SCR Power Controller Market size to exceed $165mn by 2026
Published Date: September 4, 2020 Authors: Ankit Gupta, Aditya Singh Bais
SCR power controller market size is expected to surpass USD 165 Million by 2026, as reported in the latest study by Global Market Insights, Inc.
Global SCR power controller industry has witnessed a significant turnaround in the past decade primarily on account of increasing industries sector along with ongoing process digitalization across several industries. Increasing reliability and decreasing cost of SCR power controllers will further proliferate the market growth in the forthcoming years. Moreover, developing manufacturing, food & beverage and oil & gas industries will propel the demand for an efficient heating control system, relatively driving the market penetration of SCR power controllers. However, the industry growth in 2020 has been negatively impacted by the outbreak of coronavirus and implementation of lockdown protocols.
Electricity consumption reduction and effective power regulation will augment the market demand of phase angle SCR power controller
SCR power controller market is anticipated to witness an elevated growth from phase angle control method on account of its ability to regulate power to very fine resolutions. Phase angle control allows user to adjust the SCR power controller in the back-to-back pair by setting a point on AC voltage waveform, which in turn varies the power. However, radio frequency interference and higher hormonic distortion in comparison with integrated cycle switch SCR power controller are few of the key factors restraining the industry growth over the forecast period.
Growing industrialization coupled with soaring requirement of processed metal across industrial sectors will augment the market demand
The metal industry was accounted over 24% market share in 2019 and will witness significant growth on account of rising requirement of processed metals including iron, copper, and aluminum amongst others. The rising installations of high frequency induction furnaces and bath furnaces has created market demand for effective and efficient power controllers. The SCR power controllers can provide fast heating up of the furnace, accurate localization of heating, high power density and high temperature heating, which will boost the product adoption. Furthermore, growing focus toward energy optimization across manufacturing facilities will further augment the SCR power controller market trends.
Browse key industry insights spread across 295 pages with 407 market data tables & 43 figures & charts from the report, “SCR Power Controller Market Statistics By Load (Resistive, Non-Resistive), By Phase (Single Phase, Three-Phase), By Control Method (Integrated Cycle Switching, Phase Angle Control), By Current Load (≤ 50 A, >50≤500 A, >500≤ 1000 A, >1000 A), By End-Use (Semiconductor, Food & Beverages, Metals, Plastics, Glass, Oil & Gas, Others), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
Process control systems digitalization coupled with growing manufacturing industries will enhance the market statistics across North America region
North America SCR power controller market will witness over 3.4% CAGR during 2020 & 2026 on account of growing manufacturing industries across the region. In addition, leading market players are focusing on implementing digitalized monitoring and control systems in heating processes across various industries. Ongoing technological advancement along with improved reliability and efficiency of SCR power controllers will further proliferate the market demand in the forthcoming years.
Key players operational in the SCR power controller market include Chromalox, Avatar instruments, Advanced Energy Industries, Omega, Satronix, Jumo, Omron, Gefran, Siemens, ABB amongst others. New product development and strategic collaborations are among the prominent strategies adopted by the key market players operating across the industry to gain an upper hand over other competitor.