Global Power-Semiconductor Devices Market Emerging Trends and Company Profiles to Watch- Siemens AG, ABB, Toshiba, Eaton in 2017-2027
Power factor correction devices are also known as power saver devices. It is connected to the mains of the electrical system for improving the power factor measurement taken using an electricity meter. Power factor correction devices measure how efficiently power is consumed. However, the utility bill based on real power is not affected by power factor correction devices, but it is useful for industrial users where the power charges are based on PFC rather than real power.
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