October 31, 2022 07:28 ET | Source: Allied Market Research Allied Market Research
Portland, OR, Oct. 31, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global SCR power controller market generated $145.0 billion in 2021, and is projected to reach $223.2 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market. Single-Phase Power Controller
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The report offers detailed segmentation of the global SCR power controller market based on type, load type, control method, application, and region.
Based on type, the single phase segment held the dominating market share in 2021, holding three-fifths of the global SCR power controller market share, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 4.7% during the forecast period. The report also analyses other segments such as the three phase segment.
Based on load type, the resistive segment held the dominating market share in 2021, holding more than two-thirds of the global SCR power controller market share, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 4.8% during the forecast period. The report also includes non-resistive segment.
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Based on application, the chemical segment held the dominating market share in 2021, holding one-fourth of the global SCR power controller market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 4.9% during the forecast period. The report also analyses other segments such as Food and Beverage, Semiconductor, Metals, Oil and Gas, and others.
Based on region, the market across Asia-Pacific region held the largest market share in 2021, holding more than two-fifths of the global SCR power controller market share, and is expected to maintain its leadership status during the forecast period. In addition, the same region is expected to cite the fastest CAGR of 4.8% during the forecast period. The report also analyses other regions such as North America, Europe, and LAMEA.
The key players analyzed in the global SCR power controller market report include ABB, Ltd, Advanced Energy industries, Avatar Instruments, Cd Automation S.r.l., Control Concepts Inc., Chromalox, Inc., Honeywell International Inc., JUMO India Pvt. Ltd., RKC Instrument Inc., Spang Power Electronics, SCR Elektroniks Pvt, Ltd., SCHNEIDER ELECTRIC, INC., Siemens AG, Unison Controls Pvt. Ltd., and Watlow Electric Manufacturing Company.
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The report analyzes these key players in the global SCR power controller market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market.
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