Power Factor Correction Market Size to Grow $3.3 billion by 2030 at a CAGR of 5.5%
The global Power Factor Correction Market is projected to reach USD 3.3 billion by 2030 from an estimated USD 2.4 billion in 2024, at a CAGR of 5.5% during the forecast period.
The demand for power factor is on the rise due to various factors such as the globally increasing level of energy consumption, fostered by the rapid process of industrialization as well as urbanization, is additionally pressuring...
Industrial Control Transformer Market Surge Towards Solid Growth by 2027
The global industrial control transformer market size will grow to USD 1.2 billion by 2027 from USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption across industries, increasing usage of industrial control transformers in major industries, hence these are driving the demand of industrial control transformer globally. Moreover, growing manufacturing industry...