Market leaders in the Automatic Power Factor Controller market include Schneider Electric SE and ABB Ltd., Eaton Corporation Inc. and General Electric Company. Texas Instruments, ON Semiconductor and STMicroelectronics are other players in this market. Other companies produce automatic power factor controllers as well, such as Shreem Electric Ltd. and Lars & Toubro Limited.
Applications
The Automatic Power Factor Controller (or APFC) regulates the voltage and current on a power line. The APFC measures the power factor of a line and sends a signal to connect or disconnect a capacitor bank. The power factor below a certain point will cause the capacitor bank to be activated. It also disconnects when it reaches a certain power factor.
The energy network continues to grow with reactive loads, which makes it crucial to control the amount of power entering a plant. Reactive power is responsible for the magnetizing current that powers motors, power transformers and inductors. The power factor controller plays an important role in correcting the energy distribution grid.
Automated power factor controllers will also be in high demand in the Asian Pacific region. This region is expected to maintain its dominance over the next years. This will require increased infrastructure development and power management device investments. These devices will increase the power factor of electric systems and extend the life expectancy of electrical equipment.
The APFC uses a bank of capacitors that increases power factor. The APFC activates the capacitors sequentially if the power factor falls below the preset value. The power factor is increased by the addition of capacitors. This can be used to reduce electrical harmonics and preserve power quality.
The Automatic Power Factor Controller monitors energy consumption and adjusts power factor automatically without human intervention. The device uses an open-source energy monitoring library to calculate power factor accurately. To improve the power factor of various electrical systems, it uses relays and a capacitor banking.
Types
Over the forecast period, the market for Automatic power factor regulators will grow rapidly. This market will grow mainly due to the utility sector. Other segments include the military, commercial, and enterprise sectors. These sectors will be expected to hold the largest market share over the forecast period.
These devices measure the plant's reactive power and attempt to match it with the desired power factor. The interface is simple and intuitive to make these devices as easy to use as possible. These devices display grid parameters and store different values. They also offer a test run option.
There are two types: single-stage or multi-stage automatic power factor controllers. Multi-stage units employ two power stages, while single-stage units use one switch to maintain the output voltage. One stage is used to regulate voltage, and the other is used in order to reduce input harmonics.
To avoid voltage problems due to inductive electrical loads, automatic power factor controllers can be very useful. Inductive loads can cause power factor lagging. In these situations, manual switching is not possible. A power factor correction system that continuously monitors and corrects power factors as necessary is available. This ensures that the power factor remains within the set range even when the load changes rapidly.
The ability to monitor voltage is another important feature of automatic power factor regulators. This allows users to monitor voltage and current levels. These devices detect voltage and current in both directions and can display power factor and phase angles.
Manufacturers
There are several regions that make up the global market for Automatic Power Factor Controllers. It covers the U.S. and Canada as well as Mexico and the rest of North America. The other key regions are Germany, France and Switzerland. Other regions include the Asia-Pacific region (APAC), the Middle East, and Africa.
The market for APFCs will grow at a 4.6% CAGR from 2016 to 2022. This is due to the growing use of APFCs within power-hungry industries like manufacturing and utility companies. These devices reduce power consumption and harmonics in electrical systems.
The demand for Automatic Power Factor Controllers will increase as people pay more attention to environmental and energy efficiency. The market will also grow due to the growing demand for power management products. Automated power factor controllers will not only reduce electricity costs but also increase the life expectancy of electrical equipment.
Eaton's MV AutoVAR product line includes metal-enclosed medium voltage capacitor banks that can be used to control varying plant power factors. These controllers can be modularized and switched between different levels of capacitance. As the plant power factor changes, additional stages may be added.
Application segmentation
The market for Automatic Power Factor Controller is segmented according to type, application, and technology. This report gives detailed information about the market size and revenue for different segments. The report also includes a forecast for seven years. It also includes information about the market's competitive landscape.
Automated Power Factor Controllers can be used in many applications, including residential, commercial, and military. They reduce energy consumption and improve efficiency. They help to maintain a perfect power factor in fluctuating conditions. Voltage fluctuations can occur when power isn't allocated correctly. This is why automatic power factor controllers have step switching up/down as well as protection features.
The market for automatic power factor control devices is divided into North America, Europe, and Asia Pacific. Further sub-divisions of the Asia-Pacific region include China, India and Japan. These regions are experiencing market growth due to their increasing energy efficiency. This trend is expected to continue for the duration of the forecast.
Over the forecast period, the global market for automatic power factor regulators is expected grow at a CAGR 4.46%. The forecast period will be challenging due to regulatory requirements. The availability of substitutes and technological limitations are other market restraints.
The market for Automatic Power Factor Controller is segmented by type, component, type of installation, and industry. This study provides an overview of the market and a forecast for each segment between 2021-2030.
Size of the market
In 2021, the market for Automatic Power Factor Controller was valued at USD 4.23 Billion. It is expected to grow to USD 5.24 Billion by 2028. The market can be segmented by technology and geographical region. The market in North America is dominated by manufacturers who produce automatic power factor controllers. Over the forecast period, Asia-Pacific will see significant growth.
There are many types of Automatic Power Factor Controllers, including Active and Passive APFCs. The market can be further divided by application (e.g., manufacturing, utility and commercial) The market can be divided by geography into Asia-Pacific and North America, Europe, Middle East & Africa, and Europe. The market is dominated by several players.
The report not only assesses market size but also analyzes the competitive landscape in order to find the best match for vendors. This analysis identifies the market opportunities and capabilities, which allows vendors expand their business and create new products. Future commercial developments such as mergers, partnerships, and market expansions are also considered.
From 2015 to 2022, the market for Automatic Power Factor Controller is expected to grow at 4.6% CAGR. This market is driven mainly by the utility sector, which was the dominant global market in 2015. This industry's efforts to increase power factor will drive the demand for these controllers.
The market will grow significantly as more industries adopt automated power factor controllers. The market will also see an increase in power factor management and lower electricity costs.