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Residential Automatic Motor Starter Market Size
The global residential automatic motor starter market size was valued at USD 1.21 billion in 2023 and is estimated to grow at a CAGR of 4.6% from 2024 to 2032. Growing concerns over energy consumption and the rising demand for highly efficient electrical units will energize the industry potential.
Paradigm shift toward reliable, compact and user-friendly designs will boost the adoption of these solutions. For instance, in September 2024, the U.S. government announced over USD 7 billion in funding for rural electric cooperatives as part of the Empowering Rural America program, aimed at promoting clean energy in rural communities.
Report Attributes | Details |
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Base Year: | 2023 |
Market Size in 2023: | USD 1.21 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 4.6% |
2032 Value Projection: | USD 1.8 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 125 |
Tables, Charts & Figures: | 40 |
Segments covered: | Voltage, Phase and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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A residential automatic motor starter is an electrical device designed to automatically start and stop electric motors used in household applications including HVAC systems, pumps and appliances. It provides protection by controlling the motor’s operation, managing overloads, and preventing damage caused by voltage fluctuations or excessive current. Increasing emphasis on energy conservation coupled with growing installation of these systems to optimize power usage will foster the demand for motor starter.
Residential Automatic Motor Starter Market Trends
The industry is set for robust growth driven by increasing energy efficiency demand, urbanization growth and rapid technological advancements. Growing integration of smart home systems which enable homeowners to remotely control and monitor their electrical systems, thereby proliferating the business growth. Rising expansion of housing development projects in emerging markets in tandem with there is need for efficient residential electrical solutions will propel the demand for automatic motor starter.
Residential Automatic Motor Starter Market Analysis
The medium voltage segment will exceed USD 600 million by 2032. These starters are becoming more streamlined and easier to install, making them attractive to modern homeowners who seek space-saving and easy-to-use electrical components. Increasing demand for energy-efficient residential solutions in line with reducing energy waste and supportive eco-friendly practices will stimulate the industry outlook. Ongoing integration of these starters into smart grids and home automation systems in conjunction with continuous innovation including programmable & digital systems will positively influence the business penetration.
The single phase residential automatic motor starter market is projected to grow at a CAGR of over 4% by 2032. The industry is witnessing substantial growth on account of increasing development of smart home, rising energy demand and a shift toward more efficient & sustainable electrical solution. These units contribute to motor operation by preventing electrical overloads and optimizing start-up energy use, which in turn will augment the industry dynamics. Furthermore, ongoing government initiatives promoting clean energy solutions combined with growing demand for these units in HVAC systems, are driving the product adoption.
U.S. residential automatic motor starter market is set to reach over USD 200 million by 2032. The industry is poised for robust growth fueled by consumers and builders to prioritize energy-efficient smart solutions in the residential space. Rising urbanization and the construction of new residential properties coupled with utilization of these systems for effective power management will drive the business expansion. Ongoing advancements in smart control systems and digital interfaces, which improve diagnostics and minimize downtime will further drive the industry growth.
Asia Pacific residential automatic motor starter market is observing significant growth driven by increase in residential construction activities along with heightened awareness of energy conservation and efficiency. The development of smart grids and the integration of advanced technologies along with innovation in safety features including short-circuit prevention & overload protection will stimulate the business scenario. Additionally, supportive government mandates and standards for adopting high-efficiency electrical systems in association with rising public & private investments in infrastructure development will create positive industry landscape.
Residential Automatic Motor Starter Market Share
The market is highly competitive driven by the presence of several global and regional players offering a variety of solutions. The competition is primarily based on factors comprising of product innovation, pricing, energy efficiency and technological advancements. The key players compete by integrating smart features including IoT connectivity and remote monitoring, which appeal to modern homeowners looking for enhanced control and energy savings.
Residential Automatic Motor Starter Market Companies
Major players operating in the residential automatic motor starter industry are:
- ABB
- CHINT Group
- C&S Electric
- Danfoss
- Eaton
- Emerson Electric
- Fuji Electric
- Havells India
- L&T Electrical and Automation
- Lovato Electric
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
- Siemens
- SKN-Bentex Group
- WEG
Residential Automatic Motor Starter Industry News
- In July 2024, Danfoss has committed over USD 14.5 million towards advancing new technologies and upgrading its facilities. This investment aims to enhance efficiency and foster innovation across its operations, aligning with the company's focus on sustainable solutions and energy efficiency. The improved facilities will enable Danfoss to accelerate research & development, streamline production processes, and expand its capacity to meet growing global demand.
- In October 2023, Fuji Electric reinforced its strategic presence in India by ramping up investments in its supply chain, transitioning more production from China. The company had previously invested USD 18 million to establish a new factory in Chennai and committed to increasing its total investment to USD 200 million within the next year. Tamil Nadu was selected as the preferred location for a larger manufacturing facility as part of Fuji Electric's three-year expansion strategy. This move highlights the company’s focus on strengthening its operations in the Indian market.
The residential automatic motor starter market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Units) from 2021 to 2032, for the following segments:
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Market, By Voltage
- Low
- Medium
- High
Market, By Phase
- Single phase
- Three phase
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Russia
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- New Zealand
- Malaysia
- Indonesia
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- Egypt
- South Africa
- Nigeria
- Kuwait
- Oman
- Latin America
- Brazil
- Peru
- Argentina
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