SCR Power Controller Market Share

North American Market Forecast

SCR power controller market in North America is predicted to account for the largest share of 51% by 2037, impelled by the rising chemical sector. The US Chemical Industry is among the biggest producers in the world by a wide margin, and a substantially faster growth in chemical output in the United States was reported in 2022. This may increase the demand for SCR power controllers in the region since they are widely used in the chemical industry to control the level of temperature which is crucial in various chemical processes. In the United States, the chemical industry's production volume is anticipated to grow by over 4% in 2022.

APAC Market Statistics

The Asia Pacific SCR power controller market is estimated to be the second largest, during the forecast timeframe, led by growing awareness of environmental sustainability among consumers. This has led to an increase in focus on energy optimization in various industrial processes, leading to higher demand for SCR power controllers.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of SCR power controller is estimated at USD 189.88 million.

The SCR power controller market size was valued at USD 183.14 million in 2024 and is set to cross USD 328.62 million by the end of 2037, expanding at more than 4.6% CAGR during the forecast period i.e., between 2025-2037. Increasing adoption of renewable energy sources and growing technological advancements will drive the market growth.

North America industry is predicted to account for largest revenue share 51% by 2037, impelled by rising chemical sector in the region.

The major players in the market are Siemens, Honeywell International, Inc., ABB, Gefran, Omron Corporation, Chromalox, Avatar Instruments, Jumo, and others.

SCR Power Controller Market Share