| Product Code: ETC4588885 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automatic power factor controller market import shipments experienced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate between 2023 and 2024 plummeted by -74.3%, indicating a sharp deceleration in market expansion, signaling a notable downward trend and loss of momentum in recent years.
Power factor correction is crucial for optimizing the efficiency of electrical systems, and automatic power factor controllers are used to manage power quality. The market for automatic power factor controllers in India is growing as industries and utilities focus on power factor improvement to reduce energy costs and enhance equipment lifespan. As energy efficiency becomes a priority, the market for automatic power factor controllers is set to expand.
The automatic power factor controller market in India is expanding due to the need for efficient power management in industrial and commercial electrical systems. Automatic power factor controllers optimize power factor, reduce energy losses, and improve electrical system efficiency. The market is driven by energy conservation initiatives, grid stability requirements, and the need to lower electricity costs.
The automatic power factor controller market in India confronts challenges related to energy efficiency and power quality. Ensuring that these controllers effectively manage power factor and voltage levels is vital, as it directly impacts energy consumption and grid stability. The market must also address issues related to regulatory compliance and standards, as power quality regulations become more stringent. Moreover, promoting awareness about the benefits of automatic power factor controllers in reducing electricity costs and improving the lifespan of electrical equipment is essential.
The market for automatic power factor controllers witnessed a shift in demand during the pandemic. With economic uncertainties, some industries deferred investments in power factor correction, but as operations normalize, the market is expected to recover.
The automatic power factor controller market in India features key players such as Havells India, Crompton Greaves, L&T Electrical and Automation, and Schneider Electric. These companies provide advanced solutions for managing and optimizing power factor in industrial and commercial setups.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automatic Power Factor Controller Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automatic Power Factor Controller Market Revenues & Volume, 2021 & 2031F |
3.3 India Automatic Power Factor Controller Market - Industry Life Cycle |
3.4 India Automatic Power Factor Controller Market - Porter's Five Forces |
3.5 India Automatic Power Factor Controller Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Automatic Power Factor Controller Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 India Automatic Power Factor Controller Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing emphasis on energy efficiency and power quality in industries and commercial sectors |
4.2.2 Government initiatives promoting the use of energy-efficient technologies |
4.2.3 Growing awareness about the benefits of power factor correction in reducing electricity costs |
4.3 Market Restraints |
4.3.1 Initial high installation costs of automatic power factor controllers |
4.3.2 Lack of awareness among small and medium enterprises about the importance of power factor correction |
4.3.3 Limited availability of skilled professionals for installation and maintenance of power factor correction systems |
5 India Automatic Power Factor Controller Market Trends |
6 India Automatic Power Factor Controller Market, By Types |
6.1 India Automatic Power Factor Controller Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Automatic Power Factor Controller Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Automatic Power Factor Controller Market Revenues & Volume, By Active APFC , 2021-2031F |
6.1.4 India Automatic Power Factor Controller Market Revenues & Volume, By Passive APFC, 2021-2031F |
6.2 India Automatic Power Factor Controller Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Automatic Power Factor Controller Market Revenues & Volume, By Relays, 2021-2031F |
6.2.3 India Automatic Power Factor Controller Market Revenues & Volume, By Capacitors, 2021-2031F |
6.2.4 India Automatic Power Factor Controller Market Revenues & Volume, By Displays, 2021-2031F |
6.2.5 India Automatic Power Factor Controller Market Revenues & Volume, By Microcontrollers, 2021-2031F |
6.2.6 India Automatic Power Factor Controller Market Revenues & Volume, By Switches, 2021-2031F |
6.2.7 India Automatic Power Factor Controller Market Revenues & Volume, By Resistors, 2021-2031F |
7 India Automatic Power Factor Controller Market Import-Export Trade Statistics |
7.1 India Automatic Power Factor Controller Market Export to Major Countries |
7.2 India Automatic Power Factor Controller Market Imports from Major Countries |
8 India Automatic Power Factor Controller Market Key Performance Indicators |
8.1 Average annual energy savings achieved by the installation of automatic power factor controllers |
8.2 Percentage increase in adoption of power factor correction solutions by industries and commercial establishments |
8.3 Number of training programs conducted to educate professionals and end-users about power factor correction benefits and solutions |
9 India Automatic Power Factor Controller Market - Opportunity Assessment |
9.1 India Automatic Power Factor Controller Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Automatic Power Factor Controller Market Opportunity Assessment, By Component, 2021 & 2031F |
10 India Automatic Power Factor Controller Market - Competitive Landscape |
10.1 India Automatic Power Factor Controller Market Revenue Share, By Companies, 2024 |
10.2 India Automatic Power Factor Controller Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |