 98
8.1 INTRODUCTION 99
8.2 DISTRIBUTORS 100
8.2.1 ABILITY TO COVER BROADER GEOGRAPHIC AREAS AND ENTER NEW MARKETS AT FASTER RATE TO BOOST SEGMENTAL GROWTH 100
8.3 OEM DIRECT 101
8.3.1 HIGHER UPFRONT COSTS FOR TRAINING SALES TEAM TO LEAD TO SMALLER MARKET SHARE 101
9 POWER FACTOR CORRECTION MARKET, BY APPLICATION 102
9.1 INTRODUCTION 103
9.2 INDUSTRIAL 104
9.2.1 RISING USE OF POWER-INTENSIVE INDUSTRIAL EQUIPMENT TO
BOOST DEMAND 104
9.3 RENEWABLE 106
9.3.1 INTEGRATION OF RENEWABLE ENERGY SOURCES INTO POWER GRID
TO PROPEL MARKET 106
9.4 COMMERCIAL 107
9.4.1 INCREASING DEMAND FOR ENERGY EFFICIENCY AND COST REDUCTION
IN COMMERCIAL BUILDINGS TO DRIVE MARKET 107
9.5 DATA CENTER 108
9.5.1 SURGING NEED FOR EFFICIENT AND RELIABLE DATA CENTER INFRASTRUCTURE TO FUEL MARKET GROWTH 108
9.6 EV CHARGING 109
9.6.1 INCREASING INVESTMENT AND RAPID EXPANSION OF ELECTRIC VEHICLES
TO SUPPORT MARKET GROWTH 109
10 POWER FACTOR CORRECTION MARKET, BY REGION 111
10.1 INTRODUCTION 112
10.2 NORTH AMERICA 114
10.2.1 US 120
10.2.1.1 Increasing focus on sustainable energy production using
renewable sources to boost demand 120
10.2.2 CANADA 121
10.2.2.1 Rising demand from automotive sector to augment market growth 121
10.2.3 MEXICO 121
10.2.3.1 Thriving industrial sector to propel demand 121
10.3 ASIA PACIFIC 122
10.3.1 CHINA 128
10.3.1.1 Government initiatives to reduce energy consumption to boost demand 128
10.3.2 JAPAN 129
10.3.2.1 Growing adoption of renewable energy sources into power grid
to foster market growth 129
10.3.3 SOUTH KOREA 129
10.3.3.1 Rising focus on enhancing power grid efficiency to drive market 129
10.3.4 INDIA 130
10.3.4.1 Pressing need to reduce energy waste to accelerate market growth 130
10.3.5 AUSTRALIA 131
10.3.5.1 Emphasis of industrial firms on reducing energy bills to
spike demand 131
10.3.6 REST OF ASIA PACIFIC 132
10.4 EUROPE 133
10.4.1 GERMANY 138
10.4.1.1 Stringent energy regulations to fuel market growth 138
10.4.2 UK 139
10.4.2.1 Strategic path to reduce energy consumption and achieve
net-zero carbon emission to stimulate market growth 139
10.4.3 FRANCE 140
10.4.3.1 Strong need for efficient grid operations to propel market 140
10.4.4 ITALY 141
10.4.4.1 Rising demand for higher energy efficiency to drive market 141
10.4.5 RUSSIA 142
10.4.5.1 Pressing need to upgrade power transmission infrastructure to drive market 142
10.4.6 REST OF EUROPE 143
10.5 MIDDLE EAST & AFRICA 144
10.5.1 GCC 149
10.5.1.1 Saudi Arabia 150
10.5.1.1.1 Rising focus on building digital infrastructure to
boost demand 150
10.5.1.2 UAE 151
10.5.1.2.1 Increasing investment in renewable energy sector to
propel market 151
10.5.1.3 Rest of GCC 152
10.5.2 SOUTH AFRICA 153
10.5.2.1 Rising electricity costs to spur demand 153
10.5.3 REST OF MIDDLE EAST & AFRICA 153
10.6 SOUTH AMERICA 154
10.6.1 BRAZIL 159
10.6.1.1 Increasing adoption of clean energy sources to propel market 159
10.6.2 ARGENTINA 159
10.6.2.1 Strong need for efficient grid operations to fuel market growth 159
10.6.3 REST OF SOUTH AMERICA 160
11 COMPETITIVE LANDSCAPE 162
11.1 OVERVIEW 162
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 162
11.3 MARKET SHARE ANALYSIS, 2023 164
11.4 REVENUE ANALYSIS, 2019–2023 167
11.5 BRAND/PRODUCT COMPARISON 168
11.6 COMPANY VALUATION AND FINANCIAL METRICS, 2024 169
11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 170
11.7.1 STARS 170
11.7.2 EMERGING COMPANIES 170
11.7.3 PERVASIVE PLAYERS 170
11.7.4 PARTICIPANTS 170
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 172
11.7.5.1 Company footprint 172
11.7.5.2 Reactive power footprint 173
11.7.5.3 Application footprint 174
11.7.5.4 Type footprint 175
11.7.5.5 Region footprint 176
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 177
11.8.1 PROGRESSIVE COMPANIES 177
11.8.2 RESPONSIVE COMPANIES 177
11.8.3 DYNAMIC COMPANIES 177
11.8.4 STARTING BLOCKS 177
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 179
11.8.5.1 Detailed list of key startups/SMEs 179
