Industry Background:
Motor starters are one of the major developments for motor control applications. A motor starter is an electrical device which controls the electrical power for starting a motor. Magnetic motor starter uses electromagnet for its working and offers remote and automatic operation and therefore different from manual motor starters. These starters are commonly used and often, the term Motor Starter is used in reference to the AC Magnetic Motor Starter. Magnetic starter are also used for the purpose of stopping, reversing and protecting electric motors.This growth is primarily driven by Increasing Integration of Motion Control Components
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Electronic Equipment & Instruments sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Galco Industrial Electronics (United States), ABB (Switzerland), GE (United States), c3controls (United States), Schneider Electric (France), Fuji Electric Co., Ltd. (Japan), Mitsubishi Electric (Japan), Siemens (Germany), Riken Electric (Taiwan), Westinghouse Electric (United States), Eaton (Ireland) and Emerson (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2019, Siemens Smart Infrastructure is adding four new devices to its portfolio of Simatic ET 200SP motor starters, which can be used to start electric drives with a power output from 0.1 to 0.4 amperes (A). These types of drives are found in fans and coolant pumps, for exampleThe companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies.
Influencing Trend:
Increasing Growth in Automation and Rising Advancement in Motors Starter
Market Growth Drivers:
Increasing Integration of Motion Control Components and Rising Adoption of Energy-Efficient International Standards
Challenges:
Lack of Skilled Workforce in Developing Economies
Restraints:
Risk and Uncertainty in the Global Market
Opportunities:
Improved Encoders Create New Possibilities in the Motors and Increasing Demand for Capacitive Motors in Strengthened Electrical Motor Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Magnetic Starter Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Magnetic Starter Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Magnetic Starter players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Magnetic Starter Study Sheds Light on
The Magnetic Starter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Magnetic Starter industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Magnetic Starter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.