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Global Power Factor Correction Devices Market Research Report 2026

Published Date: 2026-01-21

Report Code: QYRE-Auto-37B9101

Global Power Factor Correction Devices Market Insights and Forecast to 2028

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Global Power Factor Correction Devices Market Research Report 2026

Code: QYRE-Auto-37B9101

Report

2026-01-21

Pages:176

QYResearch

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DESCRIPTION

TABLE OF CONTENT

TABLES & FIGURES

FEATURED COMPANIES

ABB Ltd

Schneider

Siemens AG

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

Frako

Lovato Electric

WEG

COMAR Condensatori SpA

Ampcontrol

Fuji Electric

Shindengen Electric Manufacturing Co., Ltd.

NICHICON CORPORATION

KEMET Electronics

Mitsubishi Electric Corporation

AF Switchgear

Johnson & Phillips

Power Capacitors Ltd

Johnson & Phillips

Power Factor Correction Devices Market Size

The global Power Factor Correction Devices market was valued at US$ 7762 million in 2025 and is anticipated to reach US$ 10940 million by 2032, at a CAGR of 5.1% from 2026 to 2032.

Power Factor Correction Devices Market

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%.

With the global emphasis on energy conservation, emission reduction and sustainable development, governments of various countries have introduced strict energy efficiency standards and energy-saving policies. These policies have driven the demand for high-efficiency equipment. Many countries and regions have implemented mandatory energy efficiency standards, such as the EU's ErP directive and the US's ENERGY STAR certification. These regulations require that electrical equipment must meet a certain power factor, otherwise they will face fines or sales bans. In developed countries, the existing old power systems need to be gradually replaced with more efficient and reliable PFC devices to meet new energy efficiency standards and user needs. As investment in power infrastructure continues to increase in developing countries and regions, the demand for PFC devices has also increased. Especially in Asia, Africa and Latin America, power system upgrades and expansions provide huge market opportunities for PFC devices.

This report delivers a comprehensive overview of the global Power Factor Correction Devices market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Power Factor Correction Devices. The Power Factor Correction Devices market size, estimates, and forecasts are provided in terms of revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.

The report segments the global Power Factor Correction Devices market comprehensively. Regional market sizes by Type, by Application, , and by player are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.

This report will assist Power Factor Correction Devices manufacturers, new entrants, and companies across the industry value chain with information on revenues, sales volume, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.

Market Segmentation

Scope of Power Factor Correction Devices Market Report

Report Metric	Details
Report Name	Power Factor Correction Devices Market
Accounted market size in 2025	US$ 7762 in million
Forecasted market size in 2032	US$ 10940 million
CAGR	5.1%
Base Year	2025
Forecasted years	2026 - 2032
Segment by Type	Power Capacitor AC Reactor Active Power Filter Others
Segment by Application	Commercial Utility Industrial Utility Public Power Supply
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
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, FRAKO, AF Switchgear, LOVATO Electric, WEG, Johnson & Phillips, COMAR Condensatori SpA, Power Capacitors Ltd, Ampcontrol, Fuji Electric, Shindengen Electric Manufacturing Co., Ltd., NICHICON CORPORATION, KEMET Electronics, Mitsubishi Electric Corporation
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
Chapter 2: Summarizes global and regional market size and outlines market dynamics and recent developments, including key drivers, restraints, challenges and risks for industry participants, and relevant policy analysis.
Chapter 3: Provides a detailed view of the competitive landscape for Power Factor Correction Devices companies, covering revenue share, development plans, and mergers and acquisitions.
Chapter 4: Analyzes segments by Type, detailing the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 5: Analyzes segments by Application, detailing the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 6–10: Regional deep dives (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) broken down by country. Each chapter quantifies market size and growth potential by region and key countries, and outlines market development, outlook, addressable space, and capacity.
Chapter 11: Profiles key players, presenting essential information on leading companies, including product/ service offerings, revenue, gross margin, product introductions/portfolios, recent developments, etc.
Chapter 12: Key findings and conclusions of the report.

FAQ for this report

How fast is Power Factor Correction Devices Market growing?

Ans: The Power Factor Correction Devices Market witnessing a CAGR of 5.1% during the forecast period 2026-2032.

What is the Power Factor Correction Devices Market size in 2032?

Ans: The Power Factor Correction Devices Market size in 2032 will be US$ 10940 million.

What is the market share of major companies in Power Factor Correction Devices Market?

Ans: Global top four manufacturers hold a share nearly 40%.

What is the Power Factor Correction Devices Market share by region?

Ans: Asia-Pacific is the largest market, with a share above 50%.

