Soft Starter Market Size, Status and Forecast 2021-2027 | Siemens AG, Schneider Electric SE, Eaton Corporation PLC, ABB Ltd (and GE Industrial), Rockwell Automation Inc

Soft starters protect motors from electrical stresses, thereby increasing their lifetime. Therefore, soft starters are used in applications involving pumps, fans and high inertia machines, compressors, conveyors, among others. Soft staters with medium voltage and high voltage are considered under the scope of the report.

The Soft Starter Market was valued at USD 900 million in 2019 and is expected to reach USD 1373 million by 2025, at a CAGR of 6.22% over the forecast period 2020- 2025. Soft starters temporarily reduce voltage or current input by reducing torque, while a variable frequency drive (VFD) drives an electric motor by varying the frequency and voltage of its power supply. The VFD also can control ramp-up and ramp-down of the motor during the start or stop, respectively.

Request for Sample copy (Avail a Flat 25% OFF)

https://www.marketinsightsreports.com/reports/01091746191/soft-starter-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=21

The key manufacturers covered in this report:

Siemens AG, Schneider Electric SE, Eaton Corporation PLC, ABB Ltd (and GE Industrial), Rockwell Automation Inc., Danfoss Group, Fairford Electronics Inc. (Motortronics UK Ltd), Toshiba International Corporation, Crompton Greaves Ltd, IGEL Electric GmbH, AuCom Electronics Ltd

Market Segment by Product Type
Wet Electrodes
Dry Electrodes
Needle Electrodes

Segment by Application

Cardiology
Neurophysiology
Sleep Disorders
Intraoperative monitoring
Other Applications

Mining & Metals to Hold Significant Share

- Soft starters offer a wide range of benefits for applications in the mining, quarrying and metals industry. Features such as undercurrent/overload monitoring and instantaneous overcurrent protect equipment, preventing costly downtime and repairs, while reduced current start limits stress on the electrical supply.

- Power consumption has become a major concern for the companies operating in this segment. For instance, the US mining industry consumes approximately 1,246 Trillion Btu/year (TBtu/yr). The adoption of potential technologies is anticipated to save 258 TBtu/yr -667 TBtu/yr. This has increased the use of energy-saving equipment which is further reflecting the growth of the market studied.

Asia-Pacific to Witness Fastest Growth

- Asia-Pacific is likely to emerge as a demand center for soft starters, led by the increase in industrialization in the regions emerging economies, such as India and China, among others. Industries, such as cement, steel, and power, are expected to grow during the forecast period, which is expected to drive the demand for soft starters in the region. Additionally, Asia-Pacific is expected to be among the fastest-growing markets for soft starters during the forecast period.

- India is the second-largest cement producer in the world. The housing sector accounts for more than 50% of the cement demand. In 2017, the cement industry was estimated to grow by 6-7%, due to the governments focus on infrastructure development.

- As of September 2017, the countrys total cement production capacity was around 425 million metric tons. On the back of growing demand from various sectors, such as housing, industrial construction, and commercial construction, the cement industry is expected to drive the demand for the soft starter in the country.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia)

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/01091746191/soft-starter-market-growth-trends-and-forecast-2020-2025?Mode=21

Competitive Landscape

The soft starter market consists of several players. In terms of market share, none of the players currently dominate the market. The companies are engaging in partnerships in order to contribute to their brand equity.

Feb 2018 - ABB's latest addition to the ABB soft starter family is the efficient PSE range. This soft starter has been equipped with all the most important features making it a very efficient choice. The ABB soft starter portfolio now consists of 3 different ranges making it possible to find a suitable soft starter for almost all possible applications and motor sizes all the way up to 1800A. The soft starter family consists of the Compact PSR, the Efficient PSE and the Advanced PST(B) range.

Soft Starter Market Analysis and Strategies Carry Out as below:

- The report elucidates a gist of the tried-and-tested as well as innovative strategies undertaken by potential stakeholders with regards to the marketing of the product.

- The sales channels chosen (that include direct as well as indirect marketing) by the companies are briefly enumerated in the Soft Starter market report.

- The distributors of these products and a gist of the top-of-the-notch customers for the same are also encompassed in the study.

- The report is inclusive of the pivotal driving forces influencing the commercialization landscape of the Soft Starter market and their impact on the revenue scale of this business sphere.

- The rising product demand from the key geographies as well as the pivotal applications and potential business arenas are also included in the Soft Starter Market report.

What is the Impact of Covid-19 Outbreak on the Soft Starter?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.

- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.

- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Soft Starter.

- Soft Starter Market Size in 2021.

- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.