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SCR Power Controller Market was valued at USD 190 million in 2023 and is projected to expand at over 5.3% CAGR from 2024 to 2032. The rapid rise in manufacturing activities will positively influence the industry growth.
In metal manufacturing and heat treatment industries, temperature regulation has become a crucial parameter. Rapid industrialization and urbanization have also increased the rate of food processing and manufacturing worldwide. Based on the World Bank report, the total manufacturing value added worldwide reached USD 16.35 trillion in 2021. SCR power controllers or thyristor controllers can regulate the electricity flow from the grid to major heating elements during the manufacturing process. With the increasing need to maintain production output and offer precisely manufactured products, the industry is poised to record commendable growth over the forecast timespan.
Report Attribute | Details |
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Base Year: | 2023 |
SCR Power Controller Market Size in 2023: | USD 190 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 5.3% |
2032 Value Projection: | USD 290 Million |
Historical Data for: | 2019 to 2023 |
No. of Pages: | 390 |
Tables, Charts & Figures: | 644 |
Segments covered: | Load, Control Method, Phase, Current Rating, End Use |
Growth Drivers: |
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Pitfalls & Challenges: |
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Relays, IGBT-based controllers, and contactors are some of the main alternatives to thyristor power controller systems. The widespread availability of these counterparts may create a hindrance to the overall market development, given their relatively economical price points. Moreover, SCR controllers come with the benefits of enhanced reliability, higher efficiency, and optimized control features and management. These operational capabilities will likely outperform the restraints and bolster the industry outlook.
The non-resistive load segment is expected to record substantial gains through 2030. The replacement of electromechanical contractors with enhanced monitoring and control devices to protect industrial equipment against high current surges is gaining more acceptance, and in consequence, contributing to segmental expansion.
The SCR power controller market from single phase segment is predicted to depict a growth rate of nearly 4% through 2030, driven by rapid expansion and development of industrial infrastructure. The need to control the single current path for industrial furnaces and kilns has been rising worldwide, further amplifying the demand for single phase SCR power controllers.
The phase angle control method segment is estimated to attain around 4% gains by 2030 owing to its ability to accurately regulate temperature across a range of heating applications. Furthermore, user-friendly operations associated with this control method enable the effective management of delivery and delay of power to the load, driving segmental progress.
The ≤50 A SCR power controller market is anticipated to reach USD 60 million by 2030 due to the expansion of small- and medium-sized industries. Additionally, the increasing consumption of compact heating systems in the manufacturing sector will also foster the segmental growth.
The food and beverage application is slated to register more than 4% CAGR through 2030, on account of increasing need for temperature-intensive operations, including evaporation, drying, sterilization, and pasteurization, to provide safe consumables. Asian consumers, in particular, are expected to increase their food spending substantially, which may ultimately benefit the industry growth.
The Asia Pacific SCR power controller market size is set to cross a revenue of over USD 100 million by 2030. This growth is credited to rapid urbanization, industrialization, and the strong processed food demand in nations such as India. In September 2022, a state government in India signed an agreement with Vedanta Resources Limited to develop a semiconductor manufacturing facility, an assembling & testing unit, and a display fabrication facility at USD 19.4 billion.
Top manufacturers operating in the industry are
These companies are focusing on product range expansion strategies to expand their business footprint across the global market.
Since its onset in early 2020, the COVID-19 pandemic has posed numerous unprecedented impacts on the global economy and industry verticals. The global mining sector, for instance, was hard hit during the initial months of the crisis, mainly due to the shutdown of mines and a decline in rail and other transportation infrastructure activities. Since mining processes require precise temperature control, the pandemic-induced disruptions may have created roadblocks to industry expansion. However, with economic activity recovering gradually and business operations achieving some level of normalcy, the market size is anticipated to increase over the forthcoming years.
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Market Insights, By Load
Market Insights, By Phase
Market Insights, By Control Method
Market Insights, By Current Rating
Market Insights, By End Use
The above information has been provided for the following regions and countries: