The global Motor Soft Starter Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.0% during the review period (2022 to 2027)
Motor Soft Starter Market Overview
Motor soft starter is used to minimize the inrush recent formed during motor start up thereby enhancing efficiency and prolonging the shelf life of motors. Soft starters have widespread applications across several industries such as oil & gas, mining, and power generation industries. The soft starter helps in controlling motor acceleration thus preventing the damage of the motor in the whole process. This equipment can be installed with pumps, compressors, fans, among other devices to control the flow of recent to desired level.soft starters include clutches and several types of couplings using a fluid, magnetic forces, or steel shot to transmit torque, similar to other forms of the torque limiter. Electrical soft starters can be any control system that reduces the torque by temporarily reducing the voltage or current input, or a device that temporarily alters how the motor is connected in the electric circuit.Soft starter technology provides significant benefits for the pump, compressor, blower/fan, and centrifuge applications in the oil and gas offshore and onshore industry. The reduced start current minimizes stress on the electrical supply, particularly useful for remote applications, such as offshore oil rigs or isolated pumping stations.the increasing number of oil and gas projects in various countries such as the United States, Canada with abundant oil reserves, and oil sands resources could most likely provide robust growth opportunities for the market during the forecast period. The United States is one of the largest producers of natural gas and crude oil, accounting for around 14.1% and 20.0% of the global production, respectively.
Who are the Major Players in Motor Soft Starter Market?
Top Key players in the Motor Soft Starter Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Motor Soft Starter Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Siemens, ABB, Schneider Electric, Rockwell, Emerson, Eaton, GE, Toshiba, Mitsubishi Electric, Danfoss, Solcon, Omron, AuCom, WEG, RENLE, Hpan, Aotuo, Emotron (CG), Benshaw, Carlo Gavazzi, CHZIRI, CHINT, Delixi, Westpow, Motortronics, Andeli, CNYH, Jiukang and others.
Industry News
In January 2019, AuCom Electronics Ltd launched the EMX4 series of a new generation of advanced low-voltage soft starters. These are equipped with features such as advanced control and protection.
February 2020 - Aucom Electronics Ltd, has launched new addition to soft starter range, the EMX4 advanced soft tarter which is smaller in size and packed with smart motor control and protection features​.It also includes the Smart Card capability which transform it from super smart motor controller to complete system controller.
What are the major Applications, Types and Regions for Motor Soft Starter Market?
Motor Soft Starter Market is segmented based on the type, applications, companies and regions.
By Type, Motor Soft Starter Market has been segmented into
- Low Voltage Motor Soft Starter
- Medium to High Voltage Motor Soft Starter
By Application on Motor Soft Starter Market is,
- Oil & Gas
- Water & Wastewater
- Power Generation
- Mining
- Others
Motor Soft Starter Market Regional Analysis
Europe is attracting many foreign manufacturers, which is enhancing the market’s growth. Motortronics is one of the world’s largest soft starter and control manufacturing specialists with operations in the USA, UK, Korea, and China.
The report offers in-depth assessment of the growth and other aspects of the Motor Soft Starter Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Motor Soft Starter Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Motor Soft Starter Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Motor Soft Starter Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.0% during the review period (2022 to 2027).
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By Type
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- Low Voltage Motor Soft Starter
- Medium to High Voltage Motor Soft Starter
- Others
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By Application
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- Oil & Gas
- Water & Wastewater
- Power Generation
- Mining
- Others
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By Companies
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Siemens, ABB, Schneider Electric, Rockwell, Emerson, Eaton, GE, Toshiba, Mitsubishi Electric, Danfoss, Solcon, Omron, AuCom, WEG, RENLE, Hpan, Aotuo, Emotron (CG), Benshaw, Carlo Gavazzi, CHZIRI, CHINT, Delixi, Westpow, Motortronics, Andeli, CNYH, Jiukang and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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133
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Motor Soft Starter Report
- Evaluate Motor Soft Starter market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Motor Soft Starter market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
FAQ -
What is the study period of this market?
The Motor Soft Starter Market is studied from 2017 - 2027.
What is the growth rate of Motor Soft Starter Market?
The Motor Soft Starter Market is growing at a CAGR of 6.0% over the next 5 years.
What regions does this Motor Soft Starter Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
