EMEA SCR Power Controller Market Analysis

EMEA SCR Power Controller Market Analysis

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Based on load, the market is divided into resistive and non-resistive load. The resistive load segment has witnessed a revenue of over USD 19 million in 2023 and is anticipated to observe significant growth owing to the ability of these units to seamlessly and consistently regulating power across diverse resistive heating load banks, the industry is experiencing enhanced operational efficiency and control. Moreover, the availability of these units suitable for resistive loads across glass, metal, and ceramic manufacturing sectors has further propelled business growth.
 

The EMEA SCR power controller market from non-resistive load segment is projected to observe significant growth by 2032. Non-resistive loads employ phase angle control to regulate power, effectively managing voltage surges and reducing current spikes in SCR power controllers. This precision makes them ideal for applications demanding lower current, particularly in smaller electrical heating equipment. The technology's enhanced control capabilities are poised to reshape the SCR power controller market, especially within the non-resistive segment. The increasing adoption of advanced monitoring and control devices over traditional electromechanical contractors, aimed at safeguarding industrial equipment from high current surges, will further fuel the industry dynamics.
 

The EMEA SCR power controller market from metal segment has witnessed a market share of 26.1% in 2023. The escalating demand for digitalized control systems in the metal industry is poised to significantly drive market growth. Additionally, the reduction in operational downtime due to these advancements is a pivotal factor propelling the adoption of SCR power controllers in the forecasted period. Manufacturers are also aiming for mergers and acquisitions to gain their competitive edge and introduce innovative solutions in the industry.
 

For instance, In June 2022, Watlow Electric Manufacturing Company entered into a strategic agreement to acquire Eurotherm from Schneider Electric. This move aimed to capitalize on Eurotherm's specialized knowledge in power, process, and temperature control solutions, further enhancing Watlow's portfolio and capabilities in the industry. Moreover, SCR power controllers contribute to energy efficiency in the metal industry by optimizing power usage and reducing wastage, leading to cost savings and environmental benefits.
 

The semiconductor industry emerges as the one of the growing segments within the EMEA SCR power controller market. The industry's expansion, coupled with technological innovations, serves as a primary catalyst for this upsurge. Given the intricate nature of semiconductor manufacturing and the imperative for meticulous temperature regulation, the role of SCR power controllers becomes indispensable. As semiconductors continue to drive the digital transformation, the demand for these controllers within this sector is anticipated to escalate, further augmenting their adoption as the market's most rapidly expanding end use sector.
 

The EMEA SCR power controller market from phase angle control method segment is projected to achieve a robust growth of over 5% by 2032, attributed to its precise temperature regulation capabilities across various heating applications. Additionally, the user-friendly interface linked with this control approach facilitates efficient power delivery and delay to the load, further propelling the business dynamics. The ongoing expansion in industries such as oil & gas, food, and plastics is set to fuel the industry dynamics of phase angle control method for SCR power controllers.
 

Integrated cycle switching, also known as zero crossover firing, operates specifically when the voltage's instantaneous value is zero. This control method is best suited for resistive loads that can handle rapid and complete power cycling. It's commonly employed in various heating equipment like kilns, ovens, and dryers. With rising heating needs in key industries and the versatility of thyristor units, the adoption of this control method is set to grow, especially when compared to alternatives like contractors. Moreover, the increasing demand for power controllers in high-capacity heating products will further boost its adoption.
 

• The Europe EMEA SCR power controller market was evaluated at over USD 38.5 million in 2023. demand. Governments are implementing robust measures to boost industrial energy efficiency, prompting a transition from traditional heating power control devices to more advanced and eco-friendly alternatives. The regional industry is driven by an upsurge in the industrial activities coupled with the enforcement of rigorous energy efficiency standards.
   
• For instance, Europe Efficiency Directive (EU/2023/1791) was published on 20 September 2023, which marks a pivotal moment for the EU's commitment to energy efficiency. The EU has officially made 'energy efficiency first' as a key mandate in its energy policy, giving it legal precedence. This means that EU countries must essentially now focus on saving energy when making important decisions in both energy and other sectors. Moreover, constructive outlook toward the shifting of industrial bases from developed to developing nations has significantly increased the heating and temperature control product demand across the region.
   
• The Middle East & Africa's SCR power controller market is propelled by increased investments in the oil & gas sector and industrial digitalization. For instance, in 2023, the United Arab Emirates announced a collaboration with the World Economic Forum on TradeTech, aiming to leverage advanced technologies from the fourth industrial revolution to optimize trade facilitation.
   
• The abundant availability of hydrocarbon resources has fueled the product adoption in offshore and refinery establishments for precise temperature control. Growing investments in chemicals, metals, and food processing sectors further drive the technology demand. Additionally, infrastructure funding from institutions like the IMF, African Development Bank, and World Bank is set to bolster the industry landscape.