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SCR Power Controller Market Trends

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

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SCR Power Controller Market Trends

SCR power controller industry is anticipated to witness significant growth owing to rapidly growing industrialization and urbanization that has led to increase in energy consumption across various industrial applications. Flourishing investments for development of industries across developing nations and stringent regulatory landscape for building infrastructure to curb emissions is shaping the industry dynamics. Furthermore, rising implementation of energy efficiency mandates and standards coupled with growing inclination toward energy efficiency is set to complement the business landscape.

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.