Global Soft Starter Market - Analysis by Deployment Location - Growth Trends and Forecasts 2017 - 2022

  • ID: 4386604
  • Report
  • Region: Global
  • 126 pages
  • Mordor Intelligence
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Global soft starter market is estimated to be USD XX billion in 2015 and is projected to reach USD XX billion by 2022, at a CAGR of XX% during the forecasted period 2016-2022.

When an AC motor starts gaining its full speed with full voltage connection, it produces high torque for the motor. This high torque can shock the attached electrical equipment and possibly damage it. Soft starters are used in this situation to regulate the current and torque. Soft Starter is a power electronics device that is used to slowly increase the current so that the motor reaches a steady state. Similarly, the sudden stoppage of power can damage the motor so the soft starter can also gradually decrease the power so the motor does not stop all of a sudden. So soft starter reduces the stress on the motor during initial starting or stopping a process.

Soft starters are used in pumps, fans, conveyors, and compressors. These are mostly used in chemical, and petro-chemical industries. In other industries such as pulp and paper where a continuous operation produces huge rims of material this product is essential. Since sudden start or stop can affect the synchronization of multiple connected machines. Also in waste water industries, soft starters are used to control the operation of pumps.

Industrial applications in factories employ motors, conveyors, pumps, compressors etc. these equipment share a common attribute i.e. huge power consumption during starting. The power consumption during starting can reach up to six times the normal power requirement of the instrument. So due to this huge load both the machine and electrical system at the plant become susceptible to damage. Soft starters increase the current and torque level of the motor in a measured manner so that the power consumption is lower. Since soft starters operate at high power factor and adjust the load reaching the motor, its use leads to less strain on it. Hence by using soft starter the lifetime of the motor is increased. Soft starters due to adequate power management avoid additional demand for power during starting of the motor and in this process manage the power demand and reduce its additional demand. Variable frequency drive (VFD) are considered as a substitute for soft starters. In terms of performance variable frequency drives have much greater range of operations and for this reason VFDs are preferred in wide range of operations. In low voltage segments it is the VFD that scores over the soft starter. So for appliances using low voltage tend to prefer VFD over soft sarter.

Soft starter consists of several parts. This includes, electric motor, controller, operator interface and drive controller. SOFT starters can also be divided as per current use as less than 100KW and more than 100KW types. These can also be categorized as medium voltage type and low voltage type. Out of these tow the medium voltage soft starter is most popular and used in oil and chemicals domain.

In places where the frequency of voltage and current level varies frequently, there is increased danger to the motor and connected machines as they can start and stop anytime which damages and reduces the life of the motor. Whereas by using soft starters, the initial jolt is smoothed as per the motor capacity. In case where the moor load is suddenly increased there is danger to the soft starters. In cases where there is belt slippages the motor can suddenly increases its load which will damage the soft starter. Soft starters use a function known as star-delta function for three phase motors which are used for industrial operations. The benefit of this is that the starting current and torque are adjusted to about 25% and 30% of the load that a motor would have experienced otherwise. Screw compressors and conveyors require a different set of initial load features than other equipment. It is possible with soft starters to provide adjustable acceleration based on machine type. For heavy industrial uses the common advice that is followed is to install a soft starter with one higher rating than the motor itself. For heavy equipment that take long time to be stable or that experience high frequency of power failures, soft starters can provide improved operating efficiency.

Key Deliverables:

1. Market analysis for the global soft starter market, with region specific assessments and competition analysis on global and regional scales

2. Market definition along with the identification of key drivers and restraints

3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

4. Extensively researched competitive landscape section with profiles of major companies along with their market shares

5. Identification and analysis of the macro and micro factors that affect the global soft starter market on both global and regional scales

6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

7. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

8. Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. Executive Summery
4. Key Inferences
5. Market Overview and Technology Trends
5.1 Current Market Scenario
5.2 Applications of Soft Starter
5.3 Investment Analysis
5.4 Porters Five Forces Framework
5.5 Bargaining Power of Supplier
5.6 Bargaining Power of Consumer
5.7 Threat of New Entrants
5.8 Threat of Substitute of Products and Services
5.9 Competitive Rivalry Within The Industry
5.10 Drivers, Restraints, Opportunities, and Challenges Analysis (Endogenous Factors)
5.11 Market Drivers
5.11.1 Reduced Energy Cost
5.11.2 Extension of Motor Life
5.12 Market Restraints
5.12.1 Superior Performance of VFD
5.12.2 Competitive Price of VFD in Low Voltage Segment
5.13 Key Challenges
5.13.1 Frequent Current and Voltage Fluctuation
5.13.2 Motor Overload
5.14 Current Opportunities in the Market
5.14.1 Improved Operating Efficiency
5.14.2 Adjustable Acceleration Time
5.15 Technology Trends
5.15.1 New Developments
5.15.2 Industry Value Chain Analysis
5.15.3 Product Life-Cycle Analysis
5.15.4 Product Benchmarking
6. Global Soft Starter Market, by Component
6.1 AC Motor
6.2 Controller
6.3 Operator Interface
6.4 Drive Controller
7. Global Soft Starter Market, by Type
7.1 Low Voltage Soft Starter
7.2 Medium Voltage Soft Starter
7.3 Below 100KW
7.4 Above 100 KW
8. Global Soft Starter Market, by Industry Type
8.1 Oil and Gas
8.2 Waste Water
8.3 Chemical
8.4 Petrochemical
8.5 Cement
8.6 Pulp and Paper
8.7 Pumps
8.8 Fan
8.9 Conveyor
8.10 Compressor
9. Global Soft Starter Market, by Geography – Regional Share and Forecasts
9.1 North America (NA)
9.1.1 Introduction
9.1.2 United States
9.1.3 Canada
9.1.4 Rest of North America
9.2 Europe
9.2.1 Introduction
9.2.2 Germany
9.2.3 United Kingdom
9.2.4 France
9.2.5 Italy
9.2.6 Spain
9.2.7 Russia
9.2.8 Rest of the Europe
9.3 Asia-Pacific (APAC)
9.3.1 Introduction
9.3.2 China
9.3.3 Japan
9.3.4 India
9.3.5 Australia
9.3.6 South Korea
9.3.7 Rest of Asia-Pacific
9.4 Middle-East and Africa (MEA)
9.4.1 Introduction
9.4.2 UAE
9.4.3 Saudi Arabia
9.4.4 Israel
9.4.5 Rest of the MEA
9.5 Latin America
9.5.1 Introduction
9.5.2 Brazil
9.5.3 Argentina
9.5.4 Mexico
9.5.5 Rest of Latin America
10. Competitive Landscape
10.1 Market Share Analysis
10.2 Organic and Inorganic Growth Strategies
10.3 Patent Analysis
10.4 The Challengers
10.5 Zero-Sum Quadrant
11. Key Vendor Analysis
11.1 Danfoss
11.2 Eaton
11.3 Siemens
11.4 Schneider Electric
11.5 Emerson Industrial Automation
11.6 ABB Drives
11.7 Solcon
11.8 Fairford Electronics Ltd
11.9 Toshiba International Corporation
11.10 GE Industrial Solutions
11.11 WEG
11.12 Emerson Industrial Automation
12. Analyst Outlook for Investment Opportunities
13. Future Outlook of the Market
14. Appendix
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Note: Product cover images may vary from those shown