[FURL=https://www.industryarc.com/Research/Scr-Power-Controller-Market-Research-505440?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]SCR Power Controller Market[/FURL] The global SCR Power Controller Market is estimated to surpass $175 Million mark by 2026 growing at an estimated CAGR of more than 4.0% during the forecast period 2021 to 2026. SCR Power Controllers are deployed across several industries including semiconductors, metals, glass and others for monitoring and controlling the thermal processes and heat sinks. SCR Power Controllers market is estimated to witness substantial growth over the forecast period primarily due to the rising industrialization with focus on the energy efficiency of electrical heating equipment which is attributed with the growth of the market.Key Takeaways
The SCR Power Controller market is estimated to witness substantial growth over the forecast period primarily due to the growing demand for digitization of industries which will complement the SCR power controllers market due to their excellent ability to control heating process.
Metal industry is one of the major driving factors for the growth of the SCR Power Controller market. Thermal processing in metal industry is majorly done with the SCR power controller and this industry holds the major share in the forecasted period.
SCR Power Controller market will have the growth in the APAC and RoW regions as the developing nations are involved with industrialization in the forecast period this in turn will increase the market share for the SCR power controller market
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SCR Power Controller Market Segment Analysis – By Geography
APAC region is expected to grow exponentially in the forecast period with a CAGR of 5.9%. This is due to rapid industrialization across the developing countries like India, China, South East Asia and others. Glass, Metals, Food& Beverages are the developing industries in the region which are the basis of heating and temperature control products demand. Europe and North America follow APAC region in terms of growth of market during the forecasted period. RoW will also witness the growth due to its resources availability like hydrocarbon which uplifts the market for the installation of refineries and temperature control for the region.
SCR Power Controller Market Drivers
Growing industrialization in the developing economies
Technological Advancements
SCR Power Controller Market Landscape
The major key players of SCR power controller market are Omron, Schneider Electric, ABB, Jumo, CD Automation, Control concepts, Advanced Energy industries, Honeywell, Siemens, Chromalox, Avatar Instruments, Solcon, RKC Instruments and others.
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