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 Growth & Trends
Global Power Factor Correction Devices Industry Growth and Trends Forecast to 2032
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.
According to APO Research, the global Power Factor Correction Devices market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Power Factor Correction Devices market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Power Factor Correction Devices market size, estimates, and forecasts are presented in terms of revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Power Factor Correction Devices market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Power Factor Correction Devices.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading companies in the global Power Factor Correction Devices market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue and gross margin data by manufacturer for 2021-2026, enabling benchmarking of scale, profitability, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
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
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
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 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: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2021-2025, 2026-2031). 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 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by 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 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of Power Factor Correction Devices companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights 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 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.3 Global Power Factor Correction Devices Market Size Overview by Region 2021 VS 2025 VS 2032
- 1.4 Global Power Factor Correction Devices Market Size by Region (2021-2032)
- 1.4.1 Global Power Factor Correction Devices Market Size by Region (2021-2026)
- 1.4.2 Global Power Factor Correction Devices Market Size by Region (2027-2032)
- 1.5 Key Regions Power Factor Correction Devices Market Size (2021-2032)
- 1.5.1 North America Power Factor Correction Devices Market Size Growth Rate (2021-2032)
- 1.5.2 Europe Power Factor Correction Devices Market Size Growth Rate (2021-2032)
- 1.5.3 Asia-Pacific Power Factor Correction Devices Market Size Growth Rate (2021-2032)
- 1.5.4 South America Power Factor Correction Devices Market Size Growth Rate (2021-2032)
- 1.5.5 Middle East & Africa Power Factor Correction Devices Market Size Growth Rate (2021-2032)
2 Power Factor Correction Devices Market by Type
- 2.1 Type Introduction
- 2.1.1 Power Capacitor
- 2.1.2 AC Reactor
- 2.1.3 Active Power Filter
- 2.1.4 Others
- 2.2 Global Power Factor Correction Devices Market Size by Type
- 2.2.1 Global Power Factor Correction Devices Market Size Overview by Type (2021-2032)
- 2.2.2 Global Power Factor Correction Devices Historic Market Size Review by Type (2021-2026)
- 2.2.3 Global Power Factor Correction Devices Market Size Forecasted by Type (2027-2032)
- 2.3 Global Power Factor Correction Devices Market Size by Regions
- 2.3.1 North America Power Factor Correction Devices Market Size Breakdown by Type (2021-2026)
- 2.3.2 Europe Power Factor Correction Devices Market Size Breakdown by Type (2021-2026)
- 2.3.3 Asia-Pacific Power Factor Correction Devices Market Size Breakdown by Type (2021-2026)
- 2.3.4 South America Power Factor Correction Devices Market Size Breakdown by Type (2021-2026)
- 2.3.5 Middle East and Africa Power Factor Correction Devices Market Size Breakdown by Type (2021-2026)
3 Power Factor Correction Devices Market by Application
- 3.1 Type Introduction
- 3.1.1 Commercial Utility
- 3.1.2 Industrial Utility
- 3.1.3 Public Power Supply
- 3.2 Global Power Factor Correction Devices Market Size by Application
- 3.2.1 Global Power Factor Correction Devices Market Size Overview by Application (2021-2032)
- 3.2.2 Global Power Factor Correction Devices Historic Market Size Review by Application (2021-2026)
- 3.2.3 Global Power Factor Correction Devices Market Size Forecasted by Application (2027-2032)
