Home > Energy & Power > Electrical Equipment > Motor Starters > Asia Pacific Motor Starter Market
Asia Pacific Motor Starter Market Size
- Report ID: GMI9364
- Published Date: May 2024
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Asia Pacific Motor Starter 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: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Asia Pacific Motor Starter Market Scope
