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Rise In Industrial Automation Expected To Propel Growth Of Enclosed Motor Starter Market Driver: A Major Catalyst in the Evolution of the Enclosed Motor Starter Market in 2025
"How Is the Enclosed Motor Starter Market Projected to Grow, and What Is Its Market Size?The market for enclosed motor starters has seen substantial growth in the past few years. The market is projected to expand from $1.76 billion in 2024 to $1.87 billion in 2025, with a compound annual growth rate of 6.1%. This growth in the previous period is attributed to the rising demand for electric vehicles, stringent global energy consumption regulations, increase in automation and the use of electric motors in manufacturing processes, expansion of solar and wind power projects that need efficient generators, and greater use of electric motors.
The market of the enclosed motor starter is expected to thrive in the coming years, predicted to boost to $2.35 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%. This surge during the forecast period can be attributed to various factors including the sustained expansion of the electric vehicle market, the inception of new alloys and composites, increasing focus on carbon footprint reduction, the unbroken growth of renewable energy setups, urbanization in emerging economies, and amplified investments in R&D. The upcoming trends for this period include a rise in the consumption of high-end materials, a shift towards compact, lightweight motor designs to enhance performance in automotive and handheld applications, the surge in smart motors equipped with sensors and IoT connectivity for instantaneous monitoring and optimization, the implementation of cutting-edge manufacturing methods like laser cutting and additive manufacturing, and increased demand for bespoke motor laminations adapted to specific applications and performance needs.
What Is Stimulating Growth in the Enclosed Motor Starter Market?
The enclosed motor starter market's expansion is poised to be spurred by the surge in industrial automation. The latter involves the use of mechanized equipment and digital logical programming to run machines, reducing dependence on human decisions and physical control. Technological advancements, a heightened focus on safety and compliance, and increasing requirement for real-time data analysis are the motives for the rise in industrial automation. Enclosed motor starters contribute to this progression by providing protected and reliable motor control, improving safety and operational efficiency. For example, the International Federation of Robotics, a research organization for robotics based in Germany, disclosed that in 2022, 553,052 industrial robots were installed globally, marking a 5% increase from the prior year. As such, the escalating trend of industrial automation is expected to steer the growth of the enclosed motor starter market.
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Who Are the Major Industry Players Fueling Enclosed Motor Starter Market Expansion?
Major companies operating in the enclosed motor starter market are Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd, Eaton Corporation, Nidec Motor Corporation, Danfoss Inc., Rockwell Automation Inc., Fuji Electric Co. Ltd., WEG S.A., Hubbell Incorporated, Yaskawa Electric Corporation, SEW-EURODRIVE GmbH & Co KG, Franklin Electric Co. Inc., Leviton Manufacturing Co. Inc., Baldor Electric Company, Benshaw Inc., Toshiba International Corporation, C3 Controls Company Inc., Sprecher + Schuh AG, Springer Controls Company Inc., MCI Control Solutions LLC, Allied Power and Control Inc., LS Industrial Systems Co. Ltd.
Which Key Developments Are Influencing the Enclosed Motor Starter Market?
Leading firms in the enclosed motor starter market are dedicating their efforts towards the innovation of cutting-edge solutions such as driving energy transition, aimed at amplifying energy efficiency in an assortment of industrial contexts. Driving energy transition pertains to the move from conventional energy sources like fossil fuels, to cleaner and renewable sources of energy such as solar, wind, and hydropower. To illustrate, WEG S.A, a manufacturing corporation based in Brazil, unveiled the W23 Sync+Ultra in April 2024, an advanced motor designed to set new standards in terms of energy efficiency and environmental friendliness. As the most energy efficient industrial motor ever designed, it goes beyond previous established benchmarks including IE5, attaining as high as IE6. The motor improves energy loss by 20% compared to its precursor, significantly reducing carbon output and waste. The W23 Sync+Ultra reveals WEG's ongoing commitment to facilitate global energy transition by offering a high-performing solution to industries that amplifies operational efficiency and advocates for environmental sustainability, signifying a crucial evolution in industrial energy efficiency.
How Is the Segmentation of the Enclosed Motor Starter Market Defined?
The enclosed motor starter market covered in this report is segmented -
1) By Type: Metal Shell, Plastic Shell
2) By Power Source: Alternate Current, Direct Current
3) By Application: Commercial, Industrial
4) By Sales Channel: Direct Sales, Distributors
5) By End User: Automotive Industry, Oil And Gas, Power Plants, Manufacturing Units
Subsegments:
1) By Metal Shell: Cast Aluminum Shell Enclosed Motor Starters, Steel Shell Enclosed Motor Starters
2) By Plastic Shell: Polycarbonate Shell Enclosed Motor Starters, Polypropylene Shell Enclosed Motor Starters
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What Is the Leading Region in the Enclosed Motor Starter Market?
North America was the largest region in the enclosed motor starter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enclosed motor starter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Enclosed Motor Starter Global Market Report?
- Market Size Analysis: Analyze the Enclosed Motor Starter Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Enclosed Motor Starter Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Enclosed Motor Starter Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Enclosed Motor Starter Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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