SCR Power Controller Market Regional Analysis:
North American Market Insights
SCR power controller market in North America is predicted to account for the largest share of 51% by 2035, 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 Insights
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.
