PFC Choke Market Size, Share, Growth, and Industry Analysis, By Type (Horizontal & Vertical), By Application (Inductors, Capacitors, & Others) and Regional Insights and Forecast to 2033

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PFC CHOKE MARKET OVERVIEW

The PFC choke market size was valued at approximately USD 3.41 billion in 2024 and is expected to reach USD 4.72 billion by 2033, growing at a compound annual growth rate (CAGR) of about 3.68% from 2025 to 2033.

PFC chokes permit voltage and current waveforms to be in phase. It is used for maximizing the power in switch mode power supply circuits. The extremely capable properties of this equipment make it one of the most cost-effective items. A choke is a passive device used to adjust the flow of current in a circuit. It acts as resistors that can restrict the flow of current. It uses the magnetic properties of the coil to store and release energy.

The increasing importance of improving power quality and reducing consumptions are raising demand for the chokes of PFC. The progression in technology and the rising execution of renewable energy sources are supporting the market growth.

COVID-19 IMPACT

Growth Fluctuated by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a miscellaneous effect on the chokes market. The pandemic disrupted supply chains caused delays in the production and delivery of chokes and other electronic equipment. The shutting down of manufacturing services and transportation limitations also led to a shortage of raw materials and items were further affected by the supply chain. Conversely, the pandemic increased demand for electronic devices and infrastructures. Since people were supposed to switch for working and studying from home it propelled demand for electronic devices. Hence, it increased the demand for chokes and other electronic components used in these devices and in the data centers and communication networks that support them.

LATEST TRENDS

Escalating Use of Hybrid Power Factor Correction Systems Boosting Market Enlargement

A present trend in the market that is boosting the market growth is the increasing use of hybrid power factor correction systems. Hybrid PFC systems combine passive and active correction technologies for providing a more flexible and efficient method. Passive systems are simple and reliable; however they may not be apt for all applications. Active systems can supply a more precise control and can be suitable for all applications. Hybrid systems can combine the benefits of both approaches and provide a cost-effective and proficient solution.

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PFC CHOKE MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into horizontal & vertical.

• Horizontal: This type with base and long terminal PFC power choke is appropriate for EV/HEV charging piles and 5G switching power supplies.

• Vertical:  The vertical case type is a core material with very low core losses and the naked vertical choke is a cup version with reduced ampacity.

By Application

Based on application the global market can be categorized into inductors, capacitors, & others.

• Inductors: It is used to block higher-frequency while passing direct current and lower frequencies of alternating current in an electrical circuit.

• Capacitors: The choke with capacitors provides a smooth flow of current and voltage to the switching capacitors which reduces the amount of ripple in the output of the switching transistors.

• Others: There are other type of application such as active wave shaping of the input current, filtering of the high frequency, and other these are used in active PFC circuits

DRIVING FACTORS

Escalating Energy Cost and Penalties for Low Power Factor Propelling Market Growth

The major growing factor in the global PFC choke market growth is the increasing energy cost and penalties for low power factor are propelling market growth. Many countries have implemented regulations and policies that fine businesses which are operating with low power factors that can lead to higher energy expenses. This has encouraged businesses to invest in power correction systems to cut energy bills and avoid fines. Furthermore, a stringent government set of laws being imposed is fueling market growth. Strict rules and energy efficiency necessities are being compulsory by governments and service companies are being obligatory by governments to endorse the use of power factor correction technologies.

Increasing Demand for energy Efficient Solutions Expanding the Market

Another aspect for the market growth is the escalating demand for energy efficient solutions. The growing concerns about climate change and energy security has raised attention on energy efficiency across all fields. Power factor correction systems can improve energy competence by reducing the amount of reactive power generated which can provide a considerable energy savings. This factor has made various companies spend on power factor correction systems as part of their energy-saving initiatives. Furthermore, the application of energy-efficiency norms and standards to develop public electricity and lighting systems is also increasing the demand for power factor correction devices in the market.

RESTRAINING FACTORS

High initial Investment Costs Impeding Market Growth

The constraint that is impeding the market growth is the high initial expenditure on the setting up of the system. The fixing of power factor correction systems can be costly and it is especially for small and medium-sized businesses. The cost of tools, installation, and maintenance can deter some end users from investing in the system. It is particularly discouraging when they are not subject to penalties for low power factor. In addition, their system can be complex, and their effectiveness depends on several factors such as the individual application and load characteristics. Some of the companies may lack the awareness and proficiency to properly design, install, and maintain power factor correction systems. This may lead to suboptimal performance and decline the overall benefit of the systems. Hence, overall these factors are hindering the market expansion.

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PFC CHOKE MARKET REGIONAL INSIGHTS

Asia Pacific Region Dominating the Market due to Rising Demand for Power Factor Correction Systems

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia-Pacific has emerged as the most dominant region in the global PFC choke market share due to the high demand for power factor correction systems in the region. It is mostly due to the growing industrialization and urbanization in the region. China, India, and Japan are key countries that are propelling the demand for the device and support in market expansion. These countries are witnessing various manufacturing and construction sectors that are fueling the requirement for the equipment. They are enhancing demand for energy-efficient systems. Moreover, the embracing of renewable energy sources in the region is boosting the requirement for the power factor correction systems. The Middle East and Africa is witnessing the fastest-growing region in the market. It is attributed to the growing government proposal to improve the power infrastructure and energy effectiveness. Countries such as the UAE and Saudi Arabia are major contributors to the market growth. The rising need for electricity owing to the growing population and rapid industrialization are enhancing the market growth in the region.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Product Improvement and Market Strategies

Many prominent industry players in this market are trying to offer a range of power factor correction systems and related services through improving product quality and reliability and value-added services to customer services. There are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• TD (Canada)
• Agile Magnetics (U.S.)
• IKP Electronics (China)
• Grupo Premo (Spain)
• ITG Electronics (U.S.)
• Würth Elektronik (Germany)
• Thai Lin Radio Coil Manufactory (China)
• Sumida (Japan)
• Myrra (France)
• Prax Power (Spain)
• Comelit (Italy)
• PTR HARTMAN (Germany)

INDUSTRIAL DEVELOPMENT

August 2021: ABB announced that it had won a contract to supply and install a turnkey power factor correction solution. The contract is for a novel wastewater treatment plant in Saudi Arabia. The solution is created to improve power quality and reduce energy consumption at the plant.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.