About Motor Soft Starter
Motor soft starter is a device that is used to reduce the inrush current formed through motor start-up thereby improving efficiency and extending the shelf life of motors. Motor soft starters are used with AC electric motors to decrease the load and torque for a power train provisionally. This is done to decrease the mechanical stress as well as rise the durability of the motor. Motor soft starters have much application in different industries including oil & gas, mining, and power generation industries. High adoption of HVAC control system application will help to boost the global motor soft starter market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.04% |
The global motor soft starter market is highly fragmented due to the existence of many players. The key players are facing competition due to the presence of regional players who offer a product as minimum cost. To remain competitive in global motor soft starter key players need to developed new innovative strategies. The threat of new players is moderate in this market due to the cost battles between the existing companies and huge product offerings. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Motor Soft Starter market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABB (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), Fairford Electronics Ltd. (United Kingdom), Rockwell Automation, Inc. (United States), General Electric Company (United States), Emerson Electric Co. (United States) and Danfoss A/S (Denmark) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Carlo Gavazzi Holding Ag (Switzerland), Littelfuse, Inc. (United States), WEG Industries (Brazil) and Toshiba International Corporation Pty Ltd (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Motor Soft Starter market by , Application (Pumps, Fans, Compressors and Others) and Region.
On the basis of geography, the market of Motor Soft Starter 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). If we see Market by Industry, the sub-segment i.e. Oil & Gas will boost the Motor Soft Starter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Voltage, the sub-segment i.e. Low (up to 0.69 kV) will boost the Motor Soft Starter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rated Power, the sub-segment i.e. Up to 100 kW will boost the Motor Soft Starter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption Industrial Pumps and Upsurging Demand for HVAC Control System Applications
Market Growth Drivers:
Growing Demand for Energy Efficient Products and Rising demand in Water and water waste Industry
Challenges:
Growing Concern Regarding Renewable Energy
Restraints:
Threats of Substitutes Such as VFD
Opportunities:
Rising Demand in Oil and Gas Industry in Untapped Market and Growth of Fixed Speed Applications
Market Leaders and their expansionary development strategies
In May 2023, MassRobotics and Maxon announce a partnership to support the robotics innovation ecosystem through collaboration and exploration of motion control technologies around automation and manufacturing-related applications. With Maxon’s extensive expertise and knowledge of electric drives, this partnership will support and advance the latest innovations and technologies in motion control with automation-focused companies in the robotics sector.
In December 2022, Scheinder Electric, the global leader in the digital transformation of energy management and automation, announced the launch of AltivarTM Soft Starter ATS480 in the Indian market.
Key Target Audience
Motor Soft starter Manufacturers, Distributors, and Suppliers, Government Regulatory Authorities, Private Research Organizations, Consulting Companies, Government Research Institutes 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.