Power factor correction devices are recognized as a feature that is quite often found in computers and other power supply units. This particular feature is linked to the mains of the electrical system for enhancing the power factor measurement, which is a ratio of true power to the reactive power that is noted using an electricity meter. These devices are particularly used to measure the power consumption capacity of the devices.
Rising requirement to prevent damage to appliances and equipment due to overvoltage conditions is the major driver which help in surging the growth of power factor controller market whereas installation cost act as a restraining factor for this market. Growing investments in developing economies in infrastructure will add new opportunities for this market in the coming years.
The "Global Power Factor Controller Market Analysis to 2027" is a specialized and in-depth study of the power factor controller industry with a focus on the global market trend. The report aims to provide an overview of global power factor controller market with detailed market segmentation by type, component, application, and geography. The global power factor controller market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global power factor controller market based on type, component, and application. It also provides market size and forecast till 2027 for overall power factor controller market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key power factor controller market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are ABB Ltd., Eaton Corporation PLC, Schneider Electric SE, General Electric Company, Texas Instruments, Inc., Fairchild Semiconductor International, Inc., EPCOS AG, ON Semiconductor Corporation, Stmicroelectronics N.V., Crompton Greaves Ltd, and among others.