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Residential Automatic Motor Starter Market Size
- Report ID: GMI11863
- Published Date: Oct 2024
- Report Format: PDF
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 Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Residential Automatic Motor Starter 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.
Frequently Asked Questions (FAQ) :
Residential Automatic Motor Starter Market Scope
