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The Power Factor Correction (PFC) Control IC market size is estimated increase by USD 368836.6 thousand, at a CAGR of 6.5% between 2024 and 2028. The Power Factor Correction (PFC) Control IC market is witnessing significant growth due to stringent global regulations on power factor and harmonic distortion. Reactive elements, such as inductors, play a crucial role in PFC circuits to improve power factors and reduce harmonic distortion in nonlinear circuits, including rectifiers. companies are introducing new products to address these requirements and meet the increasing demand for energy efficiency. However, competition from alternative technologies, such as Switching Converters, may pose a challenge to the market growth. Proper implementation of PFC control ICs can help reduce energy wastage and improve system efficiency, making it an essential component in power electronics applications.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD thousand" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The boost converter segment is estimated to witness significant growth during the forecast period. Boost converters are essential components in systems due to their capability to efficiently manage voltage regulation in single-phase applications. These converters step up input voltage to a higher output voltage, ensuring a stable output even with input voltage fluctuations. By improving power factor, boost converters are ideal for applications requiring consistent power supply. Energy efficiency is a global priority, and the demand for boost converters is increasing due to the need for reliable power management in high-performance electronics. In the US market, the use of boost converters in PFC control circuits is prevalent, as they help minimize power losses and optimize energy utilization. Volt Amperes (VA) and KiloWatt (kW) are key metrics for evaluating power efficiency, and boost converters contribute significantly to reducing power wastage in various industries. The power triangle concept illustrates the relationship between real power (W), reactive power (VAR), and apparent power (VA) in electrical systems. Poor power factor can lead to inefficient equipment operation and increased energy costs. Boost converters help correct power factor issues, ensuring optimal power utilization and cost savings.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Power Factor Correction (PFC) control IC market in the Asia Pacific region is experiencing significant growth due to the region's thriving industrial sector and increasing emphasis on energy efficiency and industrial automation. In 2023, China's industrial sector witnessed consistent expansion, particularly in the intelligent and eco-friendly sectors. The value-added industrial output in the equipment manufacturing sector increased by 6.8% year-on-year, with notable growth in the production of solar batteries (54%), new energy vehicles (30.3%), and power generation equipment (28.5%). These sectors' expansion, driven by China's commitment to sustainable energy and industrial automation, directly fuels the demand for PFC control ICs, which are crucial for energy-efficient systems. India is also progressing towards Industry 4.0. As a result, the demand for PFC control ICs is expected to increase in the region, as these components are essential for maintaining electrical devices and ensuring compliance with energy regulations. Automatic and dynamic compensation using fixed-value capacitor banks are becoming increasingly important to optimize energy consumption and reduce energy losses. The PFC control IC market in the Asia Pacific region is poised for substantial growth due to these factors.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Analog Devices Inc. - The company offers power factor correction control ICs such as LT1249, LT1248, LT1105 and other ICs.
Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of:
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Market structure |
Fragmented |
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YoY growth 2023-2024 |
6.3 |
Power factor is a critical parameter in the electrical distribution system that determines the efficiency of energy utilization. It is the ratio of active power (P) to the apparent power (S) in an electrical circuit. The power triangle, which represents the relationship between active power, reactive power (Q), and apparent power, is essential in understanding power factor and its impact on electrical systems. Poor power factor can lead to several issues, including energy inefficiency, increased electricity costs, instability, and failure of equipment. Reactive power (Q) is the power that does not contribute to doing useful work but is necessary to maintain the flow of active power in an AC circuit. Capacitors are commonly used to compensate for reactive power and improve power factor. Power factor correction (PFC) ICs play a vital role in addressing poor power factor issues. These ICs enable automatic compensation by adjusting the power factor to the desired value, improving energy efficiency and reducing electricity costs. The compensation mode can be set to fixed-value capacitor bank or automatic compensation, depending on the specific application requirements.
Moreover, low-voltage capacitors are often used in PFC applications due to their advantages, such as smaller size, lower cost, and ease of installation. Central location of the compensation device is also crucial to ensure optimal performance and maximum energy savings. The power sector relies heavily to maintain a stable electrical distribution system and meet varying load levels. Compensation type is an essential consideration when selecting a PFC IC. Fixed-value capacitor banks provide a constant compensation level, while automatic compensation adjusts the compensation level based on the load level. In conclusion, ICs are essential components in ensuring efficient equipment operation and reducing electricity costs. By addressing poor power factor issues, these ICs contribute to a more stable electrical distribution system and improved energy efficiency. It is a critical consideration for any electrical system, and the selection of the appropriate PFC IC depends on the specific application requirements, including the compensation mode, load level, and sector.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The stringent global regulations on power factor and harmonic distortion is notably driving the market growth. Power Factor Correction (PFC) control Integrated Circuits (ICs) play a crucial role in enhancing power grid stability and reducing energy losses in various industries. Government regulations mandate the integration of PFC control ICs into power supply systems to minimize harmonic distortion, improve power factor, and ensure electrical devices meet specific power quality standards. In the European Union, the IEC 61000-3-2 standard sets limits on harmonic emissions from electrical and electronic devices with input currents up to 16A per phase. Heating losses and power failures can result from poor power factors, leading to increased energy consumption and decreased efficiency.
