+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Combination Starters - Global Market Trajectory & Analytics

  • ID: 4804226
  • Report
  • April 2021
  • Region: Global
  • 287 Pages
  • Global Industry Analysts, Inc
Global Combination Starters Market to Reach $1.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Combination Starters estimated at US$849.1 Million in the year 2020, is projected to reach a revised size of US$1.2 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027. Non-Reversing Combination Starter, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$983.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reversing Combination Starter segment is readjusted to a revised 3.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $230.1 Million, While China is Forecast to Grow at 7.8% CAGR

The Combination Starters market in the U.S. is estimated at US$230.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$247.8 Million by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 44 Featured):
  • ABB Ltd.
  • Danfoss A/S
  • Eaton Corporation PLC
  • Emerson Electric Company
  • Fuji Electric FA Components & Systems Co., Ltd.
  • General Electric Company
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SA
  • Siemens AG
  • Toshiba International Corporation
  • WEG SA
Frequently Asked Questions about the Global Market for Combination Starters

What is the estimated value of the Global Market for Combination Starters?

The Global Market for Combination Starters was estimated to be valued at $849.1 Million in 2020.

What is the growth rate of the Global Market for Combination Starters?

The growth rate of the Global Market for Combination Starters is 5.1%, with an estimated value of $1200.0 Million by 2027.

What is the forecasted size of the Global Market for Combination Starters?

The Global Market for Combination Starters is estimated to be worth $1200.0 Million by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • An Introduction to Motor Starters
  • Combination Starter: The Disconnecting Component in Motor Control Circuits
  • Steady Growth Projected for Combination Starters Market
  • Rising Demand for Motor Control Centers Favors Market Expansion
  • Impact of Covid-19 and a Looming Global Recession
  • Oil & Gas Sector: Largest Consumer of Combination Starter Technology
  • Steady Uptrend in World E&P CAPEX Widens Opportunities for Electrical Equipment in Oil & Gas Sector
  • Exhibit 1: World E&P CAPEX by Region and Type of Company for the Years 2017, 2018 and 2019
  • Exhibit 2: Breakdown of World Energy Demand (in %) by Fuel Type for the Years 2017 and 2040
  • Sophisticated Combination Starters Come to Fore to Address Unique Requirements of Food & Beverage Industry
  • Vital Role of Motor Control in Metal & Mining Facilities Augurs Well
  • Growing Importance of Water and Wastewater Treatment Builds Momentum
  • Combination Starters with IEC and NEMA Ratings Become the Norm
  • Industry 4.0 and IoT Mandate Massive Changes in Electrical Motor Design, Influencing Combination Starter Market

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown