Power Factor Correction Devices Market to Reach USD 4.9 Billion by 2036 as Energy Efficiency Regulations and Power Quality Upgrades Drive Global Growth

NEWARK, Del., July 14, 2026 /PRNewswire/ -- According to Future Market Insights (FMI), the global Power Factor Correction Devices Market is poised for sustained growth as industries, utilities, and commercial facilities increasingly invest in advanced electrical infrastructure to improve power quality, reduce energy losses, and comply with stringent energy efficiency regulations. the market is projected to grow from USD 2.8 billion in 2026 to USD 4.9 billion by 2036, registering a 5.8% CAGR during the forecast period. Rising industrial electrification, increasing grid modernization initiatives, and growing emphasis on minimizing reactive power losses continue driving demand for power factor correction (PFC) devices worldwide.

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