Companies Dominating the Power Factor Correction Market
- Abb Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Eaton Corporation
- Schneider Electric
- General Electric
- NAAC ENERGY CONTROLS
- WEG S.A.
- Texas Instruments Inc.
- TDK Electronics AG
- ON Semiconductor Components Industries LLC
- STMicroelectronics
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of power factor correction is evaluated at USD 2.47 billion.
The power factor correction market size was over USD 2.37 billion in 2024 and is projected to exceed USD 4.64 billion by the end of 2037, witnessing over 5.3% CAGR during the forecast period i.e., between 2025-2037. The growing demand for energy-efficient solutions and; the increasing integration of IoT and cloud computing will boost the market growth.
Asia Pacific industry is predicted to dominate majority revenue share 35% by 2037, due to rising substantial industrialization and urbanization in the region.
The major players in the market are of NAAC ENERGY CONTROLS, WEG S.A., Texas Instruments Inc., TDK Electronics AG, ON Semiconductor Components Industries LLC, STMicroelectronics, and others.
