The Global Automatic Power Factor Controller Market is expected to grow by $ 782.87 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period
Global Automatic Power Factor Controller Market 2020-2024
Jun 24, 2020, 04:45 ET
NEW YORK, June 24, 2020 /PRNewswire/ -- The analyst has been monitoring the automatic power factor controller market and it is poised to grow by $ 782.87 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on automatic power factor controller market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Read the full report: https://www.reportlinker.com/p05015557/?utm_source=PRN
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the use of software to analyse suitable power factor requirements and government regulations on energy consumption. In addition, upgrading industrial facilities to improve energy efficiency is anticipated to boost the growth of the market as well.
The automatic power factor controller market analysis includes product segment and geographical landscape.
The automatic power factor controller market is segmented as below:
By Product
• Active power factor controller
• Passive power factor controller
By Geographic Landscapes
• APAC
• North America
• Europe
• South America
• MEA
This study identifies the increasing use of pic microcontrollers in automatic power factor controllers as one of the prime reasons driving the automatic power factor controller market growth during the next few years. Also, the need for process automation and the use of energy-efficient solutions will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automatic power factor controller market covers the following areas:
• Automatic power factor controller market sizing
• Automatic power factor controller market forecast
• Automatic power factor controller market industry analysis
Read the full report: https://www.reportlinker.com/p05015557/?utm_source=PRN
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