Single Phase Automatic Motor Starter Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Single Phase Automatic Motor Starter Market expanded to USD 2.3 billion in 2023 and will witness a 4.7% CAGR from 2024 to 2032. The growing demand for energy efficiency will significantly drive the size of the market as consumers and industries alike seek solutions that minimize energy consumption. Furthermore, the expansion of residential and commercial sectors creates a rising need for efficient motor control in various applications, such as HVAC systems and appliances. As these sectors continue to grow, the demand for reliable and energy-saving motor starters will increase, highlighting their importance in enhancing operational efficiency and reducing electricity costs in modern infrastructure.
The single phase automatic motor starter industry is fragmented based on fuel, capacity, and region.
The medium voltage segment will reach USD 1 billion by 2023 due to the increasing demand for efficient motor control in industrial applications. Medium voltage starters are essential for operating larger motors commonly used in manufacturing, processing, and utility sectors, where reliability and performance are crucial. As industries continue to expand and upgrade their facilities, the need for advanced motor control solutions becomes more pronounced. This trend underscores the importance of medium voltage starters in optimizing energy use and enhancing operational efficiency.
The industrial segment will secure 4.5 CAGR through 2032, spurred by the widespread use of electric motors in manufacturing processes and machinery operations. Industries require efficient motor control solutions to enhance productivity and reduce energy consumption. Automatic motor starters provide essential features such as overload protection and smooth starting capabilities, making them indispensable in various industrial applications. As industries continue to adopt advanced technologies and prioritize operational efficiency, the demand for single-phase automatic motor starters in this segment will grow substantially.
U.S. single phase automatic motor starter market will achieve USD 350 million by 2032, propelled by its robust industrial and commercial sectors. The country’s emphasis on energy efficiency and advanced automation technologies fosters the demand for reliable motor control solutions. Also, stringent regulations regarding energy consumption and safety standards further propel market growth. With ongoing investments in infrastructure and a focus on modernizing electrical systems, the U.S. will remain a pivotal contributor to the expansion of the single phase automatic motor starter industry.
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Market estimates & forecast parameters
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Strategic outlook
4.3 Innovation & sustainability landscape
Chapter 5 Market Size and Forecast, By Voltage, 2021 - 2032 (USD Million & Units)
5.1 Key trends
5.2 Low
5.3 Medium
5.4 High
Chapter 6 Market Size and Forecast, By Application, 2021 - 2032 (USD Million & Units)
6.1 Key trends
6.2 Residential
6.3 Commercial
6.4 Industrial
Chapter 7 Market Size and Forecast, By Region, 2021 - 2032 (USD Million & Units)