Market Overview:
The global reduced voltage starter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for energy-efficient equipment in various industries such as oil & gas, water treatment, automotive, mining industry and others. In addition, the growing awareness about the benefits of using reduced voltage starters is also propelling the growth of this market. Based on type, the global reduced voltage starter market can be segmented into single phase and three phase starters. The three phase starters segment is expected to hold a larger share of the global market during the forecast period owing to its high efficiency and ability to start large motors quickly. Based on application, the global reduced voltage starter market can be divided into oil & gas, water treatment, automotive industry and mining industry among others.
Product Definition:
A reduced voltage starter is a device used to start an electric motor. It reduces the starting voltage of the motor, which makes it easier to start.
Single Phase Reduced Voltage Starter:
Single-phase reduced voltage starter is a device used in the starting of an engine. It reduces the voltage from 120 to 110 to 100 volts and provides enough energy required for starting. The single-phase reduced voltage starter has several benefits over conventional ones, which include low cost, small size, less weight and power consumption along with easy installation process.
Three Phase Reduced Voltage Starter:
Three phase reduced voltage starter is a device used to start an engine in automobiles. It works on the principle of creating a magnetic field which attracts electron flow from the battery to initiate the process of charging. The three-phase reduced voltage starter uses less power compared to conventional ones, thus resulting in increased efficiency and performance.
Application Insights:
The automotive application segment led the global reduced voltage starter market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of electric vehicles (EVs) across the globe coupled with rising demand for energy efficient vehicles.
The mining industry is one of the major consumers of electricity, which requires large amount s s s e l i g h t s f o r m u l t i p a c k e d S M P G . Owing to low power requirement, reduction in size and high current carrying capacity, these products are widely used in mines across the world. However, they are not used uniformly owing to varying requirements between countries as well as different types of mines based on their electrical consumption needs.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for reduced voltage starters in countries, such as China and India. The growing manufacturing sector in these countries coupled with the expansion of oil & gas exploration activities is anticipated to drive product demand over the forecast period. In addition, rising investments in hydropower generation are also expected to have a positive impact on market growth over the next eight years.
The North America reduced voltage starter market accounted for more than 25% share of global revenue in 2017 owing high installed base of oil & gas industry and water treatment facilities across U.S.
Growth Factors:
- Increasing demand for energy-efficient vehicles
- Rising awareness about the benefits of Reduced Voltage Starter
- Growing number of electric and hybrid vehicles on the road
- Technological advancements in Reduced Voltage Starter systems
- Stringent government regulations for fuel efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Reduced Voltage Starter Market Research Report
By Type
Single Phase Reduced Voltage Starter, Three Phase Reduced Voltage Starter
By Application
Oil & Gas, Water Treatment, Automotive, Mining Industry, Others
By Companies
ABB, Eaton, Schneider Electric, Siemens, Sprecher + Schuh, Delta, Rockwell Automation, TEMCo, Square D Company, Delixi, GE Industrial, SAF OPAL Starters, Klockner Moeller, Huajia Industrial Electric, Franklin Electric, Solcon
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Reduced Voltage Starter Market Report Segments:
The global Reduced Voltage Starter market is segmented on the basis of:
Types
Single Phase Reduced Voltage Starter, Three Phase Reduced Voltage Starter
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 & Gas, Water Treatment, Automotive, 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
- Eaton
- Schneider Electric
- Siemens
- Sprecher + Schuh
- Delta
- Rockwell Automation
- TEMCo
- Square D Company
- Delixi
- GE Industrial
- SAF OPAL Starters
- Klockner Moeller
- Huajia Industrial Electric
- Franklin Electric
- Solcon
Highlights of The Reduced Voltage Starter 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:
- Single Phase Reduced Voltage Starter
- Three Phase Reduced Voltage Starter
- By Application:
- Oil & Gas
- Water Treatment
- Automotive
- 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 Reduced Voltage Starter 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:
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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?
Reduced voltage starter is a type of battery charger that uses a lower voltage to start your vehicle. This allows the battery to be charged more slowly, which helps extend its life.
Some of the major companies in the reduced voltage starter market are ABB, Eaton, Schneider Electric, Siemens, Sprecher + Schuh, Delta, Rockwell Automation, TEMCo, Square D Company, Delixi, GE Industrial, SAF OPAL Starters, Klockner Moeller, Huajia Industrial Electric, Franklin Electric, Solcon.
The reduced voltage starter 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 Reduced Voltage Starter 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 Reduced Voltage Starter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reduced Voltage Starter 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 Reduced Voltage Starter 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 Reduced Voltage Starter Market Size & Forecast, 2018-2028
4.5.1 Reduced Voltage Starter Market Size and Y-o-Y Growth
4.5.2 Reduced Voltage Starter Market Absolute $ Opportunity
Chapter 5 Global Reduced Voltage Starter 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 Reduced Voltage Starter Market Size Forecast by Type
5.2.1 Single Phase Reduced Voltage Starter
5.2.2 Three Phase Reduced Voltage Starter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reduced Voltage Starter 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 Reduced Voltage Starter Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Water Treatment
6.2.3 Automotive
6.2.4 Mining Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reduced Voltage Starter 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 Reduced Voltage Starter 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 Reduced Voltage Starter Analysis and Forecast
9.1 Introduction
9.2 North America Reduced Voltage Starter 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 Reduced Voltage Starter Market Size Forecast by Type
9.6.1 Single Phase Reduced Voltage Starter
9.6.2 Three Phase Reduced Voltage Starter
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 Reduced Voltage Starter Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Water Treatment
9.10.3 Automotive
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 Reduced Voltage Starter Analysis and Forecast
10.1 Introduction
10.2 Europe Reduced Voltage Starter 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 Reduced Voltage Starter Market Size Forecast by Type
10.6.1 Single Phase Reduced Voltage Starter
10.6.2 Three Phase Reduced Voltage Starter
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 Reduced Voltage Starter Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Water Treatment
10.10.3 Automotive
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 Reduced Voltage Starter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reduced Voltage Starter 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 Reduced Voltage Starter Market Size Forecast by Type
11.6.1 Single Phase Reduced Voltage Starter
11.6.2 Three Phase Reduced Voltage Starter
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 Reduced Voltage Starter Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Water Treatment
11.10.3 Automotive
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 Reduced Voltage Starter Analysis and Forecast
12.1 Introduction
12.2 Latin America Reduced Voltage Starter 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 Reduced Voltage Starter Market Size Forecast by Type
12.6.1 Single Phase Reduced Voltage Starter
12.6.2 Three Phase Reduced Voltage Starter
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 Reduced Voltage Starter Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Water Treatment
12.10.3 Automotive
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) Reduced Voltage Starter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reduced Voltage Starter 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) Reduced Voltage Starter Market Size Forecast by Type
13.6.1 Single Phase Reduced Voltage Starter
13.6.2 Three Phase Reduced Voltage Starter
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) Reduced Voltage Starter Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Water Treatment
13.10.3 Automotive
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 Reduced Voltage Starter Market: Competitive Dashboard
14.2 Global Reduced Voltage Starter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 Schneider Electric
14.3.4 Siemens
14.3.5 Sprecher + Schuh
14.3.6 Delta
14.3.7 Rockwell Automation
14.3.8 TEMCo
14.3.9 Square D Company
14.3.10 Delixi
14.3.11 GE Industrial
14.3.12 SAF OPAL Starters
14.3.13 Klockner Moeller
14.3.14 Huajia Industrial Electric
14.3.15 Franklin Electric
14.3.16 Solcon
