Stratistics MRC에 따르면 세계의 역률 개선 장치 시장은 2025년에 30억 6,000만 달러를 차지하고, 2032년에는 41억 4,000만 달러에 이를 것으로 예측되며, 예측 기간 중 CAGR은 4.4%를 나타낼 것으로 전망됩니다.
역률 개선 장치라고 불리는 전기 부품은 전기 시스템의 역률을 높이기 위해 사용됩니다. 에너지 효율을 높이고, 전기 요금을 낮추고, 전력 계통에 부담을 줄일 수 있습니다.
산업·상업 부문에서 높아지는 에너지 효율에 대한 요구
상업 및 산업 부문의 전력 소비량이 많기 때문에 효율화는 중요한 비용 절감 전략입니다. 따라서 PFC 장치는 운영비를 절약하고 전력 회사의 벌금을 면제하기 위해 기업에 의해 구입되고 있습니다.
기존 시스템 개조의 높은 초기 비용과 복잡성
장비, 설치 및 통합에 드는 초기 비용은 특히 중소기업에 있어 재무상의 부담이 됩니다. 설치 과정에서 이러한 기술적 어려움으로 인한 운영 중단으로 인해 도입이 저해될 수 있습니다. 또한, 수많은 산업에서 도입을 지연하거나 회피하면서 시장 성장이 둔화되고 있습니다.
신재생에너지와 스마트그리드 인프라 성장
전력 품질 저하 및 전압 변동은 이러한 산발적인 에너지 원으로 인해 발생할 수 있으며, PFC 장치는 안정화에 도움을 줍니다. 이러한 요구는 분산형 에너지 공급원을 통합하여 정확한 부하 분산을 필요로 하는 스마트 그리드 기술로 인해 더욱 심화됩니다. 이러한 최첨단 그리드 시스템에서 PFC 장치는 에너지 효율을 향상시키고 손실을 줄입니다. 세계 정부가 스마트 그리드와 재생 가능 에너지에 많은 투자를 함으로써 PFC 시장에 바람직한 환경이 갖추어지고 있습니다.
변동하는 원료 가격과 공급망의 혼란
대규모 생산에 대한 소극적인 자세와 투자의 선송은 이러한 비용 불안정의 결과인 경우가 많습니다. 특히 상업 및 산업 분야에서 프로젝트의 지연을 경험하게 됩니다. 재고관리와 장기계획도 마찬가지로 공급망의 불확실성의 영향을 받습니다.
COVID-19의 영향
COVID-19의 대유행은 제조업무의 정지, 공급체인의 중단, 산업활동의 저하에 의해 역률 개선 장치 시장에 상당한 차질을 빚었습니다. 봉쇄와 제한 조치로 인해 상업 및 산업 부문의 에너지 소비가 감소하여 전력 최적화 솔루션에 대한 수요가 감소했습니다. 그러나 세계 경제의 완만한 회복과 팬데믹 후의 산업활동의 재개로 시장의 관심은 다시 높아지고 있습니다.
예측기간 중 릴레이분야가 최대화될 전망
릴레이 분야는 커패시터 뱅크의 효율적인 제어를 통해 예측 기간 동안 최대 시장 점유율을 차지할 것으로 예상됩니다. 기업들이 자동화 및 스마트 그리드 기술을 도입함에 따라 첨단 릴레이의 필요성이 점점 더 커지고 있습니다. 이 릴레이를 모니터링 시스템에 통합하면 운영 효율성과 시스템 신뢰성이 향상됩니다.
예측 기간 동안 데이터센터 분야의 CAGR이 가장 높아질 전망
예측 기간 동안 높은 에너지 소비와 효율적인 전력 관리가 필요하기 때문에 데이터센터 분야가 가장 높은 성장률을 보일 것으로 예상됩니다. 늘어나고 전기 요금을 낮추고 전력 품질을 개선합니다. 클라우드 서비스와 AI 계산 수요 증가로 데이터센터가 확대됨에 따라 고급 PFC 솔루션의 필요성이 점점 높아지고 있습니다.
예측 기간 동안 아시아태평양은 급속한 산업화, 도시화, 중국, 인도, 동남아시아 등 국가에서의 에너지 수요 증가로 최대 시장 점유율을 차지할 것으로 예상됩니다. 이에 따라 전력 품질 문제에 대한 의식이 높아지면서 수요를 촉진하고 있습니다.
예측 기간 동안 북미가 가장 높은 CAGR을 나타낼 것으로 예상됩니다. 이는 산업계 전반에 걸쳐 전력 품질 솔루션에 대한 수요가 증가하고 있기 때문에 유틸리티과 상업 부문은 에너지 손실을 줄이고 위약금을 피하기 위해 이러한 장치를 채택합니다. 기술의 진보에 가세해, 에너지 절약 기기에 대한 정부의 우대 조치가, 채용을 한층 더 추진하고 있습니다.
According to Stratistics MRC, the Global Power Factor Correction Devices Market is accounted for $3.06 billion in 2025 and is expected to reach $4.14 billion by 2032 growing at a CAGR of 4.4% during the forecast period. Electrical components called Power Factor Correction (PFC) devices are used to raise the power factor in electrical systems. Low power factor denotes inefficient power use. Power factor is the ratio of real power to apparent power. PFC devices, such synchronous condensers or capacitors, diminish reactive power, which enhances energy efficiency, lowers electricity costs, and lessens the strain on the power system. Without the need for active electronic drivers, these devices are frequently utilised in commercial and industrial settings to improve equipment performance, maintain voltage stability, and adhere to utility standards.