Who are the main players in the Power Factor Correction Devices Market report?

Ans: The main players in the Power Factor Correction Devices Market are 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, FRAKO, AF Switchgear, LOVATO Electric, WEG, Johnson & Phillips, COMAR Condensatori SpA, Power Capacitors Ltd, Ampcontrol, Fuji Electric, Shindengen Electric Manufacturing Co., Ltd., NICHICON CORPORATION, KEMET Electronics, Mitsubishi Electric Corporation

What are the Application segmentation covered in the Power Factor Correction Devices Market report?

Ans: The Applications covered in the Power Factor Correction Devices Market report are Commercial Utility, Industrial Utility, Public Power Supply

What are the Type segmentation covered in the Power Factor Correction Devices Market report?

Ans: The Types covered in the Power Factor Correction Devices Market report are Power Capacitor, AC Reactor, Active Power Filter, Others

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Power Factor Correction Devices Market Size Growth Rate by Type: 2021 vs 2025 vs 2032

1.2.2 Power Capacitor

1.2.3 AC Reactor

1.2.4 Active Power Filter

1.2.5 Others

1.3 Market by Application

1.3.1 Global Power Factor Correction Devices Market Growth by Application: 2021 vs 2025 vs 2032

1.3.2 Commercial Utility

1.3.3 Industrial Utility

1.3.4 Public Power Supply

1.4 Assumptions and Limitations

1.5 Study Objectives

1.6 Years Considered

2 Global Growth Trends

2.1 Global Power Factor Correction Devices Market Perspective (2021–2032)

2.2 Global Power Factor Correction Devices Growth Trends by Region

2.2.1 Global Power Factor Correction Devices Market Size by Region: 2021 vs 2025 vs 2032

2.2.2 Power Factor Correction Devices Historic Market Size by Region (2021–2026)

2.2.3 Power Factor Correction Devices Forecasted Market Size by Region (2027–2032)

2.3 Power Factor Correction Devices Market Dynamics

2.3.1 Power Factor Correction Devices Industry Trends

2.3.2 Power Factor Correction Devices Market Drivers

2.3.3 Power Factor Correction Devices Market Challenges

2.3.4 Power Factor Correction Devices Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Power Factor Correction Devices Players by Revenue

3.1.1 Global Top Power Factor Correction Devices Players by Revenue (2021–2026)

3.1.2 Global Power Factor Correction Devices Revenue Market Share by Players (2021–2026)

3.2 Global Top Power Factor Correction Devices Players Market Share by Company Tier (Tier 1, Tier 2, Tier 3)

3.3 Global Key Players Ranking by Power Factor Correction Devices Revenue

3.4 Global Power Factor Correction Devices Market Concentration Ratio

3.4.1 Global Power Factor Correction Devices Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Power Factor Correction Devices Revenue in 2025

3.5 Global Key Players of Power Factor Correction Devices Head Offices and Areas Served

3.6 Global Key Players of Power Factor Correction Devices, Products and Applications

3.7 Global Key Players of Power Factor Correction Devices, Date of General Availability (GA)

3.8 Mergers and Acquisitions, Expansion Plans

4 Power Factor Correction Devices Breakdown Data by Type

4.1 Global Power Factor Correction Devices Historic Market Size by Type (2021–2026)

4.2 Global Power Factor Correction Devices Forecasted Market Size by Type (2027–2032)

5 Power Factor Correction Devices Breakdown Data by Application

5.1 Global Power Factor Correction Devices Historic Market Size by Application (2021–2026)

5.2 Global Power Factor Correction Devices Forecasted Market Size by Application (2027–2032)

6 North America

6.1 North America Power Factor Correction Devices Market Size (2021–2032)

6.2 North America Power Factor Correction Devices Market Growth Rate by Country: 2021 vs 2025 vs 2032

6.3 North America Power Factor Correction Devices Market Size by Country (2021–2026)

6.4 North America Power Factor Correction Devices Market Size by Country (2027–2032)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Power Factor Correction Devices Market Size (2021–2032)

7.2 Europe Power Factor Correction Devices Market Growth Rate by Country: 2021 vs 2025 vs 2032

7.3 Europe Power Factor Correction Devices Market Size by Country (2021–2026)

7.4 Europe Power Factor Correction Devices Market Size by Country (2027–2032)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Ireland

8 Asia-Pacific

8.1 Asia-Pacific Power Factor Correction Devices Market Size (2021–2032)

8.2 Asia-Pacific Power Factor Correction Devices Market Growth Rate by Region: 2021 vs 2025 vs 2032

8.3 Asia-Pacific Power Factor Correction Devices Market Size by Region (2021–2026)

8.4 Asia-Pacific Power Factor Correction Devices Market Size by Region (2027–2032)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia & New Zealand