11.8.5.2 Competitive benchmarking of key startups/SMES 179
11.9 COMPETITIVE SCENARIO 180
11.9.1 PRODUCT LAUNCHES 180
11.9.2 OTHER DEVELOPMENTS 180
12 COMPANY PROFILES 181
12.1 KEY PLAYERS 181
12.1.1 SCHNEIDER ELECTRIC 181
12.1.1.1 Business overview 181
12.1.1.2 Products offered 182
12.1.1.3 Recent developments 184
12.1.1.3.1 Developments 184
12.1.1.4 MnM view 184
12.1.1.4.1 Key strengths/Right to win 184
12.1.1.4.2 Strategic choices 184
12.1.1.4.3 Weaknesses/Competitive threats 185
12.1.2 EATON 186
12.1.2.1 Business overview 186
12.1.2.2 Products offered 187
12.1.2.3 Recent developments 189
12.1.2.3.1 Developments 189
12.1.2.4 MnM view 189
12.1.2.4.1 Key strengths/Right to win 189
12.1.2.4.2 Strategic choices 189
12.1.2.4.3 Weaknesses/Competitive threats 189
12.1.3 GE VERNOVA 190
12.1.3.1 Business overview 190
12.1.3.2 Products offered 191
12.1.3.3 Recent developments 192
12.1.3.3.1 Deals 192
12.1.3.4 MnM view 193
12.1.3.4.1 Key strengths/Right to win 193
12.1.3.4.2 Strategic choices 193
12.1.3.4.3 Weaknesses/Competitive threats 193
12.1.4 ABB 194
12.1.4.1 Business overview 194
12.1.4.2 Products offered 195
12.1.4.3 MnM view 197
12.1.4.3.1 Key strengths/Right to win 197
12.1.4.3.2 Strategic choices 197
12.1.4.3.3 Weaknesses/Competitive threats 197
12.1.5 HITACHI ENERGY LTD. 198
12.1.5.1 Business overview 198
12.1.5.2 Products offered 199
12.1.5.3 Recent developments 201
12.1.5.3.1 Developments 201
12.1.5.4 MnM view 201
12.1.5.4.1 Key strengths/Right to win 201
12.1.5.4.2 Strategic choices 202
12.1.5.4.3 Weaknesses/Competitive threats 202
12.1.6 GENTEC 203
12.1.6.1 Business overview 203
12.1.6.2 Products offered 203
12.1.6.3 Recent developments 204
12.1.6.3.1 Developments 204
12.1.7 TCI, LLC 205
12.1.7.1 Business overview 205
12.1.7.2 Products offered 205
12.1.8 POWERSIDE 206
12.1.8.1 Business overview 206
12.1.8.2 Products offered 206
12.1.9 COS PHI 208
12.1.9.1 Business overview 208
12.1.9.2 Products offered 208
12.1.10 CONTROLLIX CORPORATION 209
12.1.10.1 Business overview 209
12.1.10.2 Products offered 209
12.1.11 CIRCUTOR 211
12.1.11.1 Business overview 211
12.1.11.2 Products offered 211
12.1.12 NEPTUNE INDIA LIMITED 213
12.1.12.1 Business overview 213
12.1.12.2 Products offered 213
12.1.13 ENERLUX POWER S.R.L 214
12.1.13.1 Business overview 214
12.1.13.2 Products offered 214
12.1.14 LIFASA 216
12.1.14.1 Business overview 216
12.1.14.2 Products offered 216
12.1.14.3 Recent developments 217
12.1.14.3.1 Developments 217
12.1.15 DUCATI ENERGIA SPA 218
12.1.15.1 Business overview 218
12.1.15.2 Products offered 218
12.1.16 ORTEA SPA 220
12.1.16.1 Business overview 220
12.1.16.2 Products offered 220
12.1.17 RTR ENERGIA SRL 222
12.1.17.1 Business overview 222
12.1.17.2 Products offered 222
12.1.18 POWERCAP CAPACITORS PVT. LTD. 224
12.1.18.1 Business overview 224
12.1.18.2 Products offered 224
12.1.19 ZEZ SILKO, S.R.O. 225
12.1.19.1 Business overview 225
12.1.19.2 Products offered 225
12.1.20 TREFFER 226
12.1.20.1 Business overview 226
12.1.20.2 Products offered 226
12.2 OTHER PLAYERS 227
12.2.1 SHARDA ELECTRONICS & CO. 227
12.2.2 YUHCHANG ELECTRIC CO., LTD. 227
12.2.3 WHATOOP 228
12.2.4 POWER FACTOR CORRECTION GROUP 228
12.2.5 C. J. ENERGETICS 229
13 APPENDIX 230
13.1 INSIGHTS FROM INDUSTRY EXPERTS 230
13.2 DISCUSSION GUIDE 230
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 235
13.4 CUSTOMIZATION OPTIONS 237
13.5 RELATED REPORTS 237
13.6 AUTHOR DETAILS 238
LIST OF TABLES
TABLE 1 INCLUSIONS AND EXCLUSIONS: BY REACTIVE POWER 27
TABLE 2 INCLUSIONS AND EXCLUSIONS: BY TYPE 27
TABLE 3 INCLUSIONS AND EXCLUSIONS: BY SALES CHANNEL 27
TABLE 4 INCLUSIONS AND EXCLUSIONS: BY APPLICATION 27
TABLE 5 POWER FACTOR CORRECTION MARKET SNAPSHOT 43
TABLE 6 ROLE OF COMPANIES IN POWER FACTOR CORRECTION ECOSYSTEM 61
TABLE 7 WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION) 64
TABLE 8 MANUFACTURING VALUE ADDED (% OF GDP), 2023 65
TABLE 9 ELECTRICITY PRODUCTION, BY COUNTRY, 2023 (TWH) 65
TABLE 10 POWER FACTOR CORRECTION MARKET: LIST OF MAJOR PATENTS, 2021–2024 68
