Home > Energy & Power > Electrical Equipment > Motor Starters > Single Phase Automatic Motor Starter Market
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.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Single Phase Automatic Motor Starter Market Size in 2023: | USD 2.3 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 4.7% |
2032 Value Projection: | USD 3.5 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 120 |
Tables, Charts & Figures: | 40 |
Segments covered: | Voltage, Application and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|