9 Latin America

9.1 Latin America Power Factor Correction Devices Market Size (2021–2032)

9.2 Latin America Power Factor Correction Devices Market Growth Rate by Country: 2021 vs 2025 vs 2032

9.3 Latin America Power Factor Correction Devices Market Size by Country (2021–2026)

9.4 Latin America Power Factor Correction Devices Market Size by Country (2027–2032)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Power Factor Correction Devices Market Size (2021–2032)

10.2 Middle East & Africa Power Factor Correction Devices Market Growth Rate by Country: 2021 vs 2025 vs 2032

10.3 Middle East & Africa Power Factor Correction Devices Market Size by Country (2021–2026)

10.4 Middle East & Africa Power Factor Correction Devices Market Size by Country (2027–2032)

10.5 Israel

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 ABB

11.1.1 ABB Company Details

11.1.2 ABB Business Overview

11.1.3 ABB Power Factor Correction Devices Introduction

11.1.4 ABB Revenue in Power Factor Correction Devices Business (2021–2026)

11.1.5 ABB Recent Development

11.2 Schneider

11.2.1 Schneider Company Details

11.2.2 Schneider Business Overview

11.2.3 Schneider Power Factor Correction Devices Introduction

11.2.4 Schneider Revenue in Power Factor Correction Devices Business (2021–2026)

11.2.5 Schneider Recent Development

11.3 Siemens

11.3.1 Siemens Company Details

11.3.2 Siemens Business Overview

11.3.3 Siemens Power Factor Correction Devices Introduction

11.3.4 Siemens Revenue in Power Factor Correction Devices Business (2021–2026)

11.3.5 Siemens Recent Development

11.4 Eaton

11.4.1 Eaton Company Details

11.4.2 Eaton Business Overview

11.4.3 Eaton Power Factor Correction Devices Introduction

11.4.4 Eaton Revenue in Power Factor Correction Devices Business (2021–2026)

11.4.5 Eaton Recent Development

11.5 GE Grid Solutions

11.5.1 GE Grid Solutions Company Details

11.5.2 GE Grid Solutions Business Overview

11.5.3 GE Grid Solutions Power Factor Correction Devices Introduction

11.5.4 GE Grid Solutions Revenue in Power Factor Correction Devices Business (2021–2026)

11.5.5 GE Grid Solutions Recent Development

11.6 NISSIN ELECTRIC

11.6.1 NISSIN ELECTRIC Company Details

11.6.2 NISSIN ELECTRIC Business Overview

11.6.3 NISSIN ELECTRIC Power Factor Correction Devices Introduction

11.6.4 NISSIN ELECTRIC Revenue in Power Factor Correction Devices Business (2021–2026)

11.6.5 NISSIN ELECTRIC Recent Development

11.7 Guilin Power Capacitor

11.7.1 Guilin Power Capacitor Company Details

11.7.2 Guilin Power Capacitor Business Overview

11.7.3 Guilin Power Capacitor Power Factor Correction Devices Introduction

11.7.4 Guilin Power Capacitor Revenue in Power Factor Correction Devices Business (2021–2026)

11.7.5 Guilin Power Capacitor Recent Development

11.8 Hubbell

11.8.1 Hubbell Company Details

11.8.2 Hubbell Business Overview

11.8.3 Hubbell Power Factor Correction Devices Introduction

11.8.4 Hubbell Revenue in Power Factor Correction Devices Business (2021–2026)

11.8.5 Hubbell Recent Development

11.9 Xian XD Power

11.9.1 Xian XD Power Company Details

11.9.2 Xian XD Power Business Overview

11.9.3 Xian XD Power Power Factor Correction Devices Introduction

11.9.4 Xian XD Power Revenue in Power Factor Correction Devices Business (2021–2026)

11.9.5 Xian XD Power Recent Development

11.10 Herong Electric

11.10.1 Herong Electric Company Details

11.10.2 Herong Electric Business Overview

11.10.3 Herong Electric Power Factor Correction Devices Introduction

11.10.4 Herong Electric Revenue in Power Factor Correction Devices Business (2021–2026)

11.10.5 Herong Electric Recent Development

11.11 Shizuki Electric

11.11.1 Shizuki Electric Company Details

11.11.2 Shizuki Electric Business Overview

11.11.3 Shizuki Electric Power Factor Correction Devices Introduction

11.11.4 Shizuki Electric Revenue in Power Factor Correction Devices Business (2021–2026)

11.11.5 Shizuki Electric Recent Development

11.12 Sieyuan Electric

11.12.1 Sieyuan Electric Company Details

