北米の力率改善市場 – 2030年までの動向と予測

Power Factor Correction Market - North America Forecast to 2030

北米の力率改善市場 - 無効電力(0~200 KVAr、200~500 KVAr、500~1,500 KVAr、1,500 KVAr以上)、タイプ(自動、固定)、販売チャネル(販売代理店、OEM直販)、用途、地域別 - 2030年までの動向と予測
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

商品番号 : SMB-81008

出版社MarketsandMarkets
出版年月2025年6月
ページ数161
図表数166
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

本レポートでは、北米の力率改善市場を、タイプ別(自動、固定)、販売チャネル別(販売代理店、OEM直接)、無効電力別(0~200 KVAr、200~500 KVAr、500~1,500 KVAr、1,500 KVAr以上)、用途別(産業、再生可能、商業、データセンター、EV充電)、地域別(北米)に定義、説明、予測しています。レポートの範囲には、北米の力率改善市場の成長に影響を与える推進要因、制約、課題、機会などの主要要因に関する詳細情報が含まれています。主要な業界プレーヤーの詳細な分析により、事業概要、ソリューション、サービス、契約、投資、パートナーシップ、コラボレーション、ジョイントベンチャー、契約、新製品およびサービスの発売、合併および買収などの主要な戦略、および北米の力率改善市場に関連する最近の動向についての洞察が提供されています。

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.

北米の力率改善(PFC)市場は、2025年の推定7億3,420万米ドルから2030年には9億9,910万米ドルに達すると予測されており、予測期間(2025~2030年)中は年平均成長率(CAGR)6.2%で成長します。エネルギーコストの上昇と厳格な規制により、製造業、石油・ガス業、空調設備(HVAC)などの業界では、無効電力の最小化、エネルギー損失の削減、システムの信頼性向上を目的として、コンデンサや自動制御システムなどの高度なPFCソリューションの導入が求められています。

北米の力率改善市場 - 2030年までの動向と予測
north-america-power-factor-correction-market

“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.

北米の力率改善市場 - 2030年までの動向と予測 ecosystem
north-america-power-factor-correction-market-ecosystem

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.

