SCR Power Controller Market Analysis

SCR Power Controller Market Analysis

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.