11.12.2 Sieyuan Electric Business Overview

11.12.3 Sieyuan Electric Power Factor Correction Devices Introduction

11.12.4 Sieyuan Electric Revenue in Power Factor Correction Devices Business (2021–2026)

11.12.5 Sieyuan Electric Recent Development

11.13 Socomec

11.13.1 Socomec Company Details

11.13.2 Socomec Business Overview

11.13.3 Socomec Power Factor Correction Devices Introduction

11.13.4 Socomec Revenue in Power Factor Correction Devices Business (2021–2026)

11.13.5 Socomec Recent Development

11.14 Rongxin Power Electronic

11.14.1 Rongxin Power Electronic Company Details

11.14.2 Rongxin Power Electronic Business Overview

11.14.3 Rongxin Power Electronic Power Factor Correction Devices Introduction

11.14.4 Rongxin Power Electronic Revenue in Power Factor Correction Devices Business (2021–2026)

11.14.5 Rongxin Power Electronic Recent Development

11.15 Ducati Energia

11.15.1 Ducati Energia Company Details

11.15.2 Ducati Energia Business Overview

11.15.3 Ducati Energia Power Factor Correction Devices Introduction

11.15.4 Ducati Energia Revenue in Power Factor Correction Devices Business (2021–2026)

11.15.5 Ducati Energia Recent Development

11.16 Iskra

11.16.1 Iskra Company Details

11.16.2 Iskra Business Overview

11.16.3 Iskra Power Factor Correction Devices Introduction

11.16.4 Iskra Revenue in Power Factor Correction Devices Business (2021–2026)

11.16.5 Iskra Recent Development

11.17 ICAR SpA

11.17.1 ICAR SpA Company Details

11.17.2 ICAR SpA Business Overview

11.17.3 ICAR SpA Power Factor Correction Devices Introduction

11.17.4 ICAR SpA Revenue in Power Factor Correction Devices Business (2021–2026)

11.17.5 ICAR SpA Recent Development

11.18 FRAKO

11.18.1 FRAKO Company Details

11.18.2 FRAKO Business Overview

11.18.3 FRAKO Power Factor Correction Devices Introduction

11.18.4 FRAKO Revenue in Power Factor Correction Devices Business (2021–2026)

11.18.5 FRAKO Recent Development

11.19 AF Switchgear

11.19.1 AF Switchgear Company Details

11.19.2 AF Switchgear Business Overview

11.19.3 AF Switchgear Power Factor Correction Devices Introduction

11.19.4 AF Switchgear Revenue in Power Factor Correction Devices Business (2021–2026)

11.19.5 AF Switchgear Recent Development

11.20 LOVATO Electric

11.20.1 LOVATO Electric Company Details

11.20.2 LOVATO Electric Business Overview

11.20.3 LOVATO Electric Power Factor Correction Devices Introduction

11.20.4 LOVATO Electric Revenue in Power Factor Correction Devices Business (2021–2026)

11.20.5 LOVATO Electric Recent Development

11.21 WEG

11.21.1 WEG Company Details

11.21.2 WEG Business Overview

11.21.3 WEG Power Factor Correction Devices Introduction

11.21.4 WEG Revenue in Power Factor Correction Devices Business (2021–2026)

11.21.5 WEG Recent Development

11.22 Johnson & Phillips

11.22.1 Johnson & Phillips Company Details

11.22.2 Johnson & Phillips Business Overview

11.22.3 Johnson & Phillips Power Factor Correction Devices Introduction

11.22.4 Johnson & Phillips Revenue in Power Factor Correction Devices Business (2021–2026)

11.22.5 Johnson & Phillips Recent Development

11.23 COMAR Condensatori SpA

11.23.1 COMAR Condensatori SpA Company Details

11.23.2 COMAR Condensatori SpA Business Overview

11.23.3 COMAR Condensatori SpA Power Factor Correction Devices Introduction

11.23.4 COMAR Condensatori SpA Revenue in Power Factor Correction Devices Business (2021–2026)

11.23.5 COMAR Condensatori SpA Recent Development

11.24 Power Capacitors Ltd

11.24.1 Power Capacitors Ltd Company Details

11.24.2 Power Capacitors Ltd Business Overview

11.24.3 Power Capacitors Ltd Power Factor Correction Devices Introduction

11.24.4 Power Capacitors Ltd Revenue in Power Factor Correction Devices Business (2021–2026)

11.24.5 Power Capacitors Ltd Recent Development

11.25 Ampcontrol

11.25.1 Ampcontrol Company Details

11.25.2 Ampcontrol Business Overview

11.25.3 Ampcontrol Power Factor Correction Devices Introduction

