According to the new report "Automatic Power Factor Controller Market by Type (Active APFC and Passive APFC), Component (Relays, Capacitors, Displays, Microcontrollers, Switches, and Resistors), Industry and Geography - Global Forecast to 2022", the global automatic power factor controller market is expected to be worth USD 4.78 Billion by 2022, growing at a CAGR of 4.6% between 2016 and 2022. Factors such as increasing need for energy conservation devices in industries and need to prevent electronic equipment from damage due to overvoltage conditions are the key drivers for the adoption of automatic power factor controller equipment.
Browse 65 market data Tables and 60 Figures spread through 143 Pages and in-depth TOC on "Automatic Power Factor Controller Market"
https://www.marketsandmarkets.com/Market-Reports/automatic-power-factor-controller-market-154317597.html
Early buyers will receive 10% customization on this report.
https://www.marketsandmarkets.com/Market-Reports/automatic-power-factor-controller-market-154317597.html
Early buyers will receive 10% customization on this report.
Active APFC market held the largest market share in 2015 and is expected to grow at the highest rate during the forecast period
Active comprise active components such as transistors and diodes that allow the designers to achieve power factor as high as 0.99. In most of the industrial applications, active power factor controllers are preferred due to their high accuracy of power quality, lightweight and wide application areas. Active APFCs are used in various industries such as manufacturing, utility, commercial, enterprise, and military. These benefits contribute to the growth of active APFCs in the market.
Adoption of APFC devices, in the utility industry, that protect the electronic devices from damage and reduce power losses are the major driving factors for the growth of the APFC market
The utility industry held the largest market share of the global APFC market in 2015. This market is expected to grow at the highest CAGR during the forecast period. Many large voltage-rated devices such as transformers and drivers in the utility industry produce poor power factor, thereby drawing more power from the mains supply. To reduce such power losses, APFCs have been adopted in the utility industry. APFCs also reduce the current harmonics in the distribution systems, reduce electric utility expenses, and increase system capacity.
North America held the largest share of the APFC market in 2015 due to the presence of major APFC vendors in the region
Major APFCs manufacturing companies such as General Electric (U.S.), Texas Instruments Inc. (U.S.), ON Semiconductor Corporation (U.S.), and Fairchild Semiconductor International, Inc. (U.S.), among others have been developing APFC panels for various industries; hence, it would help in growth of the North American APFC market. The APFC market in the U.S. held the largest market share in 2015. Additionally, the utility industry adopted the APFC panels that have been used to manage the power factor and reduce the current harmonics in the electrical distribution systems.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment