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SCR Power Controller Market Size

Report ID: GMI4809
Published Date: Jul 2024
Report Format: PDF

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SCR Power Controller Market Size

SCR Power Controller Market was valued at USD 186.1 million in 2023 and is anticipated to experience a CAGR of 5.3% between 2024 and 2032. Growing adoption of automation to enhance the precision and efficiency of industrial processes along with shifting inclination toward energy efficiency will complement the industry landscape.

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For instance, in March 2023, the EU introduced Net-Zero Industry Act, aims to streamline regulations for producing key technologies, set 2030 targets for EU industrial capacity, expedite permitting processes, develop European standards for key technologies, and encourage public procurement of clean energy technologies. Moreover, ongoing technological advancements across semiconductor materials and shifting focus toward enhanced manufacturing processes will positively influence the business dynamics.

SCR Power Controller Market Report Attributes
Report Attribute	Details
Base Year:	2023
SCR Power Controller Market Size in 2023:	USD 186.1 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.3%
2032 Value Projection:	USD 294.8 Million
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	51
Segments covered:	Load, Phase, Control Method, Current Rating, End Use and Region
Growth Drivers:	Increasing demand for digitalized technologies Expanding industrial manufacturing bases across emerging economies Growing inclination toward energy efficiency and reducing emission
Pitfalls & Challenges:	Availability of alternative technologies

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Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of SCR power controller industry was reached USD 186.1 million in 2023 and is anticipated to register 5.3% CAGR between 2024 and 2032, due to the increasing demand for digitalized technologies and expanding industrial manufacturing bases across emerging economies.

The non-resistive segment in the SCR power controller market is anticipated to surpass USD 155 million by 2032, due to the demand for precise voltage control and smooth operation in industries like food processing and metallurgy.

Asia Pacific SCR power controller market size is set to reach USD 150 million by 2032, owing to the rapidly growing industrialization across emerging nations in the region and shifting inclination toward reducing emissions.

ABB, Advanced Energy, AMETEK. Inc., Avatar Instruments, Cd Automation S.r.l, Chromalox, Control Concepts Inc., Eurotherm, Gefran SpA, GINO AG, and JUMO Process Control, Inc., among others.

Some of the key players operating in the SCR power controller industry include Chromalox, REO AG, GINO AG, Advanced Energy Industries, Inc., Siemens, ABBControl Concepts Inc., Honeywell International Inc., and OMRON Corporation, among others.