SCR Power Controller Market Size, Share, OpportunaSCR Power Controller Market Size, Share, Opportunities, And Trends By Type (Single Phase, Three Phase), By Load (Restrictive, Inductive), By End-User (Chemicals, Food & Beverages, Electronics, Manufacturing, Others), And By Geography - Forecasts From 2023 To 2028ities, And Trends By Type (Single Phase, Three Phase), By Load (Restrictive, Inductive), By End-User (Chemicals, Food & Beverages, Semiconductor, Metal, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061617044
- Pages : 135
The SCR power controller market was valued at US$126.236 million in 2021 and is expected to grow at a CAGR of 3.7% during the forecast period.
SCR power controllers, often called silicon-controlled rectifiers (SCRs) or SCR power regulators, are used in the temperature regulation process required in most manufacturing processes for heating, melting, drying, and forming of materials. SCR power controllers for heaters help to control the electrical flow between the grid and the heater and regulate the temperature as per the needs of different manufacturing processes. The SCR power controller market can be classified in the following ways: by type, load, end-user, and geographic region. The major drivers for the growth of this market include an increased focus on energy efficiency and a boost from small and medium-sized industries.
The increasing importance of energy efficiency:
There is a strong emphasis on the need for energy efficiency in industrial processes in recent times owing to governmental regulations and public expectations regarding energy conservation and efficiency. In addition, there is also a rising demand for the digitization of heating control systems in industries such as metal and gas. These are some of the factors driving the demand for SCR power controllers globally and resulting in the growth of the SCR power controller industry.
SCR power controllers also offer cost efficiency in the long term, along with features such as flexibility and accuracy. These characteristics also drive the demand for this product in small and medium-sized industrial operations. With rising industrialization in developing countries and because of multiple SCR power controller applications, the demand for SCR power controllers is expected to increase significantly. The increase in the usage of compact heating systems in the manufacturing sector is also expected to drive the SCR power controller market growth further.
Market Players:
Key SCR power controller market businesses have seen an increase in income over the past few years due to such efforts. For instance, according to their yearly reports, the energy management segment of Schneider Electric had an increase in revenue of over 12.5% from 2021 to 2022. It produced total segment revenues of roughly €26,442 million in 2022.
Restraints: Lack of technical expertise
A significant challenge this industry faces relates to the lack of technical expertise required for operating and maintaining SCR power controllers, which hinders the industry's growth and negatively impacts the demand. Improper or irregular SCR power controller maintenance can harm their usage and longevity and result in losses for the industrial unit due to malfunction. Thus, this is a barrier to investment in this market due to a lack of technical know-how.
Availability of alternatives
Further, another restraint to the growth of this market relates to the availability of alternatives for SCR power controllers, such as relays and IGBT-based controllers. The availability of these products as alternatives threatens the demand for SCR power controllers and restricts the market’s growth.
Products Offered by Market Players.
- Honeywell’s range of 3 Phase Thyristor Power Controllers offers loading capacities ranging from 25A to 500A and a temperature range of 0° to 40°C. The controllers also provide different fire modes for other applications.
- Omron’s G3PW product is a single-phase power controller that offers high-precision control and ease of setup. It provides heater burnout detection, phase control, optimum cycle control, and run-time monitoring.
- Omega’s range of SCR power controllers, including the SCR19-H and SCR39-H series, offer diagnostic LED indicators and single- and three-phase load switching. It requires little maintenance as all the components are solid-state, make no relay noise, are fan-cooled, and offer close control of low-mass heaters. These products are zero crossovers fired, which removes the need for RFI generation association with mechanical relays.
- Chromalox’s Advanced Modular SCR power controller is available in different models ranging from 40A to 600A, depending on the requirements. It is available in single and three-phase load switching, offers zero cross and phase angle firing capacity, and has built-in fusing. The product also provides the ability to equip a keyboard for monitoring and programming purposes. The product has multiple applications, including packaging, thermoforming, heat treatment, chemical processing, textile production, extrusion, mold & dye heating and cooling, and industrial ovens.
