New York, Sept. 28, 2021 (GLOBE NEWSWIRE) —\u00a0According to the statistics by the International Energy Agency (IEA), the sales of electric cars in the year 2019 reached 2.1 Million, representing a share of 2.6% of global car sales. In addition, the fleet of electric cars in the same year added to 7.2 Million. Additionally, consumption of electricity around the world increased from 14157.1 TWh in the year 2000 to 24738.9 TWh in the year 2018.<\/em>\u00a0Furthermore, electricity consumption in industries, grew from 464.5 Mtoe in the year 2000 to 805 Mtoe in the year 2018.<\/em><\/p>\n Research Nester has recently released a market research report on \u201cGlobal Power Factor Corrector Market<\/u><\/a><\/strong>\u201d which focuses on the latest developments, the key strategies adopted by the key players operating in the market, along with the growth factors, opportunities, and challenges that are associated with the growth of the market during the forecast period 2020-2028.<\/p>\n The sales of electric vehicles are growing at a momentous pace. Backed by the increasing sales of EVs, the demand for power factor correctors, which are widely used in electric vehicles, is expected to increase significantly. Moreover, with the growing consumption of electricity worldwide, especially in industries, the demand for power factor correctors for quality electrical power, is also anticipated to increase, and in turn, drive the market growth. The global power factor corrector market is anticipated to garner a revenue of USD 1,685,429.9 Thousand by the end of 2028, up from a revenue of USD 1,152,000 Thousand in 2019. The market is further projected to grow with a CAGR of 4.37% during the forecast period. The market is also anticipated to grow on account of the growing spending on the internet of things (IoT), which is expected to reach around USD 1 Trillion by the end of 2023, and for the growing number of data centers to support the IT infrastructure. Data centers require a constant power supply for uninterrupted operations and they also consume huge electrical power. Increasing need for power efficient systems for data centers to increase the service life of the equipment in data centers is anticipated to drive the growth of the global power factor corrector market during the forecast period.<\/p>\n Get a sample copy of the report@<\/strong>\u00a0https:\/\/www.researchnester. The market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst these regions, the market in the Asia Pacific is expected to hold the highest share and further attain a market revenue of USD 793,264 Thousand by the end of 2028, up from a revenue of USD 518,400 Thousand in the year 2019. The market in the region is further projected to grow with the highest CAGR of 4.89% during the forecast period. Alternatively, the market in North America is anticipated to hold the second-largest share and further reach market revenue of USD 406,327.1 Thousand by the end of 2028, up from a revenue of USD 2764,80 Thousand in 2019. The market in the region is further expected to reach USD 299,339.6 Thousand by the end of 2021.<\/p>\n The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).<\/p>\n Get a Sample PDF of Power Factor Corrector Market Report 2021<\/u><\/a><\/strong><\/p>\n The market is segmented by material into gallium nitride based PFC devices, silicon carbide based PFC devices, and silicon based PFC devices. Out of these, the silicon carbide based PFC devices segment garnered the largest market share and is further estimated to achieve a market revenue of USD 1,291,380.7 Thousand by the end of 2028, up from a revenue of USD 866,954.9 Thousand in 2019. Moreover, the market is also segmented by type into active PFC, Passive PFC, and Dynamic PFC. Amongst these segments, the active PFC segment is expected to hold the largest market share throughout the forecast period. The segment garnered a market revenue of USD 716,417.3 Thousand in the year 2019 and is further projected to reach USD 1,105,434.2 Thousand by the end of 2028. The segment is also anticipated to grow with the highest CAGR of 4.99% during the forecast period.<\/p>\n The global power factor corrector market is also segmented by approach, and by end user vertical.<\/strong><\/p>\n Global Power Factor Corrector Market, Segmentation by Approach<\/strong><\/p>\n Global Power Factor Corrector Market, Segmentation by End User Vertical<\/strong><\/p>\n Do You Have Any Query Or Specific Requirement? Ask to Our Expert<\/u><\/a><\/strong><\/p>\n Some of the leading players in the global power factor corrector market are ABB Ltd., Eaton Corporation, Schneider Electric, General Electric, NAAC ENERGY CONTROLS, WEG S.A., Texas Instruments Incorporated, TDK Electronics AG, ON Semiconductor Components Industries, LLC, STMicroelectronics, and others.<\/p>\n Explore Our Recent Related Reports:<\/em><\/strong><\/p>\n Automotive Camera Market<\/u><\/a><\/strong>\u00a0Segmentation by Vehicle Type (Passenger Vehicles, and Commercial Vehicles); by Application (Advanced Driver Assistant Systems, Park Assist, and Others); and by Technology (Thermal, Infrared, and Digital) \u2013 Global Demand Analysis & Opportunity Outlook 2030 About Research Nester<\/strong><\/p>\n Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.<\/p>\n Contact for more Info:<\/strong> For More Update Follow:-<\/strong>\u00a0LinkedIn<\/u><\/strong><\/a>\u00a0|\u00a0Twitter<\/u><\/strong><\/a>\u00a0|\u00a0 Key Companies Covered in the Power Factor Corrector Market Research Report Are ABB Ltd., Eaton Corporation, Schneider Electric, General Electric, NAAC ENERGY CONTROLS, WEG S.A., Texas Instruments Incorporated, TDK Electronics AG, ON Semiconductor Components Industries, LLC, STMicroelectronics, and others., and other key market players. New York, Sept. 28, 2021 (GLOBE NEWSWIRE) \u2014\u00a0According to the statistics [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"\n\n
\n
\nHolographic Display Market<\/u><\/a><\/strong>\u00a0Segmentation By Technology (Touchable, Semi-Transparent or Electro, Pistons and Laser or Plasma Holographic); and By End User (Consumer Electronics, Commercial, Aerospace & Defense, Medical and Industrial) \u2013 Global Demand Analysis & Opportunity Outlook 2027
\nElectrofishing Equipment Market<\/u><\/a><\/strong>\u00a0Segmentation By Product Type (Backpack, Floats, Shore-Based, Boat Mounted, Barge Mounted), By Input Power Source (Battery, Generator, Grid Connectivity), By Output Power Range (1700W – 8500W, 10,000W \u2013 30,000W and >39,600W), By End-User (Fishery, Research) \u2013 Global Demand Analysis And Opportunity Outlook 2027
\nSelfie Drones Market<\/u><\/a><\/strong>\u00a0Segmentation By Size (Mini, Micro and Nano); By Wing Type (Fixed and Foldable); By Camera Resolution (0.2Mp – 0.5MP, 1MP \u2013 5MP, 7MP \u2013 13MP and greater than 13MP); By Hovering Time (8min \u2013 10min, 12min \u2013 20min and greater than 20min) and By Hovering Range (100m \u2013 500m, 600m \u2013 2000m, 2500m \u2013 4000m and greater than 4000m) \u2013 Global Demand Analysis & Opportunity Outlook 2028
\nWireless Display Market<\/u><\/a><\/strong>\u00a0Segmentation By Protocol Technology (AirPlay, WirelessHD, WHDI, DLNA, Miracast, Google Cast and Others); By Offering (Hardware and Solution & Services) and By Application (Commercial and Consumer) – Global Industry Demand Analysis and Opportunity Assessment 2019-2026<\/p>\n
\nAJ Daniel<\/strong>
\nEmail:\u00a0info@researchnester.com<\/a><\/strong>
\nU.S. Phone: +1 646 586 9123<\/strong>
\nU.K. Phone: +44 203 608 5919<\/strong><\/p>\n