Selbyville, Delaware, Sept. 26, 2022 (GLOBE NEWSWIRE) —
SCR Power Controller Market is Expected to Register a Valuation of USD 225 Million by 2030, According to the latest research study by Global Market Insights Inc.
High demand for reliable and efficient temperature management devices is one of the key factors promoting the expansion of the industry. Thyristor power controllers or SCR controllers are designed to deliver efficiency rates above 99.5% and regulate the power flow to the process heater, maintaining the performance of the industrial manufacturing process output. These favorable features of the product will create a strong demand for the product in the years to come.
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Growing availability of SCR power controllers for resistive load
In terms of load, the resistive segment SCR power controller market is expected to hold a considerable revenue share during the forecast period. This growth is attributed to the availability of SCR power controllers capable of performing continuous and smooth regulation of the power dissipated by various heating elements for resistive heating load banks. The availability of controllers suitable for resistive loads for the manufacture of metals, glass and ceramics has also increased, thus positively influencing the expansion of the activity.
Favorable Usage Attributes to Drive Demand for Three Phase SCR Power Controllers
The three-phase SCR power controller market is poised to register substantial growth by 2030, driven by the ability of these controllers to be seamlessly configured via software for virtually any application. These power controllers can also be used in various types of heaters, which further fuels the progress of the industry.
Built-in cycle switching to become a popular SCR power control method
In terms of control method, the SCR Power Controller Market of the integrated-cycle switching segment will show a high growth rate through 2030, driven by the availability of zero-crossing SCR trip boards designed to replace electromechanical contactors. These boards can eliminate the generation of voltage transients due to the zero-crossing power switching technique with no observed arcing, in turn contributing to the popularity of the integrated cycle switching power control method.
> 50 to 500 A SCR power controllers need to gain traction
In terms of rated current, the > 50 to 500 A segment of the SCR power controller market is expected to experience significant growth by 2030. This type of power controller can deliver optimized operational characteristics over a longer lifetime, a wider temperature range and improved diagnostic and control functions.
Expansion of semiconductor manufacturing plants to boost industry development
In terms of end-use, the semiconductor segment is expected to register substantial gains through 2030, driven by strong demand for consumer electronics. The focus by several jurisdictions on the large-scale deployment of electric vehicles will further support the development of solid-state and SCR power controllers. The governments have also implemented favorable policies to expand the semiconductor manufacturing plants, thereby boosting the progress of the industry in this segment.
Introduction of strict emission standards to drive industry growth across Europe
The European SCR power controller market is expected to witness a high CAGR by 2030, owing to the introduction of stringent emission reduction standards and regulatory frameworks to increase the use of energy efficient systems. Additionally, the growing initiatives to replace conventional heating power control products will further increase the demand from the regional industry.
Mergers and acquisitions will remain key growth strategies
Major players operating in the SCR power controller market are Advanced Energy Industries, Inc., Siemens, ABB, Gefran, Control Concepts Inc., Watlow Electric Manufacturing Company, Sichuan Yingjie Electric Co., Ltd., Avatar Instruments and others. These companies are focusing on merger and acquisition strategies to expand their footprint in the global market.
For example, in June 2022, Watlow Electric Manufacturing Company signed an agreement with Schneider Electric to acquire Eurotherm. This initiative was intended to enable Watlow to leverage Eurotherm’s expertise in energy, process and temperature control products.
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Partial Table of Contents (ToC) of the report:
Chapter 3 SCR Power Controller Market Overview
3.1 Industry Ecosystem Analysis
3.2 Innovation and technology landscape
3.3 Regulatory landscape
3.4 Impact of COVID-19 on Industry Outlook
3.5 Industry impact forces
3.5.1 Drivers of growth
3.5.1.1 Growing Manufacturing Bases in Developing Countries
3.5.1.2 Optimized and economical operating characteristics
3.5.1.3 Growing Demand for Digitized Controllers
3.5.2 Industry pitfalls and challenges
3.5.2.1 Availability of alternative technologies
3.6 Analysis of growth potential
3.7 Porter’s analysis
3.8 Competitive Landscape, 2021
3.9 PESTEL analysis
About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
