Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Low Voltage Motor Starter Market by Type (Solid State Soft Starter, Liquid Resistance Starter, Other), By Application (Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Low Voltage Motor Starter Market by Type (Solid State Soft Starter, Liquid Resistance Starter, Other), By Application (Oil and Gas Industry, Mining Industry, Power Industry, Automotive Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 199439 3300 Machinery & Equipment 377 240 Pages 4.9 (50)
                                          

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.


Global Low Voltage Motor Starter Industry Outlook


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:

  1. ABB
  2. Joslyn Clark
  3. Emerson
  4. Akron Electric
  5. Schneider Electric
  6. Eaton
  7. GE
  8. Rockwell
  9. Siemens

Global Low Voltage Motor Starter Market Overview


Highlights of The Low Voltage Motor Starter Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Solid State Soft Starter
    2. Liquid Resistance Starter
    3. Other
  1. By Application:

    1. Oil and Gas Industry
    2. Mining Industry
    3. Power Industry
    4. Automotive Industry
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Low Voltage Motor Starter Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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