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Surface Mount Power Factor Correction Controller Industry Research Report 2026
Market perspective
The global Surface Mount Power Factor Correction Controller market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Surface Mount Power Factor Correction Controller is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Surface Mount Power Factor Correction Controller is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Surface Mount Power Factor Correction Controller is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Surface Mount Power Factor Correction Controller include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Surface Mount Power Factor Correction Controller market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Surface Mount Power Factor Correction Controller.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Surface Mount Power Factor Correction Controller Market by Company
Alpha & Omega Semiconductor Inc.
Analog Devices Inc.
Cirus Logic Inc.
Diodes Incorporated
Fremont Micro Devices Ltd
Infineon Technologies
Microsemi Corporation
Monolithic Power Systems Inc.
NXP USA Inc.
onsemi
Power Integrations
Renesas Electronics America Inc
Richtek USA Inc.
Rohm Semiconductor
Sanken
STMicroelectronics
Texas Instruments
Toshiba Semiconductor and Storage
Surface Mount Power Factor Correction Controller Segment by Type
Intermittent Conduction
Continuous Conduction
Surface Mount Power Factor Correction Controller Segment by Application
Consumer Electronics
Industrial
Illumination
Other
Surface Mount Power Factor Correction Controller 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
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 Surface Mount Power Factor Correction Controller 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 Surface Mount Power Factor Correction Controller 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 Surface Mount Power Factor Correction Controller.
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 (by region, 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: Detailed analysis of Surface Mount Power Factor Correction Controller manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Surface Mount Power Factor Correction Controller by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Surface Mount Power Factor Correction Controller in regional level and country level. 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 production of each country in the world.
Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Intermittent Conduction
- Continuous Conduction
Applications
- Consumer Electronics
- Industrial
- Illumination
- Other
Companies covered
- Alpha & Omega Semiconductor Inc.
- Analog Devices Inc.
- Cirus Logic Inc.
- Diodes Incorporated
- Fremont Micro Devices Ltd
- Infineon Technologies
- Microsemi Corporation
- Monolithic Power Systems Inc.
- NXP USA Inc.
- onsemi
- Power Integrations
- Renesas Electronics America Inc
- Richtek USA Inc.
- Rohm Semiconductor
- Sanken
- STMicroelectronics
- Texas Instruments
- Toshiba Semiconductor and Storage
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 Surface Mount Power Factor Correction Controller by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Intermittent Conduction
- 2.2.3 Continuous Conduction
- 2.3 Surface Mount Power Factor Correction Controller by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Consumer Electronics
- 2.3.3 Industrial
- 2.3.4 Illumination
- 2.3.5 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Surface Mount Power Factor Correction Controller Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Surface Mount Power Factor Correction Controller Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Surface Mount Power Factor Correction Controller Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Surface Mount Power Factor Correction Controller Production by Manufacturers (2021-2026)
- 3.2 Global Surface Mount Power Factor Correction Controller Production Value by Manufacturers (2021-2026)
- 3.3 Global Surface Mount Power Factor Correction Controller Average Price by Manufacturers (2021-2026)
- 3.4 Global Surface Mount Power Factor Correction Controller Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Surface Mount Power Factor Correction Controller Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Surface Mount Power Factor Correction Controller Manufacturers, Product Type & Application
- 3.7 Global Surface Mount Power Factor Correction Controller Manufacturers Established Date
- 3.8 Global Surface Mount Power Factor Correction Controller Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Alpha & Omega Semiconductor Inc.
- 4.1.1 Alpha & Omega Semiconductor Inc. Surface Mount Power Factor Correction Controller Company Information
- 4.1.2 Alpha & Omega Semiconductor Inc. Surface Mount Power Factor Correction Controller Business Overview
- 4.1.3 Alpha & Omega Semiconductor Inc. Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.1.4 Alpha & Omega Semiconductor Inc. Product Portfolio
- 4.1.5 Alpha & Omega Semiconductor Inc. Recent Developments
- 4.2 Analog Devices Inc.
- 4.2.1 Analog Devices Inc. Surface Mount Power Factor Correction Controller Company Information
- 4.2.2 Analog Devices Inc. Surface Mount Power Factor Correction Controller Business Overview
- 4.2.3 Analog Devices Inc. Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.2.4 Analog Devices Inc. Product Portfolio
- 4.2.5 Analog Devices Inc. Recent Developments
- 4.3 Cirus Logic Inc.