TABLE 11 EXPORT SCENARIO FOR HS CODE 8532-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 72
TABLE 12 IMPORT SCENARIO FOR HS CODE 8532-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND) 73
TABLE 13 POWER FACTOR CORRECTION MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025 74
TABLE 14 INDICATIVE PRICING TREND OF CAPACITOR BANKS USED IN POWER
FACTOR CORRECTION, BY REACTIVE POWER, 2021–2023 (USD PER UNIT) 76
TABLE 15 AVERAGE SELLING PRICE TREND OF POWER FACTOR CORRECTION SYSTEM,
BY REGION, 2021–2023 (USD PER UNIT) 76
TABLE 16 IMPORT TARIFF FOR HS CODE 8532-COMPLIANT PRODUCTS, 2023 77
TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 78
TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 20 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 79
TABLE 21 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 22 GLOBAL POWER FACTOR CORRECTION REGULATIONS 80
TABLE 23 NORTH AMERICAN POWER FACTOR CORRECTION REGULATIONS 80
TABLE 24 EUROPEAN POWER FACTOR CORRECTION REGULATIONS 80
TABLE 25 ASIA PACIFIC POWER FACTOR CORRECTION REGULATIONS 81
TABLE 26 MIDDLE EASTERN & AFRICAN POWER FACTOR CORRECTION REGULATIONS 81
TABLE 27 SOUTH AMERICAN POWER FACTOR CORRECTION REGULATIONS 81
TABLE 28 POWER FACTOR CORRECTION MARKET: IMPACT OF PORTER’S FIVE FORCES 82
TABLE 29 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR
TOP 3 APPLICATIONS (%) 84
TABLE 30 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 85
TABLE 31 POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER,
2021–2023 (USD MILLION) 88
TABLE 32 POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER,
2024–2030 (USD MILLION) 89
TABLE 33 0–200 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 89
TABLE 34 0–200 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 90
TABLE 35 200–500 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 90
TABLE 36 200–500 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 91
TABLE 37 500–1,500 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 91
TABLE 38 500–1,500 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 92
TABLE 39 ABOVE 1,500 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 92
TABLE 40 ABOVE 1,500 KVAR: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 93
TABLE 41 POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 95
TABLE 42 POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 95
TABLE 43 AUTOMATIC: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 96
TABLE 44 AUTOMATIC: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 96
TABLE 45 FIXED: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 97
TABLE 46 FIXED: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 97
TABLE 47 POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,
2021–2023 (USD MILLION) 99
TABLE 48 POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,
2024–2030 (USD MILLION) 99
TABLE 49 DISTRIBUTORS: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 100
TABLE 50 DISTRIBUTORS: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 100
TABLE 51 OEM DIRECT: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 101
TABLE 52 OEM DIRECT: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 101
TABLE 53 POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2021–2023 (USD MILLION) 103
TABLE 54 POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 104
TABLE 55 INDUSTRIAL: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 104
TABLE 56 INDUSTRIAL: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 105
TABLE 57 INDUSTRIAL: POWER FACTOR CORRECTION MARKET, BY END USER,
2021–2023 (USD MILLION) 105
TABLE 58 INDUSTRIAL: POWER FACTOR CORRECTION MARKET, BY END USER,
2024–2030 (USD MILLION) 105
TABLE 59 RENEWABLE: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 106
TABLE 60 RENEWABLE: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 106
TABLE 61 RENEWABLE: POWER FACTOR CORRECTION MARKET, BY SOURCE,
2021–2023 (USD MILLION) 107