11.25.4 Ampcontrol Revenue in Power Factor Correction Devices Business (2021–2026)

11.25.5 Ampcontrol Recent Development

11.26 Fuji Electric

11.26.1 Fuji Electric Company Details

11.26.2 Fuji Electric Business Overview

11.26.3 Fuji Electric Power Factor Correction Devices Introduction

11.26.4 Fuji Electric Revenue in Power Factor Correction Devices Business (2021–2026)

11.26.5 Fuji Electric Recent Development

11.27 Shindengen Electric Manufacturing Co., Ltd.

11.27.1 Shindengen Electric Manufacturing Co., Ltd. Company Details

11.27.2 Shindengen Electric Manufacturing Co., Ltd. Business Overview

11.27.3 Shindengen Electric Manufacturing Co., Ltd. Power Factor Correction Devices Introduction

11.27.4 Shindengen Electric Manufacturing Co., Ltd. Revenue in Power Factor Correction Devices Business (2021–2026)

11.27.5 Shindengen Electric Manufacturing Co., Ltd. Recent Development

11.28 NICHICON CORPORATION

11.28.1 NICHICON CORPORATION Company Details

11.28.2 NICHICON CORPORATION Business Overview

11.28.3 NICHICON CORPORATION Power Factor Correction Devices Introduction

11.28.4 NICHICON CORPORATION Revenue in Power Factor Correction Devices Business (2021–2026)

11.28.5 NICHICON CORPORATION Recent Development

11.29 KEMET Electronics

11.29.1 KEMET Electronics Company Details

11.29.2 KEMET Electronics Business Overview

11.29.3 KEMET Electronics Power Factor Correction Devices Introduction

11.29.4 KEMET Electronics Revenue in Power Factor Correction Devices Business (2021–2026)

11.29.5 KEMET Electronics Recent Development

11.30 Mitsubishi Electric Corporation

11.30.1 Mitsubishi Electric Corporation Company Details

11.30.2 Mitsubishi Electric Corporation Business Overview

11.30.3 Mitsubishi Electric Corporation Power Factor Correction Devices Introduction

11.30.4 Mitsubishi Electric Corporation Revenue in Power Factor Correction Devices Business (2021–2026)

11.30.5 Mitsubishi Electric Corporation Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.1.1 Research Programs/Design

13.1.1.2 Market Size Estimation

13.1.1.3 Market Breakdown and Data Triangulation

13.1.2 Data Source

13.1.2.1 Secondary Sources

13.1.2.2 Primary Sources

13.2 Author Details

13.3 Disclaimer

FEATURED COMPANIES

ABB Ltd

Schneider

Siemens AG

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

Frako

Lovato Electric

WEG

COMAR Condensatori SpA

Ampcontrol

Fuji Electric

Shindengen Electric Manufacturing Co., Ltd.

NICHICON CORPORATION

KEMET Electronics

Mitsubishi Electric Corporation

AF Switchgear

Johnson & Phillips

Power Capacitors Ltd

Johnson & Phillips

List of Tables

Table 1. Global Power Factor Correction Devices Market Size Growth Rate by Type (US$ Million): 2021 vs 2025 vs 2032

Table 2. Key Players of Power Capacitor

Table 3. Key Players of AC Reactor

Table 4. Key Players of Active Power Filter

Table 5. Key Players of Others

Table 6. Global Power Factor Correction Devices Market Size Growth by Application (US$ Million): 2021 vs 2025 vs 2032

Table 7. Global Power Factor Correction Devices Market Size by Region (US$ Million): 2021 vs 2025 vs 2032

Table 8. Global Power Factor Correction Devices Market Size by Region (US$ Million), 2021–2026

Table 9. Global Power Factor Correction Devices Market Share by Region (2021–2026)

Table 10. Global Power Factor Correction Devices Forecasted Market Size by Region (US$ Million), 2027–2032

Table 11. Global Power Factor Correction Devices Market Share by Region (2027–2032)

Table 12. Power Factor Correction Devices Market Trends

Table 13. Power Factor Correction Devices Market Drivers

Table 14. Power Factor Correction Devices Market Challenges

Table 15. Power Factor Correction Devices Market Restraints

Table 16. Global Power Factor Correction Devices Revenue by Players (US$ Million), 2021–2026

Table 17. Global Power Factor Correction Devices Market Share by Players (2021–2026)

Table 18. Global Top Power Factor Correction Devices Players by Tier (Tier 1, Tier 2, and Tier 3), based on Power Factor Correction Devices Revenue, 2025

