PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1321626
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1321626
SCR power controllers, often called silicon-controlled rectifiers (SCRs) or SCR power regulators, are used in the temperature regulation process required in most manufacturing processes for heating, melting, drying, and forming of materials. SCR power controllers for heaters help to control the electrical flow between the grid and the heater and regulate the temperature as per the needs of different manufacturing processes. The SCR power controller market can be classified in the following ways: by type, load, end-user, and geographic region. The major drivers for the growth of this market include an increased focus on energy efficiency and a boost from small and medium-sized industries.
There is a strong emphasis on the need for energy efficiency in industrial processes in recent times owing to governmental regulations and public expectations regarding energy conservation and efficiency. In addition, there is also a rising demand for the digitization of heating control systems in industries such as metal and gas. These are some of the factors driving the demand for SCR power controllers globally and resulting in the growth of the SCR power controller industry.
SCR power controllers also offer cost efficiency in the long term, along with features such as flexibility and accuracy. These characteristics also drive the demand for this product in small and medium-sized industrial operations. With rising industrialization in developing countries and because of multiple SCR power controller applications, the demand for SCR power controllers is expected to increase significantly. The increase in the usage of compact heating systems in the manufacturing sector is also expected to drive the SCR power controller market growth further.
Key SCR power controller market businesses have seen an increase in income over the past few years due to such efforts. For instance, according to their yearly reports, the energy management segment of Schneider Electric had an increase in revenue of over 12.5% from 2021 to 2022. It produced total segment revenues of roughly €26,442 million in 2022.
A significant challenge this industry faces relates to the lack of technical expertise required for operating and maintaining SCR power controllers, which hinders the industry's growth and negatively impacts the demand. Improper or irregular SCR power controller maintenance can harm their usage and longevity and result in losses for the industrial unit due to malfunction. Thus, this is a barrier to investment in this market due to a lack of technical know-how.
Further, another restraint to the growth of this market relates to the availability of alternatives for SCR power controllers, such as relays and IGBT-based controllers. The availability of these products as alternatives threaten the demand for SCR power controllers and restricts the market's growth.
The Asia-Pacific region is anticipated to constitute a significant share of the SCR power controller market, and similar trends are expected to be followed in the forecast period. This market share is owed to the growth in industrial and manufacturing activities in the region's major economies, such as China, Japan, and India. As industrial operations increase in this region, the demand for SCR power controllers for temperature regulation will also increase. The emergence of more small and medium-sized industrial units in these countries will also drive market growth in this region.
In India, central and state governments are focusing resources on the development and advancement of power controllers too. For instance, Vedanta Resources Ltd signed an agreement with a state government to develop a semiconductor manufacturing facility, an assembling and testing unit, and a display fabrication facility in India.
It is believed that the North American and European markets will experience steady growth too. The presence of established industrial units, growing industries, and the focus on energy conservation and efficiency will help increase the demand for SCR power controllers in these regions.