TABLE 62 RENEWABLE: POWER FACTOR CORRECTION MARKET, BY SOURCE,
2024–2030 (USD MILLION) 107
TABLE 63 COMMERCIAL: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 108
TABLE 64 COMMERCIAL: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 108
TABLE 65 DATA CENTER: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 109
TABLE 66 DATA CENTER: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 109
TABLE 67 EV CHARGING: POWER FACTOR CORRECTION MARKET, BY REGION,
2021–2023 (USD MILLION) 110
TABLE 68 EV CHARGING: POWER FACTOR CORRECTION MARKET, BY REGION,
2024–2030 (USD MILLION) 110
TABLE 69 POWER FACTOR CORRECTION MARKET, BY REGION, 2021–2023 (USD MILLION) 113
TABLE 70 POWER FACTOR CORRECTION MARKET, BY REGION, 2024–2030 (USD MILLION) 113
TABLE 71 POWER FACTOR CORRECTION MARKET, BY REGION, 2021–2023 (UNITS) 114
TABLE 72 POWER FACTOR CORRECTION MARKET, BY REGION, 2024–2030 (UNITS) 114
TABLE 73 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2021–2023 (USD MILLION) 115
TABLE 74 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2024–2030 (USD MILLION) 116
TABLE 75 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 116
TABLE 76 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 116
TABLE 77 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2021–2023 (USD MILLION) 116
TABLE 78 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2024–2030 (USD MILLION) 117
TABLE 79 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2021–2023 (USD MILLION) 117
TABLE 80 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 117
TABLE 81 NORTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
RENEWABLE APPLICATIONS, BY SOURCE, 2021–2023 (USD MILLION) 118
TABLE 82 NORTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
RENEWABLE APPLICATIONS, BY SOURCE, 2024–2030 (USD MILLION) 118
TABLE 83 NORTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
INDUSTRIAL APPLICATIONS, BY END USER, 2021–2023 (USD MILLION) 118
TABLE 84 NORTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
INDUSTRIAL APPLICATIONS, BY END USER, 2024–2030 (USD MILLION) 119
TABLE 85 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 119
TABLE 86 NORTH AMERICA: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 119
TABLE 87 US: POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 120
TABLE 88 US: POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 120
TABLE 89 CANADA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 121
TABLE 90 CANADA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 121
TABLE 91 MEXICO: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 122
TABLE 92 MEXICO: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 122
TABLE 93 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2021–2023 (USD MILLION) 123
TABLE 94 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2024–2030 (USD MILLION) 124
TABLE 95 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 124
TABLE 96 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 124
TABLE 97 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,
2021–2023 (USD MILLION) 124
TABLE 98 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,
2024–2030 (USD MILLION) 125
TABLE 99 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2021–2023 (USD MILLION) 125
TABLE 100 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 125
TABLE 101 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET FOR RENEWABLE APPLICATIONS, BY SOURCE, 2021–2023 (USD MILLION) 126
TABLE 102 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET FOR RENEWABLE APPLICATIONS, BY SOURCE, 2024–2030 (USD MILLION) 126
TABLE 103 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET FOR INDUSTRIAL APPLICATIONS, BY END USER, 2021–2023 (USD MILLION) 126
TABLE 104 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET FOR INDUSTRIAL APPLICATIONS, BY END USER, 2024–2030 (USD MILLION) 127
TABLE 105 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 127
TABLE 106 ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 127
