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Rise In Industrial Automation Expected To Propel Growth Of Enclosed Motor Starter Market Driver: Leading Transformation in the Enclosed Motor Starter Market in 2025
Enclosed Motor Starter Market Growth
The rise in industrial automation is expected to boost the growth of the enclosed motor starter market. Industrial automation involves the use of digital programming and mechanized systems to operate machinery with minimal human intervention. Its growth is driven by advancements in technology and the need for safety and efficiency. Enclosed motor starters play a vital role in industrial automation by offering protected and reliable motor control. For example, in September 2023, the International Federation of Robotics reported that factories installed over 550,000 industrial robots in 2022, a 5% increase from the previous year. Therefore, the rise in industrial automation will support the growth of the enclosed motor starter market.
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What is the future CAGR of the enclosed motor starter market, and how will it impact industry expansion?
The enclosed motor starter market has seen substantial growth in recent years. It is expected to grow from $1.76 billion in 2024 to $1.87 billion in 2025, with a CAGR of 6.1%. Factors contributing to this growth include the increased demand for electric vehicles, global energy consumption regulations, the rise of automation and electric motor usage in manufacturing, the expansion of wind and solar energy projects, and a broader use of electric motors.
The enclosed motor starter market is predicted to experience significant growth, reaching $2.35 billion by 2029 at a CAGR of 5.9%. Key growth drivers include the expansion of the EV market, new alloy and composite developments, emphasis on reducing carbon footprints, increased renewable energy installations, urbanization in developing nations, and increased research and development investments. Trends include the use of high-performance materials, smaller motor designs, growth in smart motors, and adoption of advanced manufacturing processes.
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What are the most significant trends transforming the enclosed motor starter market today?
Companies in the enclosed motor starter market are advancing solutions to promote energy transition and boost energy efficiency in industrial applications. In April 2024, WEG S.A. introduced the W23 Sync+Ultra motor, which sets new energy efficiency standards (IE6 and beyond), surpassing previous standards like IE5. This motor reduces energy losses by 20%, supporting the global shift toward renewable energy sources and enhancing operational efficiency.
Which key market segments comprise the enclosed motor starter market and drive its revenue growth?
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 regions are at the forefront of enclosed motor starter market expansion?
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.
Who are the leading players fueling growth in the enclosed motor starter market?
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.
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What Is Covered In The Enclosed Motor Starter Global Market Report?
•Market Size Forecast: Examine the enclosed motor starter market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the enclosed motor starter market for a structured understanding.
•Key Players Overview: Analyze major players in the enclosed motor starter market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the enclosed motor starter market.
•Segment Contributions: Evaluate how different segments drive overall growth in the enclosed motor starter market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the enclosed motor starter market.
•Industry Challenges: Identify potential risks and obstacles affecting the enclosed motor starter market.
•Competitive Landscape: Review strategic developments in the enclosed motor starter market, including expansions, agreements, and new product launches.
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