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Single Phase Automatic Motor Starter Market Trends

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

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Single Phase Automatic Motor Starter Market Trends

The industry is set to grow on account of surging urban population growth and rapid infrastructure development in line with increasing focus on energy efficiency & automation. Growing utilization of these motors across residential application comprising of small pumps, HVAC systems, and home automation, further boosting the industry landscape. Additionally, these units provide protection and operational efficiency at a relatively low cost, making them a popular choice for small- to medium-sized installations, which in turn will augment the automatic motor starter market.

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