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PUBLISHER: Grand View Research | PRODUCT CODE: 1575268
PUBLISHER: Grand View Research | PRODUCT CODE: 1575268
Soft Starter Market Size, Share & Trends Analysis Report By End Use (Mining & Metal, Food & Beverages, Energy & Power, Oil & Gas), By Region, And By Segment Forecasts, 2024 - 2030
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Soft Starter Market Size & Trends:
The global soft starter market size was estimated at USD 2.04 billion in 2023 and is forecasted to grow at a CAGR of 6.0% from 2024 to 2030. Soft starters are often used as a central starting system because they reduce initial current and minimize mechanical stress on the equipment. In specific electrical installations, there may be unbalanced voltage due to uneven phase load distribution, and in extreme cases, there may be a significant voltage drop. Their versatility and scalability make them essential technologies in various industrial applications, meeting the needs of different sectors such as manufacturing, utilities, and oil & gas.
The growth and expansion of the semiconductor industry, especially in emerging markets, the increasing use of soft starters by small and medium-sized enterprises in developing economies, growing awareness about the benefits of soft starters, infrastructure upgrades, and revitalization, growth in the automation sector, the increasing number of oil and gas exploration activities, the upgrading of existing infrastructure with advanced systems, and the rising infrastructural development activities, especially in developing economies, are the significant factors contributing to the growth of the market.
A significant trend in the market is the integration of soft starters with advanced control systems. This integration improves performance, efficiency, and flexibility by allowing users to optimize motor operation based on specific requirements and load conditions. Soft starters can adapt dynamically to varying operational demands, leading to improved efficiency, advanced control systems, and responsiveness. This trend demonstrates the industry's focus on enhancing motor control capabilities to meet the evolving needs of various applications across different sectors.
Several factors influence the growth of the market. The increasing emphasis on energy efficiency across industries and the drive toward industrial automation have increased demand for these systems. Soft starters are essential in sectors such as oil and gas and manufacturing, where precision control and reduced mechanical stress are crucial. They optimize operations and ensure equipment longevity.
Moreover, these systems provide a scalable and flexible solution for various industrial requirements. Soft starters can be customized to meet specific application needs in small-scale production units or large industrial complexes. Their flexibility and efficiency make them ideal for addressing the diverse requirements of various industries, which has led to them being a highly sought-after technology for enhancing motor control and operational efficiency.
Global Soft Starter Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global soft starter market based on end use and region:
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Mining & Metal
- Food & Beverage
- Energy & Power
- Oil & Gas
- Other End Use
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
Product Code: GVR-4-68040-443-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Soft Starter Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Soft Starter Market - Value Chain Analysis
- 3.3. Soft Starter Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Soft Starter Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Soft Starter Market: End Use Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 4.3. Soft Starter Market By End Use, 2018 - 2030 (USD Million)
- 4.4. Mining & Metal
- 4.4.1. Soft Starter Market Estimates & Forecasts, by Mining & Metal, 2018 & 2030 (USD Million)
- 4.5. Food & Beverages
- 4.5.1. Soft Starter Market Estimates & Forecasts, by Food & Beverages, 2018 & 2030 (USD Million)
- 4.6. Energy & Power
- 4.6.1. Soft Starter Market Estimates & Forecasts, by Energy & Power, 2018 & 2030 (USD Million)
- 4.7. Oil & Gas
- 4.7.1. Soft Starter Market Estimates & Forecasts, by Oil & Gas, 2018 & 2030 (USD Million)
- 4.8. Other End Use
- 4.8.1. Soft Starter Market Estimates & Forecasts, by Other End Use, 2018 & 2030 (USD Million)
Chapter 5. Soft Starter Market: Regional Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Regional Market Share Analysis, 2023 & 2030
- 5.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 5.4. North America
- 5.4.1. North America Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.4.2. North America Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.4.3. U.S.
