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Asia Pacific Motor Starter Market Size
Asia Pacific Motor Starter Market size was valued at USD 2.98 billion in 2023 and is anticipated to grow at a CAGR of 5.1% between 2024 and 2032. Increasing trend toward industrial automation along with the shift toward renewable energy sources including wind and solar power will drive the industry growth. For instance, the proportion of renewable energy in total electricity rose to over 20% across India in 2023.
A motor starter is an electrical device used to start and stop electric motors safely. It controls the electrical power to the motor by regulating the voltage and current supplied to it. Motor starters typically consist of a combination of components such as contactors, overload relays, circuit breakers, and control circuits. They provide protection against overloads, short circuits, and other electrical faults, ensuring the efficient and safe operation of electric motors in various industrial, commercial, and residential applications.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 2.98 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 5.1% |
2032 Value Projection: | USD 4.63 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 112 |
Tables, Charts & Figures: | 18 |
Segments covered: | Technology, Voltage, Phase, Application & Country |
Growth Drivers: |
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Pitfalls & Challenges: |
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Asia Pacific Motor Starter Market Trends
The growing demand for heating, ventilation, and air conditioning systems fuel the need for motor starters capable of smooth integration into these systems. Surging trend toward integrating renewable energy sources into industrial processes is reshaping the landscape of motor starters. Additionally, there is increasing demand for centralized control and monitoring of motors in industrial settings driving the product adoption. Stringent regulations regarding energy consumption and safety standards will further drive the business outlook.
Asia Pacific Motor Starter Market Analysis
The manual motor starter segment is set to surpass USD 1.5 billion by 2032. Investments in infrastructure development projects, including construction, transportation, and utilities, will contribute to the demand for motor starters in pumps, conveyors, compressors and other industrial equipment. These motor starters typically require minimal maintenance and are easy to service whenever require, stimulating the business potential. This reduces downtime and maintenance costs, further enhancing their appeal to customers.
The single phase motor starter market size will witness over 4.5% CAGR through 2032. Increasing applicability across agriculture sector along with increasing consumer inclination toward the adoption of modern power equipment will foster the industry landscape. The trend toward intelligent motor starters, equipped with advanced features including diagnostics, remote monitoring and smart control capabilities will boost the product penetration. These features improve efficiency, minimize downtime, and support predictive maintenance strategies, thereby accelerating industry growth.
The China motor starter market is poised to reach USD 1.2 billion by 2032. The shift toward sustainability along with growing consumer preference for eco-friendly and energy-efficient solutions will propel the industry outlook. Flourishing manufacturing sector in line with the increasing infrastructural development will fuel the product penetration. Moreover, increasing replacement of traditional motor starters with the smart units will positively impact the industry landscape.
Japan motor starter industry will grow on account of rapid industrialization and strong development of processing & production plants. The increasing trend of integrating renewable energy sources into industrial processes will have a positive impact on the industry landscape. The rising demand for centralized control and monitoring of motors in industrial settings will drive the business growth.
Asia Pacific Motor Starter Market Share
ABB stands as one of the premier providers of innovative solutions on a global scale, serving diverse industries with a wide-ranging portfolio encompassing power systems, automation technology, and engineering services. Renowned for its unwavering commitment to excellence, sustainability, and customer satisfaction, ABB consistently leads the way in pioneering groundbreaking innovations aimed at optimizing performance, increasing efficiency, and promoting environmental sustainability.
Asia Pacific Motor Starter Market Companies
The key industry players include:
- ABB
- C&S Electric Limited
- CHINT Group
- Crompton Greaves Consumer Electricals Limited
- Danfoss
- Eaton
- Emerson Electric
- Fuji Electric FA Components & Systems Co., Ltd.
- General Electric
- Havells India Ltd.
- Kalp Controls
- L&T Electrical & Automation
- LOVATO ELECTRIC
- Mitsubishi Electric Corporation
- Rockwell Automation
- Schneider Electric
- Siemens
- WEG
Asia Pacific Motor Starter Industry News
- In April 2023, Rockwell Automation recently unveiled enhancements to its motor control products, offering upgraded features across its circuit breakers, motor starting contactors, and overload protectors. These enhancements reflect Rockwell Automation's commitment to providing reliable and efficient solutions for motor control applications.
- In February 2021, Danfoss introduces the VLT Soft Starter MCD 600, adept at reducing load and torque during AC motor start-up, thereby extending system lifespan. With three mechanical sizes up to 1250A, it simplifies engineering tasks, offering advanced controls and protections for superior performance in fixed-speed applications. Integrated bypass ensures high efficiency and harmonic-free operation, leading to reduced energy consumption and cost savings.
The Asia Pacific motor starter market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Units” & “USD Million” from 2021 to 2032, for the following segments:
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Market, By Technology
- Manual
- Automatic
Market, By Voltage
- Low
- Medium
- High
Market, By Phase
- Single Phase
- Three Phase
Market, By Application
- Residential
- Commercial
- Industrial
The above information has been provided for the following countries:
- China
- Japan
- South Korea
- India
- Australia
- New Zealand
- Malaysia
- Indonesia
Frequently Asked Questions (FAQ) :