Research Nester’s recent market research analysis on “Power Factor Corrector Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global power factor corrector market in terms of market segmentation by type, material, approach, application, and by region.
Growing HVAC System Around the Globe to Promote Global Market Share of Power Factor Correctors
The global power factor corrector market is estimated to grow majorly on account of the increased HVAC systems around the globe. Vigorous growth in HVAC systems around the world and augmenting the awareness among people to save electricity by connecting power factor correction devices to the electrical system led to substantial growth in requirement for power factor correction devices. Moreover, the requirement for power factor correction equipment during the forecast period is expected to be increased by application of energy efficiency norms and standards in order to develop a Public Lighting and Energy System.
Some of the major growth factors and challenges that are associated with the growth of the global power factor corrector market are:
Growth Drivers:
• Surge in Demand for Correct Power Supply
• Rising Need for Energy Efficient Solutions
Challenges:
A system of power factor correction may be difficult to set up and their effectiveness depends on a series of factors, including the particular characteristics of application and load. There may be a lack of awareness and expertise in the proper manufacture, installation & maintenance of power factor correction systems for some companies. This can result in a system that is not performing as well as it could thus affecting the whole benefits of the system. Furthermore, high in cost and lack of awareness are some of the major factors anticipated to hamper the global market size of power factor corrector.
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By Type, the global power factor corrector market is segmented into active passive and dynamic PFC. The active segment is to garner significant revenue by the end of 2036 by holding a market share of 30% over the forecast period. High-power applications like factories, data centers, and sizable industrial and commercial structures are best suited for active systems. They offer power factor adjustment that is more accurate and effective, which can save a substantial amount of energy and save carbon emissions. Additionally, the increased need to optimize electrical system performance is estimated to further support the market growth in this segment.
By region, the Asia Pacific power factor corrector market is to generate the highest revenue by the end of 2036. The growing demand for power in this area, coupled with increasing urbanization and industrial development within several countries such as China, India, Malaysia etc., has led to a strong growth of the electricity market in that region.

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This report also provides the existing competitive scenario of some of the key players of the global power factor corrector market which includes company profiling of NAAC ENERGY CONTROLS, WEG S.A., Texas Instruments Inc., TDK Electronics AG, ON Semiconductor Components Industries LLC, STMicroelectronics,, and others.
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