SCR Power Controller Market Growth Drivers and Challenges:
Growth Drivers
- Rising Adoption of Industry 4.0 – Industry 4.0 describes the growing trend towards automation can be defined as the integration of technology such as the Internet of Things (IoT), cloud computing and analytics, AI, and machine learning into their manufacturing processes. SCR power controller helps in controlling electric power for machinery and is considered an integral part of smart manufacturing.
- Growing Sales of Electric Vehicles - This has led to an increase in demand for charging infrastructure which necessitates the usage of SCR power controllers for fast charging. According to estimates, in 2022, more than 73 million vehicles were sold worldwide, with electric automobiles making up over 14% of those sales.
Challenges
- Supply Chain Disruptions – SCR power controller is made from various specialized components and materials that require precise manufacturing processes which are often sourced from different regions which may lead to disruptions in case of any vulnerability. Besides this, any delay caused by the transportation network can impact the supply of the materials.
- Concerns associated with Cybersecurity
- Lack of Awareness and Education
- Limited Raw Materials
SCR Power Controller Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
4.8% |
|
Base Year Market Size (2025) |
USD 191.07 million |
|
Forecast Year Market Size (2035) |
USD 305.36 million |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of SCR power controller is assessed at USD 199.32 million.
The global SCR power controller market size was valued at over USD 191.07 million in 2025 and is expected to register a CAGR of more than 4.8%, exceeding USD 305.36 million revenue by 2035.
North America SCR power controller market is projected to capture a 51% share by 2035, driven by the rising chemical sector and the need for SCR power controllers in temperature control processes.
Key players in the market include Siemens, Honeywell International, Inc., ABB, Gefran, Omron Corporation, Chromalox, Avatar Instruments, Jumo.