TABLE 107 CHINA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 128
TABLE 108 CHINA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 128
TABLE 109 JAPAN: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 129
TABLE 110 JAPAN: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 129
TABLE 111 SOUTH KOREA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 130
TABLE 112 SOUTH KOREA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 130
TABLE 113 INDIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 131
TABLE 114 INDIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 131
TABLE 115 AUSTRALIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 132
TABLE 116 AUSTRALIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 132
TABLE 117 REST OF ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 133
TABLE 118 REST OF ASIA PACIFIC: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 133
TABLE 119 EUROPE: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER,
2021–2023 (USD MILLION) 134
TABLE 120 EUROPE: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER,
2024–2030 (USD MILLION) 134
TABLE 121 EUROPE: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 134
TABLE 122 EUROPE: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 134
TABLE 123 EUROPE: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,
2021–2023 (USD MILLION) 135
TABLE 124 EUROPE: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,
2024–2030 (USD MILLION) 135
TABLE 125 EUROPE: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2021–2023 (USD MILLION) 135
TABLE 126 EUROPE: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 135
TABLE 127 EUROPE: POWER FACTOR CORRECTION MARKET FOR RENEWABLE APPLICATIONS, BY SOURCE, 2021–2023 (USD MILLION) 136
TABLE 128 EUROPE: POWER FACTOR CORRECTION MARKET FOR RENEWABLE APPLICATIONS, BY SOURCE, 2024–2030 (USD MILLION) 136
TABLE 129 EUROPE: POWER FACTOR CORRECTION MARKET FOR INDUSTRIAL APPLICATIONS, BY END USER, 2021–2023 (USD MILLION) 136
TABLE 130 EUROPE: POWER FACTOR CORRECTION MARKET FOR INDUSTRIAL APPLICATIONS, BY END USER, 2024–2030 (USD MILLION) 137
TABLE 131 EUROPE: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 137
TABLE 132 EUROPE: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 137
TABLE 133 GERMANY: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 138
TABLE 134 GERMANY: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 138
TABLE 135 UK: POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 139
TABLE 136 UK: POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 139
TABLE 137 FRANCE: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 140
TABLE 138 FRANCE: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 140
TABLE 139 ITALY: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 141
TABLE 140 ITALY: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 142
TABLE 141 RUSSIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 142
TABLE 142 RUSSIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 142
TABLE 143 REST OF EUROPE: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 143
TABLE 144 REST OF EUROPE: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 144
TABLE 145 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET,
BY REACTIVE POWER, 2021–2023 (USD MILLION) 144
TABLE 146 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET,
BY REACTIVE POWER, 2024–2030 (USD MILLION) 145
TABLE 147 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 145
TABLE 148 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 145
TABLE 149 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2021–2023 (USD MILLION) 145
TABLE 150 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2024–2030 (USD MILLION) 146
TABLE 151 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY APPLICATION, 2021–2023 (USD MILLION) 146
TABLE 152 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 146
TABLE 153 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET FOR
