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Residential Automatic Motor Starter Market Analysis

  • Report ID: GMI11863
  • Published Date: Oct 2024
  • Report Format: PDF

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.
 

Residential Automatic Motor Starter Market Revenue Share, By Phase, 2023

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 Size, 2022 - 2032 (USD Million)

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.
 

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global residential automatic motor starter industry was valued at USD 1.21 billion in 2023 and is estimated to grow at a 4.6% CAGR from 2024 to 2032, driven by growing concerns over energy consumption and the rising demand for efficient electrical units.

The medium voltage segment is expected to exceed USD 600 million by 2032, as these starters become more streamlined and easier to install, appealing to modern homeowners.

U.S. residential automatic motor starter industry is set to reach over USD 200 million by 2032, fueled by rising urbanization, new residential constructions, and the prioritization of energy-efficient smart solutions.

Key players in the industry include ABB, CHINT Group, C&S Electric, Danfoss, Eaton, Emerson Electric, Fuji Electric, Havells India, and L&T Electrical and Automation.

Residential Automatic Motor Starter Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 40
  • Countries covered: 30
  • Pages: 125
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