Motor Starters Market
Motor Starters Market by Type (Low Voltage Motor Starters, High Voltage Motor Starters) by Application (Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
Research Methodology: Motor Starters Market by Type by Application by by Region – Global Market Assessment, 2021 - 2028
The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Motor Starters market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA
After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Motor Starters market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Motor Starters market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.
Frequently Asked Questions
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%
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.
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.
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Motor Starters in 2020.