SCR Power Controller Market Research, 2031
The global scr power controller market size was valued at $145.0 billion in 2021, and is projected to reach $223.2 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Silicon Controlled Rectifiers Power Controller (SCR Power Controller) is a switching device that consists of thyristors that control power or voltage supplied to a load and can offer fast, infinitely variable proportional control of electric power. SCR is a Shockley diode with an extra terminal called the gate that is used to trigger conduction. An SCR device is made up of two SCRs that work together to manage AC power.
SCR power controllers are used to monitor and control thermal processes in a broad range of industries, including semiconductors, metals, glass, and others. Rising industrialization and a strong emphasis on increasing energy efficiency will boost market demand. The government regulations related to effective electricity use in the industrial sector and the increasing emphasis on energy conservation would lead to an expansion of the SCR Power Controller Market. In the industrial manufacturing process that involves electrical heating, SCR power controllers are important. SCR power controllers ensure cost efficiency along with its high flexibility, accuracy and energy efficiency.
Moreover, one of the limitations on the SCR power controller market is a lack of expertise in operating and maintaining SCR power controllers on a routine basis. Companies are dealing with issues such as thyristor rating, debugging, fixing a thyristor, and thyristor blown fuse.
Industry players may be reluctant to invest due to these technical problems or a lack of technical expertise in handling SCR power controllers, which could have an effect on the global SCR power controller market. Furthermore, the use of SCR power controllers will be boosted by government regulations that emphasise energy-saving when it comes to power use in the industrial sector. This is a lucrative opportunity for the SCR power controllers market growth .
The SCR power controller market forecast is segmented on the basis of type, load type, control method, industry, and region. On the basis of type, load type, control method, industry, and region. On the basis of type, it is classified into single phase and three phase. By load type, the market is categorized into resistive and non-resistive. On the basis of control method, the market is classified into phase angle control and integral cycle switching. On the basis of industry, it is divided into glass, oil & gas, metals, textile, plastics, chemicals and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, And LAMEA.
The global SCR power controller market analysis comprises profiles of leading players that include, ABB, Ltd, Advanced Energy industries, Avatar Instruments, Cd Automation S.r.l., Control Concepts Inc., Chromalox, Honeywell International Inc., JUMO India Pvt. Ltd., RKC Instrument Inc., Spang Power Electronics, SCR Elektroniks Pvt, Ltd., SCHNEIDER ELECTRIC, INC., Siemens, Unison Controls Pvt. Ltd, and Watlow Electric Manufacturing Company.The global SCR power controller market report provides in-depth competitive analysis as well as profiles of these major players.
Based on type single phase is the fastest growing segment during the forecast period.This is attributed to single phase SCR power controllers will have greater market penetration due to their small size, simple installation, and cheaper initial cost. The industry outlook will also be complemented by the expanding demand for low current rating components due to rising installation of heating solutions across small and medium-sized companies.
Based on load type resistive is the fastest growing segment during the forecast period.This is attributed to resistive load such as the electric heater is used for heating applications for both domestic and industrial purposes for water heating, cooking, room heating, and others
Based on control method phase angle control is the fastest growing segment during the forecast period.This is attributed to increasing usage of this method for regulating the amount of voltage, current, or power that a power supply feeds to its load, phase-fired control (PFC) is frequently utilized.
Based on appplication chemical is the fastest growing segment during the forecast period.This is attributed to Rise in demand from end-user industries such as food processing, personal care and home care is driving development of different segments in chemicals market. These factors together escalate the demand for SCR power controllers in chemicals industry; thus, creating lucrative opportunities for the global SCR power controller market
Based on region Asia-pacific is the highest revenue contributor during the forecast period. Owing to the it is projection that throughout the course of the forecast period, demand for the product would increase as electric furnaces are increasingly used for melting ores. Both the public and industrial sectors have seen a tremendous growth in energy costs in recent years.
