Tapping Into the Unmet Potential of the SCR Power Controller Market-Fact MR Study

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The SCR power controller market reached a valuation of US$ 161.2 Million in 2022. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a 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.

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.

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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.

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

Key Takeaways from the Market Study

  • According to Fact.MR, a CAGR of 0% was recorded for the SCR Power Controller market from 2017-2021
  • In FY 2022, the SCR power controller market reached a valuation of US$ 161.2 Million
  • The market is likely to register a Y-o-Y growth rate of 3.0% in 2023
  • By Phase, the Single-Phase Segment is expected to dominate the market, documenting a 3.9% value CAGR
  • As per Fact.MR’s projections, the market for SCR Power Controller in Asia Pacific will likely expand at a 9% CAGR
  • The SCR Power Controller market in Europe is expected to expand at a 3.8% CAGR

“Increase in government funding and investment on modern power generation is one of the major factors that is anticipated to escalate the growth of the SCR Power Controller Market over the analysis period,” comments an analyst at Fact.MR.

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 players. 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.

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.

Global SCR Power Controller Market SCR Power Controller Market Forecast SCR Power Controller Market Share SCR Power Controller Market Size

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