Market Overview:
The global industrial motor starters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and reliable equipment in various industries such as oil and gas, mining, power, automotive, and others. In addition, the growing awareness about safety measures is also propelling the demand for industrial motor starters globally. Based on type, low voltage motor starters are expected to dominate the global industrial motor starters market during the forecast period from 2018 to 2030. This can be attributed to their low installation cost as compared with high voltage motor starters. Low voltage motors are used in applications where there is a need for less starting current or power than that available from high-voltage motors.
Product Definition:
An industrial motor starter is a device used to start and stop electric motors. It typically consists of a power switch, an overload relay, and a contactor. The power switch is used to turn on the motor, the overload relay senses when the motor is overloaded and trips the circuit breaker, and the contactor switches off the power to the motor when it's not needed. This saves energy by preventing motors from running when they're not needed.
Low Voltage Motor Starters:
Low voltage motor starters are used to start the electric motors. The low voltage range of these products varies between 0 - 200 volts and their applications include material handling, industrial automation, packaging machines, assembly line operation and other process industries. These low voltage motor starter devices have a simple structure with an electric coil that produces magnetic flux which in turn generates electrical energy to start the engine.
High Voltage Motor Starters:
High voltage motor starter is a device used to start high voltage electric motors. The most common application of high voltage motor starter is in the industrial applications such as material handling equipment, construction equipment, and agricultural machinery.
1) High demand across various industries due to rising need for automation in processes or workflows.
Application Insights:
The global industrial motor starters market is segmented on the basis of application into oil and gas industry, mining industry, power industry, automotive industry and others. The oil and gas application segment accounted for a major share in 2016 owing to the presence of extensive petroleum reserves across various regions which provide an ample opportunity for growth over the coming years.
The mining sector is one of the key users as well as producers of electricity generation equipment requiring electric motors with starting capabilities. These motors are used in underground coal mines where they are called upon to perform heavy-duty operations at high temperatures ranging from -40°C to +70°C making them highly durable despite being exposed to harsh environments such as moisture & humidity which can prove fatal if proper safety measures are not taken during installation or maintenance operations respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. China, India, Japan, South Korea are some of the prominent economies that form APAC.
The Chinese government’s initiative to propel domestic manufacturing by encouraging ‘Make in India’ and ‘Made in China 2025’ campaign is anticipated to create a robust manufacturing sector which will drive motor starters demand over the forecast period. In addition, growing mining activities across emerging economies such as Australia and Brazil are further expected to boost regional market growth during the projected time span.
Europe was estimated as second-largest regional segment followed by North America owing to presence of major automotive manufacturers including Volkswagen Group; BMW Group; Daimler AG; Ford Motor Company; General Motors Company etc.
Growth Factors:
- Increasing demand from the end-user industries
- Growing investments in industrial infrastructure
- Rising trend of automation in manufacturing sector
- Proliferation of smart factories and Industry 4.0 concept
- Growing awareness about energy efficiency and its benefits
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Motor Starters Market Research Report
By Type
Low Voltage Motor Starters, High Voltage Motor Starters
By Application
Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry, Others
By Companies
ABB, Danfoss, Rockwell Automation, Siemens, Allied Motion Technologies, ARC Systems, Emerson Electric, Franklin Electric, Fuji Electric, Huali, ABB, Schneider Electric, TECO-Westinghouse, Toshiba, WEG, Yaskawa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Motor Starters Market Report Segments:
The global Industrial Motor Starters market is segmented on the basis of:
Types
Low Voltage Motor Starters, High Voltage Motor Starters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Danfoss
- Rockwell Automation
- Siemens
- Allied Motion Technologies
- ARC Systems
- Emerson Electric
- Franklin Electric
- Fuji Electric
- Huali
- ABB
- Schneider Electric
- TECO-Westinghouse
- Toshiba
- WEG
- Yaskawa
Highlights of The Industrial Motor Starters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Voltage Motor Starters
- High Voltage Motor Starters
- By Application:
- Oil and Gas Industry
- Mining Industry
- Power Industry
- Automotive Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Motor Starters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial motor starters are devices that help start large industrial motors. They are used in factories, warehouses, and other places where large motors need to be started quickly.
Some of the key players operating in the industrial motor starters market are ABB, Danfoss, Rockwell Automation, Siemens, Allied Motion Technologies, ARC Systems, Emerson Electric, Franklin Electric, Fuji Electric, Huali, ABB, Schneider Electric, TECO-Westinghouse, Toshiba, WEG, Yaskawa.
The industrial motor starters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Motor Starters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Motor Starters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Motor Starters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Motor Starters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Motor Starters Market Size & Forecast, 2020-2028 4.5.1 Industrial Motor Starters Market Size and Y-o-Y Growth 4.5.2 Industrial Motor Starters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Voltage Motor Starters
5.2.2 High Voltage Motor Starters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas Industry
6.2.2 Mining Industry
6.2.3 Power Industry
6.2.4 Automotive Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Motor Starters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Motor Starters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Voltage Motor Starters
9.6.2 High Voltage Motor Starters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas Industry
9.10.2 Mining Industry
9.10.3 Power Industry
9.10.4 Automotive Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Voltage Motor Starters
10.6.2 High Voltage Motor Starters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas Industry
10.10.2 Mining Industry
10.10.3 Power Industry
10.10.4 Automotive Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Voltage Motor Starters
11.6.2 High Voltage Motor Starters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas Industry
11.10.2 Mining Industry
11.10.3 Power Industry
11.10.4 Automotive Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Voltage Motor Starters
12.6.2 High Voltage Motor Starters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas Industry
12.10.2 Mining Industry
12.10.3 Power Industry
12.10.4 Automotive Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Voltage Motor Starters
13.6.2 High Voltage Motor Starters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas Industry
13.10.2 Mining Industry
13.10.3 Power Industry
13.10.4 Automotive Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Motor Starters Market: Competitive Dashboard
14.2 Global Industrial Motor Starters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Danfoss
14.3.3 Rockwell Automation
14.3.4 Siemens
14.3.5 Allied Motion Technologies
14.3.6 ARC Systems
14.3.7 Emerson Electric
14.3.8 Franklin Electric
14.3.9 Fuji Electric
14.3.10 Huali
14.3.11 ABB
14.3.12 Schneider Electric
14.3.13 TECO-Westinghouse
14.3.14 Toshiba
14.3.15 WEG
14.3.16 Yaskawa