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Automatic Motor Starter Market Analysis

  • Report ID: GMI11262
  • Published Date: Sep 2024
  • Report Format: PDF

Automatic Motor Starter Market Analysis

The low voltage automatic motor starter industry 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.
 

Automatic Motor Starter Market Revenue Share, By Phase, 2023

The single phase automatic motor starter market size will witness growth rate of over 4.5% till 2032. These motor starters are essential for safeguarding single-phase motors from issues including overload, voltage fluctuations and short circuits, enhancing motor lifespan and reducing maintenance costs, driving the industry scenario. Rising adoption of automation in small and medium-sized enterprises coupled with surging infrastructure development, is set to foster the product penetration.
 

Asia Pacific Automatic Motor Starter Market Size, 2022 - 2032 (USD Billion)

Asia Pacific automatic motor starter market is set to surpass USD 2.5 billion by 2032. Rapid industrialization in line increasing urbanization rate will positively impact the industry landscape. Its ability to enhance operational efficiency, reduce energy consumption and improve safety will make it a favorable option for wide multitude of applications. Ongoing government initiatives promoting energy efficiency coupled with increasing applicability of advanced motor control systems are set to further propel the business growth.
 

Stringent energy regulations and the push toward sustainability will stimulate the U.S. market. The growing trend of integrating renewable energy sources into industrial processes in line with surging integration of electronic microprocessor-based technologies is set to positively influence the business landscape. Additionally, the increasing demand for centralized control and monitoring of motors in industries along with flourishing commercial sector will drive the industry growth.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

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.

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.

Asia Pacific market will surpass USD 2.5 billion by 2032 bolstered by the rapid industrialization in line increasing urbanization rate.

ABB, C&S Electric Limited, CHINT Group, Crompton Greaves Consumer Electricals Limited, Danfoss, and Eaton, among others.

Automatic Motor Starter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 50
  • Countries covered: 30
  • Pages: 150
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