The global motor soft starter market is estimated to be USD 1.37 Billion in 2017 and is expected to grow at a CAGR of 6.08% from 2017 to 2022. Increasing demand for industrial pumps and HVAC applications is one of the major factors driving the motor soft starter market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the motor soft starter market. These players include ABB Ltd. (Switzerland), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), and Schneider Electric SE (France). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
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Scope of the Report:
·
By Voltage
o Low Voltage
o Medium Voltage
·
By Rated Power
o Up to 100 kW
o Above 100 kW
·
By Application
o Pumps
o Fans
o Compressors
o Others
·
By Industry
o Oil & Gas
o Water & Wastewater
o Power Generation
o Mining
o Others
·
By Region
o Asia-Pacific
o Europe
o North America
o Middle East & Africa
o South America
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Objectives of the study:
·
To define, describe, and forecast the global
motor soft starter market on the basis of voltage, rated power, application,
industry, and region
·
To provide detailed information regarding the
major factors influencing the growth of the motor soft starter market (drivers,
restraints, opportunities, and industry-specific challenges)
·
To strategically analyze the motor soft
starter market with respect to individual growth trends, future prospects, and
contributions of each segment to the market
·
To analyze market opportunities for
stakeholders and to provide details of the competitive landscape for market
leaders
·
To benchmark players within the market using
the proprietary Vendor DIVE framework, which analyzes market players on various
parameters within the broad categories of business and product strategy
·
To strategically profile key players and
comprehensively analyze their market shares and core competencies*
·
To track and analyze competitive developments
such as contracts & agreements, expansions, new product developments, and
mergers & acquisitions in the motor soft starter market
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Asia-Pacific: The fastest growing market for motor soft starters
In this report, the motor soft starter market has been analyzed with respect to five regions, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America. Asia-Pacific is expected to dominate the global motor soft starter market, owing to the growing demand for industrial pumps and rising power generation capacity in the region. China is expected to dominate the motor soft starter market in the Asia-Pacific region. Countries such as China, India, and Japan are having high growth prospects in the Asia-Pacific motor soft starter market. Increasing electricity demand and industrialization projects in these countries are the main reasons spurring the growth of the motor soft starter market in the region.
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