Silicon-Controlled Rectifier Market - Forecast(2024 - 2030)

Silicon-Controlled Rectifier Market Overview

Silicon-Controlled Rectifier Market Size is forecast to reach $1.15 billion by 2027, at a CAGR of 7.11% during 2022-2027. Silicon-Controlled Rectifier is a four layered PNPN device and is a prominent member of thyristor family. It consists of three diodes connected back to back with gate connection or two complementary transistors connected back to back. It is widely used as switching device in power regulators, bridge rectifiers, temperature control systems and other AC power control applications. Rising government spending on modern power generation and distribution infrastructure is analysed to be the major driving factor for the growth of Silicon-Controlled Rectifier industry during the forecast period. For instance, according to U.S Energy Information Administration (EIA), smart devices on electric current transmission and distribution lines and at substations allow a utility to more efficiently manage voltage levels and more easily find out where an outage or other problem is on the system tend to create huge impact in the growth of Silicon-Controlled Rectifier Market share across the globe. Moreover, increasing urbanization is analysed to uplift the electricity demands which is contributing significantly in the Silicon-Controlled Rectifier Market during the forecast period.

Report Coverage

The report: “Service Delivery Automation Industry Outlook – Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of the Silicon-Controlled Rectifier Market.

By Technology: AC gate triggered SCR and DC gate triggered SCR. 
By Type: Unidirectional SCR Modules and Bidirectional SCR Modules.
By Application: Power control systems, Pressure control system, Motor control systems, Liquid level, regulators, Light dimmer and Others.
By End-Use Industry: Energy & Utility, Power Transmission, Oil & Gas, Manufacturing, Telecommunication, Automotive, Aerospace, Semiconductors and Others.
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); Row (Middle East & Africa).

Key Takeaways

 Silicon-Controlled Rectifier Market Share, By Region, 2021 (%)

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Silicon-Controlled Rectifier Market Segment Analysis - By Type

By Type, the Silicon-Controlled Rectifier Market Report is segmented into Unidirectional SCR Modules and Bidirectional SCR Modules. Unidirectional SCR Modules segment is analysed to be the highest growing segment with a CAGR of 9.23% in Silicon-Controlled Rectifier Market during the forecast period 2022-2027, owing to the increasing various advantages it offers to the working processes, majorly due to its cost-cutting feature. Unidirectional SCR modules can handle large voltage, current and power with the help of the triggering circuit incorporated on its module. on controlled rectifier (SCR) is simple. Moreover, cost of implication of unidirectional SCR modules are quite low as compared to bidirectional SCR Modules. Ongoing developments and establishment of power industries across various parts of the globe tend to drive its market growth during the forecast period. For instance, according to International Energy Agency (IEA), the electricity demand across the globe escalated by 5% in 2021, this increasing electricity demands tend to drive the demand of cost-effective electricity transmission solutions, further driving the growth of Unidirectional SCR modules during the forecast period.

Silicon-Controlled Rectifier Market Segment Analysis – By End-Use Industry

By End-use Enterprise, the Silicon-Controlled Rectifier Market Report is segmented into Energy & Utility, Power Transmission, Oil & Gas, Manufacturing, Telecommunication, Automotive, Aerospace, Semiconductors and Others. Power Generation industry is analysed to be the highest growing segment with a CAGR of 10.47% in Silicon-Controlled Rectifier Market during the forecast period 2022-2027, owing to the increasing electricity demands across the globe coupled with rising investments in the power generation industry for obtaining maximum outputs. Silicon-Controlled Rectifiers are used for wide range of applications in the Power Transmission industry such as in power-switching circuits, relay-replacement circuits, inverter circuits, oscillator circuits, speed-control circuits, phase-control circuits and others which tend to bring significant growth in its demand in this industry, further enhancing the Silicon-Controlled Rectifier Market growth in Power Transmission industry. For instance, according to International Energy Agency (IEA), total investments done in Power Transmission sector across the globe was recorded to be $81 billion in 2020, a major growth from last years which is analysed to be drive the Silicon-Controlled Rectifier Market growth in Power Transmission industry during the forecast period.

Silicon-Controlled Rectifier Market Segment Analysis – By Geography

Asia-Pacific is analysed to be the major region with a share of 34% in 2021 for the Silicon-Controlled Rectifier Market owing to the rising electricity demands coupled with huge industrialization investments in this region. This increasing digitalization of offering wide range of services tend to drive the growth of Silicon-Controlled Rectifier Market in this region during the forecast period. For instance, according to World Bank Reports, investments done in industrialization in Asia-Pacific region elevated to $9.27 trillion growing at rate of 9.18%. Moreover, according to International Energy Agency (IEA), electricity demand has shown a significant growth in Asia-Pacific region among which China witnessed a major growth. For instance, the YoY growth of electricity demand was recorded 2.3% in 2020. This increasing electricity demand further enhances the adoption of Silicon-Controlled Rectifier for power transmission applications, driving its market growth in Asia-Pacific region during the forecast period.

