Press release
Rise In Industrial Automation Expected To Propel Growth Of Enclosed Motor Starter Market: Transformative Forces Shaping the Enclosed Motor Starter Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Enclosed Motor Starter Industry Market Size Be by 2025?
The market size for enclosed motor starters has seen consistent growth over the past few years. The growth is expected to go from $1.76 billion in 2024 to around $1.84 billion in 2025 with a compound annual growth rate (CAGR) standing at 4.8%. The reason for this growth during the historic period can be traced back to several factors such as growing demand for electric vehicles, stringent global energy consumption regulations, increased automation, the implementation of electric motors in manufacturing procedures, the development of solar and wind power projects necessitating efficient generators, and the augmented usage of electric motors.
What's the Long-Term Growth Forecast for the Enclosed Motor Starter Market Size Through 2029?
The market for enclosed motor starters is projected to experience significant expansion in the upcoming years. By 2029, the market is predicted to reach a size of $2.26 billion, progressing at a compound annual growth rate (CAGR) of 5.2%. This growth during the forecast period is believed to be driven by numerous factors including the consistent growth of the EV market, production of innovative alloys and composites, increased focus on lowering carbon emissions, ongoing growth in renewable energy infrastructure, urban development in emerging economies, and heightened investment in R&D. Within the forecast period, key market trends to watch include the surging use of high-performance materials, a shift towards compact, lightweight motor configurations for enhanced performance in automotive and portable devices, an increase in smart motors incorporated with sensors and IoT connectivity for real-time monitoring and fine-tuning, the utilization of sophisticated manufacturing methods such as laser cutting and additive manufacturing, along with a rise in demand for customized motor laminations designed for particular applications and performance needs.
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What Are the Key Growth Drivers Fueling the Enclosed Motor Starter Market Expansion?
The escalation in industrial automation is projected to spur the development of the enclosed motor starter market. Industrial automation involves the use of automated equipment and digital logical programming to manage machines, thereby reducing the need for human involvement in decision-making and manual control. The increase in industrial automation can be attributed to technological advancements, a heightened focus on safety and regulatory compliance, and a growing need for real-time data analysis. Enclosed motor starters contribute to industrial automation by offering dependable and secure motor control, subsequently improving operational effectiveness and safety measures. For example, as per the International Federation of Robotics, a Germany-based robotics research body, factories globally introduced 553,052 industrial robots in 2022, marking a 5% increase from the prior year. Therefore, the escalation in industrial automation is likely to stimulate the enclosed motor starter market.
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Which Fast-Growing Trends Are Poised to Disrupt the Enclosed Motor Starter Market?
Leading corporations in the enclosed motor starter market have shifted their focus to the creation of advanced solutions, particularly for promoting energy transition which improves energy efficiency in industries. This transition involves moving away from traditional energy forces such as fossil fuels, towards more sustainable sources such as solar, wind, and hydropower. An example of this is the W23 Sync+Ultra, an upgraded motor launched in April 2024 by WEG S.A, a manufacturing company based in Brazil. Recognized for being supremely efficient in industrial applications, this motor greatly surpasses previous efficiency standards by achieving IE6 and exceeding it. Compared to its previous models, this motor decreases energy loss by 20%, therefore reducing carbon emissions and preventing energy from being wasted. As part of its dedication to assist in global energy transition, WEG's W23 Sync+Ultra provides industries with an exceptional performance solution that prioritises operational efficiency and environmental conservation. This signifies a crucial development in energy efficiency within industrial sectors.
How Is the Enclosed Motor Starter Market Segmented?
The enclosed motor startermarket 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 Companies Are Leading the Charge in Enclosed Motor Starter Market Innovation?
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 Regions Are Leading the Global Enclosed Motor Starter Market in Revenue?
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.
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