Impact of COVID-19 on the global SCR power controller market
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The installation of solar panels for electricity generation, which was strongly dependent on China and India, as well as the world economy both suffered from the health crisis brought on by the spread of COVID-19. Due to supply chain interruption and a lack of raw materials, manufacturing units were forced to shut down during the
lockdown and, in turn, negatively impacting the SCR power controller market statistics. In addition, a labor shortage caused supply chain issues in the U.S. which was a dominating country in the solar tracker market, as well as a nation lockdown hampered industrial progress.
Further, the disruptions to transport and logistics affected due to strict government regulations as well as nationwide lockdown led to a significant pause in delivering the product, rise in shipment cost and price of fuel, taxes, workforce, and disruptions to shipping facilities. However, it is anticipated that sales of solar panels for power generation will increase in the next few years due to elements including supportive government policies and initiatives to fulfil expanding energy demand using renewable energy sources.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the scr power controller market analysis from 2021 to 2031 to identify the prevailing scr power controller market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the scr power controller market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global scr power controller market trends, key players, market segments, application areas, and market growth strategies.
SCR Power Controller Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 223.2 billion |
 Growth Rate | CAGR of 4.5% |
 Forecast period | 2021 - 2031 |
 Report Pages | 291 |
 By Type |
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 By Load Type |
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 By Control Method |
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 By Application |
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 By Region |
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 Key Market Players | CD Automation, West Control Solutions, Control Concepts, Omron Corporation, Schneider Electric, JUMO, Gefran, ABB, Chromalox, Honeywell (US), West Control Solutions |
Analyst Review
According to CXOs of leading companies, the global SCR power controller market is projected to exhibit high growth potential. SCR power controllers are used to monitor and control thermal processes in a broad range of industries, including semiconductors, metals, glass, and others. Rise in industrialization and a strong emphasis on increasing energy efficiency are expected to boost market demand.
In addition, automotive sector is also anticipated to witness considerable growth on account of increasing use of electric motors, which drive various machine tools used for cutting materials such as metal alloys or glass sheets, and others. Power supply stability, effective surge management, phase angle control, and resistive load power controllers allow for power saving and benefit for an enlarged lifetime are key attributes that will boost product demand. The growing industrialization is boosting the power sector's development and enhancing demand for SCR power controller.
The SCR power controller industry is expanding as a result of governments and private investors spending more money in renewable energy sources including solar and wind power. The expansion of the market is being fuelled by the creation of new technologies that enhance the effectiveness and performance of SCR power controllers.The CXOs further added that sustained economic growth and the development of the semiconductors and power sectors have surged the popularity of SCR power controller market.
Automotive sector is also anticipated to witness considerable growth on account of increasing use of electric motors, which drive various machine tools used for cutting materials such as metal alloys or glass sheets, and others. Power supply stability, effective surge management, phase angle control, and resistive load power controllers allow for power saving and benefit for an enlarged lifetime are key attributes that will boost product demand. The growing industrialization is boosting the power sector's development and enhancing demand for SCR power controller.
Additional growth strategies, such as expansion of production capacities, acquisition, and partnership in the development of the innovative products from manufacturers have helped to attain key developments in the SCR Power Controller market trends.
SCR power controllers are used to monitor and control thermal processes in a broad range of industries, including semiconductors, metals, glass, and others. Rising industrialization and a strong emphasis on increasing energy efficiency will boost market demand.
Key players operating in the global SCR power controller market include ABB, Ltd, Advanced Energy industries, Avatar Instruments, Cd Automation S.r.l., Control Concepts Inc., Chromalox, Honeywell International Inc., JUMO India Pvt. Ltd., RKC Instrument Inc., Spang Power Electronics, SCR Elektroniks Pvt, Ltd., SCHNEIDER ELECTRIC, INC., Siemens, Unison Controls Pvt. Ltd., and Watlow Electric Manufacturing Company.
By type, single-phase segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 4.7% from 2022 to 2031.
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