Table of Contents

1               INTRODUCTION              18

1.1           STUDY OBJECTIVES       18

1.2           MARKET DEFINITION   18

1.3           STUDY SCOPE   19

1.3.1        MARKET SEGMENTATION AND REGIONAL SCOPE                 19

1.3.2        INCLUSIONS AND EXCLUSIONS 19

1.3.3        YEARS CONSIDERED      21

1.4           LIMITATIONS    21

1.5           UNITS CONSIDERED      21

1.6           CURRENCY CONSIDERED            21

1.7           STAKEHOLDERS               22

2               RESEARCH METHODOLOGY       23

2.1           RESEARCH DATA              23

2.1.1        PRIMARY AND SECONDARY RESEARCH 23

2.2           DATA TRIANGULATION                25

2.2.1        SECONDARY DATA          26

2.2.1.1    Key data from secondary sources       26

2.2.1.2    Key secondary sources         26

2.2.2        PRIMARY DATA 26

2.2.2.1    Major primary interview participants                27

2.2.2.2    Key data from primary sources           27

2.2.2.3    Key industry insights           28

2.2.2.4    Breakdown of primary interviews      28

2.3           MARKET SIZE ESTIMATION         29

2.3.1        BOTTOM-UP APPROACH              29

2.3.2        TOP-DOWN APPROACH                30

2.3.3        DEMAND-SIDE ANALYSIS             31

2.3.3.1    Demand-side assumptions 31

2.3.3.2    Demand-side calculations   31

2.3.4        SUPPLY-SIDE ANALYSIS                 32

2.3.4.1    Supply-side assumptions     33

2.3.4.2    Supply-side calculations      33

2.3.5        GROWTH FORECAST      33

2.4           RESEARCH ASSUMPTIONS           34

2.5           RESEARCH LIMITATIONS             34

2.6           RISK ANALYSIS  34

3               EXECUTIVE SUMMARY  35

4               PREMIUM INSIGHTS       39

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NORTH AMERICA POWER FACTOR CORRECTION MARKET           39

4.2           NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY SALES CHANNEL

AND TYPE           40

4.3           NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY SALES CHANNEL 40

4.4           NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE           41

4.5           NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY REACTIVE POWER              41

4.6           NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY APPLICATION      42

5               MARKET OVERVIEW       43

5.1           INTRODUCTION              43

5.2           MARKET DYNAMICS       44

5.2.1        DRIVERS               44

5.2.1.1    Increasing investments in clean energy projects              44

5.2.1.2    Rising deployment of low-voltage PFC systems in industrial facilities 45

5.2.2        RESTRAINTS      46

5.2.2.1    High initial installation cost of PFC systems   46

5.2.3        OPPORTUNITIES              46

5.2.3.1    Introduction of incentive schemes by governments for adopting energy-saving technologies 46

5.2.3.2    Growing inclination toward smart grid deployment       47

5.2.3.3    Elevating demand for electric vehicles              48

5.2.4        CHALLENGES    48

5.2.4.1    Complexities associated with integrating PFC systems into existing infrastructure          48

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            49

5.4           VALUE CHAIN ANALYSIS               50

5.5           ECOSYSTEM ANALYSIS  52

5.6           INVESTMENT AND FUNDING SCENARIO               54

5.7           IMPACT OF AI/GENERATIVE AI ON NORTH AMERICA POWER FACTOR CORRECTION MARKET               54

5.7.1        RATIONALE FOR IMPACT LEVELS            55

5.8           NORTH AMERICA: MACROECONOMIC OUTLOOK                 56

5.8.1        INTRODUCTION              56

5.8.2        GDP TRENDS AND FORECAST   56

5.8.3        MANUFACTURING VALUE ADDED (% OF GDP) 57

5.8.4        ELECTRICITY PRODUCTION      57

5.9           TECHNOLOGY ANALYSIS             57

5.9.1        KEY TECHNOLOGIES     57

