APO RESEARCH · REPORT
Power Factor Correction Devices
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.
Product & engineering
Understand the product.
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.
Selected research
Industry Research
Power Factor Correction Devices Industry Research Report 2026
Market perspective
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%.
Report Scope
Read the full market overview
This report quantifies the global Power Factor Correction Devices market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region/country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Power Factor Correction Devices.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Power Factor Correction Devices Market by Company
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
Hangzhou Yinhu Electric
Power Factor Correction Devices Segment by Type
Power Capacitor
AC Reactor
Active Power Filter
Others
Power Factor Correction Devices Segment by Application
Commercial Utility
Industrial Utility
Public Power Supply
Power Factor Correction Devices Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Power Factor Correction Devices market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Power Factor Correction Devices and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Power Factor Correction Devices.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Power Factor Correction Devices companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Power Capacitor
- AC Reactor
- Active Power Filter
- Others
Applications
- Commercial Utility
- Industrial Utility
- Public Power Supply
Companies covered
- 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
- Hangzhou Yinhu Electric
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Power Factor Correction Devices by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Power Capacitor
- 2.2.3 AC Reactor
- 2.2.4 Active Power Filter
- 2.2.5 Others
- 2.3 Power Factor Correction Devices by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Commercial Utility
- 2.3.3 Industrial Utility
- 2.3.4 Public Power Supply
- 2.4 Assumptions and Limitations
3 Power Factor Correction Devices Breakdown Data by Type
- 3.1 Global Power Factor Correction Devices Historic Market Size by Type (2021-2026)
- 3.2 Global Power Factor Correction Devices Forecasted Market Size by Type (2027-2032)
4 Power Factor Correction Devices Breakdown Data by Application
- 4.1 Global Power Factor Correction Devices Historic Market Size by Application (2021-2026)
- 4.2 Global Power Factor Correction Devices Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Power Factor Correction Devices Market Perspective (2021-2032)
- 5.2 Global Power Factor Correction Devices Growth Trends by Region
- 5.2.1 Global Power Factor Correction Devices Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Power Factor Correction Devices Historic Market Size by Region (2021-2026)
- 5.2.3 Power Factor Correction Devices Forecasted Market Size by Region (2027-2032)
- 5.3 Power Factor Correction Devices Market Dynamics
- 5.3.1 Power Factor Correction Devices Industry Trends
- 5.3.2 Power Factor Correction Devices Market Drivers
- 5.3.3 Power Factor Correction Devices Market Challenges
- 5.3.4 Power Factor Correction Devices Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Power Factor Correction Devices Players by Revenue
- 6.1.1 Global Top Power Factor Correction Devices Players by Revenue (2021-2026)
- 6.1.2 Global Power Factor Correction Devices Revenue Market Share by Players (2021-2026)
- 6.2 Global Power Factor Correction Devices Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Power Factor Correction Devices Head Office and Area Served
- 6.4 Global Power Factor Correction Devices Players, Product Type & Application
- 6.5 Global Power Factor Correction Devices Manufacturers Established Date
- 6.6 Global Power Factor Correction Devices Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Power Factor Correction Devices Market Size (2021-2032)
- 7.2 North America Power Factor Correction Devices Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Power Factor Correction Devices Market Size by Country (2021-2026)
- 7.4 North America Power Factor Correction Devices Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Power Factor Correction Devices Market Size (2021-2032)
- 8.2 Europe Power Factor Correction Devices Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Power Factor Correction Devices Market Size by Country (2021-2026)
- 8.4 Europe Power Factor Correction Devices Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Power Factor Correction Devices Market Size (2021-2032)
- 9.2 Asia-Pacific Power Factor Correction Devices Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Power Factor Correction Devices Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Power Factor Correction Devices Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Power Factor Correction Devices Market Size (2021-2032)
- 10.2 South America Power Factor Correction Devices Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Power Factor Correction Devices Market Size by Country (2021-2026)
- 10.4 South America Power Factor Correction Devices Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Power Factor Correction Devices Market Size (2021-2032)
