Motor Soft Starter Market Share

  • Report ID: 5164
  • Published Date: Aug 16, 2023
  • Report Format: PDF, PPT

Motor Soft Starter Market Share

APAC Market Forecast

The motor soft starter market in Asia Pacific is projected to be the largest with a share of about 36% by the end of 2035. The growth of the market can be attributed majorly to the rise in new oil and gas projects in the region. ONGC has announced its plans to set up an oil to a chemical facility in India to extract high-value chemical products directly from crude oil. This in turn will also increase the production of crude oil. On the other hand, Indradhanush Gas Grid Ltd has started the new project of laying down a natural gas pipeline of 1656 km long in eight north easter states of India. On the other hand, China is at the forefront of the fourth revolution of industrial, the adoption of automation has drastically increased which is further boosting the market growth in the region.

Europe Market Statistics

The European motor soft starter market is estimated to be the second largest, registering a share of about 28% by the end of 2035. The growth of the market can be attributed majorly to the presence of leading manufacturers in the regions. The companies are expanding their motor soft starter portfolio which is boosting the product growth in the region. For instance, recently Siemens Smart Infrastructures launched their new series 3rW50 and Sirius 3RW55 Failsafe, both products were launched in Europe to expand their product portfolio. Furthermore, as a part of motor control solutions for European countries, Motoronis UK launched their new range of soft starters in the region.

Research Nester
Motor Soft Starter Market Size
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Author Credits:  Abhishek Verma

  • 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 – 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.
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