Home > Pressrelease > SCR Power Controller Market size worth over $225 Mn by 2030

SCR Power Controller Market size worth over $225 Mn by 2030

  • Published Date: September 26, 2022

SCR Power Controller Market size is set to cross USD 225 million by 2030, according to a new research report by Global Market Insights Inc.

The market growth is attributed to the rising inclination towards digitalized and advanced process control systems. To limit carbon emissions and increase the energy efficiency of industrial establishments, governments have imposed stringent policy frameworks. Initiatives such as these have escalated the demand for digitalized products with enhanced operational and monitoring characteristics. This digitalization trend has enhanced the popularity of advanced process control systems with remote connectivity features, fueling the industry development.

High risks of load alteration to foster the resistive segment growth

The SCR power controller market from resistive load segment is anticipated to register a significant revenue by 2030, owing to the increased risks of load alteration with respect to temperature and time. This factor will proliferate the demand for efficient thyristor power control systems to offer phase-fired and zero-fired control solutions as per the rate of resistance changes.

Three-phase SCR power controllers to gain massive popularity

The demand for three phase SCR power controllers has risen considerably, as a result of the growing consumption of light, compact, and efficient power control devices. These advanced power control solutions are also designed to offer zero-cross control operations at faster rates, amplifying segmental growth.

Ability to provide controlled inputs to boost industry size

In terms of control method, the integrated cycle switching segment in the SCR power controller market is projected to exhibit high gains during the forecast period. This zero-crossing or integrated cycle switching control method operates at the instantaneous sine wave values to deliver only the required load power and control the input. According to the report, the high reliability and low harmonics of these devices for dryers, industrial kilns, ovens, and environmental chamber applications will further escalate the industry growth.

Browse key industry insights spread across 390 pages with 610 market data tables & 34 figures & charts from the report, “SCR Power Controller Market Size By Load (Resistive, Non-Resistive), By Phase (Single Phase, Three Phase), By Control Method (Integrated Cycle Switching, Phase Angle Control), By Current Rating (≤ 50 A, > 50 to 500 A, > 500 to 1,000 A, > 1,000 A), By End Use (Semiconductor, Food & Beverages, Metals, Plastics, Glass, Oil & Gas), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2030”, in detail along with the table of contents:

Increasing demand for >500 to 1,000 A rated SCR power controllers

The SCR power controller market from >500 to 1,000 A rating segment is predicted to grow at more than 4% CAGR through 2030, driven by the capability of this SCR power controller to improve the operational safety of industrial processes such as kilns, electric ovens, and furnaces. Furthermore, the ability to facilitate economical operations will further augment the market outlook.

Glass industry to emerge as a key end-user of SCR power controllers

In terms of end-use, the glass segment registered revenue of over USD 20 million in 2021. Glass manufacturing requires heat-intensive operations with high-temperature ratings of around 1,000°C. There is also a requirement to regularly refurbish glass manufacturing furnaces. These factors will stimulate the need for efficient thermal management solutions to curb waste heat generation and in turn, accelerate market progress.

Rising investment in mining across North America

Regionally, the North America SCR power controller market is poised to depict a growth rate of over 3% through 2030 due to the growing investment in mining operations and the increasing exploration of conventional reserves. According to the U.S. Geological Survey, the total raw steel and pig iron production reached over 109 million metric tons by 2021 end, indicating a 19.8% hike from a year earlier. The subsequent rise in demand for electrical power control devices including thyristor controllers will thus amplify product demand in the region.

Business expansion strategies by major players

The competitive landscape of the SCR power controller industry is expected to witness business expansions among industry participants. For instance, in September 2021, Eurotherm by Schneider Electric announced the transfer of its production facility from Poland to an advanced facility near the existing location. This initiative will enable it to enhance its manufacturing ability and expand its presence in the global market.

Top companies operating in the SCR power controller market are Chromalox, REO AG, GINO AG, Advanced Energy Industries, Inc., Eurotherm, Honeywell International Inc., Siemens, ABB, Gefran, and others.

Authors: Ankit Gupta, Divyendu Sharma