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Europe Motor Starter Market Size
- Report ID: GMI9599
- Published Date: May 2024
- Report Format: PDF
Europe Motor Starter Market Size
Europe Motor Starter Market was valued at USD 1.88 billion in 2023 and is likely to grow at a CAGR of over 4.1% from 2024 to 2032. Flourishing construction industry & robust expansion of manufacturing sector will propel the business growth. Furthermore, the increasing trend toward industrial automation will boost the product demand. For instance, in 2023, the UK construction sector anticipates a growth rate of over 10% compared to the preceding year.
A motor starter is an electrical device designed to safely start and stop electric motors. It manages the electrical power supplied to the motor by controlling the voltage and current. Typically, motor starters are composed of several components, including contactors, overload relays, circuit breakers, and control circuits. They offer protection against overloads, short circuits, and other electrical faults, ensuring the safe and efficient operation of electric motors across industrial, commercial, and residential applications.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Motor Starter Market Size in 2023: | USD 1.88 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.1% |
| 2032 Value Projection: | USD 2.69 Billion |
| Historical Data for: | 2021 to 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Technology, Voltage, Phase, Application & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Motor Starter Market Scope
