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Three Phase Automatic Motor Starter Market Size
- Report ID: GMI11772
- Published Date: Oct 2024
- Report Format: PDF
Three Phase Automatic Motor Starter Market Size
The global three phase automatic motor starter market was valued at USD 2.1 billion in 2023 and is estimated to grow at a CAGR of 5.1% from 2024 to 2032. Rising concerns over energy consumption and growing demand for enhanced efficiency devices will drive the industry dynamics. The shift toward compact, reliable and user-friendly designs combined with the expansion of urban areas in emerging economies will proliferate the adoption of these units.
A three-phase automatic motor starter is a device used to control the starting and stopping of three-phase electric motors. It automates the process of managing motor operation, providing protection against overloads, short circuits, and phase imbalances. In addition, growing integration of smart automation and IoT systems, enabling remote monitoring & control of motor performance, is driving the adoption of motor starter in commercial and residential settings.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Three Phase Automatic Motor Starter Market Size in 2023: | USD 2.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.1% |
| 2032 Value Projection: | USD 3.2 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 125 |
| Tables, Charts & Figures: | 40 |
| Segments covered: | Voltage, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Three Phase Automatic Motor Starter Market Scope
