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Three Phase Automatic Motor Starter Market Share

Report ID: GMI11772
Published Date: Oct 2024
Report Format: PDF

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Three Phase Automatic Motor Starter Market Share

Three Phase Automatic Motor Starter Company Market Share Analysis, 2023

The competition in the three-phase automatic motor starter industry is intense, characterized by a mix of established manufacturers including Siemens, Schneider Electric, and ABB, along with emerging companies that offer cost-competitive alternatives. Key competitive factors include technological advancements including energy efficiency features and smart control systems, which differentiate products in the market. Pricing strategies vary, with established players focusing on value-based pricing while smaller firms often leverage lower prices to capture market share.

Three Phase Automatic Motor Starter Market Companies

Major players operating in the three-phase automatic motor starter industry are:

ABB
CHINT Group
CS Electric
Danfoss
Eaton
Emerson Electric
Fuji Electric
Havells India
Kalp Controls
L & T Electrical and Automation
Lovato Electric
Mitsubishi Electric
Mivan Technologies
Rockwell Automation
Schneider Electric
Siemens
SKN-Bentex Group
WEG

Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The global market for three-phase automatic motor starters was reached USD 2.1 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2032, driven by increasing concerns over energy consumption and a rising demand for devices that offer enhanced efficiency.

The medium voltage segment of the three-phase automatic motor starter market is expected to exceed USD 1 billion by 2032, influenced by the increasing adoption of automation in utilities and manufacturing sectors, along with improvements in energy management practices.

The industrial segment of the three-phase automatic motor starter market is anticipated to grow at a CAGR of over 4.5% through 2032, due to the segment's simpler power requirements and cost-effectiveness.

The U.S. market for three-phase automatic motor starters is predicted to hit USD 400 million by 2032, propelled by the rising adoption of these systems in small to medium-sized agricultural, industrial, and residential applications.

The major players in the three-phase automatic motor starter industry include ABB, CHINT Group, CS Electric, Danfoss, Eaton, Emerson Electric, Fuji Electric, Havells India, Kalp Controls, L & T Electrical and Automation, Lovato Electric, Mitsubishi Electric, Mivan Technologies, Rockwell Automation, Schneider Electric, Siemens, SKN-Bentex Group, WEG.