- 4.3.1 Cirus Logic Inc. Surface Mount Power Factor Correction Controller Company Information
- 4.3.2 Cirus Logic Inc. Surface Mount Power Factor Correction Controller Business Overview
- 4.3.3 Cirus Logic Inc. Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.3.4 Cirus Logic Inc. Product Portfolio
- 4.3.5 Cirus Logic Inc. Recent Developments
- 4.4 Diodes Incorporated
- 4.4.1 Diodes Incorporated Surface Mount Power Factor Correction Controller Company Information
- 4.4.2 Diodes Incorporated Surface Mount Power Factor Correction Controller Business Overview
- 4.4.3 Diodes Incorporated Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.4.4 Diodes Incorporated Product Portfolio
- 4.4.5 Diodes Incorporated Recent Developments
- 4.5 Fremont Micro Devices Ltd
- 4.5.1 Fremont Micro Devices Ltd Surface Mount Power Factor Correction Controller Company Information
- 4.5.2 Fremont Micro Devices Ltd Surface Mount Power Factor Correction Controller Business Overview
- 4.5.3 Fremont Micro Devices Ltd Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.5.4 Fremont Micro Devices Ltd Product Portfolio
- 4.5.5 Fremont Micro Devices Ltd Recent Developments
- 4.6 Infineon Technologies
- 4.6.1 Infineon Technologies Surface Mount Power Factor Correction Controller Company Information
- 4.6.2 Infineon Technologies Surface Mount Power Factor Correction Controller Business Overview
- 4.6.3 Infineon Technologies Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.6.4 Infineon Technologies Product Portfolio
- 4.6.5 Infineon Technologies Recent Developments
- 4.7 Microsemi Corporation
- 4.7.1 Microsemi Corporation Surface Mount Power Factor Correction Controller Company Information
- 4.7.2 Microsemi Corporation Surface Mount Power Factor Correction Controller Business Overview
- 4.7.3 Microsemi Corporation Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.7.4 Microsemi Corporation Product Portfolio
- 4.7.5 Microsemi Corporation Recent Developments
- 4.8 Monolithic Power Systems Inc.
- 4.8.1 Monolithic Power Systems Inc. Surface Mount Power Factor Correction Controller Company Information
- 4.8.2 Monolithic Power Systems Inc. Surface Mount Power Factor Correction Controller Business Overview
- 4.8.3 Monolithic Power Systems Inc. Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.8.4 Monolithic Power Systems Inc. Product Portfolio
- 4.8.5 Monolithic Power Systems Inc. Recent Developments
- 4.9 NXP USA Inc.
- 4.9.1 NXP USA Inc. Surface Mount Power Factor Correction Controller Company Information
- 4.9.2 NXP USA Inc. Surface Mount Power Factor Correction Controller Business Overview
- 4.9.3 NXP USA Inc. Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.9.4 NXP USA Inc. Product Portfolio
- 4.9.5 NXP USA Inc. Recent Developments
- 4.10 onsemi
- 4.10.1 onsemi Surface Mount Power Factor Correction Controller Company Information
- 4.10.2 onsemi Surface Mount Power Factor Correction Controller Business Overview
- 4.10.3 onsemi Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.10.4 onsemi Product Portfolio
- 4.10.5 onsemi Recent Developments
- 4.11 Power Integrations
- 4.11.1 Power Integrations Surface Mount Power Factor Correction Controller Company Information
- 4.11.2 Power Integrations Surface Mount Power Factor Correction Controller Business Overview
- 4.11.3 Power Integrations Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.11.4 Power Integrations Product Portfolio
- 4.11.5 Power Integrations Recent Developments
- 4.12 Renesas Electronics America Inc
- 4.12.1 Renesas Electronics America Inc Surface Mount Power Factor Correction Controller Company Information
- 4.12.2 Renesas Electronics America Inc Surface Mount Power Factor Correction Controller Business Overview
- 4.12.3 Renesas Electronics America Inc Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.12.4 Renesas Electronics America Inc Product Portfolio
- 4.12.5 Renesas Electronics America Inc Recent Developments
- 4.13 Richtek USA Inc.
