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.
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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.
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.
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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.
On the basis of geography, the global Automatic Power Factor Controller Market is classified as North America, Europe, Asia Pacific, and Rest of the World. The North American region is projected to dominate the major share of the global Automatic Power Factor Controller Market in 2016. The major share of North America can be owed to the existence of prominent players of Automatic Power Factor Controller in the region. On the other hand, the Asia Pacific region is projected to be the fastest growing Automatic Power Factor Controller Market. The factors that attribute to the fast growth of the Asia Pacific region are rising industrialization, urbanization, and rise in infrastructure improvement. The Asia Pacific region comprises countries such as India, South Korea, China, and Japan.
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