Market Overview:
The global low voltage motor starter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth 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 in industrial setups is also propelling the demand for low voltage motor starters globally. Based on type, the global low voltage motor starter market can be segmented into solid state soft starters (SSSS), liquid resistance starters (LRS), and other types. The SSSS segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as high efficiency, easy installation & operation, reduced maintenance cost & downtime; and others over other types of starters available in the market.
Product Definition:
A low voltage motor starter is a device used to start and stop electric motors. It contains a relay that is activated by the power supply, which in turn starts or stops the motor. The low voltage motor starter is important because it protects the motor from damage by preventing it from starting or stopping suddenly.
Solid State Soft Starter:
A solid state soft starter is a power supply device used to start the engine in an automobile. It has no moving parts, and hence there are no mechanical wear and tear issues associated with it. The solid state soft starter uses high voltage battery as its power source which helps in starting the engine without any fuel issues.
The market for low voltage motor starter is expected to grow at a significant rate owing to increasing demand for electric vehicles across the globe over the forecast period.
Liquid Resistance Starter:
Resistance starter is a device used to start the low voltage motor. It consists of two main parts, namely an electric circuit and a solenoid valve. The electric circuit is designed in such a way that it creates an electrical resistance which varies with the position of the control arm, i.e., as temperature changes so does the resistance value of starter liquid.
The variation in resistance causes variations in current flow which ultimately produces torque for starting up the engine.
Application Insights:
The global low voltage motor starter market is segmented on the basis of application into oil and gas industry, mining industry, power industry, automotive and other applications. The oil and gas industry dominated the market in 2017 owing to rising demand for electric motors with lower energy consumption in offshore platforms along with high installation cost of HVAC systems. This factor is expected to drive the product demand over the forecast period.
The power sector emerged as a prominent end-use segment for low voltage motor starters due to increasing investments from developed countries such as U.S., Canada, Germany etc., towards developing renewable sources including wind energy generation capacity across various regions including Asia Pacific and Latin America among others which are anticipated to propel growth over next few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electric vehicles and industrial machinery in countries, such as China and India. In addition, rising investments in renewable energy projects are anticipated to drive the global low voltage motor starter market over the forecast period.
The European region accounted for a significant share of revenue in 2017 owing to growing adoption of electric vehicles across several countries including Germany, France, Italy and Spain among others. Moreover, stringent government regulations regarding carbon emission coupled with high manufacturing standards required by various industries are projected to boost product demand over the next eight years.
North America region is also likely witness substantial growth due its large presence of oil & gas industry participants along with mining companies that use motors extensively for drilling operations across various locations including Gulf Coast states Louisiana and Mississippi among others which form part of this region.
Growth Factors:
- Increasing demand for energy-efficient motors
- Growing popularity of variable frequency drives (VFDs)
- Proliferation of smart grids and the Internet of Things (IoT)
- Rising demand from the automotive sector
- Growing investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Motor Starter Market Research Report
By Type
Solid State Soft Starter, Liquid Resistance Starter, Other
By Application
Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry, Other
By Companies
ABB, Joslyn Clark, Emerson, Akron Electric, Schneider Electric, Eaton, GE, Rockwell, Siemens
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Motor Starter Market Report Segments:
The global Low Voltage Motor Starter market is segmented on the basis of:
Types
Solid State Soft Starter, Liquid Resistance Starter, Other
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, Other
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
- Joslyn Clark
- Emerson
- Akron Electric
- Schneider Electric
- Eaton
- GE
- Rockwell
- Siemens
Highlights of The Low Voltage Motor 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:
- Solid State Soft Starter
- Liquid Resistance Starter
- Other
- By Application:
- Oil and Gas Industry
- Mining Industry
- Power Industry
- Automotive Industry
- Other
- 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 Low Voltage Motor 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.
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- Correctly Positioning New 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?
A low voltage motor starter is a device that uses a small electric motor to start larger motors. It can be used in applications where the use of an external power supply is not possible or desirable, such as in medical devices or toys.