RENEWABLE APPLICATIONS, BY SOURCE, 2021–2023 (USD MILLION) 147
TABLE 154 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET FOR
RENEWABLE APPLICATIONS, BY SOURCE, 2024–2030 (USD MILLION) 147
TABLE 155 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET FOR
INDUSTRIAL APPLICATIONS, BY END USER, 2021–2023 (USD MILLION) 147
TABLE 156 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET FOR
INDUSTRIAL APPLICATIONS, BY END USER, 2024–2030 (USD MILLION) 148
TABLE 157 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 148
TABLE 158 MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 148
TABLE 159 GCC: POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 149
TABLE 160 GCC: POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 149
TABLE 161 GCC: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 149
TABLE 162 GCC: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 150
TABLE 163 SAUDI ARABIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 150
TABLE 164 SAUDI ARABIA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 151
TABLE 165 UAE: POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 151
TABLE 166 UAE: POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 151
TABLE 167 REST OF GCC: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 152
TABLE 168 REST OF GCC: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 152
TABLE 169 SOUTH AFRICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 153
TABLE 170 SOUTH AFRICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 153
TABLE 171 REST OF MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 154
TABLE 172 REST OF MIDDLE EAST & AFRICA: POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 154
TABLE 173 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2021–2023 (USD MILLION) 154
TABLE 174 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2024–2030 (USD MILLION) 155
TABLE 175 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 155
TABLE 176 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 155
TABLE 177 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2021–2023 (USD MILLION) 155
TABLE 178 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2024–2030 (USD MILLION) 156
TABLE 179 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2021–2023 (USD MILLION) 156
TABLE 180 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY APPLICATION,
2024–2030 (USD MILLION) 156
TABLE 181 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
RENEWABLE APPLICATIONS, BY SOURCE, 2021–2023 (USD MILLION) 157
TABLE 182 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
RENEWABLE APPLICATIONS, BY SOURCE, 2024–2030 (USD MILLION) 157
TABLE 183 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
INDUSTRIAL APPLICATIONS, BY END USER, 2021–2023 (USD MILLION) 157
TABLE 184 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET FOR
INDUSTRIAL APPLICATIONS, BY END USER, 2024–2030 (USD MILLION) 158
TABLE 185 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2021–2023 (USD MILLION) 158
TABLE 186 SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY COUNTRY,
2024–2030 (USD MILLION) 158
TABLE 187 BRAZIL: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 159
TABLE 188 BRAZIL: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 159
TABLE 189 ARGENTINA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2021–2023 (USD MILLION) 160
TABLE 190 ARGENTINA: POWER FACTOR CORRECTION MARKET, BY TYPE,
2024–2030 (USD MILLION) 160
TABLE 191 REST OF SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY TYPE, 2021–2023 (USD MILLION) 161
TABLE 192 REST OF SOUTH AMERICA: POWER FACTOR CORRECTION MARKET, BY TYPE, 2024–2030 (USD MILLION) 161
TABLE 193 POWER FACTOR CORRECTION MARKET: OVERVIEW OF
KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, JANUARY 2020–AUGUST 2024 162
TABLE 194 POWER FACTOR CORRECTION MARKET: DEGREE OF COMPETITION, 2023 165
TABLE 195 POWER FACTOR CORRECTION MARKET: REACTIVE POWER FOOTPRINT 173
TABLE 196 POWER FACTOR CORRECTION MARKET: APPLICATION FOOTPRINT 174
