The report "Global SCR Power Controller Market, By Type (Three Phase and Single Phase), By Control Method (Phase Angle Control and Integral Cycle Switching), By End-use (Chemical, Industrial furnace, Glass and Crystal, Metals, and Oil & Gas), and Region - Global Forecast to 2029" Global SCR power controller market is projected to grow from US$ 155.3 million in 2020 to US$ 214.7 million by 2029. Global SCR power controller market is driven by increasing use SCR power controllers in various manufacturing industries for temperature regulation. In addition, high flexibility, cost-effectiveness of SCR power controllers, and bus connectivity are propelling the high adoption of SCR power controllers in various industries. Thus, anticipated to driving growth of the global SCR power controller market over the forecast period. Moreover, increasing demand for SCR power controllers in glass & crystal, chemical, and metals industries is fueling growth of the global market. Also, SCR power controllers have high efficiency and high advantages over alternative devices such as IGBT-based power supplies and converters which is forcing various manufacturing industries to adopt SCR power controllers. This advantage drives growth of the target market. Nevertheless, growing demand of SCR power controllers and its capability to limit the heating process are the major compelling factors for the application of SCR power controllers by end user industries.

Key Highlights:

• On July 2019, Schneider Electric a leader in digital transformation of energy management and automation has announced partnership with BASF to develop new product prototype using recycled plastics.

Key Market Insights from the report:          

SCR power controller market accounted for US$ 242.6 Billion by 2034 and is projected to register a moderate CAGR of 4.30% over the forecast period. The market report has been segmented on the basis of type, control method, end-user, and region.

• By type, the global SCR power controller market is segmented into three phase and single phase. Three-phase type segment is anticipated to witness highest revenue rate over the forecast period. The wide use of three-phase power controllers in most industrial applications such as industrial furnaces, heaters and many more is the major factor propelling the growth of the global market in this segment.
• By control method, the global SCR power controller market into phase angle control and integral cycle switching. Phase angle control method segment is anticipated to account for the larger share of the global market. Advantages offered by phase angle control method are to control fast responding loads, or loads where resistance changes with temperature, and offers fine resolution of the power.
• By end-use, the global SCR power controller market is categorized into chemical, industrial furnace, glass and crystal, metals, and oil & gas.

• By region, Asia Pacific holds the largest market share of the global SCR power controller market and is accounted to lead the global market over the forecast period. This is mainly due to growing industries like food & beverages, glass, chemicals, and metals. The emerging countries like India and China are the major consumer of the global market in this region. This is mainly achieved due to maintaining high quality of food and high demand for glass. North America and Europe is accounted to show significant growth over the forecast period for the global SCR power controller market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global SCR Power Controller Market”, By Type (Three Phase and Single Phase), By Control Method (Phase Angle Control and Integral Cycle Switching), By End-use (Chemical, Industrial furnace, Glass and Crystal, Metals, and Oil & Gas), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2029

The prominent player operating in the global SCR power controller market includes Honeywell International Inc., Schneider Electric S.E., ABB, Inc., Omron Corporation, Siemens AG, AMETEK, Inc., Chromalox, Inc., Danfoss A/S, Advanced Energy Industries, Inc., and Gefran S.p.A.

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