Global Motor Soft Starter Market Size Study, by Voltage Range (2.3 KV to 13.8 KV, Above 13.8 KV, Below 2.3 KV), by Rated Power (Above 100 kW, Up to 100 kW), by Application (Compressor, Conveyor Belt, Fan, Pump), by Vertical (Mining, Oil & Gas, Power Gener

Global Motor Soft Starter Market Size Study, by Voltage Range (2.3 KV to 13.8 KV, Above 13.8 KV, Below 2.3 KV), by Rated Power (Above 100 kW, Up to 100 kW), by Application (Compressor, Conveyor Belt, Fan, Pump), by Vertical (Mining, Oil & Gas, Power Generation, Water & Wastewater), and Regional Forecasts 2022-2032

The Global Motor Soft Starter Market was valued at USD 2.35 billion in 2023 and is projected to grow with a compound annual growth rate (CAGR) of 6.45% from 2024 to 203. A motor soft starter is an essential electronic device designed to gradually increase the voltage of an electric motor, thereby allowing a smooth start and mitigating mechanical and electrical stress during the startup phase. By controlling motor acceleration, soft starters prevent the abrupt impact of direct-on-line starting, which often results in high currents and torque.

The demand for motor soft starters is driven by the increasing need for industrial pumps due to the proliferation of refineries worldwide and substantial investments in water and wastewater treatment projects. The growing trend towards industrial automation, coupled with advancements in smart connectivity features, further propels market growth. However, the high costs associated with designing and manufacturing motor soft starters, along with compatibility issues requiring ongoing support and maintenance, pose challenges to market expansion. Nonetheless, technological advancements facilitating smart and predictive maintenance and the rising integration of motor soft starters in renewable energy systems create significant growth opportunities.

The key regions considered for the Global Motor Soft Starter Market study include Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. The Asia-Pacific (APAC) region is the leading market for motor soft starters. This dominance is driven by rapid industrialization and urbanization, particularly in countries like China, India, and Japan. These nations are experiencing substantial growth in manufacturing, construction, and infrastructure development, all of which require efficient motor control solutions to ensure the smooth operation of machinery and equipment. Additionally, the expanding energy sector in APAC, with a focus on renewable energy projects, demands reliable and efficient motor soft starters for various applications. On the other hand, North America is projected to grow at a fastest rate owing to presence of numerous industries, coupled with increasing investments in industrial automation and the implementation of stringent regulations for energy efficiency, further propels the market growth in this region.

Major market player included in this report are:

ABB Ltd.

Siemens AG

Schneider Electric SE

Rockwell Automation, Inc.

Eaton Corporation PLC

Danfoss A/S

Emerson Electric Co.

Mitsubishi Electric Corporation

Toshiba Corporation

WEG S.A.

Hitachi, Ltd.

Nidec Corporation

TECO Electric & Machinery Co., Ltd.

Motortronics

Benshaw Inc.

The detailed segments and sub-segment of the market are explained below:

By Voltage Range

2.3 KV to 13.8 KV

Above 13.8 KV

Below 2.3 KV

By Rated Power

Above 100 kW

Up to 100 kW

By Application

Compressor

Conveyor Belt

Fan

Pump

By Vertical

Mining

Oil & Gas

Power Generation

Water & Wastewater

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE (Rest of Europe)

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC (Rest of Asia Pacific)

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA (Rest of Middle East & Africa)

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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