TABLE 197 POWER FACTOR CORRECTION MARKET: TYPE FOOTPRINT 175
TABLE 198 POWER FACTOR CORRECTION MARKET: REGION FOOTPRINT 176
TABLE 199 POWER FACTOR CORRECTION MARKET: LIST OF KEY STARTUPS/SMES 179
TABLE 200 POWER FACTOR CORRECTION MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES 179
TABLE 201 POWER FACTOR CORRECTION MARKET: PRODUCT LAUNCHES, JANUARY
2020–AUGUST 2024 180
TABLE 202 POWER FACTOR CORRECTION MARKET: OTHER DEVELOPMENTS, JANUARY
2020–AUGUST 2024 180
TABLE 203 SCHNIEDER ELECTRIC: COMPANY OVERVIEW 181
TABLE 204 SCHNIEDER ELECTRIC: PRODUCTS OFFERED 182
TABLE 205 SCHNEIDER ELECTRIC: DEVELOPMENTS 184
TABLE 206 EATON: COMPANY OVERVIEW 186
TABLE 207 EATON: PRODUCTS OFFERED 187
TABLE 208 EATON: DEVELOPMENTS 189
TABLE 209 GE VERNOVA: COMPANY OVERVIEW 190
TABLE 210 GE VERNOVA: PRODUCTS OFFERED 191
TABLE 211 GE VERNOVA: DEALS 192
TABLE 212 ABB: COMPANY OVERVIEW 194
TABLE 213 ABB: PRODUCTS OFFERED 195
TABLE 214 HITACHI ENERGY LTD.: COMPANY OVERVIEW 198
TABLE 215 HITACHI ENERGY LTD.: PRODUCTS OFFERED 199
TABLE 216 HITACHI ENERGY: DEVELOPMENTS 201
TABLE 217 GENTEC: COMPANY OVERVIEW 203
TABLE 218 GENTEC: PRODUCTS OFFERED 203
TABLE 219 GENTEC: DEVELOPMENTS 204
TABLE 220 TCI, LLC: COMPANY OVERVIEW 205
TABLE 221 TCI, LLC: PRODUCTS OFFERED 205
TABLE 222 POWERSIDE: COMPANY OVERVIEW 206
TABLE 223 POWERSIDE: PRODUCTS OFFERED 206
TABLE 224 COS PHI: COMPANY OVERVIEW 208
TABLE 225 COS PHI: PRODUCTS OFFERED 208
TABLE 226 CONTROLLIX CORPORATION: COMPANY OVERVIEW 209
TABLE 227 CONTROLLIX CORPORATION: PRODUCTS OFFERED 209
TABLE 228 CIRCUTOR: COMPANY OVERVIEW 211
TABLE 229 CIRCUTOR: PRODUCTS OFFERED 211
TABLE 230 NEPTUNE INDIA LIMITED: COMPANY OVERVIEW 213
TABLE 231 NEPTUNE INDIA LIMITED: PRODUCTS OFFERED 213
TABLE 232 ENERLUX POWER S.R.L.: COMPANY OVERVIEW 214
TABLE 233 ENERLUX POWER S.R.L.: PRODUCTS OFFERED 214
TABLE 234 LIFASA: COMPANY OVERVIEW 216
TABLE 235 LIFASA: PRODUCTS OFFERED 216
TABLE 236 LIFASA: DEVELOPMENTS 217
TABLE 237 DUCATI ENERGIA SPA: COMPANY OVERVIEW 218
TABLE 238 DUCATI ENERGIA SPA: PRODUCTS OFFERED 218
TABLE 239 ORTEA SPA: COMPANY OVERVIEW 220
TABLE 240 ORTEA SPA: PRODUCTS OFFERED 220
TABLE 241 RTR ENERGIA SRL: COMPANY OVERVIEW 222
TABLE 242 RTR ENERGIA SRL: PRODUCTS OFFERED 222
TABLE 243 POWERCAP CAPACITORS PVT. LTD.: COMPANY OVERVIEW 224
TABLE 244 POWERCAP CAPACITORS PVT. LTD.: PRODUCTS OFFERED 224
TABLE 245 ZEZ SILKO, S.R.O.: COMPANY OVERVIEW 225
TABLE 246 ZEZ SILKO, S.R.O.: PRODUCTS OFFERED 225
TABLE 247 TREFFER: COMPANY OVERVIEW 226
TABLE 248 TREFFER: PRODUCTS OFFERED 226
LIST OF FIGURES
FIGURE 1 POWER FACTOR CORRECTION MARKET SEGMENTATION AND REGIONAL SCOPE 26
FIGURE 2 POWER FACTOR CORRECTION MARKET: RESEARCH DESIGN 31
FIGURE 3 DATA TRIANGULATION 32
FIGURE 4 POWER FACTOR CORRECTION MARKET: BOTTOM-UP APPROACH 37
FIGURE 5 POWER FACTOR CORRECTION MARKET: TOP-DOWN APPROACH 37
FIGURE 6 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF
POWER FACTOR CORRECTION SYSTEMS 39
FIGURE 7 POWER FACTOR CORRECTION MARKET: SUPPLY-SIDE ANALYSIS 39
FIGURE 8 ASIA PACIFIC DOMINATED POWER FACTOR CORRECTION MARKET IN 2023 44
FIGURE 9 DISTRIBUTORS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024 44
FIGURE 10 AUTOMATIC SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2030 45
FIGURE 11 INDUSTRIAL SEGMENT TO DOMINATE MARKET IN 2024 45
FIGURE 12 0–200 KVAR SEGMENT TO HOLD MAJORITY OF MARKET SHARE
THROUGHOUT FORECAST PERIOD 46
FIGURE 13 INCREASING DEMAND FOR ENERGY EFFICIENCY ACROSS INDUSTRIAL
SECTOR TO DRIVE MARKET 47
FIGURE 14 NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 48
FIGURE 15 DISTRIBUTORS AND AUTOMATIC SEGMENTS HELD LARGEST MARKET SHARE
IN 2023 48
FIGURE 16 DISTRIBUTORS SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2030 49
FIGURE 17 AUTOMATIC SEGMENT TO DOMINATE MARKET IN 2030 49
FIGURE 18 0–200 KVAR SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 49
FIGURE 19 INDUSTRIAL SEGMENT TO LEAD MARKET IN 2030 50
FIGURE 20 POWER FACTOR CORRECTION MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 52