Silicon-Controlled Rectifier Market Drivers

Increasing application of Silicon-Controlled Rectifiers in smart grids for power transmission is driving its market growth

Smart grid concept came into the effect with the enhancement of technologies like new and renewable energy sources, also the latest upgraded power transfer capabilities get increased in both cases which are transmission and distribution system. Smart grid technology provides more flexible, stable and efficient operation. In smart grid interconnection, flexible AC transmission system devices which includes Silicon-Controlled Rectifier increases the power transfer capacity between existing transmission lines without erecting a new line. Flexible AC transmission system devices does the reactive power compensation by injecting a current to the existing system. Increasing investments in smart grid connectivity is analysed to be the major driving factor for the Silicon-Controlled Rectifier Market growth during the forecast period. For instance, according to International Energy Agency (IEA), investments done in smart-grid infrastructure was recorded $19 billion in 2020. These major investments bring significant growth in the demand of Silicon-Controlled Rectifiers, further propelling its market growth during the forecast period.

Growing urbanization rate coupled with investments done in power distribution and transmission technologies is propelling the demand of Silicon-Controlled Rectifiers

Growing urbanization rate across the globe is enhancing the power transmission infrastructure owing to the increasing electricity demands which aimed to meet the daily requirements of consumers for various applications. This tend to drive the demand of cost-effective technologies for easy transmission as well as control the wastage of power in overloaded transmission channels. For instance, according to World Bank Reports, out of total population across the globe, urban population constitute of 56.15% in 2020, growing at a rate of 0.9%. This will impact significantly in the growth of Silicon-Controlled Rectifiers Market during the forecast period for various power transmission applications. Moreover, according to International Energy Agency (IEA), global investments done in distribution and transmission technologies of power sector was recorded to reach $104 billion and $81 billion respectively in 2020. This investment will drive the penetration of silicon-controlled rectifiers for high-efficient power distribution and transmission application across the globe, further driving its market growth during the forecast period.

Silicon-Controlled Rectifier Market Challenges

Rising adoption of substitutes of silicon-controlled rectifiers coupled with other technical and high cost limitations is analysed to hamper the Silicon-Controlled Rectifier Market growth

One of the most important factor restraining the market growth of Silicon-Controlled Rectifier Market across various end-use industries is the increasing adoption of the substitutes of silicon-controlled rectifiers such as transistor circuits. A silicon-controlled rectifier once triggered, it will conduct current in only one direction. However, the transistor circuit is equivalent to a silicon-controlled rectifier which employs a PNP and an NPN bipolar transistor to mimic the p-n-p-n structure of an SCR. In this circuit, the conduction of AC current is indefinite, as long as there is available current flowing between the anode and the cathode. This tend to limit its adoption in applications where there is continuous demand of electric supply, further restraining its market growth. Moreover, silicon-controlled rectifier offers low switching speed in power control applications, which may decrease the power output which tend to bring major challenges in its adoption in Power Transmission industry, further some of the highest current SCR's used in industries may cost several hundred dollars each. For instance, according to trade India report the cost of highest current SCRs ranges more than $1500. Hence these factors are analysed to restrain the Silicon-Controlled Rectifier Market in the forecast period 2022-2027.

Silicon-Controlled Rectifier Market Landscape

Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Silicon-Controlled Rectifier Market. In 2021, the market of Silicon-Controlled Rectifier Industry outlook has been fragmented by several companies. Silicon-Controlled Rectifier top 10 companies include

1. ABB Ltd.
2. ASI Semiconductor Inc.
3. Central Semiconductor Corp.
4. Dydac Controls
5. Dynex Semiconductor Ltd.
6. Fairchild Semiconductor International Inc
7. Advanced Energy Industries, Inc.,
8. Fuji Electric Co.
9. Hitachi Ltd.
10. Infineon Technologies Ag

Recent Developments

• In November 2020, Advanced Energy Industries, Inc., a global leader in highly engineered, precision power conversion, measurement and control solutions launched their new SCR (silicon-controlled rectifier) power controllers with its new Thyro-A+ for precision industrial and semiconductor heating applications. Thyro-A+ provides customers with next-generation SCR accuracy and load monitoring, the industry’s smallest design footprint and new digital control capabilities for precision heating, melting, drying and forming applications.
• In February 2019, Infineon Technologies Bipolar GmbH & Co. KG launched a bipolar semiconductor with an optically triggered SCR that can improve the reliability, lower the system cost and simplify the design of ultra-high-power applications. Infineon’s new 6-inch SCR incorporated reliable optical triggering, eliminating the requirement for an external electrical trigger circuit.
• In July 2019, Dynex Semiconductor Ltd., a leading power semiconductor technology company, announced the release of the first products in a range of high-efficiency, high-energy, phase-control thyristors (SCRs). The SCR thyristors incorporate process improvements and a new emitter design to achieve improved performance.

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