Table 19. Ranking of Global Top Power Factor Correction Devices Companies by Revenue (US$ Million) in 2025

Table 20. Global 5 Largest Players Market Share by Power Factor Correction Devices Revenue (CR5 and HHI), 2021–2026

Table 21. Global Key Players of Power Factor Correction Devices, Headquarters and Area Served

Table 22. Global Key Players of Power Factor Correction Devices, Products and Applications

Table 23. Global Key Players of Power Factor Correction Devices, Date of General Availability (GA)

Table 24. Mergers and Acquisitions, Expansion Plans

Table 25. Global Power Factor Correction Devices Market Size by Type (US$ Million), 2021–2026

Table 26. Global Power Factor Correction Devices Revenue Market Share by Type (2021–2026)

Table 27. Global Power Factor Correction Devices Forecasted Market Size by Type (US$ Million), 2027–2032

Table 28. Global Power Factor Correction Devices Revenue Market Share by Type (2027–2032)

Table 29. Global Power Factor Correction Devices Market Size by Application (US$ Million), 2021–2026

Table 30. Global Power Factor Correction Devices Revenue Market Share by Application (2021–2026)

Table 31. Global Power Factor Correction Devices Forecasted Market Size by Application (US$ Million), 2027–2032

Table 32. Global Power Factor Correction Devices Revenue Market Share by Application (2027–2032)

Table 33. North America Power Factor Correction Devices Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 34. North America Power Factor Correction Devices Market Size by Country (US$ Million), 2021–2026

Table 35. North America Power Factor Correction Devices Market Size by Country (US$ Million), 2027–2032

Table 36. Europe Power Factor Correction Devices Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 37. Europe Power Factor Correction Devices Market Size by Country (US$ Million), 2021–2026

Table 38. Europe Power Factor Correction Devices Market Size by Country (US$ Million), 2027–2032

Table 39. Asia-Pacific Power Factor Correction Devices Market Size Growth Rate by Region (US$ Million): 2021 vs 2025 vs 2032

Table 40. Asia-Pacific Power Factor Correction Devices Market Size by Region (US$ Million), 2021–2026

Table 41. Asia-Pacific Power Factor Correction Devices Market Size by Region (US$ Million), 2027–2032

Table 42. Latin America Power Factor Correction Devices Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 43. Latin America Power Factor Correction Devices Market Size by Country (US$ Million), 2021–2026

Table 44. Latin America Power Factor Correction Devices Market Size by Country (US$ Million), 2027–2032

Table 45. Middle East & Africa Power Factor Correction Devices Market Size Growth Rate by Country (US$ Million): 2021 vs 2025 vs 2032

Table 46. Middle East & Africa Power Factor Correction Devices Market Size by Country (US$ Million), 2021–2026

Table 47. Middle East & Africa Power Factor Correction Devices Market Size by Country (US$ Million), 2027–2032

Table 48. ABB Company Details

Table 49. ABB Business Overview

Table 50. ABB Power Factor Correction Devices Product

Table 51. ABB Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 52. ABB Recent Development

Table 53. Schneider Company Details

Table 54. Schneider Business Overview

Table 55. Schneider Power Factor Correction Devices Product

Table 56. Schneider Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 57. Schneider Recent Development

Table 58. Siemens Company Details

Table 59. Siemens Business Overview

Table 60. Siemens Power Factor Correction Devices Product

Table 61. Siemens Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 62. Siemens Recent Development

Table 63. Eaton Company Details

Table 64. Eaton Business Overview

Table 65. Eaton Power Factor Correction Devices Product

Table 66. Eaton Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 67. Eaton Recent Development

Table 68. GE Grid Solutions Company Details

Table 69. GE Grid Solutions Business Overview

Table 70. GE Grid Solutions Power Factor Correction Devices Product

Table 71. GE Grid Solutions Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 72. GE Grid Solutions Recent Development

Table 73. NISSIN ELECTRIC Company Details

Table 74. NISSIN ELECTRIC Business Overview

Table 75. NISSIN ELECTRIC Power Factor Correction Devices Product

Table 76. NISSIN ELECTRIC Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 77. NISSIN ELECTRIC Recent Development

Table 78. Guilin Power Capacitor Company Details

Table 79. Guilin Power Capacitor Business Overview

Table 80. Guilin Power Capacitor Power Factor Correction Devices Product

Table 81. Guilin Power Capacitor Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 82. Guilin Power Capacitor Recent Development

Table 83. Hubbell Company Details

Table 84. Hubbell Business Overview

Table 85. Hubbell Power Factor Correction Devices Product

Table 86. Hubbell Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 87. Hubbell Recent Development

