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.
Author Credits: Rushikesh, Richa Gupta
Report ID: 5227
Published Date: Sep 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing adoption of renewable energy sources and growing technological advancements are the major factors driving the growth of the market.
The market size of SCR Power Controller is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024 â€“ 2036.
The major players in the market are Siemens, Honeywell International, Inc., ABB, Gefran, Omron Corporation, Chromalox, Avatar Instruments, Jumo, and others.
The single phase segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
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.