Press release
Rise In Industrial Automation Expected To Propel Growth Of Enclosed Motor Starter Market: A Key Driver Powering Enclosed Motor Starter Market Growth In 2025
Enclosed Motor Starter Market Size
What Is the Current Enclosed Motor Starter Market Size and Its Estimated Growth Rate?
The enclosed motor starter market size has grown strongly in recent years. It will grow from $1.76 billion in 2024 to $1.87 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased demand for electric vehicles, strict global regulations on energy consumption, growth in automation and use of electric motors in manufacturing processes, expansion of wind and solar power projects requiring efficient generators, increased use of electric motors.
The enclosed motor starter market is expected to experience strong growth, projected to reach $2.35 billion by 2029, at a compound annual growth rate (CAGR) of 5.9%. This growth is fueled by the expanding EV market, the development of new materials, a focus on reducing carbon footprints, the growth of renewable energy, urbanization in developing economies, and increased R&D investments. Key trends include the use of high-performance materials, smaller motor designs, growth in smart motors with IoT integration, advanced manufacturing processes, and customized motor laminations tailored to specific applications.
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How Are Emerging Segments Shaping the Enclosed Motor Starter Market Landscape?
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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Which Growth Factors Are Influencing Enclosed Motor Starter Market Expansion?
The rise in industrial automation is projected to drive the growth of the enclosed motor starter market in the future. Industrial automation involves the use of digital logic programming and mechanical equipment to control machines, reducing the need for human intervention in decision-making and manual operations. The growth in industrial automation is fueled by technological advancements, a stronger focus on safety and compliance, and a rising demand for real-time data analysis. Enclosed motor starters support industrial automation by offering reliable and secure motor control, improving operational efficiency and safety. For example, in September 2023, the International Federation of Robotics, based in Germany, reported that factories around the world installed 553,052 industrial robots in 2022, a 5% increase from the previous year. Thus, the growth in industrial automation is expected to boost the enclosed motor starter market.
Who Are the Dominant Players Across Different Enclosed Motor Starter Market Segments?
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.
What Trends Are Expected to Dominate the Enclosed Motor Starter Market in the Next 5 Years?
Major firms in the enclosed motor starter market are focusing their efforts on pioneering advanced solutions like propelling energy transition to increase energy efficiency in industrial applications. Propelling energy transition means shifting from conventional energy sources, such as fossil fuels, to eco-friendly and renewable energy sources, such as solar, wind, and hydropower. For example, in April 2024, WEG S.A, a manufacturing corporation in Brazil, introduced the W23 Sync+Ultra, a superior motor engineered to set new standards in energy efficiency and sustainability. Acknowledged as the most effective industrial motor ever produced, it surpasses former efficiency benchmarks, including IE5, by achieving IE6 and further. This motor decreases energy losses by 20% in comparison to its predecessor, significantly reducing carbon emissions and minimizing energy squandering. As a demonstration of WEG's dedication to aiding the global energy transition, the W23 Sync+Ultra delivers industries with a highly efficient solution that enhances operational efficiency and endorses environmental stewardship. It is a crucial breakthrough in energy efficiency for industrial activities.
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Which Geographic Regions Are Expected to Dominate the Enclosed Motor Starter Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enclosed Motor Starter Market?
2. What is the CAGR expected in the Enclosed Motor Starter Market?
3. What Are the Key Innovations Transforming the Enclosed Motor Starter Industry?
4. Which Region Is Leading the Enclosed Motor Starter Market?
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