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Asia Pacific Motor Starter Market Trends

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

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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.

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.