SCR Power Controller Market Size, Share, By Type (Single Phase SCR Power Controllers, and Three Phase SCR Power Controllers), By Load (Resistive, and Non Resistive), By Control Method (Integrated Cycle Switching, and Phase Angle Control), By Application, By End-Use Industry and By Region - Trends, Analysis and Forecast till 2034
SCR Power Controller Market Size was valued at USD 165.6 Million in 2024 and is expected to reach USD 268.5 Million by 2034 growing at a CAGR of 5.4%.
The SCR power controller market is driven by the increasing use of SCR power controllers in various manufacturing industries for temperature regulation. In addition, the high flexibility, and cost-effectiveness of SCR power controllers, and bus connectivity are propelling the high adoption of SCR power controllers in various industries. Thus, anticipated to drive growth of the global SCR power controller market over the forecast period. Moreover, increasing demand for SCR power controllers in glass & crystal, chemical, and metals industries is fueling the growth of the global market. Also, SCR power controllers have high efficiency and high advantages over alternative devices such as IGBT-based power supplies and converters which is forcing various manufacturing industries to adopt SCR power controllers. This advantage drives the growth of the target market. Nevertheless, the growing demand for SCR power controllers and their capability to limit the heating process are the major compelling factors for the application of SCR power controllers by end-user industries.
Key Highlights:
- In July 2019, Schneider Electric a leader in the digital transformation of energy management and automation announced a partnership with BASF to develop a new product prototype using recycled plastics.
The prominent players operating in the global SCR power controller market include Honeywell International Inc., Schneider Electric S.E., ABB, Inc., Omron Corporation, Siemens AG, AMETEK, Inc., Chromalox, Inc., Danfoss A/S, Advanced Energy Industries, Inc., and Gefran S.p.A.
Key Market Insights from the report:
The market report has been segmented on the basis of type, control method, end-user, and region.
- By type, the global SCR power controller market is segmented into three phases and a single phase. The three-phase type segment is anticipated to witness the highest revenue rate over the forecast period. The wide use of three-phase power controllers in most industrial applications such as industrial furnaces, heaters and many more is the major factor propelling the growth of the global market in this segment.
- By control method, the global SCR power controller market is into phase angle control and integral cycle switching. The phase angle control method segment is anticipated to account for the larger share of the global market. The advantages offered by the phase angle control method are to control fast responding loads or loads where resistance changes with temperature and offers a fine resolution of the power.
- By end-use, the global SCR power controller market is categorized into chemical, industrial furnace, glass and crystal, metals, and oil & gas.
- By region, Asia Pacific holds the largest market share of the global SCR power controller market and is accounted to lead the global market over the forecast period. This is mainly due to growing industries like food & beverages, glass, chemicals, and metals. Emerging countries like India and China are the major consumers of the global market in this region. This is mainly achieved due to maintaining high quality of food and high demand for glass. North America and Europe are accounted to show significant growth over the forecast period for the global SCR power controller market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "SCR Power Controller Market Size, Share, By Type (Single Phase SCR Power Controllers, Three Phase SCR Power Controllers), By End-Use Industry (Semiconductor Industry, Metals Industry, Glass Industry, Plastics Industry, Textile Industry, Chemicals Industry, and Others), By Application (Temperature Control, Lighting Control, Motor Speed Control, Heater Control, and Others), By Control Method (Phase Angle Control, Integral Cycle Control), and By Region - Trends, Analysis, and Forecast till 2034"