About Manual Motor Starters
The Surging Demand for Overload and Short Circuit Protection for Heavy Machinery will help to boost the demand for Manual Motor Starters in the forecasted period. Manual motor starters, also known as motor protection circuit breakers (MPCBs) or manual motor protectors (MMPs), are electromechanical protection devices for the main circuit. A motor or electric motor transforms electrical energy into mechanical energy. Almost half of the electricity generated is used for powering motors for various applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The 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 a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Manual Motor Starters market throughout the forecasted period. Established and emerging Vendors 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 (France), Siemens (Germany), Fuji Electric (Japan), Eaton (Ireland), Rockwell Automation (Allen-Bradley) (United States), Mitsubishi Electric (Japan), Emerson Electric (United States), LS Industrial Systems (South Korea) and Hubbell (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Manual Motor Starters market by and Region.
On the basis of geography, the market of Manual Motor 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). North America region held largest market share in the year 2023. If we see Market by Motor Type, the sub-segment i.e. DC Motor will boost the Manual Motor Starters 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. Full voltage or Acr-the-line will boost the Manual Motor Starters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Application, the sub-segment i.e. General Purpose will boost the Manual Motor Starters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Manual Motor Starters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increasing Demand for Low Voltage Protection or Low Voltage Release and The Growing Demand for Motor-Efficiency Performance Standards (MEPs)
Market Growth Drivers:
The Surging Demand for Overload and Short Circuit Protection for Heavy Machinery and The Increasing Demand for Automotive Sector across the World
Challenges:
There is a risk of electrical shock if the starter is not wired correctly or if it is not properly maintained.
Restraints:
The Increasing Competition in The Industry
Opportunities:
Strict regulations from various legislation bodies for few industries such as oil and gas, power generation sectors, mining
Market Leaders and their expansionary development strategies
On 13th April 2021, Schneider Electric, the leader in the digital transformation of energy management and automation, today announces the release of a new generation of TeSys Giga series Motor Starters. The iconic TeSys Giga series has been reimagined with the latest smart digital innovations to deliver a simpler, more sustainable, safe and secure customer experience for panel builders, consulting engineers, system integrators, facility managers, and original equipment manufacturers (OEMs) further building on proven reliability and high electrical durability.
In January 2024, Kia Seltos has Launched a total of 6 new variants of the Seltos which will all come equipped with the 1.5-litre diesel engine and 6-speed manual transmission. Kia India has launched six new variants of the Seltos with diesel engine and 6-speed manual transmission under its Tech Line lineup.
Key Target Audience
Manual Motor Starters Manufacturers, Suppliers, Distributors, Government regulatory Bodies, Private Research Organization, Government Research Organization 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.