Motor Soft Starter Market Is Projected To Reach US$ 3.6 Billion By 2033

global motor soft starter market is forecasted to achieve a valuation of US$ 3.6 billion by 2033, expanding at a 6% CAGR from 2023 to 2033.

The term 'soft starter' refers to a unique motor controller form that can alter an electric motor's pace. As opposed to hard starters, which apply full power from the start and are frequently employed as motors for high-torque applications such as big industrial machines, soft starters function by starting and then slowly accelerating. Soft starters are utilized in instances where the motor's abrupt starting and stopping can cause electrical or mechanical damage.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8405?PS

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

• The global motor soft starter market is valued at US$ 2 billion in 2023.
• Worldwide demand for motor soft starters is expected to increase at a CAGR of 6% from 2023 to 2033.
• The global market is predicted to hit US$ 3.6 billion by 2033.
• North America held 36% share of the global market in 2022.

"Growing need for compressors, fans, and industrial pumps; strong use of electric motors in key industries; and rising investments in oil & gas, water & wastewater treatment projects globally are driving the global market for motor soft starters," says a Fact.MR analyst.

𝐄𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Siemens AG
• Emerson Electric Company
• ABB Ltd
• General Electric Company
• Eaton Corporation PLC
• Rockwell Automation, Inc
• Schneider Electric SA
• Toshiba International Corporation

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

The global market is highly competitive. Key players in the motor soft starter market are putting an emphasis on expanding their customer base in foreign markets. Market players are collaborating strategically to increase their market share and profitability.

Furthermore, as a result of technological advancements and product breakthroughs, mid-size to small enterprises are increasing their market presence by obtaining new contracts and entering new industries.

Siemens AG launched the Sirius 3RW55 Failsafe, the company's first soft starter with inbuilt safe torque-off features, in August 2021. The product incorporates a fail-safe digital input that is directly connected to an emergency stop button. If an operator activates the emergency shutdown option, the motor comes to a complete halt. The motor continues in this mode until the interlock is activated. The company wants to increase its product offering with the launch of this novel motor soft starter.

Aucom Electronics Ltd. announced a new addition to the soft starter line, the EMX4 advanced soft tarter, in February 2021, which is packed with smart motor control and protection functions. It has Smart Card functionality, converting it from a very smart motor controller to a comprehensive system controller. It also has motor, starter, and system protection capabilities, as well as alarms to warn the user of any potential problems.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

The extensive use of motor soft starters across numerous industrial verticals as a result of the rising demand for electric motors and industrial pumps is one of the primary reasons driving market expansion. Furthermore, increasing construction activities have prompted the installation of a motor soft starter for heating, ventilation, and air conditioning (HVAC) applications, boosting the market growth. This is bolstered further by the expanding product use in the data center industry, which aids in lowering the inrush current needed for system operation.

Numerous favorable initiatives by government bodies in various nations for investing in wastewater projects, wherein soft starters are implemented in coolers and pumps to guarantee access to clean water, are propelling the market growth. Furthermore, the large-scale incorporation of different digital solutions has allowed for the creation of soft starters in flexible, compact, and modular designs, which provide consumers and suppliers with a variety of advanced characteristics and features, such as improved efficiency, enhanced protection and stronger communication capabilities, and reduced downtime. Such factors are accelerating the growth of the global market.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

By Voltage :

Low
Medium

By Application :

Fans
Pumps
Compressors

By End Use :

Oil & Gas
Mining
Power
Water & Wastewater
Other End Uses

By Region :

North America
Latin America
Europe
Asia Pacific & China
Middle East & Africa

Regional Analysis

North America is leading the worldwide market. The United States, Canada, and Mexico are making considerable contributions to the regional market growth. Moreover, Asia Pacific and Europe are expected to follow North America in terms of development.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8405?PS

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global motor soft starter market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study divulges essential insights on the market based on voltage (low, medium), application (fans, pumps, compressors), and end use (oil & gas, mining, power, water & wastewater, other end uses), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐨𝐭𝐨𝐫 𝐒𝐨𝐟𝐭 𝐒𝐭𝐚𝐫𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• What is the projected value of the Motor Soft Starter Market in 2023?
• At what rate will the global Motor Soft Starter Market grow until 2033?
• Which are the factors hampering the growth in the Motor Soft Starter Market?
• Which region is expected to lead in the global Motor Soft Starter Market during 2023 to 2033?
• Which are the factors driving the Motor Soft Starter Market during the forecast period?
• What is the expected market value of the Motor Soft Starter Market during the forecast period?

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.factmr.com/report/motor-soft-starter-market

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