ABBLtd announced the launch of new series of soft starters, including PSTX, PSE, and PSR. They are particularly designed for increasing the life of motos by enabling the optimization of starting currents.
Schneider Electric launched the new Altivar Soft Starter ATS480. It increased motor efficiency and boost sustainability, productivity, and reliability. It unifies both automation and energy together.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5164
Published Date: Aug 16, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for oil and gas, rising treatment of water, and automation of industries are the major factors driving the market growth.
The market size of motor soft starters is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are ABB Ltd, Eaton Corporation, Siemens, Schneider Electric, Rockwell Automation, Inc., Emerson Electric Co., CG Power and Industrial Solutions, LARSEN & TOUBRO LIMITED, WEG, and Carlo Gavazzi Holding AG
The low segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.