Table 88. Xian XD Power Company Details

Table 89. Xian XD Power Business Overview

Table 90. Xian XD Power Power Factor Correction Devices Product

Table 91. Xian XD Power Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 92. Xian XD Power Recent Development

Table 93. Herong Electric Company Details

Table 94. Herong Electric Business Overview

Table 95. Herong Electric Power Factor Correction Devices Product

Table 96. Herong Electric Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 97. Herong Electric Recent Development

Table 98. Shizuki Electric Company Details

Table 99. Shizuki Electric Business Overview

Table 100. Shizuki Electric Power Factor Correction Devices Product

Table 101. Shizuki Electric Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 102. Shizuki Electric Recent Development

Table 103. Sieyuan Electric Company Details

Table 104. Sieyuan Electric Business Overview

Table 105. Sieyuan Electric Power Factor Correction Devices Product

Table 106. Sieyuan Electric Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 107. Sieyuan Electric Recent Development

Table 108. Socomec Company Details

Table 109. Socomec Business Overview

Table 110. Socomec Power Factor Correction Devices Product

Table 111. Socomec Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 112. Socomec Recent Development

Table 113. Rongxin Power Electronic Company Details

Table 114. Rongxin Power Electronic Business Overview

Table 115. Rongxin Power Electronic Power Factor Correction Devices Product

Table 116. Rongxin Power Electronic Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 117. Rongxin Power Electronic Recent Development

Table 118. Ducati Energia Company Details

Table 119. Ducati Energia Business Overview

Table 120. Ducati Energia Power Factor Correction Devices Product

Table 121. Ducati Energia Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 122. Ducati Energia Recent Development

Table 123. Iskra Company Details

Table 124. Iskra Business Overview

Table 125. Iskra Power Factor Correction Devices Product

Table 126. Iskra Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 127. Iskra Recent Development

Table 128. ICAR SpA Company Details

Table 129. ICAR SpA Business Overview

Table 130. ICAR SpA Power Factor Correction Devices Product

Table 131. ICAR SpA Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 132. ICAR SpA Recent Development

Table 133. FRAKO Company Details

Table 134. FRAKO Business Overview

Table 135. FRAKO Power Factor Correction Devices Product

Table 136. FRAKO Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 137. FRAKO Recent Development

Table 138. AF Switchgear Company Details

Table 139. AF Switchgear Business Overview

Table 140. AF Switchgear Power Factor Correction Devices Product

Table 141. AF Switchgear Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 142. AF Switchgear Recent Development

Table 143. LOVATO Electric Company Details

Table 144. LOVATO Electric Business Overview

Table 145. LOVATO Electric Power Factor Correction Devices Product

Table 146. LOVATO Electric Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 147. LOVATO Electric Recent Development

Table 148. WEG Company Details

Table 149. WEG Business Overview

Table 150. WEG Power Factor Correction Devices Product

Table 151. WEG Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 152. WEG Recent Development

Table 153. Johnson & Phillips Company Details

Table 154. Johnson & Phillips Business Overview

Table 155. Johnson & Phillips Power Factor Correction Devices Product

Table 156. Johnson & Phillips Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 157. Johnson & Phillips Recent Development

Table 158. COMAR Condensatori SpA Company Details

Table 159. COMAR Condensatori SpA Business Overview

Table 160. COMAR Condensatori SpA Power Factor Correction Devices Product

Table 161. COMAR Condensatori SpA Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 162. COMAR Condensatori SpA Recent Development

Table 163. Power Capacitors Ltd Company Details

Table 164. Power Capacitors Ltd Business Overview

Table 165. Power Capacitors Ltd Power Factor Correction Devices Product

Table 166. Power Capacitors Ltd Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 167. Power Capacitors Ltd Recent Development

Table 168. Ampcontrol Company Details

Table 169. Ampcontrol Business Overview

Table 170. Ampcontrol Power Factor Correction Devices Product

Table 171. Ampcontrol Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 172. Ampcontrol Recent Development

Table 173. Fuji Electric Company Details

Table 174. Fuji Electric Business Overview

Table 175. Fuji Electric Power Factor Correction Devices Product

Table 176. Fuji Electric Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 177. Fuji Electric Recent Development

Table 178. Shindengen Electric Manufacturing Co., Ltd. Company Details

Table 179. Shindengen Electric Manufacturing Co., Ltd. Business Overview

Table 180. Shindengen Electric Manufacturing Co., Ltd. Power Factor Correction Devices Product

Table 181. Shindengen Electric Manufacturing Co., Ltd. Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 182. Shindengen Electric Manufacturing Co., Ltd. Recent Development

