Press release
Motor Soft Starter Market Size - Industry Share Report 2022
Motor Soft Starter
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The motor soft starter market is projected to reach USD 1.84 billion by 2022, at a CAGR of 6.08% from 2017 to 2022.The growing demand for industrial pumps and HVAC systems have boosted the demand for motor soft starters. In addition, the growth of water &wastewater industry in regions, such as Asia-Pacific and the Middle East & Africa, would further aid the growth of this market. The functional superiority and cost competitiveness of VFDs would act as a restraint for the growth of the motor soft starter market.
Based on the type of application, the pump segment is estimated to be the largest and fastest growing market from 2017 to 2022. Pumps find their applications in industries such as oil & gas, chemicals& petrochemicals, cement, and paper & pulp. Pumps are critical for various industrial applications and majority of applications does not require a speed control. The rising application of pumps in these industries and the demand for motor soft start &stop applications would drive the motor soft starter market during the forecast period.
The up to 100kW motor soft starter is the largest market in the rated power segment. Motor soft starters are extensively used by industries for protecting the equipment from sudden inrush voltage while starting. Moreover, this segment is expected to exhibit the highest CAGR from 2017 to 2022. The up to 100kW motor soft starter segment finds major applications in industries such as water &wastewater, which is poised to grow significantly during the forecast period. This is likely to drive the up to 100kW motor soft starter market.
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Key Points From Table Of Content :
Company Profiles :
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
• ABB Ltd.
• Eaton Corporation, PLC
• Siemens AG
• General Electric Company
• Schneider Electric SE
• Rockwell Automation, Inc.
• Fairford Electronics Ltd.
• Emerson Electric Co.
• Danfoss A/S
• Carlo Gavazzi Holding AG
• Littelfuse, Inc.
• Weg SA
• Toshiba International Corporation Pty Ltd
• Crompton Greaves Ltd.
Motor Soft Starter Market, By Industry :
• Introduction
• Oil & Gas
• Water & Wastewater
• Power Generation
• Mining
• Others
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Research Coverage:
The report defines, describes, and forecasts the global motor soft starter market by voltage, rated power, application, industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market.
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