About Electric Starters
An electric Starter is defined as the device that controls the use of electrical power to equipment, usually a motor. It is available in two type’s namely manual starter and magnetic motor starter. The manual starter is manually operated. It is very simple and easy to use a manual starter. Some of the major benefits of manual starter are compact physical size, choice of enclosures, low initial cost, motor overload protection, and safe and economical operation. A magnetic motor starter is an electromagnetically operated device that starts and stops a motor load attached. Magnetic starters consisting of an electrical contractor and a surcharge that offers protection in the form of a sudden power failure.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of local players and regional players operating in the market. Some of the major players operating in the market are ABB (Switzerland), Carlo Gavazzi (Switzerland), Phoenix Contact (Germany), Schneider Electric SE (France), among others. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Carlo Gavazzi (Switzerland), Phoenix Contact (Germany), Schneider Electric SE (France), Siemens AG (Germany), Eaton Corporation Inc. (Ireland), GE Industrial (India), The Danfoss Group (Denmark), BCH Electric Limited (India) and Otherplayers are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Starters market by Type (Manual Starter and Magnetic Motor Starter), Application (Mechanical Industry, Mining Industry, Power Industry, Automotive Industry and Other) and Region.
On the basis of geography, the market of Electric Starters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Electric Starters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Weld Studs
Market Growth Drivers:
Increasing Usage of Electric Starter in Various Application and Rising Demand from Mechanical Industry
Challenges:
Lack of Awareness regarding Electric Starters
Restraints:
Stringent Rules as well as Regulation
Opportunities:
Growing Demand from Emerging Market such as China, India, among others
Market Leaders and their expansionary development strategies
In June 2022, Mahindra has launched its new generation of Scorpio SUV in India that comes powered by a gasoline and a diesel engine. With that, the car also features a start-stop feature. Source: https://www.mordorintelligence.com/industry-reports/automotive-starter-motor-market
In June 2019, Crompton Greaves launched new Emotron VSX and Emotron VSM series variable speed drives aimed at serving constant torque appllications such as pumps, fans, and compressors.
Key Target Audience
Manufacturers of Electric Starters, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.