By correcting power factor, PFC control ICs help reduce these losses and improve overall system performance. Moreover, PFC control ICs ensure that electrical devices comply with power quality regulations, preventing potential power grid instability and ensuring reliable power delivery. Incorporating PFC control ICs into power supply systems is essential for industries seeking energy efficiency and power quality compliance. These ICs offer cost-effective solutions for reducing energy wastage and ensuring regulatory compliance, making them an indispensable component in modern power supply systems. Thus, such factors are driving the growth of the market during the forecast period.
The introduction of new products by companies is the key trend in the market. The (PFC) control IC market is witnessing significant growth due to the increasing demand for energy-efficient solutions and stricter power quality regulations. Manufacturers are responding to this trend by introducing new and innovative PFC control ICs that offer enhanced performance, smaller size, and greater reliability. These advancements not only improve power factor but also cater to a diverse range of applications in various industries. For example, on March 9, 2023, Toshiba introduced the GT30J65MRB, a 650V discrete insulated gate bipolar transistor (IGBT) specifically designed for PFC circuits in air conditioners and industrial equipment.
Furthermore, this development underscores the importance of PFC control ICs in ensuring energy efficiency and regulatory compliance. Sine wave input is crucial for minimizing ripple voltage in PFC circuits, and rectification techniques such as half-wave and full-wave rectifiers are essential for converting AC to DC. Current spikes can be mitigated through the use of reservoir capacitors. Key players in the PFC control IC market include Toshiba, Infineon Technologies, Texas Instruments, and STMicroelectronics, among others. These companies are investing in research and development to create solutions that meet the evolving needs of the market. Thus, such trends will shape the growth of the market during the forecast period.
The competition from alternative technologies is the major challenge that affects the growth of the market. The Integrated Circuit (IC) market experiences notable challenges from alternative technologies that efficiently address harmonic distortion in electrical systems. For instance, active harmonic filters are gaining popularity due to their ability to mitigate distortion without requiring substantial modifications to existing PFC circuits. These filters actively regulate current to counteract harmonic loads, making them favorable for industrial applications with high levels of non-linear loads. Conversely, passive harmonic filters offer a more straightforward and cost-effective approach to managing harmonic distortion. By employing passive components like inductors and capacitors, these filters effectively minimize harmonic content, providing a viable alternative to PFC control ICs in specific applications.
However, nonlinear circuits, such as rectifiers, are a significant contributor to harmonic distortion in electrical systems. Both active and passive harmonic filters can effectively address this issue, ensuring power systems operate efficiently and maintain optimal performance. Inductors, a crucial component in harmonic filters, play a pivotal role in managing the harmonic content in electrical systems. Integrating these filters into power conversion systems can significantly reduce distortion and improve power quality. Switching converters, another source of harmonic distortion, can be effectively managed with the implementation of harmonic filters. By addressing the harmonic content in electrical systems, these filters contribute to improved power quality and system reliability. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
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Customer Landscape
The Power Factor Correction (PFC) control IC market is witnessing significant growth due to the increasing demand for efficient equipment operation in various sectors. Power factor, which is the ratio of real power to the apparent power, plays a crucial role in electrical distribution systems. A poor power factor leads to energy inefficiency, increased electricity costs, instability, and even failure of equipment. Reactive elements such as capacitors are used for compensation in the compensation mode, either in a fixed-value capacitor bank or in dynamic compensation. The use of low-voltage capacitors in a central location allows for effective compensation of reactive energy consumed by loads. The compensation type can be automatic or manual, depending on the operating conditions. In the compensation mode, capacitors help to reduce the displacement power factor and improve the power factor close to unity.
In conclusion, electrical devices, such as capacitors, are essential for compensating for the reactive power requirements of loads. The compensation type can be fixed-value or dynamic, depending on the load level and compensation requirements. The use of PFC control ICs enables automatic compensation, reducing the need for manual intervention and ensuring energy efficiency. Regulations mandating energy efficiency and the increasing cost of electricity are driving the demand for PFC control ICs. Harmonics, which are distortions in the power grid caused by nonlinear circuits such as rectifiers and switching converters, can also be mitigated using PFC control ICs. The Fourier transform analysis of an arbitrary periodic waveform reveals the presence of harmonic content, which can lead to heating losses, power failure, and voltage and current spikes. By correcting the power factor, PFC control ICs help to minimize these issues and ensure a stable electrical distribution system.
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Market Scope |
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Report Coverage |
Details |
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Page number |
215 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.5% |
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Market growth 2024-2028 |
USD 368836.6 thousand |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, Japan, Germany, India, France, Canada, South Korea, UK, and Taiwan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Analog Devices Inc., Diodes Inc., Fuji Electric Co. Ltd., Infineon Technologies AG, Microchip Technology Inc., Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Power Integrations Inc., Renesas Electronics Corp., Richtek Technology Corp., ROHM Co. Ltd., Sanken Electric Co. Ltd., Shindengen Electric Manufacturing Co. Ltd., STMicroelectronics International NV, Texas Instruments Inc., Torex Semiconductor Ltd., Toshiba Electronic Devices & Storage Corp., Vicor Corp., and Vishay Intertechnology Inc. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, market research and growth, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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