Power Factor Correction Devices Market Report – Research, Industry Analysis Reports and Market Demands

Global Power Factor Correction Devices Market 2025 by Company, Regions, Type and Application, Forecast to 2031

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Power Factor Correction Devices by Type
- 1.3.1 Overview: Global Power Factor Correction Devices Market Size by Type: 2020 Versus 2024 Versus 2031
- 1.3.2 Global Power Factor Correction Devices Consumption Value Market Share by Type in 2024
- 1.3.3 Power Capacitor
- 1.3.4 AC Reactor
- 1.3.5 Active Power Filter
- 1.3.6 Others
1.4 Global Power Factor Correction Devices Market by Application
- 1.4.1 Overview: Global Power Factor Correction Devices Market Size by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Commercial Utility
- 1.4.3 Industrial Utility
- 1.4.4 Public Power Supply
1.5 Global Power Factor Correction Devices Market Size & Forecast
1.6 Global Power Factor Correction Devices Market Size and Forecast by Region
- 1.6.1 Global Power Factor Correction Devices Market Size by Region: 2020 VS 2024 VS 2031
- 1.6.2 Global Power Factor Correction Devices Market Size by Region, (2020-2031)
- 1.6.3 North America Power Factor Correction Devices Market Size and Prospect (2020-2031)
- 1.6.4 Europe Power Factor Correction Devices Market Size and Prospect (2020-2031)
- 1.6.5 Asia-Pacific Power Factor Correction Devices Market Size and Prospect (2020-2031)
- 1.6.6 South America Power Factor Correction Devices Market Size and Prospect (2020-2031)
- 1.6.7 Middle East & Africa Power Factor Correction Devices Market Size and Prospect (2020-2031)

2 Company Profiles

3 Market Competition, by Players

3.1 Global Power Factor Correction Devices Revenue and Share by Players (2020-2025)
3.2 Market Share Analysis (2024)
- 3.2.1 Market Share of Power Factor Correction Devices by Company Revenue
- 3.2.2 Top 3 Power Factor Correction Devices Players Market Share in 2024
- 3.2.3 Top 6 Power Factor Correction Devices Players Market Share in 2024
3.3 Power Factor Correction Devices Market: Overall Company Footprint Analysis
- 3.3.1 Power Factor Correction Devices Market: Region Footprint
- 3.3.2 Power Factor Correction Devices Market: Company Product Type Footprint
- 3.3.3 Power Factor Correction Devices Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

4.1 Global Power Factor Correction Devices Consumption Value and Market Share by Type (2020-2025)
4.2 Global Power Factor Correction Devices Market Forecast by Type (2026-2031)

5 Market Size Segment by Application

5.1 Global Power Factor Correction Devices Consumption Value Market Share by Application (2020-2025)
5.2 Global Power Factor Correction Devices Market Forecast by Application (2026-2031)

6 North America

6.1 North America Power Factor Correction Devices Consumption Value by Type (2020-2031)
6.2 North America Power Factor Correction Devices Market Size by Application (2020-2031)
6.3 North America Power Factor Correction Devices Market Size by Country
- 6.3.1 North America Power Factor Correction Devices Consumption Value by Country (2020-2031)
- 6.3.2 United States Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 6.3.3 Canada Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 6.3.4 Mexico Power Factor Correction Devices Market Size and Forecast (2020-2031)

7 Europe

7.1 Europe Power Factor Correction Devices Consumption Value by Type (2020-2031)
7.2 Europe Power Factor Correction Devices Consumption Value by Application (2020-2031)
7.3 Europe Power Factor Correction Devices Market Size by Country
- 7.3.1 Europe Power Factor Correction Devices Consumption Value by Country (2020-2031)
- 7.3.2 Germany Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 7.3.3 France Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 7.3.4 United Kingdom Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 7.3.5 Russia Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 7.3.6 Italy Power Factor Correction Devices Market Size and Forecast (2020-2031)

8 Asia-Pacific

8.1 Asia-Pacific Power Factor Correction Devices Consumption Value by Type (2020-2031)
8.2 Asia-Pacific Power Factor Correction Devices Consumption Value by Application (2020-2031)
8.3 Asia-Pacific Power Factor Correction Devices Market Size by Region
- 8.3.1 Asia-Pacific Power Factor Correction Devices Consumption Value by Region (2020-2031)
- 8.3.2 China Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 8.3.3 Japan Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 8.3.4 South Korea Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 8.3.5 India Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 8.3.6 Southeast Asia Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 8.3.7 Australia Power Factor Correction Devices Market Size and Forecast (2020-2031)

9 South America

9.1 South America Power Factor Correction Devices Consumption Value by Type (2020-2031)
9.2 South America Power Factor Correction Devices Consumption Value by Application (2020-2031)
9.3 South America Power Factor Correction Devices Market Size by Country
- 9.3.1 South America Power Factor Correction Devices Consumption Value by Country (2020-2031)
- 9.3.2 Brazil Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 9.3.3 Argentina Power Factor Correction Devices Market Size and Forecast (2020-2031)

