SCR Power Controller Market

SCR Power Controller Market Outlook (2022-2032)

The SCR power controller market reached a valuation of US$ 155.0 Million in 2021, and is likely to register a Y-o-Y growth rate of 3.0% in 2022, closing at US$ 161.2 Million. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 4.0% CAGR, reaching US$ 238.62 Million.

According to Fact.MR, the demand of SCR power controller market is anticipated to boost attributed to the factors such as the rising industrialization and a significant focus on improving energy efficiency.

The market will expand owing to the growing emphasis on energy conservation and government requirements, pertaining to efficient electricity consumption in the industrial sector.

Furthermore, the rising need for suppliers of SCR power controllers across various industries is another factor that is driving the growth of the market. SCR power controllers play an important role in the industrial manufacturing process which uses electrical heating.

With its high flexibility, accuracy, energy efficiency, and small footprint, SCR power controllers ensure cost efficiency and high quality. All these factors are expected to propel the growth of the SCR Power Controller Market during the forecast period.

Report Attributes	Details
Anticipated Base Year Value (2021)	US$ 155.0 Million
Expected Market Value (2022)	US$ 161.2 Million
Projected Forecast Value (2032)	US$ 238.62 Million
Global Growth Rate (2022-2032)	4.0% CAGR
Expected Growth Rate of Asia Pacific (2022-2032)	3.9% CAGR
Anticipated Growth Rate of Europe (2022-2032)	3.8% CAGR
Prominent SCR Power Controller Service Players	Chromalox Eurotherm Advanced Energy Industries Inc. CD Automation S.r.l Honeywell International Inc. Siemens ABB JUMO GmbH & Co. KG Gefran Control Concepts Inc. Watlow Electric Manufacturing Company Spang Power Electronics Sichuan Yingjie Electric Co. Ltd. Solcon Solutions LLC AMETEK Inc.

2017-2021 Revenue Analysis of SCR Power Controller Market vs. Growth Outlook 2022-2032

According to Fact.MR’s report, SCR power controller demand exhibited a CAGR of over 2.0% from 2017 to 2021. The rising production of power electronic devices, in order to meet the demand for applications baked by power electronics components is one of the major trends that is anticipated to augment the growth of the SCR power controllers, which are known to increase the durability of power devices and decrease electricity consumption.

Another major trend includes the increasing utilization of SCR in industries such as aerospace and defense, automotive, renewable energy, power generation and transmission, locomotive, medical, electrical and electronics, and oil and gas globally, attributing to their multiple applications including electronic automotive ignition, pressure control regulators, liquid level regulators, light dimmers and motor controls. This factor is expected to escalate the market growth over the analysis period.

Additionally, the rise in penetration of SCR in industrial sector, owing to its benefits such as extension of product lifecycle of the power electronic devices and minimal thermal stress also influence market demand. The market projected to surpass the market worth of US$ 238.62 Million by 2032.

Key Market Drivers Influencing SCR Power Controller Industry Expansion

Strong Emphasis on Increasing Energy Efficiency to Boost Market Growth

Factors such as strong emphasis on increasing energy efficiency as well as rising industrialization in many developed countries are expected to fuel the growth of the SCR Power Controller Market in the near future. SCR Power Controller’s capability to limit the heating process is another factor that will augment the market growth.

In addition, growing demand for digitized control system of heating process in various industries like metal, oil & gas is explicitly enhancing the market growth. Reduced operational downtime, owing to its advancement is another major factor that is accelerating the SCR power Controller during the forecast period.

Furthermore, the government regulations related to effective electricity use in the industrial sector as well as the increasing emphasis on energy conservation are some major factors that are anticipated to 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.

Technological Advancements to Propel Market Growth Prospects

Power controllers are being used across for almost all electronic devices, even more so for those in the industrial sector, as the consequence of the numerous advancements in technology and R&D in the electronics sector. The substrate technology used in SCR Power controllers play an important role in ensuring a more rugged device with a longer life-cycle.

SCR Power controllers provide high efficiency, and better electrical properties to withstand numerous life-cycles, which is perfectly appropriate for applications such as aerospace, industrial and power, thus driving the market growth.

Key Challenges encountered by SCR Power Controller Industry

Lack of Expertise in Operating SCR Power Controller to Limit the Market Growth

Lack of expertise in operating and maintaining SCR power controllers on a routine basis, and irregular maintenance of SCR Power Controller are other factors that are likely to restrain the market growth. Organizations have been facing issues such as thyristor rating, debugging, fixing a thyristor, and thyristor blown fuse.

As a consequence of these technical issues or a lack of technical knowledge of how to handle SCR power controllers, industry players may be hesitant to invest, which might have an impact on the global SCR Power Controller Market.

Availability of Multiple Alternatives to Restrain the Market Growth

The availability of alternatives of SCR Power Controllers such as relays, IGBT-based controllers, and contactors, is one of the major factors that is anticipated to limit the growth of the SCR Power Controller Market during the forecast period. The widespread availability of these counterparts may create a hindrance to the overall market development, given their relatively economical price points.

