Global Motor Soft Starters Market to Reach US$3.2 Billion by 2030
The global market for Motor Soft Starters estimated at US$2.3 Billion in the year 2023, is expected to reach US$3.2 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030. Low Voltage Motor Soft Starters, one of the segments analyzed in the report, is expected to record a 5.0% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the Medium Voltage Motor Soft Starters segment is estimated at 4.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$622.0 Million While China is Forecast to Grow at 7.3% CAGR
The Motor Soft Starters market in the U.S. is estimated at US$622.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$712.1 Million by the year 2030 trailing a CAGR of 7.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
What Are Motor Soft Starters and How Do They Optimize Motor Operation?
Motor soft starters are devices used to control the acceleration of an electric motor to minimize the mechanical stress and electrical current surge of motor start-up. This helps in extending the lifespan of the motor and reducing wear on mechanical components such as gears, shafts, and bearings. Soft starters are crucial in applications ranging from pumps and fans to conveyors, where smooth, gradual starts are necessary to avoid torque spikes and electrical penalties associated with high startup currents. By controlling the voltage supplied to the motor, these devices ensure a smooth ramp-up to full speed, thus improving operational efficiency and safety.
How Are Technological Improvements Shaping Motor Soft Starters?
Technological improvements in motor soft starters are centered around increasing efficiency, connectivity, and usability. Enhanced power semiconductors, like silicon-controlled rectifiers, provide finer control over motor voltage and current, improving the precision of starts and stops. Integration with industrial communication networks allows for remote monitoring and control, aligning with the broader trends of IoT and Industry 4.0. Moreover, user-friendly interfaces and programmable settings make it easier for operators to install and configure these systems, tailoring operations to specific requirements and reducing setup times.
What Market Trends Are Driving Adoption of Motor Soft Starters?
The increasing complexity of industrial machinery and the need for energy efficiency are key trends driving the adoption of motor soft starters. Industries are focusing on reducing energy consumption and mechanical stress during machine operations, which directly influences the demand for advanced starting methods that can mitigate energy spikes and mechanical wear. The growing emphasis on sustainability and operational efficiency by governments and corporations alike is encouraging the uptake of soft starters as part of a comprehensive energy management strategy.
What Drives the Growth in the Motor Soft Starters Market?
The growth in the motor soft starters market is driven by several factors. The need to increase equipment lifespan and reduce maintenance costs in industrial applications is a significant driver. As motors are critical components in most industrial operations, ensuring their longevity and reducing downtime is paramount. Additionally, regulatory focus on energy efficiency and reducing greenhouse gas emissions propels the adoption of soft starters, which contribute to lower energy use during motor start-up phases. The expansion of manufacturing capabilities in emerging economies also plays a crucial role, as new facilities often incorporate advanced motor control technologies, including soft starters, to ensure operational efficiency from the outset.
Select Competitors (Total 13 Featured) -Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook