These companies are focusing on product range expansion strategies to expand their business footprint across the global market.
Authors:
Ankit Gupta, Divyendu Sharma
Frequently Asked Questions (FAQ) :
The market size of SCR power controller valued at USD 190 million in 2023 and is anticipated to depict more than 4% CAGR through 2032, due to the escalating manufacturing activities.
The non-resistive segment will account for a commendable share of the SCR power controller market by 2030, owing to the increasing replacement of electromechanical contractors with enhanced monitoring and control devices.
The single phase segment is poised to depict a growth rate of over 4% through 2030, driven by the rapid expansion and development of industrial infrastructure.
The phase angle control segment is set to exhibit a growth rate of more than 4% through 2030, which is attributed to its capability to accurately regulate temperature for a range of heating applications.
The food and beverage segment will depict a growth rate of over 4% through 2030, driven by the increasing need for temperature-intensive operations, including evaporation, drying, sterilization, and pasteurization, to provide safe consumables.
The Asia Pacific industry is expected to register a revenue of over USD 100 million by 2030, owing to rapid urbanization and industrialization, and the strong processed food demand.
Some of the key players operating in the SCR power controller industry include Chromalox, REO AG, GINO AG, Advanced Energy Industries, Inc., Siemens, ABBControl Concepts Inc., Honeywell International Inc., and OMRON Corporation, among others.