10 Middle East & Africa

10.1 Middle East & Africa Power Factor Correction Devices Consumption Value by Type (2020-2031)
10.2 Middle East & Africa Power Factor Correction Devices Consumption Value by Application (2020-2031)
10.3 Middle East & Africa Power Factor Correction Devices Market Size by Country
- 10.3.1 Middle East & Africa Power Factor Correction Devices Consumption Value by Country (2020-2031)
- 10.3.2 Turkey Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 10.3.3 Saudi Arabia Power Factor Correction Devices Market Size and Forecast (2020-2031)
- 10.3.4 UAE Power Factor Correction Devices Market Size and Forecast (2020-2031)

11 Market Dynamics

11.1 Power Factor Correction Devices Market Drivers
11.2 Power Factor Correction Devices Market Restraints
11.3 Power Factor Correction Devices Trends Analysis
11.4 Porters Five Forces Analysis
- 11.4.1 Threat of New Entrants
- 11.4.2 Bargaining Power of Suppliers
- 11.4.3 Bargaining Power of Buyers
- 11.4.4 Threat of Substitutes
- 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

12.1 Power Factor Correction Devices Industry Chain
12.2 Power Factor Correction Devices Upstream Analysis
12.3 Power Factor Correction Devices Midstream Analysis
12.4 Power Factor Correction Devices Downstream Analysis

13 Research Findings and Conclusion

14 Appendix

14.1 Methodology
14.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Power Factor Correction Devices market size was valued at US$ 7636 million in 2024 and is forecast to a readjusted size of USD 10690 million by 2031 with a CAGR of 5.0% during review period.
Power-factor correction increases the power factor of a load, improving efficiency for the distribution system to which it is attached. Linear loads with low power factor (such as induction motors) can be corrected with a passive network of capacitors or inductors. Non-linear loads, such as rectifiers, distort the current drawn from the system. In such cases, active or passive power factor correction may be used to counteract the distortion and raise the power factor. The devices for correction of the power factor may be at a central substation, spread out over a distribution system, or built into power-consuming equipment.
Global Power Factor Correction Devices main players are ABB, Schneider, Siemens, Eaton, etc. Global top four manufacturers hold a share nearly 40%. Asia-Pacific is the largest market, with a share above 50%.
With the global emphasis on energy conservation, emission reduction and sustainable development, governments of various countries have introduced strict energy efficiency standards and energy-saving policies. These policies have driven the demand for high-efficiency equipment. Many countries and regions have implemented mandatory energy efficiency standards, such as the EU's ErP directive and the US's ENERGY STAR certification. These regulations require that electrical equipment must meet a certain power factor, otherwise they will face fines or sales bans. In developed countries, the existing old power systems need to be gradually replaced with more efficient and reliable PFC devices to meet new energy efficiency standards and user needs. As investment in power infrastructure continues to increase in developing countries and regions, the demand for PFC devices has also increased. Especially in Asia, Africa and Latin America, power system upgrades and expansions provide huge market opportunities for PFC devices.
This report is a detailed and comprehensive analysis for global Power Factor Correction Devices market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Power Factor Correction Devices market size and forecasts, in consumption value ($ Million), 2020-2031
Global Power Factor Correction Devices market size and forecasts by region and country, in consumption value ($ Million), 2020-2031
Global Power Factor Correction Devices market size and forecasts, by Type and by Application, in consumption value ($ Million), 2020-2031
Global Power Factor Correction Devices market shares of main players, in revenue ($ Million), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Power Factor Correction Devices
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Power Factor Correction Devices market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ABB, Schneider, Siemens, Eaton, GE Grid Solutions, NISSIN ELECTRIC, Guilin Power Capacitor, Hubbell, Xian XD Power, Herong Electric, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Power Factor Correction Devices market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Power Capacitor
AC Reactor
Active Power Filter
Others
Market segment by Application
Commercial Utility
Industrial Utility
Public Power Supply
Market segment by players, this report covers
ABB
Schneider
Siemens
Eaton
GE Grid Solutions
NISSIN ELECTRIC
Guilin Power Capacitor
Hubbell
Xian XD Power
Herong Electric
Shizuki Electric
Sieyuan Electric
Socomec
Rongxin Power Electronic
Ducati Energia
Iskra
ICAR SpA
FRAKO
AF Switchgear
LOVATO Electric
WEG
Johnson & Phillips
COMAR Condensatori SpA
Power Capacitors Ltd
Ampcontrol
Fuji Electric
Shindengen Electric Manufacturing Co., Ltd.
NICHICON CORPORATION
KEMET Electronics
Mitsubishi Electric Corporation
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Power Factor Correction Devices product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Power Factor Correction Devices, with revenue, gross margin, and global market share of Power Factor Correction Devices from 2020 to 2025.
Chapter 3, the Power Factor Correction Devices competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2020 to 2031
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2020 to 2025.and Power Factor Correction Devices market forecast, by regions, by Type and by Application, with consumption value, from 2026 to 2031.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Power Factor Correction Devices.
Chapter 13, to describe Power Factor Correction Devices research findings and conclusion.

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