Silicon-Controlled Rectifier Market - Forecast (2022-2027)

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).

For more details on this report -?Request for Sample

Key Takeaways

• Increasing urbanization coupled with transformation of electric current distribution systems across the globe is analysed to significantly drive the Silicon-Controlled Rectifier Market during the forecast period 2022-2027.
• Bidirectional SCR Modules are analysed to hold highest share 64.12% in 2021 owing to the wide range of technological advantages and cost-effective features it offers as compared to Unidirectional SCR Modules.
• Energy & Utility are analysed to hold the highest market share 31.21% during the forecast period owing to the supreme cost-saving feature offered by the deployment of Silicon-Controlled Rectifier across various energy industries.
• Asia-Pacific is analysed to hold the highest share in 2021 owing to the increasing urbanization and increasing investments in the development of cost-effective power distribution technologies in this region.

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.

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.?