Increasing adoption of renewable energy sources including wind turbines and solar panels necessitates motor starters to control the operation of motors driving generators and other equipment in renewable energy systems. Furthermore, the growing demand for centralized control and monitoring of motors in industrial settings will drive the product growth. Strict regulations concerning energy consumption and safety standards will positively enhance the business outlook.
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.
