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Motor Soft Starter Market by Voltage, Rated Power, Application, Industry And Region - Global Forecast to 2022

Motor Soft Starter Market: Global Forecast until 2022

  • May 2017
  • 157 pages
  • ID: 4933553
In this report:
The Middle-East & Africa low voltage motor soft starter market is expected to reach USD ##.## million by 2022, at a CAGR of ##.##% during the forecast period, whereas the medium voltage motor soft starter market was valued at USD ##.## million in 2016, and is expected to record the highest CAGR of ##.##% from 2017 to 2022.
According to the International Energy Agency (IEA), the share of renewable energy in global power generation is expected to be over ##% by 2020 from ##% in 2013.

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The motor soft starter market is estimated to rise at a compound annual growth rate of ~6.1 percent between 2017 and 2022

The motor soft starter market is estimated to grow ~$1.8B by 2022, at a compound annual growth rate of ~6.1 percent between 2017 and 2022. The increasing demand for industrial pumps and HVAC systems have boosted the sector demand for motor soft starters. Additionally, the increase of water & wastewater market in localities, including Asia-Pacific and the Middle East (ME) & African continent, would further aid the increase of this market. The functional superiority and cost competitiveness of VFDs would act as a restraint for the increase ot the motor soft starter market.

The pumps segment is anticipated to grow at the highest CAGR (Compound annual growth rate) between 2017 and 2022

Established on the type of application, the pump segment is forecasted to be the most important and quickest increasing market between 2017 and 2022.Pumps find their applications in industries including oil & gas, chemicals & petrochemicals, cement, and paper & pulp.

Pumps are critical for different industrial applications and majority of applications does not require a speed control. The growing application of pumps in these markets and the market demand for motor soft start & stop applications would drive the motor soft starter market during the outlook period.

The up to 100 kW segment is forecasted to dominate the motor soft starter market between 2017 and 2022

The up to 100 kW motor soft starter is the largest industry in the rated power segment.Motor soft starters are extensively used by sectors for protecting the equipment from sudden inrush voltage while starting.

Also, this industry segment is expected to display the highest compound annual growth rate (CAGR) between 2017 and 2022.The up to 100 kW motor soft starter segment finds main applications in industries including water & wastewater, which is poised to grow significantly during the forecast period.

This is likely to drive the up to 100 kW motor soft starter market.

Asia-Pac: The biggest market for motor soft starters

Asia Pacific (APAC) is currently the biggest market for motor soft starters, succeeded by Europe (EU) and North America continent.The APAC market is influenced by power generation capacity addition and quick industrialization projects in this area.

The sector in the Asia-Pac region is expected to grow at the quickest rate, with China (CN) anticipated to dominate the industry.Territories, including Japan, Malaysia (MY), Australia (AU), and South Korea (KR) are driving the sector in the Asia Pacific (APAC) area.

Furthermore, the low manufacturing cost of soft starters along the increased use of AC induction motors are driving the rise of the motor soft starter market in China (CN).

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1-50.0 percent, Tier 2-33.0 percent, Tier 3-17%• by level type: C-Level-17%, D-Level-33%, Others-50%• By Area: Asia-Pacific-50%, North America-17%, Europe-17%, Rest of the World-16%Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = From $1.0B to $10.0B, and Tier 3 =

The key players in the motor soft starter market contain ABB Ltd. (NYSE:ABB), Schneider Electric (SU), Eaton (NYSE:ETN), PLC, Siemens (SIA), General Electric (NYSE:GE), Fairford Electronics Ltd., and Rockwell Automation (NYSE:ROK).

Segment Research

The market research defines, depicts, and forecasts the overall motor soft starter market by voltage, rated power, application, market, and area.It also provides a in-depth qualitative and quantitative analysis of the market.

The industry report offers a comprehensive analysis of major market drivers, industry restraints, possibilities, and opportunities. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for motor soft starter market, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector, and offers business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better, and will benefit in making tactical conclusions.

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