- 5.4.3.1. U.S. Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.4.3.2. U.S. Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.4.4. Canada
- 5.4.4.1. Canada Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.4.4.2. Canada Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.4.5. Mexico
- 5.4.5.1. Mexico Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.4.5.2. Mexico Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.5. Europe
- 5.5.1. Europe Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5.2. Europe Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.5.3. Germany
- 5.5.3.1. Germany Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5.3.2. Germany Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.5.4. UK
- 5.5.4.1. UK Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5.4.2. UK Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.5.5. France
- 5.5.5.1. France Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5.5.2. France Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.5.6. Spain
- 5.5.6.1. Spain Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5.6.2. Spain Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.5.7. Italy
- 5.5.7.1. Italy Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.5.7.2. Italy Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.6. Asia Pacific
- 5.6.1. Asia Pacific Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.6.2. Asia Pacific Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.6.3. China
- 5.6.3.1. China Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.6.3.2. China Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.6.4. India
- 5.6.4.1. India Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.6.4.2. India Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.6.5. Japan
- 5.6.5.1. Japan Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.6.5.2. Japan Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.6.6. South Korea
- 5.6.6.1. South Korea Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.6.6.2. South Korea Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.7. Central & South America
- 5.7.1. Central & South America Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.7.2. Central & South America Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.7.3. Brazil
- 5.7.3.1. Brazil Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.7.3.2. Brazil Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.7.4. Argentina
- 5.7.4.1. Argentina Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.7.4.2. Argentina Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.8. Middle East & Africa
- 5.8.1. Middle East & Africa Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.8.2. Middle East & Africa Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.8.3. Saudi Arabia
- 5.8.3.1. Saudi Arabia Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.8.3.2. Saudi Arabia Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- 5.8.4. South Africa
- 5.8.4.1. South Africa Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- 5.8.4.2. South Africa Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
Chapter 6. Supplier Intelligence
- 6.1. Kraljic Matrix
- 6.2. Engagement Model
- 6.3. Negotiation Strategies
- 6.4. Sourcing Best Practices
- 6.5. Vendor Selection Criteria
- 6.6. List of Raw Material Suppliers
Chapter 7. Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Positioning
- 7.4. Company Heat Map Analysis
- 7.5. Company Listings
- 7.5.1. Siemens AG
- 7.5.1.1. Company Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Strategic Initiatives
- 7.5.2. Schneider Electric SE
- 7.5.2.1. Company Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Strategic Initiatives
- 7.5.3. Eaton Corporation PLC
- 7.5.3.1. Company Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Strategic Initiatives
- 7.5.4. Rockwell Automation Inc.
- 7.5.4.1. Company Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Strategic Initiatives
- 7.5.5. Danfoss Group
- 7.5.5.1. Company Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Strategic Initiatives
- 7.5.6. Fairford Electronics Inc. (Motortronics UK Ltd)
- 7.5.6.1. Company Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Strategic Initiatives
- 7.5.7. Toshiba International Corporation
- 7.5.7.1. Company Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Strategic Initiatives
- 7.5.8. CG Power and Industrial Corporation
- 7.5.8.1. Company Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Strategic Initiatives
- 7.5.9. IGEL Electric GmbH
- 7.5.9.1. Company Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Strategic Initiatives
- 7.5.10. AuCom Electronics Ltd
- 7.5.10.1. Company Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Strategic Initiatives
- 7.5.1. Siemens AG
Product Code: GVR-4-68040-443-9
List of Tables
- Table 1 Soft Starter Market Estimates & Forecasts, by Mining & Metal, 2018 & 2030 (USD Million)
- Table 2 Soft Starter Market Estimates & Forecasts, by Food & Beverages, 2018 & 2030 (USD Million)
- Table 3 Soft Starter Market Estimates & Forecasts, by Energy & Power, 2018 & 2030 (USD Million)
- Table 4 Soft Starter Market Estimates & Forecasts, by Oil & Gas, 2018 & 2030 (USD Million)
- Table 5 Soft Starter Market Estimates & Forecasts, by Other End Use, 2018 & 2030 (USD Million)
- Table 6 North America Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 7 North America Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 8 U.S. Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 9 U.S. Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 10 Canada Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 11 Canada Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 12 Mexico Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 13 Mexico Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 14 Europe Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 15 Europe Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 16 Germany Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 17 Germany Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 18 UK Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 19 UK Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 20 France Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 21 France Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 22 Spain Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 23 Spain Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 24 Italy Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 25 Italy Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 26 Asia Pacific Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 27 Asia Pacific Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 28 China Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 29 China Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 30 India Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 31 India Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 32 Japan Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 33 Japan Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 34 South Korea Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 35 South Korea Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 36 Central & South America Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 37 Central & South America Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 38 Brazil Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 39 Brazil Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 40 Argentina Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 41 Argentina Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 42 Middle East & Africa Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 43 Middle East & Africa Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 44 Saudi Arabia Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 45 Saudi Arabia Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
- Table 46 South Africa Soft Starter Market Estimates & Forecasts, 2018 & 2030 (USD Million)
- Table 47 South Africa Soft Starter Market Estimates & Forecasts, by End Use, 2018 & 2030 (USD Million)
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom-Up Approach
- Fig. 5 Market Research Approaches - Top-Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Snapshot
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Outlook
- Fig. 10 Soft Starter Market - Value Chain Analysis
- Fig. 11 Soft Starter Market - Sales Channel Analysis
- Fig. 12 Market Drivers Impact Analysis
- Fig. 13 Market Restraint Impact Analysis
- Fig. 14 Industry Analysis - PORTERS
- Fig. 15 Industry Analysis - PESTEL
- Fig. 16 End Use: Key Takeaways
- Fig. 17 End Use: Market Share, 2023 & 2030
- Fig. 18 Region, 2023 & 2030, (USD Million)
- Fig. 19 Regional Marketplace: Key Takeaways
- Fig. 20 Kraljic Matrix
- Fig. 21 Engagement Model
- Fig. 22 Sourcing Best Practices
- Fig. 23 Sourcing Best Practices
- Fig. 24 Competition Categorization
- Fig. 25 Company Market Positioning
- Fig. 26 Strategy Mapping, 2023
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