Motor Soft Starter Market by Voltage Range (2.3 KV to 13.8 KV, Above 13.8 KV, Below 2.3 KV), Rated Power (Above 100 kW, Upto 100 KW), Application, Vertical

List of Tables

[192 Pages Report] The Motor Soft Starter Market size was estimated at USD 2.26 billion in 2023 and expected to reach USD 2.40 billion in 2024, at a CAGR 5.84% to reach USD 3.36 billion by 2030.

Global Motor Soft Starter Market

KEY MARKET STATISTICS
Base Year [2023]	USD 2.26 billion
Estimated Year [2024]	USD 2.40 billion
Forecast Year [2030]	USD 3.36 billion
CAGR (%)	5.84%

A motor soft starter is an electronic device that gradually increases the voltage of an electric motor, allowing it to start smoothly and reduce mechanical and electrical stress during the startup phase. A soft starter avoids the abrupt impact of direct-on-line starting by controlling the acceleration of the motor, which can result in high currents and torque. Rising demand for industrial pumps with increasing refineries worldwide and growing investments in water and wastewater treatment projects attributed to motor soft starter market growth. The increasing trend toward industrial automation supports enhancements in smart connectivity features, fueling market growth. The high cost of designing and manufacturing motor soft starters and compatibility issues with the motor soft starter need ongoing support and maintenance, which is restricting the market growth. Furthermore, growing advancements in motor soft starters allow for smart and predictive maintenance of soft starters, and the rising integration of motor soft starters in renewable energy systems is creating growth opportunities in the market.

Regional Insights

The motor soft starter market in the Americas is experiencing growth due to the significant adoption of advanced motor control technologies across various industries, including manufacturing, HVAC, and water & wastewater treatment. The United States is a major country in the region's motor soft starter market, propelled by stringent energy consumption regulations and increased emphasis on industrial automation. Energy efficiency initiatives, such as the NEMA Premium Efficiency Motors program also contribute to the growth of the soft starter market in the region. The Asia-Pacific region is experiencing a high-growth motor soft starter market, primarily driven by rapid industrialization and infrastructure development, especially in China, India, and Southeast Asia. The region benefits from local manufacturers offering cost-effective soft starters, which are becoming increasingly popular due to the rising energy costs and focus on energy conservation in these nations. In the EMEA region, Europe stands out as a mature market for motor soft starters due to established industries and high awareness about energy efficiency. The European market is supported by stringent EU regulations emphasizing energy-efficient machinery and industrial solutions. The Middle East shows potential for growth in line with the region's efforts to diversify economies and develop their manufacturing sectors.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Motor Soft Starter Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Motor Soft Starter Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Motor Soft Starter Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Amtech Electronics India Limited, Benshaw Inc., Carlo Gavazzi Holding AG, CG Power And Industrial Solutions Limited, CHINT Group Co., Ltd., Crompton Greaves Consumer Electricals Limited, Danfoss A/S, Eaton Corporation PLC, Eltech Engineering, Emerson Electric Co., Hitachi, Ltd., ICM Controls, JT Engineering Solutions, Larsen & Toubro Limited, Lecon Energetics Pvt. Ltd., Libratherm Instruments Pvt. Ltd., Littelfuse, Inc., LOVATO Electric S.p.A., LS ELECTRIC CO., LTD., Mitsubishi Electric Corporation, Motortronics, Nidec Corporation, NOLTA GmbH, Param Controls, Rockwell Automation, Inc., Schneider Electric SE, Shakti Pumps (India) Limited, Shenzhen Gozuk Co., Limited, Shenzhen Inomax Technology Co.Ltd, Shenzhen Powtech Co., Ltd., Shenzhen Sinovo Electric Technologies Co., Ltd., Siemens AG, Solcon-IGEL Group, Sprecher + Schuh, TECO Electric & Machinery Co., Ltd., Toshiba Corporation, WEG S.A., Xcellent Enterprise, and Xi'an Xichi Electric Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Motor Soft Starter Market to forecast the revenues and analyze trends in each of the following sub-markets:

Voltage Range
- 2.3 KV to 13.8 KV
- Above 13.8 KV
- Below 2.3 KV
Rated Power
- Above 100 kW
- Upto 100 KW
Application
- Compressor
- Conveyor Belt
- Fan
- Pump
Vertical
- Mining
- Oil & Gas
- Power Generation
- Water & Wastewater
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Motor Soft Starter Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Motor Soft Starter Market?

