Automatic Motor Starter Market
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The automatic motor starter market size was valued at USD 4.4 billion in 2023 and is estimated to grow at a CAGR of over 4.9% from 2024 to 2032. The market is witnessing a considerable surge owing to the growing level of industrial automation and energy-efficient solutions. For instance, in the first half of 2024, Germany’s real estate investment industry recorded transaction volume in excess of USD 15 billion.
An automatic motor starter is an important element in current motor control systems as it serves the purpose of automating the starting, stopping and safeguarding of electric motors. It works by regulating the power available to the motor ensuring a controlled start, current flow and protection against overload, short circuits, and lost phases. Such starters do not require any operator to start working, as they utilize sensors and control devices to monitor the abandoned motor's operating condition and take suitable actions accordingly.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Automatic Motor Starter Market size in 2023: | USD 4.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 4.9 |
| 2023 Value Projection: | USD 6.7 Billion |
| Historical Data for: | 2021 - 2023 |
| No of Pages: | 150 |
| Tables, Charts & Figures: | 50 |
| Segments Covered: | Voltage, Application, Phase & Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Stringent energy efficiency regulations along with the growing emphasis on reducing carbon footprints are pushing industries to adopt starters that minimize power consumption and optimize motor performance, which in turn will fuel the motor starter market. The shift toward smart motor starters that offer remote monitoring, control, and predictive maintenance capabilities is gaining traction, driving the industry potential. Additionally, surging integration of IoT & AI for predictive maintenance and real-time monitoring which in turn will escalate the business outlook.
The low voltage automatic motor starter will cross over USD 2 billion by 2032. These starters are essential for managing the power supply to motors, provide benefits including reduced power consumption, enhanced motor protection and extended equipment lifespan. Furthermore, the integration of IoT and Industry 4.0 in manufacturing processes is propelling the adoption of low voltage systems, particularly in industries comprising of oil & gas, water treatment, and HVAC systems.
The single phase automatic motor starter market size will witness growth rate of over 4.5% through 2032. Firstly, this increase can be attributed to the fact that three phase motors are often used in industries and these starters are an appropriate remedy for overloads, relays and short circuit problems. These would lower maintenance costs while prolonging motor life. Additionally, they aid in the growth of the market. Furthermore, product penetration is anticipated to accelerate due to growing infrastructure and the increasing acceptance of automation by small and medium businesses.
The Asia Pacific automatic motor starter market is set to surpass USD 2.5 billion by 2032. Additionally, using them will lead to greater operational efficiency, lower energy consumption and provides aid to safety which is an advantage for many uses. The ongoing trend of government policies on administrating energy consumption alongside with many advanced motor control systems designed for energy efficiency will aid in increasing growth of the business on a large scale. Finally, swift increase in urbanization along with industrial growth will have a constructive effect on the market.
Stringent energy policies and sustainability development will accelerate the growth of U.S. automatic motor starter market. The continuing engages of renewable energy technologies in various industries implementing electronic microprocessor technologies tend to have a favorable effect on the business climate. Furthermore, the growing industrial need for centralized control and supervision of motors, also accompanied with robust commercial sector growth will support the growth.
CHINT Group is one of the key electrical equipment and automation industries with a global presence because of the wide range of products and solutions they provide. The organization offers a wide array of products suitable for different manufacturing applications. Their range of motor starters include reliable and advanced features for motor protection and control such as thermal overload relays, contactors and combination starters. The motor starters are designed to offer optimal performance, high reliability, and enhanced safety in a wide variety of environments including industrial and commercial applications.
The key industry players include:
Market, By Voltage
Market, By Phase
Market, By Application
The above information has been provided for the following regions and country:
ABB, C&S Electric Limited, CHINT Group, Crompton Greaves Consumer Electricals Limited, Danfoss, and Eaton, among others.
The industry size for automatic motor starter was valued at USD 4.4 billion in 2023 and is anticipated to register a 4.9% CAGR between 2024 and 2032 driven by increasing industrial automation and the demand for energy-efficient solutions.
Asia Pacific market will surpass USD 2.5 billion by 2032 bolstered by the rapid industrialization in line increasing urbanization rate.
The low voltage automatic motor starter industry segment will cross USD 2 billion by 2032 thrusted by the integration of IoT and Industry 4.0 in manufacturing processes.