Power Factor
Controllers supervise the reactive power of a plant and prevent overloads.
Automatic Power Factor Controllers are completely automated in function and can
accomplish preferred power factor under unstable load circumstances.
The factors that
propel the growth of the global Automatic Power Factor Controller Market
include implementation of Automatic Power Factor Controller in almost all the
industries like enterprise, military, manufacturing, commercial, etc. There is
also an increasing demand for power management devices in the industries; hence
ultimately a need for Automatic Power Factor Controller. There are a number of
essential characteristics that also drive the growth of the market such as
management of power factor, decrease in electricity expenses, need for
inhibiting electronic apparatus from destruction, and power saving.
On the other hand,
there are also factors that hamper the growth of the global Automatic Power
Factor Controller Market such as high cost of maintenance.
The global Automatic
Power Factor Controller Market is classified on the basis of type, component,
industry, and geography.
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On the basis of type,
the global Automatic Power Factor Controller Market is classified as Active
Automatic Power Factor Controller and Passive Automatic Power Factor
Controller. The Active Automatic Power Factor Controller Market dominated the
major share of the global Automatic Power Factor Controller Market in 2015 and
is also projected to rise at the highest rate during the forecast period. The
factors that attribute to the growth of this sector are adoption of Active
Automatic Power Factor Controller by several industries like commercial,
manufacturing, military, utility, etc. Additionally, the Active Automatic Power
Factor Controller consists of active components like diodes and transistors
that enable the engineers to attain high power factor as 0.99. Therefore, most
industries select Active Automatic Power Factor Controller owing to high
precision of power superiority.
On the basis of
component, the global Automatic Power Factor Controller Market is classified as
Relays, Capacitors, Displays, Microcontrollers, Switches, and Resistors.
On the basis of
industry, the global Automatic Power Factor Controller Market is classified as
Manufacturing, Utility, Commercial, Enterprise, and Military. The Utility
Industry dominated the largest share of the global Automatic Power Factor
Controller Market in 2015 and is also anticipated to grow at the highest rate
during the forecast period. The factors that attribute to the growth of this
sector are reduction in power loss in distribution system, superiority of
reactive power, and safeguarding the electronic devices from destruction.
Moreover, the Utility Industry also is also determined to enhance the power
factor.
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