5.9.1.1    Internet of Things (IoT)     57

5.9.2        ADJACENT TECHNOLOGIES       58

5.9.2.1    Solid-state switching devices              58

5.10         PATENT ANALYSIS          59

5.11         TRADE ANALYSIS             63

5.11.1      EXPORT SCENARIO (HS CODE 8532)        63

5.11.2      IMPORT SCENARIO (HS CODE 8532)        64

5.12         KEY CONFERENCES AND EVENTS, 2024–2025        66

5.13         PRICING ANALYSIS          66

5.13.1      AVERAGE SELLING PRICE TREND OF POWER FACTOR CORRECTION SYSTEM, BY NORTH AMERICA      67

5.14         TARIFF AND REGULATORY LANDSCAPE               67

5.14.1      TARIFF ANALYSIS             67

5.14.2      REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS  68

5.14.3      REGULATORY FRAMEWORK       69

5.15         PORTER’S FIVE FORCES ANALYSIS           70

5.15.1      THREAT OF SUBSTITUTES          71

5.15.2      BARGAINING POWER OF SUPPLIERS       71

5.15.3      BARGAINING POWER OF BUYERS             71

5.15.4      THREAT OF NEW ENTRANTS      71

5.15.5      INTENSITY OF COMPETITIVE RIVALRY 71

5.16         KEY STAKEHOLDERS AND BUYING CRITERIA     72

5.16.1      KEY STAKEHOLDERS IN BUYING PROCESS           72

5.16.2      BUYING CRITERIA           72

5.17         CASE STUDY ANALYSIS 73

5.17.1      ELIMINATING ENERGY PENALTIES THROUGH STRATEGIC POWER FACTOR CORRECTION         73

5.18         IMPACT OF 2025 US TARIFF – NORTH AMERICA POWER FACTOR CORRECTION MARKET               73

5.18.1      INTRODUCTION              73

5.18.2      KEY TARIFF RATES          74

5.18.3      PRICE IMPACT ANALYSIS             74

5.18.4      IMPACT ON NORTH AMERICA   74

6               NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY REACTIVE POWER              75

6.1           INTRODUCTION              76

6.2           0–200 KVAR         78

6.2.1        RISING DEMAND ACROSS SMALL COMMERCIAL APPLICATIONS TO DRIVE SEGMENTAL GROWTH             78

6.3           200–500 KVAR     79

6.3.1        RISING USE IN MEDIUM-SIZED COMMERCIAL BUILDINGS AND INDUSTRIAL FACILITIES TO DRIVE SEGMENTAL GROWTH  79

6.4           500–1,500 KVAR  79

6.4.1        INCREASING FOCUS OF LARGE INDUSTRIAL PLANT OWNERS ON MINIMIZING ENERGY LOSSES TO BOOST DEMAND                 79

6.5           ABOVE 1,500 KVAR           80

6.5.1        PRESSING NEED TO STABILIZE VOLTAGE LEVELS ACROSS POWER GRID TO SUPPORT SEGMENTAL GROWTH                 80

7               NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE           82

7.1           INTRODUCTION              83

7.2           AUTOMATIC      84

7.2.1        ABILITY TO CRAFT EFFICIENT ELECTRICAL SYSTEMS TO BOOST DEMAND      84

7.3           FIXED   85

7.3.1        RISING FOCUS ON ENERGY COST REDUCTION TO SUPPORT SEGMENTAL GROWTH             85

8               NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY SALES CHANNEL 86

8.1           INTRODUCTION              87

8.2           DISTRIBUTORS 88

8.2.1        ABILITY TO COVER BROADER GEOGRAPHIC AREAS AND ENTER

NEW MARKETS AT FASTER RATE TO BOOST SEGMENTAL GROWTH             88

8.3           OEM DIRECT     89

8.3.1        HIGHER UPFRONT COSTS FOR TRAINING SALES TEAM TO LEAD TO

SMALLER MARKET SHARE            89

9               NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY APPLICATION         90

9.1           INTRODUCTION              91

9.2           INDUSTRIAL      92

9.2.1        RISING USE OF POWER-INTENSIVE INDUSTRIAL EQUIPMENT

TO BOOST DEMAND      92

9.3           RENEWABLE      94

9.3.1        INTEGRATION OF RENEWABLE ENERGY SOURCES INTO POWER GRID TO PROPEL MARKET          94

9.4           COMMERCIAL   95

9.4.1        INCREASING DEMAND FOR ENERGY EFFICIENCY AND COST REDUCTION IN COMMERCIAL BUILDINGS TO DRIVE MARKET               95

9.5           DATA CENTER  96

9.5.1        SURGING NEED FOR EFFICIENT AND RELIABLE DATA CENTER INFRASTRUCTURE TO DRIVE MARKET GROWTH                 96

