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Motor Starter Market Share

Report ID: GMI7596
Published Date: Dec 2023
Report Format: PDF

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Motor Starter Market Share

The major corporations are prioritizing marketing strategies, technological advancements, brand recognition, and economies of scale as key elements to confront the competition in the industry.

Siemens is a global conglomerate with a broad portfolio of products and services, including industrial automation and control systems. The company offers a range of products such as contactors, motor protection relays, soft starters, and motor control centers. Their products are widely used in various industries, including manufacturing, utilities, and infrastructure.

Motor Starter Market Companies

Major companies operating in the motor starter industry include:

Mitsubishi Electric Corporation
General Electric
WEG
Schneider Electric
Siemens
Emerson Electric
Fuji Electric FA Components & Systems Co., Ltd.
ABB
CHINT Group
Eaton
Danfoss
Havells India Ltd.
Crompton Greaves Consumer Electricals Limited
Rockwell Automation
L&T Electrical & Automation
LOVATO ELECTRIC
C&S Electric Limited
CORDYNE
Kalp Controls
SKN-BENTEX GROUP

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of motor starter was worth USD 7.3 billion in 2022 and is expected to reach over USD 11.1 billion by 2032, due to the increasing adoption of industrial automation along with the growing focus of sustainability and energy efficiency worldwide.

Three phase motor starter industry size is expected to register 5% CAGR from 2023 to 2032, owing to the increasing usage in commercial sector and small scale industries.

Asia Pacific market for motor starter was worth USD 3 billion in 2022 and is expected to register a commendable CAGR from 2023 to 2032, due to rapid industrialization in line with robust development of manufacturing facilities in the region.

Mitsubishi Electric Corporation, General Electric, WEG, Schneider Electric, Siemens, Emerson Electric, Fuji Electric FA Components & Systems Co., Ltd., and ABB are some of the major motor starter companies worldwide.