Automatic Power Factor Controller Market Size Will Attain USD 5.57 Billion by 2030 Growing at 3.1% CAGR
Market Overview:
Global Automatic Power Factor Controller Market Size Was Valued at USD 4.36 Billion In 2022 And Is Projected to Reach USD 5.57 Billion By 2030, Growing at A CAGR of 3.1% From 2023 To 2030.
An automatic power factor controller project is developed to enhance the power factor automatically whenever the power factor falls below a certain level. As we know demand for electrical energy is rising day by day. More and more inductive loads are being utilized in industry and domestic applications. Inductive loads are the key factor for low power factors in the power system. Hence, they are required to design a method to enhance the power factor automatically. Furthermore, an automatic power controller project offers a solution to this problem. Low power factor incorporates a redundant burden on the power system and transmission lines. By improving the power factor of the power system automatically, power system efficiency can be boosted.Furthermore, the power factor correction prototype is designed using a pic microcontroller, transformer, relays, current transformer, and zero-crossing circuit.
Top Key Players in the Automatic Power Factor Controller Market:
STMicroelectronics NV (Switzerland), Eaton Corporation Plc. (Ireland), General Electric Company (US), EPCOS AG (Germany), Fairchild Semiconductor International Inc. (US), Larsen & Turbo (India), APFC panels manufacturers include ABB Ltd. (Switzerland), Crompton Greaves Ltd. (India), General Electric (U.S.), Schneider Electric (France), Texas Instruments Inc. (US), ON Semiconductor Corporation (U.S.), STMicroelectronics (Switzerland), and Other Major Players.
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