Some of the major players in the low voltage motor starter market are ABB, Joslyn Clark, Emerson, Akron Electric, Schneider Electric, Eaton, GE, Rockwell, Siemens.
The low voltage motor starter market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Low Voltage Motor Starter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Low Voltage Motor Starter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Low Voltage Motor Starter Market - Supply Chain
4.5. Global Low Voltage Motor Starter Market Forecast
4.5.1. Low Voltage Motor Starter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Low Voltage Motor Starter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Low Voltage Motor Starter Market Absolute $ Opportunity
5. Global Low Voltage Motor Starter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Low Voltage Motor Starter Market Size and Volume Forecast by Type
5.3.1. Solid State Soft Starter
5.3.2. Liquid Resistance Starter
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Low Voltage Motor Starter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Low Voltage Motor Starter Market Size and Volume Forecast by Application
6.3.1. Oil and Gas Industry
6.3.2. Mining Industry
6.3.3. Power Industry
6.3.4. Automotive Industry
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Low Voltage Motor Starter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Low Voltage Motor Starter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Low Voltage Motor Starter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Low Voltage Motor Starter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Low Voltage Motor Starter Demand Share Forecast, 2019-2026
9. North America Low Voltage Motor Starter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Low Voltage Motor Starter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Low Voltage Motor Starter Market Size and Volume Forecast by Application
9.4.1. Oil and Gas Industry
9.4.2. Mining Industry
9.4.3. Power Industry
9.4.4. Automotive Industry
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Low Voltage Motor Starter Market Size and Volume Forecast by Type
9.7.1. Solid State Soft Starter
9.7.2. Liquid Resistance Starter
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Low Voltage Motor Starter Demand Share Forecast, 2019-2026
10. Latin America Low Voltage Motor Starter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Low Voltage Motor Starter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Low Voltage Motor Starter Market Size and Volume Forecast by Application
10.4.1. Oil and Gas Industry
10.4.2. Mining Industry
10.4.3. Power Industry
10.4.4. Automotive Industry
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Low Voltage Motor Starter Market Size and Volume Forecast by Type
10.7.1. Solid State Soft Starter
10.7.2. Liquid Resistance Starter
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Low Voltage Motor Starter Demand Share Forecast, 2019-2026
11. Europe Low Voltage Motor Starter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Low Voltage Motor Starter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Low Voltage Motor Starter Market Size and Volume Forecast by Application
11.4.1. Oil and Gas Industry
11.4.2. Mining Industry
11.4.3. Power Industry
11.4.4. Automotive Industry
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Low Voltage Motor Starter Market Size and Volume Forecast by Type
11.7.1. Solid State Soft Starter
11.7.2. Liquid Resistance Starter
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Low Voltage Motor Starter Demand Share, 2019-2026
12. Asia Pacific Low Voltage Motor Starter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Low Voltage Motor Starter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Low Voltage Motor Starter Market Size and Volume Forecast by Application
12.4.1. Oil and Gas Industry
12.4.2. Mining Industry
12.4.3. Power Industry
12.4.4. Automotive Industry
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Low Voltage Motor Starter Market Size and Volume Forecast by Type
12.7.1. Solid State Soft Starter
12.7.2. Liquid Resistance Starter
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Low Voltage Motor Starter Demand Share, 2019-2026
13. Middle East & Africa Low Voltage Motor Starter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Low Voltage Motor Starter Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Low Voltage Motor Starter Market Size and Volume Forecast by Application
13.4.1. Oil and Gas Industry
13.4.2. Mining Industry
13.4.3. Power Industry
13.4.4. Automotive Industry
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Low Voltage Motor Starter Market Size and Volume Forecast by Type
13.7.1. Solid State Soft Starter
13.7.2. Liquid Resistance Starter
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Low Voltage Motor Starter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Low Voltage Motor Starter Market: Market Share Analysis
14.2. Low Voltage Motor Starter Distributors and Customers
14.3. Low Voltage Motor Starter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Joslyn Clark
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Emerson
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Akron Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eaton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rockwell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook