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Asia Pacific Motor Starter Market Analysis

  • Report ID: GMI9364
  • Published Date: May 2024
  • Report Format: PDF

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.

 

Asia Pacific Motor Starter Market Revenue Share, By Phase, 2023

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.

 

China Motor Starter Market Size, 2022 - 2032 (USD Million)

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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size for motor starter in Asia Pacific reached USD 2.98 billion in 2023 and is set to witness 5.1% CAGR from 2024 to 2032, owing to the increasing of toward industrial automation along with the shift towards renewable energy sources.

Asia Pacific manual motor starter industry will surpass USD 1.5 billion in revenue by 2032, driven by the investments in infrastructure development projects, including construction, transportation, and utilities.

China motor starter market size is poised to cross USD 1.2 billion by 2032, attributed to the shift towards sustainability along with growing consumer preference for eco-friendly and energy-efficient solutions.

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, and Mitsubishi Electric among others.

Asia Pacific Motor Starter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 18
  • Countries covered: 8
  • Pages: 112
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