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Asia Pacific SCR Power Controller Market was valued at USD 92.8 million in 2023 and is anticipated to witness more than 5.7% CAGR between 2024 and 2032. Growing automation across industries to increase the effectiveness and precision various processes coupled with increasing focus toward energy efficiency will augment the industry outlook.
For instance, in June 2024, KKR and GIP, along with GIC, Temasek, BlackRock, Allied Climate Partners and Rockefeller Foundation, have pledged USD 25 billion for clean infrastructure projects in Asia. Moreover, ongoing technological enhancements across semiconductor materials together with shifting focus toward advanced manufacturing processes will complement the industry landscape.
Report Attribute | Details |
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Base Year: | 2023 |
Asia Pacific SCR Power Controller Market Size in 2023: | USD 92.8 Million |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 5.7% |
2032 Value Projection: | USD 152.1 Million |
Historical Data for: | 2021 to 2023 |
No. of Pages: | 75 |
Tables, Charts & Figures: | 14 |
Segments covered: | Load, Phase, Control Method, Current Rating, End Use and Country |
Growth Drivers: |
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Pitfalls & Challenges: |
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Asia Pacific SCR power controller industry is anticipated grow on account of rapidly increasing industrialization and increasing energy consumption across various industrial sectors. Flourishing investments for industrial development across developing countries and stringent regulatory landscape for industrial infrastructure to limit emissions is complementing the industry landscape. Moreover, implementation of energy efficiency standards along with shifting inclination toward adoption of enhanced technologies will positively influence the business dynamics.
Non-resistive segment is projected to surpass USD 85 million by 2032. The ongoing expansion and development of industrial infrastructure, coupled with a growing demand for industrial automation, are shaping the business landscape. These units utilize the phase angle control method to regulate power for non-resistive loads. By managing load voltage and curbing current spikes, these controllers offer precise control, making them particularly suitable for smaller electrical heating equipment. Their precise control capabilities are along with modernization projects across various sectors supports the need for advanced power control solutions further propelling the product adoption.
Phase angle control segment is set to grow owing to increasingly relying on heat processes and the precise adjustment of voltage phase angles across industries including food processing and metallurgy. These units managing power output, limiting current spikes, and ensuring smooth operations, thereby enhancing efficiency and cutting down on energy consumption. Industries that depend on heat processes, are increasingly adopting technologies that allow for precise adjustment of voltage phase angles along with focus to enhance efficiency and reduce energy consumption will augment the industry landscape.
Single phase SCR power controller segment is estimated to witness about 5.5% CAGR through 2032. Rising demand for precise power regulation along with ability to handle high voltage loads and current across commercial and light industrial establishments will complement the business landscape. Ongoing expansion of small-scale industries across various countries coupled with increasing inclination toward energy efficiency and automation across sectors like manufacturing and HVAC systems will positively influence the industry outlook.
China SCR power controller market is predicted to hit USD 75 million by 2032. Rapidly growing industrialization coupled with growing inclination toward increasing energy efficiency and limiting emissions will complement the industry landscape. Furthermore, rising development across industries including petrochemical, oil &gas, food processing among others together with flourishing investments for infrastructure development and shifting focus on digitization will further augment the business landscape.
Key players operating across the Asia Pacific SCR power controller industry are focusing on introducing new technological products, strategic mergers & acquisitions, collaborations, partnerships and joint ventures, to enhance their competitive market share. Major companies including, ABB, Advanced Energy, Vishay Intertechnology, Inc., OMRON Corporation, Watlow Electric Manufacturing Company, and Gefran SpA among others, holds majority of the market share.
Major manufacturers operating across the industry include:
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Market, By Load
Market, By Phase
Market, By Control Method
Market, By Current Rating
Market, By End Use
The above information has been provided for the following regions and countries: