Industrial Motor Starter Market
Industrial Motor Starter Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0270
Segments Covered
By
Type Electronic, Manual
-
By
Application Oil and gas industry, Mining industry, Power industry, Automotive industry
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1958 Million |
 Revenue 2028:
|
3518.12 Million |
 Revenue CAGR
(2021 - 2028): |
7.6 |
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
The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into Electronic, Manual. Composite mats. held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Oil and gas industry, Mining industry, Power industry, Automotive industry. Chemical Industry attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Industrial Motor Starter Market: Type Segment Analysis
-
- Electronic
- Manual
Global Industrial Motor Starter Market: Application Segment Analysis
-
- Oil and gas industry
- Mining industry
- Power industry
- Automotive industry
FAQ
Frequently Asked Question
What is the global demand for Industrial Motor Starter in terms of revenue?
-
The global Industrial Motor Starter valued at 1958 Million in 2020 and is expected to reach 3518.12 Million in 2028 growing at a CAGR of 7.6%.
Which are the prominent players in the market?
-
The prominent players in the market are Allied Motion Technologies, Rockwell Automation, IMO precision Controls, Danfoss, Yaskawa, Toshiba, ABB, Emerson Electric, ARC Systems, TECO-Westinghouse, WEG, Siemens, Huali, Fuji Electric, Franklin Electric, Schneider Electric..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.6% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Industrial Motor Starter include
- The increase in industrisalition and urbanisation is is anticipated to augment the growth of the industrial motor starter market over the forecast period.
- The increase in aftermarket sales of products is further anticipated to augment the growth of the industrial motor starter market over the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Industrial Motor Starter in 2020.
