Thyristor Power Controller Market 2024 : Analysis, Strategic Assessment, Trend Outlook And Business Opportunities

  • Thyristor power controller is a switching device which ensures to provide accurate control of electric power used for drying, annealing, heating or melting plastics, metals, or glass
  • Thyristor power controller does not consist of moving parts, due to which it is capable to switch electrical loads in milliseconds and has a long operational life
  • Thyristor power controller plays a vital role in industrial manufacturing, as it uses power controller in electrical heating, which helps reduce energy use and raw material
  • These controllers are used in semiconductor, food & beverage, metals & mining, oil & gas, industrial, and other end-use industries

Rise in Demand for Thyristor Power Controllers in Industrial Heating Process

  • Industrial manufacturing has emerged as an attractive sector for investments by organizations across the globe. In this sector, thyristor power controllers are significantly used for annealing, drying, healing or melting, plastic, or metals.
  • In industrial manufacturing, thyristor power controller plays an important role to improve manufacturing efficiency, as these controllers do not have any moving parts due to which they are capable to switch electrical loads in milliseconds and have a long operational life. Hence, they are increasingly used in industrial heating process.
  • Thyristor power controllers are equipped with digital display due to technological advancements, which is helpful to operate the controller easily and accurately. Hence, increase in use of thyristor power controllers in industrial heating process is expected to drive the market during forecast period.

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Increase in Use of Thyristor Power Controller in Food & Beverages

  • Food is an integral part of our everyday lives and production of food is more essential. Hence, several food & beverage manufacturers are focusing on adoption of reliable processes and accurate measurement technology for production of food & beverage.
  • In food & beverage industry, thyristor power controllers are increasingly utilized to control pressure and temperature of manufacturing process
  • Thyristor power controllers are flexible, easy to configure and operate, and highly reliable. Hence, these factors are fueling the global thyristor power controller market.

Three-phase Segment to Offer Lucrative Opportunities

  • Based on operating type, the global thyristor power controller market can be segmented into single-phase and three-phase.
  • Three-phase thyristor power controllers are majorly used in semiconductor, industrial, metals, and mining applications. Increase in use of three-phase thyristor power controllers by manufacturers has been observed for high-voltage applications to perform operations accurately in various industrial processes.
  • Rise in demand for three phase thyristor power controllers is anticipated to show prominent growth during forecast period.

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North America to Lead Global Market

  • In terms of region, the global thyristor power controller market can be split into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is anticipated to dominate the global thyristor power controller market throughout the forecast period, owing to increase in automation and ongoing technological advancements in the semiconductor industry in the region
  • The thyristor power controller market in Europe and Asia Pacific is expected to show significant growth during the forecast period. However, the market in Latin America and Middle East & Africa is estimated to show moderate growth during the forecast period.

Key Players in Global Market

The global thyristor power controller market was highly fragmented in 2018. Prominent players operating in the global market are focusing on technological developments and expansions to meet the increase in demand for thyristor power controllers. Moreover, manufacturers are entering into partnerships for the development of innovative products and gain higher profit margins.

Key players operating in the global thyristor power controller market include:

  • ABB
  • Advanced Energy Industries Inc.
  • Honeywell International Inc.
  • Schneider Electric
  • Microsemi Corporation Control Concepts Inc.
  • Rkc Instrument Inc.
  • Cd Automation S.r.l.
  • Control Concepts Inc.
  • OMRON Corporation
  • Gefran
  • JUMO
  • Chromalox
  • Spang Power Electronics

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