- 3.3 Global Power Factor Correction Devices Market Size by Regions
- 3.3.1 North America Power Factor Correction Devices Market Size Breakdown by Application (2021-2026)
- 3.3.2 Europe Power Factor Correction Devices Market Size Breakdown by Application (2021-2026)
- 3.3.3 Asia-Pacific Power Factor Correction Devices Market Size Breakdown by Application (2021-2026)
- 3.3.4 South America Power Factor Correction Devices Market Size Breakdown by Application (2021-2026)
- 3.3.5 Middle East and Africa Power Factor Correction Devices Market Size Breakdown by Application (2021-2026)
4 Global Market Dynamics
- 4.1 Power Factor Correction Devices Industry Trends
- 4.2 Power Factor Correction Devices Industry Drivers
- 4.3 Power Factor Correction Devices Industry Opportunities and Challenges
- 4.4 Power Factor Correction Devices Industry Restraints
5 Competitive Insights by Company
- 5.1 Global Top Players by Power Factor Correction Devices Revenue (2021-2026)
- 5.2 Global Power Factor Correction Devices Industry Company Ranking, 2024 VS 2025 VS 2026
- 5.3 Global Power Factor Correction Devices Key Company Headquarters & Area Served
- 5.4 Global Power Factor Correction Devices Company, Product Type & Application
- 5.5 Global Power Factor Correction Devices Company Commercialization Time
- 5.6 Market Competitive Analysis
- 5.6.1 Global Power Factor Correction Devices Market CR5 and HHI
- 5.6.2 Global Top 5 and 10 Power Factor Correction Devices Players Market Share by Revenue in 2025
- 5.6.3 2025 Power Factor Correction Devices Tier 1, Tier 2, and Tier 3
6 Company Profiles
- 6.1 ABB
- 6.1.1 ABB Company Information
- 6.1.2 ABB Business Overview
- 6.1.3 ABB Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.1.4 ABB Power Factor Correction Devices Product Portfolio
- 6.1.5 ABB Recent Developments
- 6.2 Schneider
- 6.2.1 Schneider Company Information
- 6.2.2 Schneider Business Overview
- 6.2.3 Schneider Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.2.4 Schneider Power Factor Correction Devices Product Portfolio
- 6.2.5 Schneider Recent Developments
- 6.3 Siemens
- 6.3.1 Siemens Company Information
- 6.3.2 Siemens Business Overview
- 6.3.3 Siemens Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.3.4 Siemens Power Factor Correction Devices Product Portfolio
- 6.3.5 Siemens Recent Developments
- 6.4 Eaton
- 6.4.1 Eaton Company Information
- 6.4.2 Eaton Business Overview
- 6.4.3 Eaton Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.4.4 Eaton Power Factor Correction Devices Product Portfolio
- 6.4.5 Eaton Recent Developments
- 6.5 GE Grid Solutions
- 6.5.1 GE Grid Solutions Company Information
- 6.5.2 GE Grid Solutions Business Overview
- 6.5.3 GE Grid Solutions Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.5.4 GE Grid Solutions Power Factor Correction Devices Product Portfolio
- 6.5.5 GE Grid Solutions Recent Developments
- 6.6 NISSIN ELECTRIC
- 6.6.1 NISSIN ELECTRIC Company Information
- 6.6.2 NISSIN ELECTRIC Business Overview
- 6.6.3 NISSIN ELECTRIC Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.6.4 NISSIN ELECTRIC Power Factor Correction Devices Product Portfolio
- 6.6.5 NISSIN ELECTRIC Recent Developments
- 6.7 Guilin Power Capacitor
- 6.7.1 Guilin Power Capacitor Company Information
- 6.7.2 Guilin Power Capacitor Business Overview
- 6.7.3 Guilin Power Capacitor Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.7.4 Guilin Power Capacitor Power Factor Correction Devices Product Portfolio
- 6.7.5 Guilin Power Capacitor Recent Developments
- 6.8 Hubbell
- 6.8.1 Hubbell Company Information
- 6.8.2 Hubbell Business Overview
- 6.8.3 Hubbell Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.8.4 Hubbell Power Factor Correction Devices Product Portfolio
- 6.8.5 Hubbell Recent Developments
- 6.9 Xian XD Power
- 6.9.1 Xian XD Power Company Information
- 6.9.2 Xian XD Power Business Overview
- 6.9.3 Xian XD Power Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.9.4 Xian XD Power Power Factor Correction Devices Product Portfolio
- 6.9.5 Xian XD Power Recent Developments
- 6.10 Herong Electric
- 6.10.1 Herong Electric Company Information
- 6.10.2 Herong Electric Business Overview