- 4.13.1 Richtek USA Inc. Surface Mount Power Factor Correction Controller Company Information
- 4.13.2 Richtek USA Inc. Surface Mount Power Factor Correction Controller Business Overview
- 4.13.3 Richtek USA Inc. Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.13.4 Richtek USA Inc. Product Portfolio
- 4.13.5 Richtek USA Inc. Recent Developments
- 4.14 Rohm Semiconductor
- 4.14.1 Rohm Semiconductor Surface Mount Power Factor Correction Controller Company Information
- 4.14.2 Rohm Semiconductor Surface Mount Power Factor Correction Controller Business Overview
- 4.14.3 Rohm Semiconductor Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.14.4 Rohm Semiconductor Product Portfolio
- 4.14.5 Rohm Semiconductor Recent Developments
- 4.15 Sanken
- 4.15.1 Sanken Surface Mount Power Factor Correction Controller Company Information
- 4.15.2 Sanken Surface Mount Power Factor Correction Controller Business Overview
- 4.15.3 Sanken Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.15.4 Sanken Product Portfolio
- 4.15.5 Sanken Recent Developments
- 4.16 STMicroelectronics
- 4.16.1 STMicroelectronics Surface Mount Power Factor Correction Controller Company Information
- 4.16.2 STMicroelectronics Surface Mount Power Factor Correction Controller Business Overview
- 4.16.3 STMicroelectronics Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.16.4 STMicroelectronics Product Portfolio
- 4.16.5 STMicroelectronics Recent Developments
- 4.17 Texas Instruments
- 4.17.1 Texas Instruments Surface Mount Power Factor Correction Controller Company Information
- 4.17.2 Texas Instruments Surface Mount Power Factor Correction Controller Business Overview
- 4.17.3 Texas Instruments Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.17.4 Texas Instruments Product Portfolio
- 4.17.5 Texas Instruments Recent Developments
- 4.18 Toshiba Semiconductor and Storage
- 4.18.1 Toshiba Semiconductor and Storage Surface Mount Power Factor Correction Controller Company Information
- 4.18.2 Toshiba Semiconductor and Storage Surface Mount Power Factor Correction Controller Business Overview
- 4.18.3 Toshiba Semiconductor and Storage Surface Mount Power Factor Correction Controller Production, Value and Gross Margin (2021-2026)
- 4.18.4 Toshiba Semiconductor and Storage Product Portfolio
- 4.18.5 Toshiba Semiconductor and Storage Recent Developments
5 Global Surface Mount Power Factor Correction Controller Production by Region
- 5.1 Global Surface Mount Power Factor Correction Controller Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Surface Mount Power Factor Correction Controller Production by Region: 2021-2032
- 5.2.1 Global Surface Mount Power Factor Correction Controller Production by Region: 2021-2026
- 5.2.2 Global Surface Mount Power Factor Correction Controller Production Forecast by Region (2027-2032)
- 5.3 Global Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Surface Mount Power Factor Correction Controller Production Value by Region: 2021-2032
- 5.4.1 Global Surface Mount Power Factor Correction Controller Production Value by Region: 2021-2026
- 5.4.2 Global Surface Mount Power Factor Correction Controller Production Value Forecast by Region (2027-2032)
- 5.5 Global Surface Mount Power Factor Correction Controller Market Price Analysis by Region (2021-2026)
- 5.6 Global Surface Mount Power Factor Correction Controller Production and Value, YOY Growth
- 5.6.1 North America Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea Surface Mount Power Factor Correction Controller Production Value Estimates and Forecasts (2021-2032)
6 Global Surface Mount Power Factor Correction Controller Consumption by Region
- 6.1 Global Surface Mount Power Factor Correction Controller Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Surface Mount Power Factor Correction Controller Consumption by Region (2021-2032)
- 6.2.1 Global Surface Mount Power Factor Correction Controller Consumption by Region: 2021-2026
- 6.2.2 Global Surface Mount Power Factor Correction Controller Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Surface Mount Power Factor Correction Controller Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Surface Mount Power Factor Correction Controller Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Surface Mount Power Factor Correction Controller Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Surface Mount Power Factor Correction Controller Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Surface Mount Power Factor Correction Controller Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Surface Mount Power Factor Correction Controller Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Surface Mount Power Factor Correction Controller Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Surface Mount Power Factor Correction Controller Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Surface Mount Power Factor Correction Controller Production by Type (2021-2032)
- 7.1.1 Global Surface Mount Power Factor Correction Controller Production by Type (2021-2032) & (k units)
- 7.1.2 Global Surface Mount Power Factor Correction Controller Production Market Share by Type (2021-2032)
- 7.2 Global Surface Mount Power Factor Correction Controller Production Value by Type (2021-2032)
- 7.2.1 Global Surface Mount Power Factor Correction Controller Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Surface Mount Power Factor Correction Controller Production Value Market Share by Type (2021-2032)
- 7.3 Global Surface Mount Power Factor Correction Controller Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Surface Mount Power Factor Correction Controller Production by Application (2021-2032)
- 8.1.1 Global Surface Mount Power Factor Correction Controller Production by Application (2021-2032) & (k units)
- 8.1.2 Global Surface Mount Power Factor Correction Controller Production Market Share by Application (2021-2032)
- 8.2 Global Surface Mount Power Factor Correction Controller Production Value by Application (2021-2032)
- 8.2.1 Global Surface Mount Power Factor Correction Controller Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Surface Mount Power Factor Correction Controller Production Value Market Share by Application (2021-2032)
- 8.3 Global Surface Mount Power Factor Correction Controller Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Surface Mount Power Factor Correction Controller Value Chain Analysis
- 9.1.1 Surface Mount Power Factor Correction Controller Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Surface Mount Power Factor Correction Controller Production Mode & Process
- 9.2 Surface Mount Power Factor Correction Controller Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Surface Mount Power Factor Correction Controller Distributors
- 9.2.3 Surface Mount Power Factor Correction Controller Customers
10 Global Surface Mount Power Factor Correction Controller Analyzing Market Dynamics
- 10.1 Surface Mount Power Factor Correction Controller Industry Trends
- 10.2 Surface Mount Power Factor Correction Controller Industry Drivers
- 10.3 Surface Mount Power Factor Correction Controller Industry Opportunities and Challenges
- 10.4 Surface Mount Power Factor Correction Controller Industry Restraints
11 Report Conclusion
12 Disclaimer
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