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Single Phase Automatic Motor Starter Market Size

  • Report ID: GMI11523
  • Published Date: Sep 2024
  • Report Format: PDF

Single Phase Automatic Motor Starter Market Size

The global single phase automatic motor starter market was valued at USD 2.3 billion in 2023 and is estimated to grow at a CAGR of 4.7% from 2024 to 2032. Growing concern over energy consumption in line with increasing demand for devices that enhances efficiency will foster the business dynamics. Paradigm shift toward adoption of compact and user-friendly designs along with increasing development & expansion of urban areas in emerging economies will encourage the deployment of these units. For instance, in 2023, According to U.S. Energy Information Administration, energy consumption in the industrial sector is projected to increase by 5% to 32% from 2022 to 2050.

 

A single phase automatic motor starter is a device designed to control and protect a single-phase electric motor, which operates on a single-phase AC power supply. It automatically starts, runs, and stops the motor under predetermined conditions, while also providing protection from overcurrent, overload, and electrical faults. In addition, surging integration of IoT and smart automation systems which allows users to monitor and control motor performance remotely, thereby driving the deployment of motor starters across the residential & commercial establishments.
 

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of single phase automatic motor starter was worth over USD 2.3 billion in 2023 and is estimated to grow at a 4.7% CAGR from 2024 to 2032, led by growing concern over energy consumption in line with increasing demand for devices that enhances efficiency

The medium voltage single phase automatic motor starter market is set to surpass USD 1 billion by 2032, due to higher adoption of automation across manufacturing and utilities sector in association with rising investment in renewable energy projects

U.S. single phase automatic motor starter market will reach over USD 350 million by 2032, driven by increasing adoption of these systems across small to medium industrial, agricultural, and residential applications.

ABB, C&S Electric, Eaton, Havells India, Jaydeep Controls, Kalp Controls, L&T Electrical and Automation, Lovato Electric, and MAG Starters

Single Phase 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: 120
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