Table 183. NICHICON CORPORATION Company Details

Table 184. NICHICON CORPORATION Business Overview

Table 185. NICHICON CORPORATION Power Factor Correction Devices Product

Table 186. NICHICON CORPORATION Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 187. NICHICON CORPORATION Recent Development

Table 188. KEMET Electronics Company Details

Table 189. KEMET Electronics Business Overview

Table 190. KEMET Electronics Power Factor Correction Devices Product

Table 191. KEMET Electronics Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 192. KEMET Electronics Recent Development

Table 193. Mitsubishi Electric Corporation Company Details

Table 194. Mitsubishi Electric Corporation Business Overview

Table 195. Mitsubishi Electric Corporation Power Factor Correction Devices Product

Table 196. Mitsubishi Electric Corporation Revenue in Power Factor Correction Devices Business (US$ Million), 2021–2026

Table 197. Mitsubishi Electric Corporation Recent Development

Table 198. Research Programs/Design for This Report

Table 199. Key Data Information from Secondary Sources

Table 200. Key Data Information from Primary Sources

Table 201. Authors List of This Report

List of Figures

Figure 1. Power Factor Correction Devices Picture

Figure 2. Global Power Factor Correction Devices Market Size Comparison by Type (US$ Million), 2021–2032

Figure 3. Global Power Factor Correction Devices Market Share by Type: 2025 vs 2032

Figure 4. Power Capacitor Features

Figure 5. AC Reactor Features

Figure 6. Active Power Filter Features

Figure 7. Others Features

Figure 8. Global Power Factor Correction Devices Market Size by Application (US$ Million), 2021–2032

Figure 9. Global Power Factor Correction Devices Market Share by Application: 2025 vs 2032

Figure 10. Commercial Utility Case Studies

Figure 11. Industrial Utility Case Studies

Figure 12. Public Power Supply Case Studies

Figure 13. Power Factor Correction Devices Report Years Considered

Figure 14. Global Power Factor Correction Devices Market Size (US$ Million), Year-over-Year: 2021–2032

Figure 15. Global Power Factor Correction Devices Market Size, (US$ Million), 2021 vs 2025 vs 2032

Figure 16. Global Power Factor Correction Devices Market Share by Region: 2025 vs 2032

Figure 17. Global Power Factor Correction Devices Market Share by Players in 2025

Figure 18. Global Power Factor Correction Devices Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

Figure 19. The Top 10 and 5 Players Market Share by Power Factor Correction Devices Revenue in 2025

Figure 20. North America Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 21. North America Power Factor Correction Devices Market Share by Country (2021–2032)

Figure 22. United States Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 23. Canada Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 24. Europe Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 25. Europe Power Factor Correction Devices Market Share by Country (2021–2032)

Figure 26. Germany Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 27. France Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 28. U.K. Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 29. Italy Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 30. Russia Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 31. Ireland Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 32. Asia-Pacific Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 33. Asia-Pacific Power Factor Correction Devices Market Share by Region (2021–2032)

Figure 34. China Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 35. Japan Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 36. South Korea Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 37. Southeast Asia Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 38. India Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 39. Australia & New Zealand Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 40. Latin America Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 41. Latin America Power Factor Correction Devices Market Share by Country (2021–2032)

Figure 42. Mexico Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 43. Brazil Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 44. Middle East & Africa Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 45. Middle East & Africa Power Factor Correction Devices Market Share by Country (2021–2032)

Figure 46. Israel Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 47. Saudi Arabia Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 48. UAE Power Factor Correction Devices Market Size YoY Growth (US$ Million), 2021–2032

Figure 49. ABB Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 50. Schneider Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 51. Siemens Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 52. Eaton Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 53. GE Grid Solutions Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 54. NISSIN ELECTRIC Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 55. Guilin Power Capacitor Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 56. Hubbell Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 57. Xian XD Power Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 58. Herong Electric Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 59. Shizuki Electric Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 60. Sieyuan Electric Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 61. Socomec Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 62. Rongxin Power Electronic Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 63. Ducati Energia Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 64. Iskra Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 65. ICAR SpA Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 66. FRAKO Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 67. AF Switchgear Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 68. LOVATO Electric Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 69. WEG Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 70. Johnson & Phillips Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 71. COMAR Condensatori SpA Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 72. Power Capacitors Ltd Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 73. Ampcontrol Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 74. Fuji Electric Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 75. Shindengen Electric Manufacturing Co., Ltd. Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 76. NICHICON CORPORATION Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 77. KEMET Electronics Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 78. Mitsubishi Electric Corporation Revenue Growth Rate in Power Factor Correction Devices Business (2021–2026)

Figure 79. Bottom-up and Top-down Approaches for This Report

Figure 80. Data Triangulation

Figure 81. Key Executives Interviewed

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