9.6           EV CHARGING   97

9.6.1        INCREASING INVESTMENT AND RAPID EXPANSION OF ELECTRIC VEHICLES TO SUPPORT MARKET GROWTH   97

10            NORTH AMERICA POWER FACTOR CORRECTION MARKET,  BY REGION  98

10.1         NORTH AMERICA             99

10.1.1      US           103

10.1.1.1  Increasing focus on sustainable energy production using renewable sources to boost demand  103

10.1.2      CANADA               104

10.1.2.1  Rising demand from automotive sector to augment market growth    104

10.1.3      MEXICO                105

10.1.3.1  Thriving industrial sector to drive demand      105

11            COMPETITIVE LANDSCAPE         106

11.1         OVERVIEW          106

11.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2023                 106

11.3         MARKET SHARE ANALYSIS, 2023                 109

11.4         REVENUE ANALYSIS, 2019–2023  111

11.5         BRAND/PRODUCT COMPARISON             112

11.6         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 113

11.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 114

11.7.1      STARS   114

11.7.2      EMERGING COMPANIES                114

11.7.3      PERVASIVE PLAYERS      114

11.7.4      PARTICIPANTS 114

11.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         116

11.7.5.1  Company footprint               116

11.7.5.2  Reactive power footprint     117

11.7.5.3  Application footprint            117

11.7.5.4  Type footprint       118

11.8         COMPETITIVE SCENARIO             118

11.8.1      PRODUCT LAUNCHES   118

11.8.2      OTHER DEVELOPMENTS              119

12            COMPANY PROFILES      120

12.1         KEY PLAYERS     120

12.1.1      SCHNEIDER ELECTRIC  120

12.1.1.1  Business overview 120

12.1.1.2  Products offered   121

12.1.1.3  Recent developments           123

12.1.1.4  MnM view              123

12.1.1.4.1                Key strengths        123

12.1.1.4.2                Strategic choices   123

12.1.1.4.3                Weaknesses and competitive threats 124

12.1.2      EATON 125

12.1.2.1  Business overview 125

12.1.2.2  Products offered   126

12.1.2.3  Recent developments           127

12.1.2.4  MnM view              128

12.1.2.4.1                Key strengths        128

12.1.2.4.2                Strategic choices   128

12.1.2.4.3                Weaknesses and competitive threats 128

12.1.3      GE VERNOVA     129

12.1.3.1  Business overview 129

12.1.3.2  Products offered   130

12.1.3.3  Recent developments           131

12.1.3.3.1                Deals      131

12.1.3.4  MnM view              132

12.1.3.4.1                Key strengths        132

12.1.3.4.2                Strategic choices   132

12.1.3.4.3                Weaknesses and competitive threats 132

12.1.4      ABB        133

12.1.4.1  Business overview 133

12.1.4.2  Products offered   134

12.1.4.3  MnM view              135

12.1.4.3.1                Key strengths        135

12.1.4.3.2                Strategic choices   136

12.1.4.3.3                Weaknesses and competitive threats 136

12.1.5      HITACHI ENERGY LTD. 137

12.1.5.1  Business overview 137

12.1.5.2  Products offered   138

12.1.5.3  Recent developments           140

12.1.5.4  MnM view              140

12.1.5.4.1                Key strengths        140

12.1.5.4.2                Strategic choices   141

12.1.5.4.3                Weaknesses and competitive threats 141

12.1.6      GENTEC               142

12.1.6.1  Business overview 142

12.1.6.2  Products offered   142

12.1.6.3  Recent developments           143

12.1.7      TCI, LLC                144

12.1.7.1  Business overview 144

12.1.7.2  Products offered   144

12.1.8      POWERSIDE       145

12.1.8.1  Business overview 145

12.1.8.2  Products offered   145

12.1.9      COS PHI                147

12.1.9.1  Business overview 147

12.1.9.2  Products offered   147

12.1.10   CONTROLLIX CORPORATION    148

12.1.10.1                 Business overview 148

12.1.10.2                 Products offered   148

12.1.11   CIRCUTOR          150

12.1.11.1                 Business overview 150

12.1.11.2                 Products offered   150

13            APPENDIX           152

13.1         INSIGHTS FROM INDUSTRY EXPERTS     152

13.2         DISCUSSION GUIDE        152

13.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                157

13.4         CUSTOMIZATION OPTIONS        159

13.5         RELATED REPORTS         159

13.6         AUTHOR DETAILS           160

LIST OF TABLES

TABLE 1                INCLUSIONS AND EXCLUSIONS, BY REACTIVE POWER 19

TABLE 2                INCLUSIONS AND EXCLUSIONS, BY TYPE                 20

TABLE 3                INCLUSIONS AND EXCLUSIONS, BY SALES CHANNEL            20

TABLE 4                INCLUSIONS AND EXCLUSIONS, BY APPLICATION   20

TABLE 5                NORTH AMERICA POWER FACTOR CORRECTION MARKET SNAPSHOT          35

TABLE 6                ROLE OF COMPANIES IN NORTH AMERICA POWER FACTOR

CORRECTION ECOSYSTEM          53

TABLE 7                WORLD GDP GROWTH PROJECTION, 2021–2028 (USD TRILLION)               56

