Increasing demand for electricity worldwide will be the key force driving the global SCR power controller market size in the near future. According to the New Energy Outlook 2018 published by Bloomberg NEF, global electricity demand will rise by a staggering 54.8% in terms of terawatt-hours by 2050 from the current levels. The majority of this rise will be contributed by the developing countries of Asia (mainly India and China) and Africa that are witnessing rapid economic development and increasing incomes. Moreover, the growing adoption of electric vehicles, which will reach 9% by 2050, will add to the existing demand for electricity. Since “Silicon Controlled Rectifiers“(SCR) is an effectively regulate temperature by controlling the flow of heat from the grid to a heater, they will be highly demanded in the coming decade.
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Prominent Industry Players:
- Omron Microscan
- Spang Power Electronics
- Schneider Electric
- Advanced Energy Industries, Inc.
- Celduc Relais
Fortune Business Insights, in its report, titled “SCR Power Controller Market Size, Share and Global Trend By Load Type (Resistive, Inductive), By Type (Single Phase, Three Phase), By End-User (Chemical, Food & Beverage, Semiconductor, Metals, Oil and Gas, Others) and Geography Forecast till 2028”, shares an elaborative overview of the industry and the developments within it that will shape the future of this fledgling market during the forecast period. Additionally, the report also provides a detailed evaluation of the various factors, trends, future prospects, and other dynamics that will also influence the market in the stipulated period.
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New Product Launches to Spur Competition
Key players are adopting various strategies to get ahead in the competition and are setting new SCR power controller market trends in the process. Majority of the companies are focusing on developing innovative products to expand and consolidate their position in the market.
Key Segmental Overview:
1. By Load Type
2. By Type
- Single Phase
- Three Phase
3. By End-User
- Food & Beverage
- Oil and Gas
4. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Major Table of Content For SCR Power Controller Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global SCR Power Controller Market Analysis, Insights and Forecast, 2028
- North America SCR Power Controller Market Analysis, Insights and Forecast, 2028
- Europe SCR Power Controller Market Analysis, Insights and Forecast, 2028
- Asia Pacific SCR Power Controller Market Analysis, Insights and Forecast, 2028
- Middle East and Africa SCR Power Controller Market Analysis, Insights and Forecast, 2028
- Latin America SCR Power Controller Market Analysis, Insights and Forecast, 2028
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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