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Three Phase Automatic Motor Starter Market Trends

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

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Three Phase Automatic Motor Starter Market Trends

The industry is poised for growth owing to rapid urbanization, infrastructure development, and a strong focus on energy efficiency and automation. Increasing utilization of these motors in residential applications including HVAC systems, small pumps and home automation is further enhancing the industry landscape. In addition, their ability to offer protection and operational efficiency at a low cost makes them a preferred choice for small to medium sized commercial facilities, thereby driving the demand for automatic motor starter.

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.