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EMEA SCR Power Controller Market Trends

Report ID: GMI7777
Published Date: Nov 2024
Report Format: PDF

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EMEA SCR Power Controller Market Trends

The EMEA SCR power controller industry is set to grow driven by ongoing industrial expansion along with increased focus on energy efficiency. Favorable initiatives toward energy conservation, government regulations promoting efficient energy utilization and increased focus to maintain production levels and improve manufacturing precision will complement the industry landscape.

For instance, The German government has implemented the National Industrial Efficiency Plan for 2023-2025, which prioritizes energy assessments, digital innovation, and the adoption of state-of-the-art technologies. This initiative aims to boost efficiency rates to over 99.5% and minimize thermal losses in heating processes, leading to an increased adoption of these technologies. Moreover, these units' capacity to deliver both cost-effectiveness and high quality will contribute to the industry growth.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size for SCR power controller in EMEA reached USD 48 million in 2024 and is set to grow at a 5.5% CAGR from 2025 to 2034, driven by the increasing demand for efficient power management solutions across various industrial sectors.

The metal segment is expected to witness a CAGR of over 5% through 2034, led by the increasing demand for digital control systems in the metal industry and a focus on reducing operational downtime.

The Europe market is set to reach USD 60 million by 2034, propelled by stringent policies aimed at improving industrial energy efficiency and transitioning to advanced, environmentally friendly alternatives.

The key players in the market include ABB, Advanced Energy Industries, Ametek, CD Automation, Chromalox, Fuji Electric, Gefran, Gino, Jumo, Lumel, Omega Engineering, Omron, Reo, and Watlow.