- 6.10.3 Herong Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.10.4 Herong Electric Power Factor Correction Devices Product Portfolio
- 6.10.5 Herong Electric Recent Developments
- 6.11 Shizuki Electric
- 6.11.1 Shizuki Electric Company Information
- 6.11.2 Shizuki Electric Business Overview
- 6.11.3 Shizuki Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.11.4 Shizuki Electric Power Factor Correction Devices Product Portfolio
- 6.11.5 Shizuki Electric Recent Developments
- 6.12 Sieyuan Electric
- 6.12.1 Sieyuan Electric Company Information
- 6.12.2 Sieyuan Electric Business Overview
- 6.12.3 Sieyuan Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.12.4 Sieyuan Electric Power Factor Correction Devices Product Portfolio
- 6.12.5 Sieyuan Electric Recent Developments
- 6.13 Socomec
- 6.13.1 Socomec Company Information
- 6.13.2 Socomec Business Overview
- 6.13.3 Socomec Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.13.4 Socomec Power Factor Correction Devices Product Portfolio
- 6.13.5 Socomec Recent Developments
- 6.14 Rongxin Power Electronic
- 6.14.1 Rongxin Power Electronic Company Information
- 6.14.2 Rongxin Power Electronic Business Overview
- 6.14.3 Rongxin Power Electronic Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.14.4 Rongxin Power Electronic Power Factor Correction Devices Product Portfolio
- 6.14.5 Rongxin Power Electronic Recent Developments
- 6.15 Ducati Energia
- 6.15.1 Ducati Energia Company Information
- 6.15.2 Ducati Energia Business Overview
- 6.15.3 Ducati Energia Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.15.4 Ducati Energia Power Factor Correction Devices Product Portfolio
- 6.15.5 Ducati Energia Recent Developments
- 6.16 Iskra
- 6.16.1 Iskra Company Information
- 6.16.2 Iskra Business Overview
- 6.16.3 Iskra Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.16.4 Iskra Power Factor Correction Devices Product Portfolio
- 6.16.5 Iskra Recent Developments
- 6.17 ICAR SpA
- 6.17.1 ICAR SpA Company Information
- 6.17.2 ICAR SpA Business Overview
- 6.17.3 ICAR SpA Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.17.4 ICAR SpA Power Factor Correction Devices Product Portfolio
- 6.17.5 ICAR SpA Recent Developments
- 6.18 Hangzhou Yinhu Electric
- 6.18.1 Hangzhou Yinhu Electric Company Information
- 6.18.2 Hangzhou Yinhu Electric Business Overview
- 6.18.3 Hangzhou Yinhu Electric Power Factor Correction Devices Revenue, Global Share and Gross Margin (2021-2026)
- 6.18.4 Hangzhou Yinhu Electric Power Factor Correction Devices Product Portfolio
- 6.18.5 Hangzhou Yinhu Electric Recent Developments
7 North America
- 7.1 North America Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2 North America Power Factor Correction Devices Market Size by Country (2021-2026)
- 7.3 North America Power Factor Correction Devices Market Size Forecast by Country (2027-2032)
8 Europe
- 8.1 Europe Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2 Europe Power Factor Correction Devices Market Size by Country (2021-2026)
- 8.3 Europe Power Factor Correction Devices Market Size Forecast by Country (2027-2032)
9 Asia-Pacific
- 9.1 Asia-Pacific Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2 Asia-Pacific Power Factor Correction Devices Market Size by Country (2021-2026)
- 9.3 Asia-Pacific Power Factor Correction Devices Market Size Forecast by Country (2027-2032)
10 South America
- 10.1 South America Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2 South America Power Factor Correction Devices Market Size by Country (2021-2026)
- 10.3 South America Power Factor Correction Devices Market Size Forecast by Country (2027-2032)
11 Middle East & Africa
- 11.1 Middle East & Africa Power Factor Correction Devices Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2 Middle East & Africa Power Factor Correction Devices Market Size by Country (2021-2026)
- 11.3 Middle East & Africa Power Factor Correction Devices Market Size Forecast by Country (2027-2032)
12 Concluding Insights
13 Appendix
- 13.1 Reasons for Doing This Study
- 13.2 Research Methodology
- 13.3 Research Process
- 13.4 Authors List of This Report
- 13.5 Data Source
- 13.5.1 Secondary Sources
- 13.5.2 Primary Sources
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