TABLE 8                MANUFACTURING VALUE ADDED (% OF GDP), 2023        57

TABLE 9                ELECTRICITY PRODUCTION, BY COUNTRY, 2023 (TWH)   57

TABLE 10              POWER FACTOR CORRECTION MARKET: LIST OF MAJOR PATENTS, 2021–2024  60

TABLE 11              EXPORT SCENARIO FOR HS CODE 8532-COMPLIANT PRODUCTS,

BY COUNTRY,  2021–2023 (USD THOUSAND)     63

TABLE 12              IMPORT SCENARIO FOR HS CODE 8532-COMPLIANT PRODUCTS,

BY COUNTRY,  2021–2023 (USD THOUSAND)     64

TABLE 13              NORTH AMERICA POWER FACTOR CORRECTION MARKET:

LIST OF CONFERENCES AND EVENTS, 2024–2025                66

TABLE 14              INDICATIVE PRICING TREND OF CAPACITOR BANKS USED IN POWER

FACTOR CORRECTION, BY REACTIVE POWER, 2023 (USD PER UNIT)    66

TABLE 15              AVERAGE SELLING PRICE TREND OF POWER FACTOR CORRECTION SYSTEM,

BY REGION, 2021–2023 (USD PER UNIT) 67

TABLE 16              IMPORT TARIFF FOR HS CODE 8532-COMPLIANT PRODUCTS, 2023    67

TABLE 17              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  68

TABLE 18              NORTH AMERICA POWER FACTOR CORRECTION REGULATIONS,

BY REGULATORY BODY                69

TABLE 19              NORTH AMERICA POWER FACTOR CORRECTION REGULATIONS, BY COUNTRY       69

TABLE 20              NORTH AMERICA POWER FACTOR CORRECTION MARKET: IMPACT

OF PORTER’S  FIVE FORCES      70

TABLE 21              INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS

FOR TOP 3 APPLICATIONS (%)  72

TABLE 22              KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 73

TABLE 23              NORTH POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER,

2021–2023 (USD MILLION)            76

TABLE 24              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY REACTIVE

POWER, 2024–2030 (USD MILLION)           77

TABLE 25              NORTH POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER,

2021–2023 (UNITS)            77

TABLE 26              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY REACTIVE

POWER, 2024–2030 (UNITS)          77

TABLE 27              0–200 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               78

TABLE 28              0–200 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               78

TABLE 29              200–500 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               79

TABLE 30              200–500 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               79

TABLE 31              500–1,500 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               80

TABLE 32              500–1,500 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               80

TABLE 33              ABOVE 1,500 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               80

TABLE 34              ABOVE 1,500 KVAR: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               81

TABLE 35              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE,

2021–2023 (USD MILLION)            83

TABLE 36              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE,

2024–2030 (USD MILLION)            83

TABLE 37              AUTOMATIC: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               84

TABLE 38              AUTOMATIC: POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            84

TABLE 39              FIXED: NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY COUNTRY,  2021–2023 (USD MILLION)            85

TABLE 40              FIXED: NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY COUNTRY,  2024–2030 (USD MILLION)            85

TABLE 41              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,  2021–2023 (USD MILLION)            87

TABLE 42              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL,  2024–2030 (USD MILLION)            87

TABLE 43              DISTRIBUTORS: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               88

TABLE 44              DISTRIBUTORS: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               88

TABLE 45              OEM DIRECT: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               89

TABLE 46              OEM DIRECT: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               89

TABLE 47              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            91

TABLE 48              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            92

TABLE 49              INDUSTRIAL: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               92

TABLE 50              INDUSTRIAL: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               93

TABLE 51              INDUSTRIAL: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY END USER, 2021–2023 (USD MILLION)               93

TABLE 52              INDUSTRIAL: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY END USER, 2024–2030 (USD MILLION)               93

TABLE 53              RENEWABLE: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               94

