Low Voltage Motor Starter Market
Low Voltage Motor Starter Market Global Industry Assessment & Forecast
#
Pages:
160
2021
Nov - 2021
VMR-2021-0272
Segments Covered
By
Type Solid state soft starter, Liquid resistance starter, Other
-
By
Application Oil and gas industry, Mining industry, Power industry, Automotive industry, Other
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.7 Billion |
 Revenue 2028:
|
3.17 Billion |
 Revenue CAGR
(2021 - 2028): |
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. The report will cover market estimations and forecast for each segment by region for the years 20156–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into Solid state soft starter, Liquid resistance starter, Other. Activated Carbon held the largest share in 2020 and is projected to witness substantial growth during the forecast period.
Based
on Application, the market is divided into Oil and gas industry, Mining industry, Power industry, Automotive industry, Other. Enviornment
attributed to the highest market share and is expected to grow at a significant
CAGR from 2021 to 2028.
Global Low Voltage Motor Starter Market: Type Segment Analysis
-
- Solid state soft starter
- Liquid resistance starter
- Other
Global Low Voltage Motor Starter Market: Application Segment Analysis
-
- Oil and gas industry
- Mining industry
- Power industry
- Automotive industry
- Other
FAQ
Frequently Asked Question
What is the global demand for Low Voltage Motor Starter in terms of revenue?
-
The global Low Voltage Motor Starter valued at 1.7 Billion in 2020 and is expected to reach 3.17 Billion in 2028 growing at a CAGR of 6%.
Which are the prominent players in the market?
-
The prominent players in the market are Emerson, ABB, Siemens, GE, Akron Electric, Schneider Electric, Eaton, Joslyn Clark, Rockwell..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Low Voltage Motor Starter include
- The increasing investments in oil & gas and desalination designs is expected to fuel the growth of the low voltage motor starter market in the years to come.
- The increase in use in various industries to control the initial voltage, to protect the motor against heavy inrush currents at the time of motor start is further low voltage motor starter expected to fuel the growth of the market in the years to come.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Low Voltage Motor Starter in 2020.
