Power factor correction (PFC) converters are critical components in modern power electronics, designed to improve the efficiency and quality of power distribution by minimising harmonic distortion ...

The global Power Factor Correction Market is growing at a CAGR of 5.5% and is expected to reach USD 3.3 billion by 2030, up from USD 2.4 billion in 2024. The demand for power factor is on the rise ...

The North America power factor correction market is poised to grow from USD 734.2 million in 2025 to USD 999.1 million by 2030, at a CAGR of 6.2%. Rising energy costs and regulatory pressures are ...

Most applications that use power factor correction (PFC) are mandated by regulatory requirements like the IEC1000-3-2 harmonic reduction requirement in force since January 1, 2001.