TABLE 54              RENEWABLE: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               94

TABLE 55              RENEWABLE: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY SOURCE, 2021–2023 (USD MILLION)  95

TABLE 56              RENEWABLE: POWER FACTOR CORRECTION MARKET, BY SOURCE,

2024–2030 (USD MILLION)            95

TABLE 57              COMMERCIAL: POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            96

TABLE 58              COMMERCIAL: POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            96

TABLE 59              DATA CENTER: POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            96

TABLE 60              DATA CENTER: POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            97

TABLE 61              EV CHARGING: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2021–2023 (USD MILLION)               97

TABLE 62              EV CHARGING: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY COUNTRY, 2024–2030 (USD MILLION)               97

TABLE 63              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2021–2023 (USD MILLION)            99

TABLE 64              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY REACTIVE POWER, 2024–2030 (USD MILLION)            99

TABLE 65              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE,

2021–2023 (USD MILLION)            100

TABLE 66              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE,

2024–2030 (USD MILLION)            100

TABLE 67              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2021–2023 (USD MILLION)            100

TABLE 68              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY SALES CHANNEL, 2024–2030 (USD MILLION)            100

TABLE 69              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY APPLICATION,

2021–2023 (USD MILLION)            101

TABLE 70              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY APPLICATION,

2024–2030 (USD MILLION)            101

TABLE 71              NORTH AMERICA POWER FACTOR CORRECTION MARKET FOR RENEWABLE APPLICATIONS, BY SOURCE, 2021–2023 (USD MILLION)         101

TABLE 72              NORTH AMERICA POWER FACTOR CORRECTION MARKET FOR RENEWABLE APPLICATIONS, BY SOURCE, 2024–2030 (USD MILLION)         102

TABLE 73              NORTH AMERICA POWER FACTOR CORRECTION MARKET FOR INDUSTRIAL APPLICATIONS, BY END USER, 2021–2023 (USD MILLION)     102

TABLE 74              NORTH AMERICA POWER FACTOR CORRECTION MARKET FOR INDUSTRIAL APPLICATIONS, BY END USER, 2024–2030 (USD MILLION)     102

TABLE 75              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            103

TABLE 76              NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            103

TABLE 77              US: NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE,

2021–2023 (USD MILLION)            104

TABLE 78              US: NORTH AMERICA POWER FACTOR CORRECTION MARKET, BY TYPE,

2024–2030 (USD MILLION)            104

TABLE 79              CANADA: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY TYPE,  2021–2023 (USD MILLION)      104

TABLE 80              CANADA: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY TYPE,  2024–2030 (USD MILLION)      105

TABLE 81              MEXICO: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY TYPE,  2021–2023 (USD MILLION)      105

TABLE 82              MEXICO: NORTH AMERICA POWER FACTOR CORRECTION MARKET,

BY TYPE,  2024–2030 (USD MILLION)      105

TABLE 83              NORTH AMERICA POWER FACTOR CORRECTION MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, JANUARY 2019–AUGUST 2023                 106

TABLE 84              NORTH AMERICA POWER FACTOR CORRECTION MARKET:

DEGREE OF  COMPETITION, 2023            109

TABLE 85              NORTH AMERICA POWER FACTOR CORRECTION MARKET: REACTIVE

POWER FOOTPRINT       117

TABLE 86              NORTH AMERICA POWER FACTOR CORRECTION MARKET: APPLICATION FOOTPRINT        117

TABLE 87              NORTH AMERICA POWER FACTOR CORRECTION MARKET: TYPE FOOTPRINT          118

TABLE 88              NORTH AMERICA POWER FACTOR CORRECTION MARKET: PRODUCT LAUNCHES,  JANUARY 2019–JUNE 2024             118

