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The Motor Soft Starter Market size was estimated at USD 2.26 billion in 2023, USD 2.40 billion in 2024, and is expected to grow at a CAGR of 5.84% to reach USD 3.36 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
A motor soft starter is an electronic device that gradually increases the voltage of an electric motor, allowing it to start smoothly and reduce mechanical and electrical stress during the startup phase. A soft starter avoids the abrupt impact of direct-on-line starting by controlling the acceleration of the motor, which can result in high currents and torque. Rising demand for industrial pumps with increasing refineries worldwide and growing investments in water and wastewater treatment projects attributed to motor soft starter market growth. The increasing trend toward industrial automation supports enhancements in smart connectivity features, fueling market growth. The high cost of designing and manufacturing motor soft starters and compatibility issues with the motor soft starter need ongoing support and maintenance, which is restricting the market growth. Furthermore, growing advancements in motor soft starters allow for smart and predictive maintenance of soft starters, and the rising integration of motor soft starters in renewable energy systems is creating growth opportunities in the market.
Regional Insights
The motor soft starter market in the Americas is experiencing growth due to the significant adoption of advanced motor control technologies across various industries, including manufacturing, HVAC, and water & wastewater treatment. The United States is a major country in the region's motor soft starter market, propelled by stringent energy consumption regulations and increased emphasis on industrial automation. Energy efficiency initiatives, such as the NEMA Premium Efficiency Motors program also contribute to the growth of the soft starter market in the region. The Asia-Pacific region is experiencing a high-growth motor soft starter market, primarily driven by rapid industrialization and infrastructure development, especially in China, India, and Southeast Asia. The region benefits from local manufacturers offering cost-effective soft starters, which are becoming increasingly popular due to the rising energy costs and focus on energy conservation in these nations. In the EMEA region, Europe stands out as a mature market for motor soft starters due to established industries and high awareness about energy efficiency. The European market is supported by stringent EU regulations emphasizing energy-efficient machinery and industrial solutions. The Middle East shows potential for growth in line with the region's efforts to diversify economies and develop their manufacturing sectors.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Motor Soft Starter Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Motor Soft Starter Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Motor Soft Starter Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amtech Electronics India Limited, Benshaw Inc., Carlo Gavazzi Holding AG, CG Power And Industrial Solutions Limited, CHINT Group Co., Ltd., Crompton Greaves Consumer Electricals Limited, Danfoss A/S, Eaton Corporation PLC, Eltech Engineering, Emerson Electric Co., Hitachi, Ltd., ICM Controls, JT Engineering Solutions, Larsen & Toubro Limited, Lecon Energetics Pvt. Ltd., Libratherm Instruments Pvt. Ltd., Littelfuse, Inc., LOVATO Electric S.p.A., LS ELECTRIC CO., LTD., Mitsubishi Electric Corporation, Motortronics, Nidec Corporation, NOLTA GmbH, Param Controls, Rockwell Automation, Inc., Schneider Electric SE, Shakti Pumps (India) Limited, Shenzhen Gozuk Co., Limited, Shenzhen Inomax Technology Co.Ltd, Shenzhen Powtech Co., Ltd., Shenzhen Sinovo Electric Technologies Co., Ltd., Siemens AG, Solcon-IGEL Group, Sprecher + Schuh, TECO Electric & Machinery Co., Ltd., Toshiba Corporation, WEG S.A., Xcellent Enterprise, and Xi'an Xichi Electric Co., Ltd.Market Segmentation & Coverage
This research report categorizes the Motor Soft Starter Market to forecast the revenues and analyze trends in each of the following sub-markets:- Voltage Range
- 2.3 KV to 13.8 KV
- Above 13.8 KV
- Below 2.3 KV
- Rated Power
- Above 100 kW
- Upto 100 KW
- Application
- Compressor
- Conveyor Belt
- Fan
- Pump
- Vertical
- Mining
- Oil & Gas
- Power Generation
- Water & Wastewater
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Motor Soft Starter Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Motor Soft Starter Market?
- What are the technology trends and regulatory frameworks in the Motor Soft Starter Market?
- What is the market share of the leading vendors in the Motor Soft Starter Market?
- Which modes and strategic moves are suitable for entering the Motor Soft Starter Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Motor Soft Starter Market, by Voltage Range
7. Motor Soft Starter Market, by Rated Power
8. Motor Soft Starter Market, by Application
9. Motor Soft Starter Market, by Vertical
10. Americas Motor Soft Starter Market
11. Asia-Pacific Motor Soft Starter Market
12. Europe, Middle East & Africa Motor Soft Starter Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- ABB Ltd.
- Amtech Electronics India Limited
- Benshaw Inc.
- Carlo Gavazzi Holding AG
- CG Power And Industrial Solutions Limited
- CHINT Group Co., Ltd.
- Crompton Greaves Consumer Electricals Limited
- Danfoss A/S
- Eaton Corporation PLC
- Eltech Engineering
- Emerson Electric Co.
- Hitachi, Ltd.
- ICM Controls
- JT Engineering Solutions
- Larsen & Toubro Limited
- Lecon Energetics Pvt. Ltd.
- Libratherm Instruments Pvt. Ltd.
- Littelfuse, Inc.
- LOVATO Electric S.p.A.
- LS ELECTRIC CO., LTD.
- Mitsubishi Electric Corporation
- Motortronics
- Nidec Corporation
- NOLTA GmbH
- Param Controls
- Rockwell Automation, Inc.
- Schneider Electric SE
- Shakti Pumps (India) Limited
- Shenzhen Gozuk Co., Limited
- Shenzhen Inomax Technology Co.Ltd
- Shenzhen Powtech Co., Ltd.
- Shenzhen Sinovo Electric Technologies Co., Ltd.
- Siemens AG
- Solcon-IGEL Group
- Sprecher + Schuh
- TECO Electric & Machinery Co., Ltd.
- Toshiba Corporation
- WEG S.A.
- Xcellent Enterprise
- Xi'an Xichi Electric Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 192 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.4 Billion |
| Forecasted Market Value ( USD | $ 3.36 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 40 |