Additionally, inadequate knowledge of handling the SCR controller will interrupt the investments made to the industry, and this in turn is expected to hamper the market growth. If invested on SCR controller, the training cost may hinder the market growth. Rapid advancements may also be hindrance for the market growth, wherein most advanced controller inventions can cause disruption in the growth of the SCR Power Controller market.

Region-wise Analysis

How will the Asia Pacific Perform in the Global SCR Power Controller Industry Landscape?

Increased Processed Food Demand to Augment the Market Growth in the Region

The SCR power controller market in Asia Pacific will grow at a CAGR of 3.9% from 2022 to 2032. According to Fact.MR, the Asia Pacific is the fastest-growing SCR Power Controller market, accounting for over 33% of the market share in 2021, attributed to the factors such as rapid urbanization, industrialization, and the strong processed food demand in nations such as India.

For instance, in September 2022, a state government in India signed an agreement with Vedanta Resources Limited, in order to develop a semiconductor manufacturing facility, an assembling & testing unit, and a display fabrication facility at US$ 19.4 Billion.

Moreover, the ongoing electrification projects across India and high consumption of electrical good in China are other factors that are projected to fuel the regional growth of the SCR power controller in the forthcoming years.

How will the Growth of SCR Power Controller Market Escalate across Europe?

Regulatory Frameworks to Enhance the Market Prospects in Europe

The SCR Power Controller Market in Europe is expected to grow at a CAGR of 3.8% from 2022 to 2032, amounting to a share of 29% in 2021. Factors such as an introduction of strict emission reduction norms and regulatory frameworks to increase the use of energy-efficient systems are expected to boost the growth of the regional market. In addition, the increasing initiatives to replace conventional heating power control products will further augment the market demand in Europe.

Further, European countries have set a goal for maximum energy production by using renewable energy sources. Ongoing development in the smart grid and large-scale adoption of solar power has increased the demand for efficient and reliable switching technology. SCR power controller market in the region is gaining a significant traction, owing to its precise and high-speed switching technology, which in turn is projected to foster the European market over the analysis period.

Region-wise Forecast CAGRs for the SCR Power Controller Market

Region	CAGR
Asia Pacific	3.9%
Europe	3.8%
North America	3.9%
Latin America	3.7%
Middle East & Africa	3.6%

Category-wise Insights

Which Segment to Remain Dominant in the Phase Category?

Single Phase Segment to Enhance Growth Prospects

According to Fact.MR’s data, preference for Single Phase segment is expected to expand at a CAGR of 3.9% over the forecast period. This growth is attributed to the small size of single-phase SCR power controller, its simple installation, and cheaper initial cost.

The industry outlook will also be complemented by the expanding demand for low current rating components, owing to rising installation of heating solutions across small and medium-sized companies. Factors such as rapid expansion and development of industrial infrastructure are also bolstering the segment’s growth. The need to control the single current path for industrial furnaces and kilns has been rising worldwide, further amplifying the demand for single phase SCR power controllers.

Which is the Most Sought-after Load Category?

Resistive Load Segment to Boost the Market’s Growth

According to Fact.MR’s data, preference for Resistive Load segment is expected to expand at a CAGR of 3.8% over the forecast period, owing to the availability of SCR power controllers that can perform a continuous and smooth regulation of power dissipated by varied heating elements for resistive heating load banks.

Furthermore, the availability of controllers suited for resistive loads for metal, glass, and ceramic manufacturing has also increased, thereby positively influencing business expansion.

SCR Power Controller Market- Competitive Landscape

Prominent players in the SCR Power Controller Industry are taking advantage of the rapidly increasing demand for the SCR Power Controller in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows :

• In June 2022, Watlow Electric Manufacturing Company inked an agreement with Schneider Electric to acquire Eurotherm. This initiative was intended to allow Watlow to leverage Eurotherm’s expertise in power, process, and temperature control products.
• In June 2021, Advanced Energy Industries Inc. acquired Tegam, Inc., to add complementary RF power instruments for strengthening Advanced Energy’s leadership in the power process.
• In March 2021, Gefran SPA collaborated with Macchi to enhance the product quality with continuous innovation and reducing lead time.

Key Segments Covered in the SCR Power Controller Industry Survey

• By Load :

  • Resistive
  • Non-Resistive

• By Phase :

  • Single Phase
  • Three Phase

• By Control Method :

  • Integrated Cycle Switching
  • Phase Angle Control

• By Current Rating :

  • ≤ 50 A
  • > 50 to 500 A
  • > 500 to 1000 A
  • > 1000 A

• SCR Power Controller by End Use :

  • Semiconductor
  • Food & beverages
  • Metals
  • Plastics
  • Glass
  • Oil & Gas
  • Others

• SCR Power Controller by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa