PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1811767
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1811767
Motor Starter Market Introduction and Overview
According to SPER market research, 'Global Motor Starter Market Size- By Type, By Application, By Category, By Source - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Motor Starter Market is predicted to reach 12.85 Billion by 2034 with a CAGR 5.39%.
A motor starter is a device designed to control the starting, stopping, and operation of electric motors while ensuring their protection from electrical faults like overloads, short circuits, or phase imbalances. It helps manage the flow of electricity to the motor, allowing for smooth and controlled startup and preventing damage during operation. Typically, motor starters include components such as contactors and overload relays. Modern versions often incorporate smart features like remote control, automation, and real-time monitoring, making them essential in industrial environments where efficiency, safety, and motor performance are critical.
Restraints: The motor starter market encounters several challenges that may impact its growth. One major hurdle is the high upfront cost of advanced motor starters, particularly those with integrated smart features and automation capabilities, which can be prohibitive for small and mid-sized businesses. Integrating these modern systems into existing, often outdated, industrial infrastructure can also be complex and costly. Additionally, the market is affected by volatile raw material prices and ongoing supply chain disruptions, which can influence production costs and availability.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Technology, By Voltage, By Phase, Application
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
ABB, C&S Electric, CG Power & Industrial Solutions, CHINT Group, CORDYNE, Eaton, Emerson Electric, Fuji Electric, General Electric, Kalp Controls, Mitsubishi Electric, Rockwell Automation, Schneider Electric, and Siemens.
Global Motor Starter Market Segmentation:
By Technology: Based on the Technology, Global Motor Starter Market is segmented as; Manual, Automatic
By Voltage: Based on the Voltage, Global Motor Starter Market is segmented as; Low, Medium, High.
By Phase: Based on the Phase, Global Motor Starter Market is segmented as; Single Phase, Three Phase
By Application: Based on the Application, Global Motor Starter Market is segmented as; Residential, Commercial, Industrial
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.