Increasing demand for energy efficiency across industrial and commercial sectors
Electricity consumption in the commercial and industrial sectors is high; hence efficiency is a crucial cost-cutting strategy. By increasing power factor and resulting in optimised power utilisation, PFC devices aid in lowering energy losses. There is increasing demand on businesses and commercial buildings to adhere to sustainability objectives and energy laws. PFC devices are therefore being purchased by companies in order to save operating expenses and stay clear of utility fines. The market expansion for power factor correction devices is greatly aided by the increased emphasis on energy-efficient infrastructure.
High initial costs and complexity in retrofitting existing systems
The initial costs of equipment, installation, and integration can put a burden on finances, particularly for small and medium-sized businesses. Custom solutions are frequently needed for retrofitting old systems, which adds time and expense. The difficulty may increase if modern PFC technologies are difficult to integrate into older systems. Adoption may be discouraged by operating disruptions caused by this technical difficulty during installation. Market growth is slowed as a result of numerous industries delaying or avoiding implementation.
Growth of renewable energy and smart grid infrastructure
Poor power quality and voltage swings can be caused by these sporadic energy sources, which PFC devices help to stabilise. This need is exacerbated by smart grid technology, which integrates dispersed energy supplies that necessitate accurate load balancing. In these cutting-edge grid systems, PFC devices improve energy efficiency and lower losses. A favourable climate for the PFC market is being created by governments all around the world making significant investments in smart grids and renewable energy. Adoption of PFC devices becomes crucial for grid sustainability and reliability as utilities modernise their networks.
Fluctuating raw material prices and supply chain disruptions
Large-scale production reluctance and postponed investments are frequently the results of these cost instabilities. Supply chain interruptions, like electrical component shortages, make it more difficult to manufacture and deliver PFC devices on schedule. End users experience project delays as a result, particularly in the commercial and industrial sectors. Inventory control and long-term planning are similarly impacted by supply chain uncertainty. All things considered, these difficulties hinder market expansion and lessen competition among major participants.
Covid-19 Impact
The COVID-19 pandemic significantly disrupted the power factor correction devices market due to halted manufacturing operations, supply chain interruptions, and reduced industrial activity. Lockdowns and restrictions led to decreased energy consumption in commercial and industrial sectors, lowering the demand for power optimization solutions. However, the gradual recovery of the global economy and resumption of industrial activities post-pandemic have revived market interest. Additionally, increased focus on energy efficiency and smart grid development is expected to drive renewed growth in the coming years.
The relays segment is expected to be the largest during the forecast period
The relays segment is expected to account for the largest market share during the forecast period, due to efficient control of capacitor banks. These relays contribute to the maintenance of ideal power factor values, which lowers energy losses and increases grid stability. Advanced relays are becoming more and more necessary as companies embrace automation and smart grid technology. Their incorporation into monitoring systems improves operational effectiveness and system dependability. As a result, the increasing dependence on relays facilitates the global growth of the PFC devices market.
The data centers segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the data centers segment is predicted to witness the highest growth rate, due to their high energy consumption and need for efficient power management. Data centres need dependable and efficient electrical infrastructure to reduce energy losses as global data traffic spikes. PFC devices extend the life of equipment in these facilities, lower electricity costs, and improve power quality. Advanced PFC solutions are becoming more and more necessary as data centres expand due to the rising demand for cloud services and AI computation. As a result, this market sector makes a significant contribution to market expansion through ongoing energy-efficiency projects and infrastructural improvements.
During the forecast period, the Asia Pacific region is expected to hold the largest market share by rapid industrialization, urbanization, and rising energy demand across countries like China, India, and Southeast Asia. Increasing adoption of smart grids, supportive government initiatives for energy efficiency and growing awareness of power quality issues are fueling demand. The region's expanding manufacturing sector and infrastructural developments further contribute to market expansion. Key players are investing in advanced technologies and strategic partnerships to meet rising consumer expectations.
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to rising demand for power quality solutions across industries. Utilities and commercial sectors are adopting these devices to reduce energy losses and avoid penalty charges. The integration of smart grids and renewable energy sources is also boosting market expansion. Technological advancements, along with government incentives for energy-saving equipment, are further propelling adoption. The U.S. remains the dominant player, with Canada contributing to regional growth through infrastructure modernization projects.
Key players in the market
Some of the key players profiled in the Power Factor Correction Devices Market include ABB Ltd., Siemens AG, Schneider Electric SE, Eaton Corporation plc, General Electric Company (GE), Mitsubishi Electric Corporation, Larsen & Toubro Limited (L&T), EPCOS AG, Arteche Group, Crompton Greaves Consumer Electricals Ltd., Franklin Electric Co., Inc., Schaffner Holding AG, Weg SA, Legrand SA, Havells India Ltd., Automatic Electric Ltd., C&S Electric Limited and ICAR S.p.A.
In December 2024, ABB agreed to acquire the power electronics unit of Gamesa Electric from Siemens Gamesa. This acquisition aims to enhance ABB's position in renewable power conversion technology, adding products like Doubly-fed Induction Generator (DFIG) wind converters, industrial battery energy storage systems, and utility-scale solar power inverters.
In March 2024, Schneider Electric partnered with Capgemini to accelerate the development of a sustainable and intelligent energy management solution, with emphasis on power optimization, including power factor correction (PFC) as part of smart building infrastructures.
In January 2024, Siemens launched the SENTRON PAC3200T, a compact and powerful power monitoring device that supports power factor monitoring and analysis. It's designed for low-voltage power distribution, targeting energy efficiency and better grid performance.