3. What are the technology trends and regulatory frameworks in the Motor Soft Starter Market?

4. What is the market share of the leading vendors in the Motor Soft Starter Market?

5. Which modes and strategic moves are suitable for entering the Motor Soft Starter Market?

Product Code: MRR-E370886761A4

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Motor Soft Starter Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for pump systems with increasing refineries worldwide
  - 5.1.1.2. Growing investments in water & wastewater treatment projects
  - 5.1.1.3. Increasing trend toward industrial automation
- 5.1.2. Restraints
  - 5.1.2.1. High cost of manufacturing and designing of motor soft starter
- 5.1.3. Opportunities
  - 5.1.3.1. Growing advancements in motor soft starters
  - 5.1.3.2. Rising integration of motor soft starters in renewable energy systems
- 5.1.4. Challenges
  - 5.1.4.1. Compatibility issues with the motor soft starter
5.2. Market Segmentation Analysis
- 5.2.1. Voltage Range: Significant preference for motor soft starters within the 2.3 KV to 13.8 KV voltage range for robust performance and durability across industries
- 5.2.2. Rated Power: Significant adoption of soft starters designated for motors above 100 kW
- 5.2.3. Application: Rising application of motor soft starters in compressors and pumps to benefit from the reduction in pressure surges
- 5.2.4. Vertical: Increasing usage of explosion-proof and corrosion-resistant in the In the oil and gas sector
5.3. Market Trend Analysis
- 5.3.1. Increasing waste water treatment projects with a rising focus on clean energy, expanding the scope of motor soft starters in the Americas
- 5.3.2. Increasing investment in power generation coupled with ongoing innovation in motor soft starters in the APAC region
- 5.3.3. Increasing demand for motor soft starters for industrial process and stringent energy efficiency regulations with strong presence of key players in the EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Motor Soft Starter Market, by Voltage Range

6.1. Introduction
6.2. 2.3 KV to 13.8 KV
6.3. Above 13.8 KV
6.4. Below 2.3 KV

7. Motor Soft Starter Market, by Rated Power

7.1. Introduction
7.2. Above 100 kW
7.3. Upto 100 KW

8. Motor Soft Starter Market, by Application

8.1. Introduction
8.2. Compressor
8.3. Conveyor Belt
8.4. Fan
8.5. Pump

9. Motor Soft Starter Market, by Vertical

9.1. Introduction
9.2. Mining
9.3. Oil & Gas
9.4. Power Generation
9.5. Water & Wastewater

10. Americas Motor Soft Starter Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Motor Soft Starter Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Motor Soft Starter Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. New Product Launch & Enhancement
  - 13.3.1.1. Digistart D4-D5, The New Generation of Electronic Controllers for Fixed Speed Applications
  - 13.3.1.2. Schneider Electric launches Altivar Soft Starter ATS480 for the Indian market
  - 13.3.1.3. UK-Developed Soft-Starters Can Be Set Up In Under 60 Seconds
  - 13.3.1.4. Merged Solcon-IGEL GROUP Launches New Website
- 13.3.2. Award, Recognition, & Expansion
  - 13.3.2.1. Shakti Pumps India Receives 5th Patent
  - 13.3.2.2. Siemens Presents EUR 2 Billion Investment Strategy to Boost Future Growth, Innovation and Resilience
  - 13.3.2.3. Littelfuse Expands eFuse Protection ICs Series to Address More Diverse Demanding Applications
  - 13.3.2.4. Three Utility Patents for Motor Soft Start Control System Were Approved

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. ABB Ltd.
- 14.1.2. Amtech Electronics India Limited
- 14.1.3. Benshaw Inc.
- 14.1.4. Carlo Gavazzi Holding AG
- 14.1.5. CG Power And Industrial Solutions Limited
- 14.1.6. CHINT Group Co., Ltd.
- 14.1.7. Crompton Greaves Consumer Electricals Limited
- 14.1.8. Danfoss A/S
- 14.1.9. Eaton Corporation PLC
- 14.1.10. Eltech Engineering
- 14.1.11. Emerson Electric Co.
- 14.1.12. Hitachi, Ltd.
- 14.1.13. ICM Controls
- 14.1.14. JT Engineering Solutions
- 14.1.15. Larsen & Toubro Limited
- 14.1.16. Lecon Energetics Pvt. Ltd.
- 14.1.17. Libratherm Instruments Pvt. Ltd.
- 14.1.18. Littelfuse, Inc.
- 14.1.19. LOVATO Electric S.p.A.
- 14.1.20. LS ELECTRIC CO., LTD.
- 14.1.21. Mitsubishi Electric Corporation
- 14.1.22. Motortronics
- 14.1.23. Nidec Corporation
- 14.1.24. NOLTA GmbH
- 14.1.25. Param Controls
- 14.1.26. Rockwell Automation, Inc.
- 14.1.27. Schneider Electric SE
- 14.1.28. Shakti Pumps (India) Limited
- 14.1.29. Shenzhen Gozuk Co., Limited
- 14.1.30. Shenzhen Inomax Technology Co.Ltd
- 14.1.31. Shenzhen Powtech Co., Ltd.
- 14.1.32. Shenzhen Sinovo Electric Technologies Co., Ltd.
- 14.1.33. Siemens AG
- 14.1.34. Solcon-IGEL Group
- 14.1.35. Sprecher + Schuh
- 14.1.36. TECO Electric & Machinery Co., Ltd.
- 14.1.37. Toshiba Corporation
- 14.1.38. WEG S.A.
- 14.1.39. Xcellent Enterprise
- 14.1.40. Xi'an Xichi Electric Co., Ltd.
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing