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Motor Soft Starter Market Analysis Of Key Player 2020 - 2028 | ABB, Schneider Electric SE, Rockwell Automation, Inc., General Electric Company
Motor Soft Starter Market
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According to the latest report by Quince Market Insights, the motor soft starter is used to reduce the inrush current formed during motor start up thereby improving efficiency and prolonging the shelf life of motors. Soft starters have widespread end-use applications across different industries such as oil & gas, mining, and power generation industries. The soft starter used to controlling motor speed thus preventing the damage of the motor in the entire process. Such equipment can be mounted with, among other tools, fans, pumps, compressors to regulate current flow to desired level.
Motor Soft Starter Market growth is projected to gain high momentum over the forecast period due to the soft starter motor market projected to undergo significant development in the coming years a soft starter motor is a system that reduces the torque applied to the electric motor. It consists of solid state devices such as thyristors that control voltage supply to the motor. The starter works on the principle of the torque being equal to the tension applied. So the torque and the current are regulated by reducing the voltage of the motor.
Segment Analysis:
A motor soft starter finds use in applications such as compressors, fan pumps, and other tools to minimize current flow. The soft starter motor market was segmented into low voltage and medium voltage, based on voltage. Because of their widespread acceptance in various process industries around the globe, low voltage soft starter motors are expected to increase. Global Greenfield industrial investments have been on the rise, especially in Asia Pacific, which is likely to boost demand for the low voltage motor soft starters over the forecast period. The market is further divided on the basis of power rated up to 100kW and above 100kW. Motor soft starter is commonly used in mining, oil & gas, power generation, and other industries. The motor soft starter market is expected to grow significantly during the forecast period due to the increasing demand for pumps in Asia Pacific region in countries such as India. Due to the introduction of the latest technologies North America and Europe are expected to lead the market.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Eaton Corporation
2. ABB
3. Schneider Electric SE
4. Rockwell Automation Inc.
5. General Electric Company
6. PLC
Significant Development:
o In June 2019, Crompton Greaves launched new variable speed drives of the Emotron VSX and Emotron VSM series to support constant torque applications such as pumps, fans, and compressors.
o In January 2019, AuCom Electronics Ltd has launched a new range of advanced low voltage soft starters, the EMX4 series. These are fitted with features such as advanced inspection and security.
Drivers:
o Enhanced Industrial Pump Demand
o Rising demand for air conditioning, ventilation and heating applications
o High-efficiency motors adopted
Restraints:
o Functional dominance and competitive price of frequency variable drives
Key Factors Impacting Market Growth:
o The motor soft starter market is expected to see significant development in the coming years
o The growth of infrastructures is projected to have a positive effect on the market
o Motor soft starters are cost-effective
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Regional Outlook:
The motor soft starter market provides brief information for markets including North America, Asia Pacific, Middle East, Western Europe, Eastern Europe, and Rest of the World.
Asia Pacific is estimated one of the fastest growing regions for motor soft starter market during the forecast period due to increased investments in projects involving construction, power generation and industrialisation. Increasing power generation capacity additions and demand for electricity are also expected to further boost the soft starter motor market in this region.
Market Segmentation:
By Application:
Compressor
Fan
Pump
Others
By Voltage:
Low Voltage
Medium Voltage
By Rated Power:
Upto 100 kW
Above 100kW
By Industry:
Mining
Power Generation
Oil & Gas
Wastewater
Others
By Region:
North America
By Country (US, Canada, Mexico)
By Application
By Voltage
By Rated Power
By Industry
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Application
By Voltage
By Rated Power
By Industry
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Application
By Voltage
By Rated Power
By Industry
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Application
By Voltage
By Rated Power
By Industry
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Application
By Voltage
By Rated Power
By Industry
Rest of the World
By Region (South America, Africa)
By Application
By Voltage
By Rated Power
By Industry
Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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