Soft Starter Market, By End User Industry, And By Region - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

Soft starters are a type of motor starters that make use of the voltage reduction technique for reducing the voltage in the starting process of the motor. These devices provide a gradual increase of voltage during motor starting. Using soft starter can prevent all type of mechanical tear and jerking resulting from sudden supply of full voltage. Soft starters are used in several different industries, as it reduces starting torque and gradually grows the voltage. This offers safety to the device without affecting the efficiency.

Market Dynamics:

The rise in demand for HVAC equipment and growing adoption of industrial pumps is expected to drive growth of the global soft starter market during the forecast period. Moreover, increasing technological development is likely to provide market players with multiple opportunities in the market.

However, factors like availability of alternatives such as VFDs and high cost related to R&D proficiencies is anticipated to hamper growth of the global soft starter market during the forecast period.

Key features of the study:

This report provides in-depth analysis of the global soft starter market, and provides market size (US$ 2,386.5 Million) and compound annual growth rate (CAGR 8.23%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global soft starter market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Siemens AG, Aucom Electronics Ltd (Benshaw Inc.), Schneider Electric SE, IGEL Electric GmbH, Eaton Corporation PLC, Crompton Greaves Ltd., ABB Ltd., Toshiba Corporation, Rockwell Automation Inc., Fairford Electronics Inc. (Motortronics UK Ltd), and Danfoss Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global soft starter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global soft starter market

Detailed Segmentation:

Global Soft Starter Market, By End User Industry
- Mining and Metal
- Food and Beverage
- Energy and Power
- Oil and Gas
- Other End user Industries
Global Soft Starter Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Siemens AG
- Schneider Electric SE
- Eaton Corporation PLC
- ABB Ltd
- Rockwell Automation Inc.
- Danfoss Group
- Fairford Electronics Inc. (Motortronics UK Ltd)
- Toshiba Corporation
- Crompton Greaves Ltd
- IGEL Electric GmbH
- Aucom Electronics Ltd (Benshaw Inc.)

Product Code: CMI5722

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By End User Industry
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Growing demand for industrial pumps
Growing HVAC equipment demand
- Restraints
Growing penetration of various alternatives
Limited control and accuracy of soft starters
- Opportunities
Growing focus on improvement of utility factors
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Soft Starter Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Soft Starter Market , By End User Industry, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
Mining and Metal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Food and Beverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Energy and Power
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Other End user Industries
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)

6. Global Soft Starter Market , By Region, 2017-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2017-2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)

7. Competitive Landscape

Siemens AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Aucom Electronics Ltd (Benshaw Inc.)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Schneider Electric SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
IGEL Electric GmbH
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Eaton Corporation PLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
ABB Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Crompton Greaves Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Rockwell Automation Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Toshiba Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Danfoss Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

8. Section

Research Methodology
About us

Soft Starter Market, By End User Industry, And By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030