- Eurotherm’s EFit SCR Power Controller offers ease of installation, integration, and cost-effectiveness. The product controls infrared and resistive heating elements and can achieve precise and stable control in varying industrial applications. The product helps increase throughput by utilizing the plant equipment as much as possible. It reduces operational downtime as it performs normally in extreme industrial environments and displays high immunity to electromagnetic disturbances.
The Asia Pacific region accounts for a dominant share of the SCR power controller market.
The Asia-Pacific region is anticipated to constitute a significant share of the SCR power controller market, and similar trends are expected to be followed in the forecast period. This market share is owed to the growth in industrial and manufacturing activities in the region's major economies, such as China, Japan, and India. As industrial operations increase in this region, the demand for SCR power controllers for temperature regulation will also increase. The emergence of more small and medium-sized industrial units in these countries will also drive market growth in this region.
In India, central and state governments are focusing resources on the development and advancement of power controllers too. For instance, Vedanta Resources Ltd signed an agreement with a state government to develop a semiconductor manufacturing facility, an assembling and testing unit, and a display fabrication facility in India.
Rest of the world outlook:
It is believed that the North American and European markets will experience steady growth too. The presence of established industrial units, growing industries, and the focus on energy conservation and efficiency will help increase the demand for SCR power controllers in these regions.
SCR Power Controller Market Scope:
Report Metric | Details |
Market Size Value in 2021 | US$126.236 million |
Growth Rate | CAGR of 3.7% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Million |
Segments Covered | Type, Load, Industry Vertical, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Honeywell, Schneider Electric, ABB, Omron, Advanced Energy Industries, Chromalox, Gefran, JUMO, CD Automation, Control Concepts |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Single Phase
- Three Phase
- By Load
- Restrictive
- Inductive
- By Industry Vertical
- Chemical
- Food & Beverage
- Electronics
- Manufacturing
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
SCR Power Controller Market was valued at US$126.236 million in 2021.
The global SCR power controller market is expected to grow at a CAGR of 3.7% over the forecast period.
The SCR power controller market has been segmented by type, load, end-user, and geography.
The major drivers for the SCR power controller market growth include an increased focus on energy efficiency and a boost from small and medium-sized industries.
The Asia-Pacific region is anticipated to hold a significant share of the SCR power controller market owing to the growth in industrial and manufacturing activities in the major economies of the region.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. SCR POWER CONTROLLER MARKET BY TYPE
5.1. Introduction
5.2. Single Phase
5.3. Three Phase
6. SCR POWER CONTROLLER MARKET BY LOAD
6.1. Introduction
6.2. Restrictive
6.3. Inductive
7. SCR POWER CONTROLLER MARKET BY INDUSTRY VERTICAL
7.1. Introduction
7.2. Chemical
7.3. Food & Beverage
7.4. Electronics
7.5. Manufacturing
7.6. Others
8. SCR POWER CONTROLLER MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Spain
8.4.5. Others
8.5. Middle East And Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Indonesia
8.6.6. Taiwan
8.6.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Honeywell
10.2. Schneider Electric
10.3. ABB
10.4. Omron
10.5. Advanced Energy Industries
10.6. Chromalox
10.7. Gefran
10.8. JUMO
10.9. CD Automation
10.10. Control Concepts
Honeywell
Schneider Electric
ABB
Omron
Advanced Energy Industries
Chromalox
JUMO
CD Automation
Control Concepts
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Power And Control Cable Market Size & Share: Report, 2023-2028 | Dec 2023 | |
Automatic Power Factor Controller Market Size: Report, 2024-2029 | Feb 2024 | |
Power Distribution Component Market Report: Size, Forecast 2030 | Nov 2024 | |
Electric Power Distribution Market Size: Industry Report, 2023 – 2028 | Mar 2023 | |
Portable Power Station Market Size, Share & Industry Reports: till 2028 | Mar 2023 |