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Residential Automatic Motor Starter Market Share

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

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Residential Automatic Motor Starter Market Share

Residential Automatic Motor Starter Market Company Share Analysis, 2023

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

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.