Motor Starters Market
Motor Starters Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1856 Million |
 Revenue 2028:
|
3460.86 Million |
 Revenue CAGR
(2021 - 2028): |
8.1 |
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
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
FAQ
Frequently Asked Question
What is the global demand for Motor Starters in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Motor Starters in 2020.
