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Motor Soft Starter Market Future Scope, Competitive Analysis And Revenue Till 2022

By Author: Akshay
Total Articles: 138

The global motor soft starter market is estimated to be USD 1.37 Billion in 2017 and is expected to grow at a CAGR of 6.08% from 2017 to 2022. Increasing demand for industrial pumps and HVAC applications is one of the major factors driving the motor soft starter market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the motor soft starter market. These players include ABB Ltd. (Switzerland), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), and Schneider Electric SE (France). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Scope of the Report
By Voltage, the Motor Soft Starter Market has been segmented into the following:
o Low Voltage
o Medium Voltage
By Rated Power, the Motor Soft Starter Market has been segmented into the following:
o Up to 100 kW
o Above 100 kW
By Application, the Motor Soft Starter Market has been segmented into the following:
o Pumps
o Fans
o Compressors
o Others
By Industry, the Motor Soft Starter Market has been segmented into the following:
o Oil & Gas
o Water & Wastewater
o Power Generation
o Mining
o Others
By Region, the Motor Soft Starter Market has been segmented into the following:
o Asia-Pacific
o Europe
o North America
o Middle East & Africa
o South America
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The low voltage segment is expected to hold the largest share of the motor soft starter market, by voltage, during the forecast period
The low voltage segment includes motor soft starters up to 690 V and is expected to hold the major share due to the widespread adoption of low voltage motors in various industries globally. The low voltage motor soft starters find their major application in water & wastewater, paper & pulp, chemicals, cement, petrochemicals, and utility-type industries. Asia-Pacific is the largest market for low voltage motor soft starters because of the presence of developing economies such as China and India, which have experienced rapid rate of urbanization and industrialization. All these factors are expected to boost the low voltage motor soft starter market.
The pumps segment is the largest motor soft starter market, by application
The pumps segment held the largest share in the motor soft starter market in 2016 due to various pump applications such as chilled water pumps, cooling tower pumps, utility pumps, process pump, and offloading pumps, among others. Moreover, soft starters play an important role in order to protect wear and tear of motors which are driving these pumps. . Industries such as water & wastewater, oil & gas, chemicals & petrochemicals, cement, and paper & pulp involve processes that require pumps for various pumping applications. Any damage to motors which are driving these pumps can affect various processes in these industries.
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Variable Frequency Drives (VFDs) offer energy saving and wide range of applications that require speed control, high torque, or continuous feedback for critical position control. Motor soft starters are used in applications which require low or medium torque. Therefore, VFDs find numerous application such as motors, pumps, fans, and compressors in variety of industries which make them a preferred choice over motor soft starters. In addition, the benefit of cost competitiveness of the VFDs over motor soft starters in the low voltage segment is a factor that restrains the growth of the motor soft starter market.
Target Audience:
The report’s target audience includes:
• Soft starter manufacturers, distributors, and suppliers
• State and national regulatory authorities
• Consulting companies in energy & power and industrial sectors
• Institutional investors/shareholders
• Environmental research institutes
• Process industries and power & energy associations
• Government and research organizations
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

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