TABLE 89              NORTH AMERICA POWER FACTOR CORRECTION MARKET: OTHER DEVELOPMENTS            119

TABLE 90              SCHNIEDER ELECTRIC: COMPANY OVERVIEW                 120

TABLE 91              SCHNIEDER ELECTRIC: PRODUCTS OFFERED                 121

TABLE 92              SCHNEIDER ELECTRIC: RECENT DEVELOPMENTS              123

TABLE 93              EATON: COMPANY OVERVIEW  125

TABLE 94              EATON: PRODUCTS OFFERED   126

TABLE 95              EATON: DEVELOPMENTS            127

TABLE 96              GE VERNOVA: COMPANY OVERVIEW      129

TABLE 97              GE VERNOVA: PRODUCTS OFFERED       130

TABLE 98              GE VERNOVA: DEALS     131

TABLE 99              ABB: COMPANY OVERVIEW         133

TABLE 100            ABB: PRODUCTS OFFERED          134

TABLE 101            HITACHI ENERGY LTD.: COMPANY OVERVIEW                 137

TABLE 102            HITACHI ENERGY LTD.: PRODUCTS OFFERED                 138

TABLE 103            HITACHI ENERGY: DEVELOPMENTS       140

TABLE 104            GENTEC: COMPANY OVERVIEW                142

TABLE 105            GENTEC: PRODUCTS OFFERED 142

TABLE 106            GENTEC: DEVELOPMENTS          143

TABLE 107            TCI, LLC: COMPANY OVERVIEW                144

TABLE 108            TCI, LLC: PRODUCTS OFFERED 144

TABLE 109            POWERSIDE: COMPANY OVERVIEW        145

TABLE 110            POWERSIDE: PRODUCTS OFFERED         145

TABLE 111            COS PHI: COMPANY OVERVIEW                147

TABLE 112            COS PHI: PRODUCTS OFFERED 147

TABLE 113            CONTROLLIX CORPORATION: COMPANY OVERVIEW          148

TABLE 114            CONTROLLIX CORPORATION: PRODUCTS OFFERED             148

TABLE 115            CIRCUTOR: COMPANY OVERVIEW           150

TABLE 116            CIRCUTOR: PRODUCTS OFFERED            150

LIST OF FIGURES

FIGURE 1              NORTH AMERICA: POWER FACTOR CORRECTION MARKET SEGMENTATION

AND REGIONAL SCOPE 19

FIGURE 2              NORTH AMERICA POWER FACTOR CORRECTION MARKET: RESEARCH DESIGN        24

FIGURE 3              NORTH AMERICA POWER FACTOR CORRECTION MARKET: DATA TRIANGULATION              25

FIGURE 4              NORTH AMERICA POWER FACTOR CORRECTION MARKET:  BOTTOM-UP APPROACH         30

FIGURE 5              NORTH AMERICA POWER FACTOR CORRECTION MARKET:  TOP-DOWN APPROACH            30

FIGURE 6              KEY STEPS CONSIDERED TO ASSESS SUPPLY OF POWER FACTOR

CORRECTION SYSTEMS 32

FIGURE 7              NORTH AMERICA POWER FACTOR CORRECTION MARKET:  SUPPLY-SIDE ANALYSIS            33

FIGURE 8              DISTRIBUTORS TO BE LARGER SALES CHANNEL SEGMENT IN 2024             36

FIGURE 9              AUTOMATIC TO BE LARGER TYPE SEGMENT IN 2024        36

FIGURE 10            INDUSTRIAL APPLICATION SEGMENT TO LEAD MARKET IN 2024                37

FIGURE 11            0–200 KVAR SEGMENT TO HOLD MAJORITY OF MARKET SHARE DURING FORECAST PERIOD     38

FIGURE 12            INCREASING DEMAND FOR ENERGY EFFICIENCY ACROSS INDUSTRIAL

SECTOR TO DRIVE MARKET       39

FIGURE 13            DISTRIBUTORS AND AUTOMATIC SEGMENTS TO HOLD LARGEST MARKET SHARE  IN 2024     40

FIGURE 14            DISTRIBUTORS SEGMENT TO CAPTURE LARGER MARKET SHARE IN 2030               40

FIGURE 15            AUTOMATIC SEGMENT TO DOMINATE MARKET IN 2030                41

FIGURE 16            0–200 KVAR SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 41

