The SCR Power Controller Market is forecasted to grow from USD 13.56 billion in 2020 to USD 21.02 Billion by 2028, at a CAGR of 4.3%, during the forecast period. Advancements in technology which is increasing Digitization Power Controllers
Thyrister Power Controller also known as SRC controller is a switching device which ensures rapid and flexible proportional control of electric power used for applications such as drying, annealing, melting or heating glass, metals or plastics. Thyrister Power Controllers are used in various industries to reduce energy use and use raw materials.
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Further key findings from the report suggest
- The SCR Power Controller Market is forecasted to grow from USD 13.56 billion in 2020 to USD 19.13 billion by 2028, at a CAGR of 4.3%, during the forecast period. Advancements in technology which is increasing Digitization Power Controllersis the major driving factor of the market.
- Based on Category, the market is divided as three phase and single phase. The segment of three-phase SCR power controllers is expected to grow at a higher CAGR of 4.5% than that of single-phase power controllers during forecast period. It has superior current-carrying capacities and used in several industrial applications such as industrial heaters or furnaces. Various industries have widely accepted Thyrister power controllers and introduced huge installation base globally.
- Based on Controls, the market is segmented as phase angle control and integral cycle switching. The segment for phase angle control is forecasted to dominate the market during the forecast period. The phase angle control is used to control fast responding loads. The phase angle control method is acceptable as it provides a very excellent resolution of the power.
- The End userControls are Chemical, Industrial furnace, Glass and Crystal, Metals and Oil Gas. The emergence use of thyrister power controllers in the glass and crystal industries is estimated to drive the market.
- The SCR Power Controller Market is segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. APACis forecasted to dominate themarket with the largest share of 30%.
Top 10 Companies Operating in the Global Thyrister (SCR) power controller Market:
Honeywell (US), Advanced Energy Industries (US), ABB (Switzerland), Omron (Japan), Schneider Electric (France), Chromalox (US), CD Automation (Italy), Gefran (Italy), JUMO (Germany), and Control Concepts (US).
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The global market is further segmented into type and application:
CategoryOutlook (Revenue, USD Million; 2020-2028)
- Three Phase
- Single Phase
ControlOutlook (Revenue, USD Million; 2020-2028)
- Phase Angle Control
- Integral Cycle Switching
End userOutlook (Revenue, USD Million; 2020-2028)
- Chemical
- Industrial furnace
- Glass and Crystal
- Metals
- Oil Gas
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies are undertaken by these players
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