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Motor Starters Market

Motor Starters Market

Motor Starters Market Global Industry Assessment & Forecast

# Pages:

170

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0271

Segments Covered
  • By Type Low Voltage Motor Starters, High Voltage Motor Starters
  • By Application Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 1856 Million
Revenue 2028Revenue 2028: 3460.86 Million
Revenue CAGRRevenue CAGR (2021 - 2028): 8.1
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Motor Starters market was valued at USD 1856 Million in 2020 and is projected to reach USD 3460.86 Million by 2028, growing at a CAGR of 8.1% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2028
Annual Market Size (2028) 3460.86 Million
Annual Market Size (2021)
CAGR (2021 - 2028) 8.1%

Overview and Description

A motor starter is a controller device used for limiting the heavy starting current which pulls the motor. Thus motor starters protect the machines under heavy currents or fluctuating voltages. Motor starters function by decreasing the starting voltage which may damage the windings and insulation in the motor.


The global Motor Starters market report provides a thorough analysis of each segment, region, and country. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecasts, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report. In addition to that, the report will cover a thorough analysis of major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance, and market share among others. Cumulatively, the report will cover all aspects regarding the global Motor Starters market. 

Yearly Infographics 1856 Million 3460.86 Million

COVID-19 Impact Analysis

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:


o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report includes an exhaustive analysis of Motor Starters industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain among others.

The intensifying efforts being taken by vehicle producers to produce advanced technologies such as combined starter generator by the customs and regulations and increasing developments in fuel efficiency is driving the demand for motor starters market in the near future. 

The requirement to reduce power consumption and increase in motor efficiency is expected to fuel the growth of the motor starters market in the years to come.

The high maintainence cost and manufacturing cost is expected to hinder the growth of the motor starter market in the years to come.

Global Motor Starters Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Allied Motion Technologies, Toshiba, Rockwell Automation, Emerson Electric, ARC Systems, Siemens, Schneider Electric, Danfoss, ABB, Franklin Electric, Huali, TECO-Westinghouse, Fuji Electric, IMO precision Controls.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Type  Analysis: Preview

On the basis of Type, the market is segmented into Low Voltage Motor Starters, High Voltage Motor Starters. Lorry Tank held the highest share in the global Motor Starters market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry. Energy & Mining accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Analysis: Preview

Based on , the market is segmented into . dominates the global Motor Starters market and is expected to continue the same trend from 2021 to 2028. 

Global Motor Starters Market: Type Segment Analysis

    • Low Voltage Motor Starters
    • High Voltage Motor Starters

Global Motor Starters Market: Application Segment Analysis

    • Oil and Gas Industry
    • Mining Industry
    • Power Industry
    • Automotive Industry

Regional Analysis: Preview

Geographically, the global Motor Starters market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report covers a thorough segmental analysis for each region comprising of market size and estimations for each segment by region for the years 2016–2028. In addition to that the report analyses Motor Starters market at country-level hence the regional study is further bifurcated into key country-level markets from each region. Asia Pacific is anticipated to dominate the global market during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan.   

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Motor Starters Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

Major players in the global Motor Starters market are Allied Motion Technologies, Toshiba, Rockwell Automation, Emerson Electric, ARC Systems, Siemens, Schneider Electric, Danfoss, ABB, Franklin Electric, Huali, TECO-Westinghouse, Fuji Electric, IMO precision Controls.. The global Motor Starters market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

Global Motor Starters Market: Key Highlights

  • The global Motor Starters market was valued at USD 1856 Million in 2020
  • The global Motor Starters Market is projected to reach USD 3460.86 Million by 2028
  • Asia Pacific held the highest share of the Motor Starters market in 2020
  • Some of the major companies operating in the Motor Starters market are Allied Motion Technologies, Toshiba, Rockwell Automation, Emerson Electric, ARC Systems, Siemens, Schneider Electric, Danfoss, ABB, Franklin Electric, Huali, TECO-Westinghouse, Fuji Electric, IMO precision Controls.

FAQ
Frequently Asked Question
  • The global Motor Starters valued at 1856 Million in 2020 and is expected to reach 3460.86 Million in 2028 growing at a CAGR of 8.1%.

  • The prominent players in the market are Allied Motion Technologies, Toshiba, Rockwell Automation, Emerson Electric, ARC Systems, Siemens, Schneider Electric, Danfoss, ABB, Franklin Electric, Huali, TECO-Westinghouse, Fuji Electric, IMO precision Controls..

  • The market is project to grow at a CAGR of 8.1% between 2021 and 2028.

  • The driving factors of the Motor Starters include

    • The intensifying efforts being taken by vehicle producers to produce advanced technologies such as combined starter generator by the customs and regulations and increasing developments in fuel efficiency is driving the demand for motor starters market in the near future.
    • The requirement to reduce power consumption and increase in motor efficiency is expected to fuel the growth of the motor starters market in the years to come.

  • Asia Pacific was the leading regional segment of the Motor Starters in 2020.