PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1426940
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1426940
Motor Starter Market Size - By Technology (Manual, Automatic), By Voltage (Low, Medium, High), By Phase (Single Phase, Three Phase), By Application (Residential, Commercial, Industrial) & Forecast, 2024 - 2032
The global motor starter market is expected to grow at a CAGR of 4.9% during 2024-2032, driven by rapid industrialization, global shift towards sustainability, and integration of IoT (Internet of Things).
According to an article by Paperform in 2022, 31% of businesses automated at least one function, and 76% used automation in everyday workflows, highlighting its widespread adoption for efficiency gains. As industries continue to evolve and embrace smart manufacturing practices, the demand for efficient motor starters has surged. These devices play a vital role in initiating and controlling the power supply to electric motors, contributing to enhanced operational efficiency and reduced downtime. Additionally, the growing emphasis on energy efficiency and the integration of advanced technologies like IoT (Internet of Things) in motor starters are further propelling market expansion.
The global motor starter market is classified based on technology, voltage, phase, application, and region.
The manual technology segment is set to gain traction during the forecast period owing to its reliability. Manual motor starters provide a hands-on approach to control, offering operators the ability to manage the initiation and stopping of motors manually. The manual technology remains relevant in industries where precision control is paramount, and operators prefer a tactile and direct interface. Furthermore, it proves invaluable in scenarios where immediate intervention is required, allowing for swift response times and minimizing potential downtime.
The commercial application segment is expected to grow swiftly till 2032, driven by product usage in various industries including, retail to healthcare, transportation to hospitality. In the commercial sphere, motor starters play a pivotal role in powering HVAC (Heating, Ventilation, and Air Conditioning) systems, elevators, escalators, and various other applications. Moreover, the emphasis on energy efficiency and sustainability is further driving the integration of advanced motor starters in commercial setups.
North America motor starter market size is anticipated to expand through 2032, driven by a robust industrial infrastructure, coupled with a strong focus on technological advancements. The United States stands out as a major contributor, with industries such as manufacturing, automotive, and aerospace driving the demand for motor starters. The stringent regulatory environment emphasizing energy efficiency further accelerates the adoption of advanced motor starters in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Unpaid sources
Chapter 2 Executive Summary
- 2.1 Motor starter industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Technology trends
- 2.1.3 Voltage trends
- 2.1.4 Phase trends
- 2.1.5 Application trends
- 2.1.6 Regional trends
Chapter 3 Motor Starter Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
- 3.2 Regulatory landscape
- 3.3 COVID- 19 impact on the industry outlook
- 3.4 Industry impact forces
- 3.4.1 Growth drivers
- 3.4.2 Industry pitfalls & challenges
- 3.5 Growth potential analysis
- 3.6 Porter's Analysis
- 3.6.1 Bargaining power of suppliers
- 3.6.2 Bargaining power of buyers
- 3.6.3 Threat of new entrants
- 3.6.4 Threat of substitutes
- 3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Strategic outlook
- 4.2 Innovation & sustainability landscape
Chapter 5 Motor Starter Market, By Technology (Units & USD)
- 5.1 Key trends, by technology
- 5.2 Manual
- 5.3 Automatic
Chapter 6 Motor Starter Market, By Voltage (Units & USD)
- 6.1 Key trends, by voltage
- 6.2 Low
- 6.3 Medium
- 6.4 High
Chapter 7 Motor Starter Market, By Phase (Units & USD)
- 7.1 Key trends, by phase
- 7.2 Single phase
- 7.3 Three phase
Chapter 8 Motor Starter Market, By Application (Units & USD)
- 8.1 Key trends, by application
- 8.2 Residential
- 8.3 Commercial
- 8.4 Industrial
Chapter 9 Motor Starter Market, By Region (Units & USD)
- 9.1 Key trends, by region
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 France
- 9.3.3 Russia
- 9.3.4 UK
- 9.3.5 Italy
- 9.3.6 Spain
- 9.3.7 Netherlands
- 9.3.8 Austria
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 South Korea
- 9.4.4 India
- 9.4.5 Australia
- 9.4.6 New Zealand
- 9.4.7 Malaysia
- 9.4.8 Indonesia
- 9.5 Middle East & Africa
- 9.5.1 Saudi Arabia
- 9.5.2 UAE
- 9.5.3 Qatar
- 9.5.4 Egypt
- 9.5.5 South Africa
- 9.5.6 Nigeria
- 9.5.7 Kuwait
- 9.5.8 Oman
- 9.6 Latin America
- 9.6.1 Brazil
- 9.6.2 Peru
- 9.6.3 Argentina
Chapter 10 Company Profiles
- 10.1 Mitsubishi Electric Corporation
- 10.2 General Electric
- 10.3 WEG
- 10.4 Schneider Electric
- 10.5 Siemens
- 10.6 Emerson Electric
- 10.7 Fuji Electric FA Components & Systems Co., Ltd.
- 10.8 ABB
- 10.9 CHINT Group
- 10.10 Eaton
- 10.11 Danfoss
- 10.12 Havells India ltd.
- 10.13 Crompton Greaves Consumer Electricals Limited
- 10.14 Rockwell Automation
- 10.15 L&T Electrical & Automation
- 10.16 LOVATO ELECTRIC
- 10.17 C&S Electric Limited
- 10.18 CORDYNE
- 10.19 Kalp Controls
- 10.20 SKN-BENTEX GROUP