FIGURE 17            INDUSTRIAL SEGMENT TO LEAD MARKET IN 2030        42

FIGURE 18            NORTH AMERICA POWER FACTOR CORRECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     44

FIGURE 19            GLOBAL ENERGY INVESTMENTS IN CLEAN ENERGY AND FOSSIL FUELS,

2015–2023              45

FIGURE 20            WORLDWIDE ANNUAL INVESTMENT IN ENERGY EFFICIENCY BY COMPANIES

IN INDUSTRIAL SECTOR, 2020–2022          46

FIGURE 21            INVESTMENTS IN POWER GRID INFRASTRUCTURE DEVELOPMENT, 2015–2022    47

FIGURE 22            PUBLICLY AVAILABLE EV CHARGING POINTS IN US, FAST VS. SLOW, 2015–2023     48

FIGURE 23            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   50

FIGURE 24            NORTH AMERICA POWER FACTOR CORRECTION MARKET:  VALUE CHAIN ANALYSIS          51

FIGURE 25            NORTH AMERICA POWER FACTOR CORRECTION MARKET: ECOSYSTEM ANALYSIS 52

FIGURE 26            FUNDING SCENARIO FOR TOP PLAYERS                 54

FIGURE 27            IMPACT OF AI/GENERATIVE AI ON POWER FACTOR CORRECTION  SUPPLY CHAIN                55

FIGURE 28            POWER FACTOR CORRECTION MARKET: PATENTS APPLIED AND GRANTED,

2014–2023              59

FIGURE 29            EXPORT DATA FOR HS CODE 8532-COMPLIANT PRODUCTS FOR

TOP 5 COUNTRIES, 2019–2023     64

FIGURE 30            IMPORT DATA FOR HS CODE 8532-COMPLIANT PRODUCTS FOR

TOP 5 COUNTRIES, 2019–2023     65

FIGURE 31            AVERAGE SELLING PRICE TREND OF POWER FACTOR CORRECTION SYSTEM,

BY NORTH AMERICA, 2021–2023 67

FIGURE 32            NORTH AMERICA POWER FACTOR CORRECTION MARKET: PORTER’S

FIVE FORCES ANALYSIS 70

FIGURE 33            INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR

TOP 3 APPLICATIONS    72

FIGURE 34            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS      72

FIGURE 35            NORTH AMERICA POWER FACTOR CORRECTION MARKET SHARE,

BY REACTIVE POWER, 2023          76

FIGURE 36            NORTH AMERICA POWER FACTOR CORRECTION MARKET SHARE, BY TYPE, 2023     83

FIGURE 37            NORTH AMERICA POWER FACTOR CORRECTION MARKET SHARE,

BY SALES CHANNEL, 2023              87

FIGURE 38            NORTH AMERICA POWER FACTOR CORRECTION MARKET SHARE,

BY APPLICATION, 2023  91

FIGURE 39            NORTH AMERICA POWER FACTOR CORRECTION MARKET SHARE ANALYSIS, 2023   109

FIGURE 40            NORTH AMERICA POWER FACTOR CORRECTION MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023              111

FIGURE 41            BRAND COMPARISON   112

FIGURE 42            COMPANY VALUATION 113

FIGURE 43            FINANCIAL METRICS      113

FIGURE 44            NORTH AMERICA POWER FACTOR CORRECTION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023  115

FIGURE 45            NORTH AMERICA POWER FACTOR CORRECTION MARKET: COMPANY FOOTPRINT                116

FIGURE 46            SCHNIEDER ELECTRIC: COMPANY SNAPSHOT                 121

FIGURE 47            EATON: COMPANY SNAPSHOT  126

FIGURE 48            GE VERNOVA: COMPANY SNAPSHOT     130

FIGURE 49            ABB: COMPANY SNAPSHOT        134

FIGURE 50            HITACHI ENERGY LTD.: COMPANY SNAPSHOT                 138