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Europe Motor Starter Market Analysis

  • Report ID: GMI9599
  • Published Date: May 2024
  • Report Format: PDF

Europe Motor Starter Market Analysis

The automatic motor starter industry will reach over USD 1.5 billion by 2032. These starters help optimize energy usage by providing precise control over motor operation, contributing to energy conservation efforts and reduced downtime, enhancing their appeal to customers. Increased adoption of smart technologies along with surging need for enhanced energy efficiency will foster the business potential. The industry is further propelled by the growing demand from sectors including manufacturing, oil and gas, and HVAC systems.
 

Europe Motor Starter Market Revenue Share, By Voltage, 2023

The low voltage motor starter market size will witness a growth rate of over 4% through 2032. The increasing need for motor starters with enhanced energy efficiency and lower power consumption is set to propel the industry growth. Additionally, the incorporation of smart technologies including Internet of Things (IoT) and advanced communication protocols will enhance the industry landscape. Increasing demand for energy-efficient solutions coupled with stringent energy regulations and the push toward smart manufacturing will foster the business landscape.
 

Germany Motor Starter Market Size, 2022 - 2032 (USD Million)

Germany motor starter market is projected to surpass USD 400 million by 2032. The transition towards sustainability coupled with increasing consumer favoritism towards eco-friendly and energy-efficient solutions is poised to amplify the business expansion. The nation is characterized by a high adoption rate of smart motor starters, which offer features including remote monitoring, predictive maintenance, and seamless integration. Furthermore, economic growth, infrastructure advancements, and heightened manufacturing output will bolster the demand for these units.  
 

Increasing consumer inclination toward sustainability coupled with stringent regulatory standards to adopt of eco-friendly solutions will fuel the Netherlands motor starter market. Furthermore, the ongoing upgradation of motor starters will drive maintenance efforts and contribute to the overall growth of the industry. Robust growth across industrial sector and increasing automation across various industries will escalate the business scenario.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Europe motor starter was reached USD 1.88 billion in 2023 and will grow at a 4.1% CAGR between 2024 and 2032, driven by increasing industrial automation across various sectors, and stringent energy efficiency regulations driving the demand for advanced motor control systems.

Europe automatic motor starter market size will surpass USD 1.5 billion by 2032, primarily due to its widespread adoption across various industries, including manufacturing, automotive, and construction, for its convenience and efficiency.

Germany motor starter industry size will exceed USD 400 million by 2032, propelled by the robust manufacturing sector and emphasis on industrial automation.

Some of the leading companies operating in the Europe motor starter industry are ABB, C&S Electric Limited, Danfoss, DENSO, Eaton, Emerson Electric, General Electric, Kalp Controls, L&T Electrical & Automation, Mitsubishi Electric Corporation, Rockwell Automation, Remy Automotive, Schneider Electric, and Siemens, among others.

Europe Motor Starter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 12
  • Countries covered: 8
  • Pages: 100
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