FIGURE 21 GLOBAL ENERGY INVESTMENTS IN CLEAN ENERGY AND FOSSIL FUELS,
2015–2023 53
FIGURE 22 WORLDWIDE ANNUAL INVESTMENT IN ENERGY EFFICIENCY BY COMPANIES IN INDUSTRIAL SECTOR, 2015–2020 54
FIGURE 23 INVESTMENTS IN POWER GRID INFRASTRUCTURE DEVELOPMENT, 2015–2022 55
FIGURE 24 PUBLICLY AVAILABLE EV CHARGING POINTS IN US, FAST VS. SLOW, 2015–2023 56
FIGURE 25 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 58
FIGURE 26 POWER FACTOR CORRECTION MARKET: VALUE CHAIN ANALYSIS 59
FIGURE 27 POWER FACTOR CORRECTION MARKET: ECOSYSTEM ANALYSIS 60
FIGURE 28 FUNDING SCENARIO FOR TOP PLAYERS 62
FIGURE 29 IMPACT OF AI/GENERATIVE AI ON POWER FACTOR CORRECTION SUPPLY CHAIN 63
FIGURE 30 POWER FACTOR CORRECTION MARKET: PATENTS APPLIED AND GRANTED,
2014–2023 67
FIGURE 31 EXPORT DATA FOR HS CODE 8532-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023 73
FIGURE 32 IMPORT DATA FOR HS CODE 8532-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2019–2023 74
FIGURE 33 INDICATIVE PRICING TREND, BY REACTIVE POWER, 2021–2023 75
FIGURE 34 AVERAGE SELLING PRICE TREND OF POWER FACTOR CORRECTION SYSTEM,
BY REGION, 2021–2023 76
FIGURE 35 POWER FACTOR CORRECTION MARKET: PORTER’S FIVE FORCES ANALYSIS 82
FIGURE 36 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR
TOP 3 APPLICATIONS 84
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS 84
FIGURE 38 POWER FACTOR CORRECTION MARKET SHARE, IN TERMS OF VALUE,
BY REACTIVE POWER, 2023 88
FIGURE 39 POWER FACTOR CORRECTION MARKET SHARE, IN TERMS OF VALUE, BY TYPE, 2023 95
FIGURE 40 POWER FACTOR CORRECTION MARKET SHARE, IN TERMS OF VALUE,
BY SALES CHANNEL, 2023 99
FIGURE 41 POWER FACTOR CORRECTION MARKET SHARE, IN TERMS OF VALUE,
BY APPLICATION, 2023 103
FIGURE 42 POWER FACTOR CORRECTION MARKET IN NORTH AMERICA TO GROW
AT FASTEST RATE DURING FORECAST PERIOD 112
FIGURE 43 POWER FACTOR CORRECTION MARKET, BY REGION, 2023 113
FIGURE 44 NORTH AMERICA: MARKET SNAPSHOT 115
FIGURE 45 ASIA PACIFIC: MARKET SNAPSHOT 123
FIGURE 46 POWER FACTOR CORRECTION MARKET SHARE ANALYSIS, 2023 165
FIGURE 47 POWER FACTOR CORRECTION MARKET: REVENUE ANALYSIS OF
THREE KEY PLAYERS, 2019–2023 167
FIGURE 48 BRAND COMPARISON 168
FIGURE 49 COMPANY VALUATION 169
FIGURE 50 FINANCIAL METRICS 169
FIGURE 51 POWER FACTOR CORRECTION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 171
FIGURE 52 POWER FACTOR CORRECTION MARKET: COMPANY FOOTPRINT 172
FIGURE 53 POWER FACTOR CORRECTION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 178
FIGURE 54 SCHNIEDER ELECTRIC: COMPANY SNAPSHOT 182
FIGURE 55 EATON: COMPANY SNAPSHOT 187
FIGURE 56 GE VERNOVA: COMPANY SNAPSHOT 191
FIGURE 57 ABB: COMPANY SNAPSHOT 195
FIGURE 58 HITACHI ENERGY LTD.: COMPANY SNAPSHOT 199
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調査会社の事情により予告なしに変更されることがございます。最新の状況およびその他のパターンについてはお問い合わせください。
ライセンスタイプ1
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD4,950 | USD6,650 | USD8,150 | USD10,000 |
ライセンスタイプ2
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD7,150 | USD8,500 | USD9,650 | USD11,000 |
ライセンスタイプ3
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD8,150 | お問合せください | お問合せください | お問合せください |
ライセンスタイプ4
| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD9,000 | USD10,500 | USD12,000 | USD13,500 |
ミニレポート ※定性調査にフォーカスした調査レポートです。詳細はお問合せください。
| シングルユーザ | コーポレート |
| USD 2,650 | USD 4,250 |
ご購入に関するご案内
価格・納期について
- 価格
- ウェブサイトに記載の外貨（定価）を見積日のTTSレートで換算後消費税を加えた金額が弊社からの請求金額になります。見積金額はレート変動に関係なく見積書発行日より2週間有効です。手数料（ハンドリングチャージ）無料。
- ライセンス
- シングルユーザライセンス
- 1名のみレポートファイルのご利用が可能です。
- マルチユーザライセンス
- 同一企業内（関連会社除く）5名までレポートファイルのご利用が可能です。
- コーポレートライセンス
- 同一企業および100％持株会社間・人数無制限でレポートファイルのご利用が可能です。
- エンタープライズサイトライセンス
- 特別ライセンスです。適用範囲についてはお問合せください。
- シングルユーザライセンス
- 納品形態
- Eメール
- 納期
- 最短3時間以内にご納品可能です。通常ご注文後24時間以内（営業日基準）
ご注文方法
- レポートページ内のお問い合わせフォームより見積もりをご請求ください。確認次第見積書と発注書をお送りいたします。既に弊社の見積書をお持ちの場合にはEメールまたはFAXでご注文ください。
その他
- 商品の性質上、ご注文後のキャンセル/返品/交換はできません。ご了承ください。
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