Market Overview:
The global motor starters and protection components 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 motor starters and protection components in oil and gas, water and wastewater, industrial manufacturing, mining industry, and other applications. In terms of type, the DC motor starters segment is expected to grow at a higher CAGR than the AC motor starters segment during the forecast period. In terms of region, North America is expected to lead the global market in terms of revenue contribution followed by Europe during the forecast period.
Product Definition:
A motor starter is a combination of electrical and mechanical components used to start and stop electric motors. The electrical components convert AC power into DC power to energize the motor, and the mechanical components disengage or engage the motor based on the operator's commands.
Motor starters are important for two reasons. First, they protect workers by stopping the motor if there is a problem with it. Second, they protect equipment by shutting down the motor if it starts to overheat or overload.
DC:
DC is the abbreviation for Direct Current. It is a continuously varying electric current produced by an electric battery. The term “direct” in direct current means that there are no intermediate conductors between the source and load terminals of the battery. DC circuits do not require any converts or transformers to change their low-voltage (low amperage) into high voltage (high amperage).
AC:
Electricity is the most common source of energy used in a motor starter and protection components market. It is produced when two wires are connected to the battery terminals and electric current flows between them. The more frequently these two wires are connected to power sources, the more electricity there will be in them and thus it can provide enough energy for starting as well as protecting various devices from damage.
Application Insights:
The oil and gas application segment accounted for the largest revenue share in 2017. The segment is driven by growing demand for onshore and offshore facilities coupled with an increase in production activities across the globe. In addition, rising demand from residential as well as commercial sectors is expected to fuel product demand over the forecast period.
The water and wastewater treatment industry requires motor starting equipment that can handle a large amount of pressure without any failure or damage to any component of the system. These systems are used at municipal sewage plants, industrial waste treatment facilities, septic tanks, pumping stations along with other applications such as fire protection & prevention systems at municipal water filtration plants along with others such as airports ground service vehicles etcetera. Growing urbanization has led to an increased need for proper wastewater management which also includes processing plant construction along with related motor starting equipment requirements thereby driving market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to various factors such as increasing industrial output and investments in infrastructure development. Moreover, rising population coupled with rapid urbanization has resulted in increased demand for energy resources across this region.
The Asia Pacific regional market includes major countries such as Japan, South Korea and Taiwan that have a well-established manufacturing base for protection components owing to their advanced power generation equipment production capabilities coupled with high electricity consumption rates of around 10 kilowatts per capita per year (kW/year).
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in renewable energy sources
- Rising concerns over energy security
- Proliferation of smart grids and the internet of things (IoT)
- Stringent government regulations to promote the use of motor starters and protection components
Scope Of The Report
Report Attributes
Report Details
Report Title
Motor Starters and Protection Components Market Research Report
By Type
DC, AC
By Application
Oil and Gas, Water and Wastewater, Industrial Manufacturing, Mining Industry, Others
By Companies
ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, GE, Fuji Electric, Rockwell Automation (Allen-Bradley), CHINT Electrics, Alstom, LS Industrial Systems, Hubbell, Lovato Electric, FANOX
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Motor Starters and Protection Components Market Report Segments:
The global Motor Starters and Protection Components market is segmented on the basis of:
Types
DC, AC
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, Water and Wastewater, Industrial Manufacturing, Mining 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
- Schneider Electric
- Eaton
- Mitsubishi Electric
- Siemens
- GE
- Fuji Electric
- Rockwell Automation (Allen-Bradley)
- CHINT Electrics
- Alstom
- LS Industrial Systems
- Hubbell
- Lovato Electric
- FANOX
Highlights of The Motor Starters and Protection Components 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:
- DC
- AC
- By Application:
- Oil and Gas
- Water and Wastewater
- Industrial Manufacturing
- Mining 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 Motor Starters and Protection Components 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Motor Starters and Protection Components are devices that help to start your engine. They may also protect the engine from damage in the event of a crash.
Some of the key players operating in the motor starters and protection components market are ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, GE, Fuji Electric, Rockwell Automation (Allen-Bradley), CHINT Electrics, Alstom, LS Industrial Systems, Hubbell, Lovato Electric, FANOX.
The motor starters and protection components market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motor Starters and Protection Components 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 Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size & Forecast, 2018-2028
4.5.1 Motor Starters and Protection Components Market Size and Y-o-Y Growth
4.5.2 Motor Starters and Protection Components Market Absolute $ Opportunity
Chapter 5 Global Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size Forecast by Type
5.2.1 DC
5.2.2 AC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Water and Wastewater
6.2.3 Industrial Manufacturing
6.2.4 Mining Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motor Starters and Protection Components 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 Motor Starters and Protection Components 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 Motor Starters and Protection Components Analysis and Forecast
9.1 Introduction
9.2 North America Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size Forecast by Type
9.6.1 DC
9.6.2 AC
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 Motor Starters and Protection Components Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Water and Wastewater
9.10.3 Industrial Manufacturing
9.10.4 Mining 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 Motor Starters and Protection Components Analysis and Forecast
10.1 Introduction
10.2 Europe Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size Forecast by Type
10.6.1 DC
10.6.2 AC
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 Motor Starters and Protection Components Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Water and Wastewater
10.10.3 Industrial Manufacturing
10.10.4 Mining 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 Motor Starters and Protection Components Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size Forecast by Type
11.6.1 DC
11.6.2 AC
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 Motor Starters and Protection Components Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Water and Wastewater
11.10.3 Industrial Manufacturing
11.10.4 Mining 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 Motor Starters and Protection Components Analysis and Forecast
12.1 Introduction
12.2 Latin America Motor Starters and Protection Components 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 Motor Starters and Protection Components Market Size Forecast by Type
12.6.1 DC
12.6.2 AC
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 Motor Starters and Protection Components Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Water and Wastewater
12.10.3 Industrial Manufacturing
12.10.4 Mining 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) Motor Starters and Protection Components Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motor Starters and Protection Components 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) Motor Starters and Protection Components Market Size Forecast by Type
13.6.1 DC
13.6.2 AC
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) Motor Starters and Protection Components Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Water and Wastewater
13.10.3 Industrial Manufacturing
13.10.4 Mining 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 Motor Starters and Protection Components Market: Competitive Dashboard
14.2 Global Motor Starters and Protection Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Eaton
14.3.4 Mitsubishi Electric
14.3.5 Siemens
14.3.6 GE
14.3.7 Fuji Electric
14.3.8 Rockwell Automation (Allen-Bradley)
14.3.9 CHINT Electrics
14.3.10 Alstom
14.3.11 LS Industrial Systems
14.3.12 Hubbell
14.3.13 Lovato Electric
14.3.14 FANOX
