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SCR Power Controller Market Size

  • Report ID: GMI4809
  • Published Date: Sep 2022
  • Report Format: PDF
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SCR Power Controller Market Size

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.

 

SCR Power Controller Market Overview
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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.

 

SCR Power Controller Market Report Attributes
Report Attribute Details
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:
  • Growing manufacturing bases across developing nations
  • Optimized and economical operational characteristics
  • Increasing demand for digitalized controllers
Pitfalls & Challenges:
  • Availability of alternative technologies
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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.

SCR Power Controller Market Scope

  • SCR Power Controller Market Size
  • SCR Power Controller Market Analysis
  • SCR Power Controller Market Share

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    • Base Year: 2023
    • Companies covered: 21
    • Tables & Figures: 644
    • Countries covered: 22
    • Pages: 390
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