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Base Year: 2024
Companies covered: 20
Tables & Figures: 38
Countries covered: 22
Pages: 115
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SCR Power Controller Market
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SCR Power Controller Market Size
The global SCR power controller market was estimated at USD 194.9 million in 2024 and is expected to reach USD 331.4 million by 2034, growing at a CAGR of 5.5% from 2025 to 2034. Shifting focus toward energy efficiency, coupled with the ongoing adoption of automation technologies for industrial processes, to enhance the speed and accuracy with which tasks are completed, is positively impacting the industry landscape. Implementation of stringent regulatory mandates toward enhancing the industrial processes will further augment the business dynamics.
For instance, in May 2024, Directive (EU) 2024/1275, which was put in place with the aim of enhancing carbon neutrality within construction for both public and private buildings. All new structures are required to be constructed as Zero Energy Buildings (ZEB) starting from 2030, while ZEB compliance with public structures will be required by 2028. Also, an increase in the implementation of energy efficiency policies and standards, combined with the interest in energy efficiency, is expected to further enhance the business environment.
The advancement of materials used for semiconductors and more resource efficient manufacturing processes are also changing the market dynamics. Their integration with improved automation enhances the operations, accuracy, and power efficiency which further accelerates growth in the sector.
In addition, the U.S. Department of Energy in September 2024 earmarked a total of USD 142 million to fund the 123 intensive projects spread in 34 states focusing on clean energy, cyber security, fusion energy, and nuclear non–proliferation. Leading industries are realizing the importance of temperature control Systems, it is expected that these solutions will be needed more.
Additionally, there is an increase in emissions which require industrial development in several economies further influencing the industry growth. For instance, in November 2024, the government published a draft plan aiming to reduce GHG emissions by 60% below the 2013 level by 2035. This is lower than the minimum 66% reduction JCI signatories supported, 75% reduction JCLP minimum, and for a developed country like Japan to maintain warming to 1.5 °C, a science-based emissions pathway supported. The government’s draft target level is the same target Keidanren proposed.
SCR Power Controller Market Trends
The SCR power industry outlook is expected to improve further with the added focus on energy efficiency due to the implementation of energy efficiency mandates and standards. There is expected to be a noteworthy growth in the SCR power controller industry due to the increased demand for temperature control systems in various industrial processes and greater focus on energy conservation.
For instance, the Fiscal Responsibility Act of 2023 which seeks to streamline NEPA and environmental permitting processes. The U.S. has a goal of a 40% reduction in emissions mark by 2030 with state, federal, private and civil society initiatives focusing on the transport, building and industrial sectors.
The increased focus on the reduction of energy use, government incentives to adopt energy saving technologies, severe spending on industrial developments, and strong policies aimed at emission reductions are the key factors propelling the market growth.
For instance, in August 2024, the new Directive on emissions related to industrial and livestock activities comes into effect and replaces the Industrial Emissions Directive (IED). Emission levels from mammoth industrial facilities will be curbed in compliance with the Zero Pollution goal set by the European Green Deal. This policy will further bolster innovation, reward industry leaders, and bring a new level of market equilibrium to the EU economy which will improve investment decisions.
SCR Power Controller Market Analysis
SCR Power Controller Market Share
The top 5 manufacturers of SCR power controllers are AMETEK, ABB, Watlow, Omron and Siemens. These companies have a market share of approximately 30%. Through alliances and other forms of partnership with important industries, these companies are integrating complementary subsystems into their existing frameworks, broadening the horizontal scope of their industrial automation and technology systems.
Manufacturers in the SCR power controller market are adopting several key strategies to strengthen their market presence and meet evolving customer demands. Ongoing technology enhancement and continued automation of IVR systems is being observed in response to the world digitalization trends. The advancement in artificial intelligence is gradually automating the exploration processes, along with the advancement of machine learning helping in exploring data systematically. Various industries including chemical processing, semiconductor manufacturing, and industrial heating are anticipated to benefit from robotic automation.
SCR Power Controller Market Companies
Major players operating in the SCR power controller market are:
SCR Power Controller Industry News
This SCR power controller market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034 for the following segments:
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Market, By Load
Market, By Phase
Market, By Control method
Market, By Current rating
Market, By End Use
The above information has been provided for the following regions and countries: