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Automatic Motor Starter Market Trends

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

Automatic Motor Starter Market Trends

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.

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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