Global Motor Starters Market Growth 2023-2029

Global Motor Starters Market Growth 2023-2029

The electric motor starter rotates an internal combustion engine until it can power itself, such as in automobiles.

LPI (LP Information)' newest research report, the “Motor Starters Industry Forecast” looks at past sales and reviews total world Motor Starters sales in 2022, providing a comprehensive analysis by region and market sector of projected Motor Starters sales for 2023 through 2029. With Motor Starters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Motor Starters industry.

This Insight Report provides a comprehensive analysis of the global Motor Starters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Motor Starters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Motor Starters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Motor Starters and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Motor Starters.

The global Motor Starters market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

With the rising energy costs becoming one of the major concerns for countries across the world, reducing power consumption is one of the key strategies followed by businesses across the world to increase their profit margins. It has been observed that electric motors account for the major shares for energy consumption in industries. This, in turn, will lead to an augmented demand for increasing the efficiency of these motors by controlling the speed using industrial motor starters.

This report presents a comprehensive overview, market shares, and growth opportunities of Motor Starters market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Low Voltage Motor Starters
High Voltage Motor Starters

Segmentation by application
Oil and Gas Industry
Mining Industry
Power Industry
Automotive Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Danfoss
Rockwell Automation
Siemens
Allied Motion Technologies
ARC Systems
Emerson Electric
Franklin Electric
Fuji Electric
Huali
IMO precision Controls
Schneider Electric
TECO-Westinghouse
Toshiba
WEG
Yaskawa

Key Questions Addressed in this Report

What is the 10-year outlook for the global Motor Starters market?

What factors are driving Motor Starters market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Motor Starters market opportunities vary by end market size?

How does Motor Starters break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.