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Automatic Motor Starter Market Size
- Report ID: GMI11262
- Published Date: Sep 2024
- Report Format: PDF
Automatic Motor Starter Market Size
Automatic Motor Starter Market size in 2023 was valued at USD 4.4 billion and is estimated to grow at a rate of 4.9% between 2024 and 2032. The industry is experiencing significant growth driven by increasing industrial automation and the demand for energy-efficient solutions. For instance, in the first half of 2024, the Germany real estate investment industry reported a transaction volume of over USD 15 billion.
An automatic motor starter is a crucial component in electrical motor control systems designed to automate the starting, stopping and protection of electric motors. It functions by controlling the power supply to the motor ensuring a smooth start, regulating the current flow and providing protection against conditions including overloads, short circuits, and phase failures. These starters operate without human intervention, using sensors and controllers to detect the motor's operational status and adjust 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 2024 to 2032 CAGR: | 4.9% |
| 2032 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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Frequently Asked Questions (FAQ) :
Automatic Motor Starter Market Scope
