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“The Motor Soft Starter Market Registered US$ XX Bn in 2019 and it is Estimated to Reach More than US$ 6 Bn by 2028, Likely to witness CAGR of 7.1% During the Forecast Period.”
Motor Soft Starters are used in AC motors to reduce torque and load temporary during starting as compared to discrete contactor switching. The motor soft starter uses low energy, reduce tear & wear on the machine. Soft Starters place a tool called a reduced voltage starter, or soft starter, between the motor and therefore the incoming utility line to manage the quantity of current fed to the motor.
The growing use of motor soft starter in industrial pumps along with side increasing demand of HVAC system including minimal space requirements & cost-effectiveness is the key component that is likely for the expansion of the market across the world. The market is driven by technological advancements and transitioning to be a neighborhood of the connected industrial environment. during this regard, large established players, who have the capabilities of automation solutions and also deep pockets to take a position in R&D, are likely to possess an upper hand.
By Voltage, Low Voltage is projected to Account for Major Share of Global Motor Soft Starter Market
In motor soft starter, the low voltage segment is anticipated to grow at the highest market share in 2018 due to the large adoption of low voltage motors in many industries across the world. These motor are mainly installed in wastewater treatment, oil & gas, pulp & paper, power generation, automobile, cement industries, and food & beverage. The motor soft starter is majorly used to control the initial voltage of the motor to protect it from inrush currents at starting. Hence, due to increasing industrialization and the rise in investment motor soft starter are in high demand.
By Application, Pump is projected to Expand at the Highest CAGR in the Global Digital TV Market.
Pump applications are estimated to be the highest growing motor soft starters market during forecast period 2019 to 2027. This growth is attributed to the increasing levels of water & wastewater investments in regions like the Asia Pacific and therefore the Middle East & Africa. This, combined with the rise in oil & gas investments in response to rising in demand for oil, is predicted to drive the expansion of the market for motor soft starters for pump applications.
Asia Pacific occupied a big market size in 2018.
By geography, the motor soft starter market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is currently the most important motor soft starters market, followed by Europe and. due to increased investments in construction, power generation, and industrialization projects. The Asia Pacific motor soft starter market is additionally driven by a rise in electricity demand and power generation capacity additions within the region. it's projected to grow at the fastest rate, with China dominating the regional market. aside from the Indian and Chinese markets, the motor soft starters market in Japan is in addition to growing at a healthy rate.
The global motor soft starter market is very competitive with the presence of a large number of global and local/regional manufacturers. Key industry players such as Siemens AG, ABB Ltd., Eaton Corporation PLC, Littelfuse Inc., General Electric Company, Emerson Electric Co., WEG SA, Schneider Electric SE, Rockwell Automation, Inc., and Crompton Greaves Limited, among others. In the current scenario, the Asia Pacific and North America are projected to account for more than half of the market share of the global Motor Soft Starter market due to higher demand in these regions.
- Low Voltage
- Medium Voltage
- 2-phase Controlled Soft Starter
- 3-phase Controlled Soft Starter
- Conveyor Belt
- Elevator & Escalator
- Crusher & Mill
- Others (Mixer, Stirrer, etc.)
- North America
- Asia- Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America