SCR Power Controller Market Size, Growth Forecasts 2036

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

SCR Power Controller Market size is poised to reach USD 423 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of SCR power controller was USD 145 Million. The market growth is impelled by the increasing adoption of renewable energy sources. The acceptance and use of renewable energy are rising globally owing to its abundance and its ability to alleviate global warming. Moreover, grid integration of renewable energy necessitates the use of SCR power controllers to manage the power flow and maintain the stability of the grid. According to estimates, more than 90% of the expansion in the world's electricity capacity is anticipated to come from renewable sources by 2026.

The growing technological advancements are believed to fuel the SCR power controller market. For instance, in 2020 Advanced Energy introduced its new Thyro-A+ to provide next-generation SCR accuracy and significantly lower energy consumption, in precision heating applications.

Get more information on this report: Request Free Sample PDF

SCR Power Controller Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	~ 5%
Base Year Market Size (2023)	~ USD 0.145 Billion
Forecast Year Market Size (2036)	~ USD 0.423 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa

SCR Power Controller Sector: Growth Drivers and Challenges

Growth Drivers

Rising Adoption of Industry 4.0 – Industry 4.0 describes the growing trend towards automation can be defined as the integration of technology such as the Internet of Things (IoT), cloud computing and analytics, AI, and machine learning into their manufacturing processes. SCR power controller helps in controlling electric power for machinery and is considered an integral part of smart manufacturing.
Growing Sales of Electric Vehicles - This has led to an increase in demand for charging infrastructure which necessitates the usage of SCR power controllers for fast charging. According to estimates, in 2022, more than 73 million vehicles were sold worldwide, with electric automobiles making up over 14% of those sales.

Challenges

Supply Chain Disruptions – SCR power controller is made from various specialized components and materials that require precise manufacturing processes which are often sourced from different regions which may lead to disruptions in case of any vulnerability. Besides this, any delay caused by the transportation network can impact the supply of the materials.
Concerns associated with Cybersecurity
Lack of Awareness and Education
Limited Raw Materials

SCR Power Controller Segmentation

Phase (Three Phase, Single Phase)

SCR power controller market from the Single phase segment is estimated to gain a robust revenue share of 60% in the coming years. Single-phase power controllers have slim bodies that are only 55 mm wide, making them easy to install, and they also help prevent damage to valuable machinery and appliances.

Load (Resistive, Non-Resistive)

The non-resistive segment in the SCR power controller market is set to register substantial growth through 2036, on account of the growing need for low current applications. It is expected that the growing focus on energy efficiency in several industries has led to an increase in demand for low-current applications. Non-resistive load allows precise control over power delivery and helps in minimizing voltage spikes in low-current applications. Moreover, they ensure efficient energy consumption crucial for low current applications.

Our in-depth analysis of the global SCR power controller market includes the following segments:

Phase	Three Phase Single Phase
Load	Resistive Non-Resistive
Control Method	Integrated Cycle Switching Phase Angle Control
Industry	Metals Glass Chemicals Semiconductor Textiles Food & Beverages
Current Rating	≤ 50 A > 50 to 500 A > 500 to 1,000 A > 1,000 A

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

SCR Power Controller Industry- Regional Synopsis

North American Market Forecast

SCR power controller market in North America is predicted to account for the largest share of 51% by 2036, impelled by the rising chemical sector. The US Chemical Industry is among the biggest producers in the world by a wide margin, and a substantially faster growth in chemical output in the United States was reported in 2022. This may increase the demand for SCR power controllers in the region since they are widely used in the chemical industry to control the level of temperature which is crucial in various chemical processes. In the United States, the chemical industry's production volume is anticipated to grow by over 4% in 2022.

APAC Market Statistics

The Asia Pacific SCR power controller market is estimated to be the second largest, during the forecast timeframe, led by growing awareness of environmental sustainability among consumers. This has led to an increase in focus on energy optimization in various industrial processes, leading to higher demand for SCR power controllers.

Get more information on this report: Request Free Sample PDF

Companies Dominating the SCR Power Controller Landscape

Schneider Electric
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Siemens
Honeywell International, Inc.
ABB
Gefran
Chromalox
Avatar Instruments
Jumo
Solcon Industries

In The News

Schneider Electric teamed up with STMicroelectronics to reduce energy consumption on ST's manufacturing sites, and aid in the following phase of its continuous initiatives to lessen its environmental impact on the world. Furthermore, the two parties will intensify their collaboration to create new products, technologies, and energy efficiency improvement solutions, and will focus in particular on the opportunities made possible by wide-bandgap semiconductors (SiC and GaN), AI-enabled sensors, and connectivity.
Honeywell International, Inc. an American advanced-technology company acquired COMPRESSOR CONTROLS CORPORATION to boost its position as a leader in industrial control, automation, and process solutions, allow clients to move more quickly towards renewable energy, and also strengthen its growth sustainability portfolio.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the SCR Power Controller market?

Ans: Increasing adoption of renewable energy sources and growing technological advancements are the major factors driving the growth of the market.

2) What would be the CAGR of the SCR Power Controller market over the forecast period?

Ans: The market size of SCR Power Controller is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024 â€“ 2036.

3) Who are the major players dominating the SCR Power Controller market?

Ans: The major players in the market are Siemens, Honeywell International, Inc., ABB, Gefran, Omron Corporation, Chromalox, Avatar Instruments, Jumo, and others.

4) Which segment captures the largest market size in the phase segment in the SCR Power Controller market?

Ans: The single phase segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

5) Which region will provide more business opportunities for the growth of the SCR Power Controller market in the future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.