- 11.2 Middle East & Africa Power Factor Correction Devices Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Power Factor Correction Devices Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Power Factor Correction Devices Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 ABB
- 12.1.1 ABB Company Information
- 12.1.2 ABB Business Overview
- 12.1.3 ABB Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.1.4 ABB Power Factor Correction Devices Product Portfolio
- 12.1.5 ABB Recent Developments
- 12.2 Schneider
- 12.2.1 Schneider Company Information
- 12.2.2 Schneider Business Overview
- 12.2.3 Schneider Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.2.4 Schneider Power Factor Correction Devices Product Portfolio
- 12.2.5 Schneider Recent Developments
- 12.3 Siemens
- 12.3.1 Siemens Company Information
- 12.3.2 Siemens Business Overview
- 12.3.3 Siemens Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.3.4 Siemens Power Factor Correction Devices Product Portfolio
- 12.3.5 Siemens Recent Developments
- 12.4 Eaton
- 12.4.1 Eaton Company Information
- 12.4.2 Eaton Business Overview
- 12.4.3 Eaton Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.4.4 Eaton Power Factor Correction Devices Product Portfolio
- 12.4.5 Eaton Recent Developments
- 12.5 GE Grid Solutions
- 12.5.1 GE Grid Solutions Company Information
- 12.5.2 GE Grid Solutions Business Overview
- 12.5.3 GE Grid Solutions Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.5.4 GE Grid Solutions Power Factor Correction Devices Product Portfolio
- 12.5.5 GE Grid Solutions Recent Developments
- 12.6 NISSIN ELECTRIC
- 12.6.1 NISSIN ELECTRIC Company Information
- 12.6.2 NISSIN ELECTRIC Business Overview
- 12.6.3 NISSIN ELECTRIC Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.6.4 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
- 12.6.5 NISSIN ELECTRIC Recent Developments
- 12.7 Guilin Power Capacitor
- 12.7.1 Guilin Power Capacitor Company Information
- 12.7.2 Guilin Power Capacitor Business Overview
- 12.7.3 Guilin Power Capacitor Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.7.4 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
- 12.7.5 Guilin Power Capacitor Recent Developments
- 12.8 Hubbell
- 12.8.1 Hubbell Company Information
- 12.8.2 Hubbell Business Overview
- 12.8.3 Hubbell Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.8.4 Hubbell Power Factor Correction Devices Product Portfolio
- 12.8.5 Hubbell Recent Developments
- 12.9 Xian XD Power
- 12.9.1 Xian XD Power Company Information
- 12.9.2 Xian XD Power Business Overview
- 12.9.3 Xian XD Power Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.9.4 Xian XD Power Power Factor Correction Devices Product Portfolio
- 12.9.5 Xian XD Power Recent Developments
- 12.10 Herong Electric
- 12.10.1 Herong Electric Company Information
- 12.10.2 Herong Electric Business Overview
- 12.10.3 Herong Electric Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.10.4 Herong Electric Power Factor Correction Devices Product Portfolio
- 12.10.5 Herong Electric Recent Developments
- 12.11 Shizuki Electric
- 12.11.1 Shizuki Electric Company Information
- 12.11.2 Shizuki Electric Business Overview
- 12.11.3 Shizuki Electric Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.11.4 Shizuki Electric Power Factor Correction Devices Product Portfolio
- 12.11.5 Shizuki Electric Recent Developments
- 12.12 Sieyuan Electric
- 12.12.1 Sieyuan Electric Company Information
- 12.12.2 Sieyuan Electric Business Overview
- 12.12.3 Sieyuan Electric Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.12.4 Sieyuan Electric Power Factor Correction Devices Product Portfolio
- 12.12.5 Sieyuan Electric Recent Developments
- 12.13 Socomec
- 12.13.1 Socomec Company Information
- 12.13.2 Socomec Business Overview
- 12.13.3 Socomec Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.13.4 Socomec Power Factor Correction Devices Product Portfolio
- 12.13.5 Socomec Recent Developments
- 12.14 Rongxin Power Electronic
- 12.14.1 Rongxin Power Electronic Company Information
- 12.14.2 Rongxin Power Electronic Business Overview
- 12.14.3 Rongxin Power Electronic Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.14.4 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
- 12.14.5 Rongxin Power Electronic Recent Developments
- 12.15 Ducati Energia
- 12.15.1 Ducati Energia Company Information
- 12.15.2 Ducati Energia Business Overview
- 12.15.3 Ducati Energia Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.15.4 Ducati Energia Power Factor Correction Devices Product Portfolio
- 12.15.5 Ducati Energia Recent Developments
- 12.16 Iskra
- 12.16.1 Iskra Company Information
- 12.16.2 Iskra Business Overview
- 12.16.3 Iskra Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.16.4 Iskra Power Factor Correction Devices Product Portfolio
- 12.16.5 Iskra Recent Developments
- 12.17 ICAR SpA
- 12.17.1 ICAR SpA Company Information
- 12.17.2 ICAR SpA Business Overview
- 12.17.3 ICAR SpA Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.17.4 ICAR SpA Power Factor Correction Devices Product Portfolio
- 12.17.5 ICAR SpA Recent Developments
- 12.18 Hangzhou Yinhu Electric
- 12.18.1 Hangzhou Yinhu Electric Company Information
- 12.18.2 Hangzhou Yinhu Electric Business Overview
- 12.18.3 Hangzhou Yinhu Electric Revenue in Power Factor Correction Devices Business (2021-2026)
- 12.18.4 Hangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
- 12.18.5 Hangzhou Yinhu Electric Recent Developments
13 Report Conclusion
14 Disclaimer
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