Soft Starter Market Report: Trends, Forecast and Competitive Analysis to 2030

Soft Starter Trends and Forecast

The future of the global soft starter market looks promising with opportunities in the mining and metal, food and beverage, energy & power, and oil & gas markets. The global soft starter market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are rising demand for industrial pumps and electric motors, increasing number of construction activities, and expanding application of this product in data center.

A more than 150-page report is developed to help in your business decisions.

Soft Starter by Segment

The study includes a forecast for the global soft starter by type, application, end use industry, and region.

Soft Starter Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Low Voltage Soft Starter
• Medium to High Voltage Soft Starter

Soft Starter Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Pumps
• Fans and Blowers
• Compressors

Soft Starter Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Mining and Metal
• Food and Beverage
• Energy and Power
• Oil and Gas
• Others

Soft Starter Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Soft Starter Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies soft starter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the soft starter companies profiled in this report include-

• ABB
• Siemens
• Schneider Electric
• Eaton
• Rockwell Automation

Soft Starter Market Insights

Lucintel forecasts that pump is expected to witness the highest growth over the forecast period.

Within this market, mining and metal will remain the largest segment over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Soft Starter Market

Market Size Estimates: Soft starter market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Soft starter market size by type, application, end use industry, and region in terms of value ($B).

Regional Analysis: Soft starter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end use industries, and regions for the soft starter market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the soft starter market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the soft starter market size?

Answer: The global soft starter market is expected to reach an estimated $3.2 billion by 2030.

Q2. What is the growth forecast for soft starter market?

Answer: The global soft starter market is expected to grow with a CAGR of 6.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the soft starter market?

Answer: The major drivers for this market are rising demand for industrial pumps and electric motors, increasing number of construction activities, and expanding application of this product in data center.

Q4. What are the major segments for soft starter market?

Answer: The future of the soft starter market looks promising with opportunities in the mining and metal, food and beverage, energy & power, and oil & gas markets.

Q5. Who are the key soft starter market companies?

Answer: Some of the key soft starter companies are as follows:

• ABB
• Siemens
• Schneider Electric
• Eaton
• Rockwell Automation

Q6. Which soft starter market segment will be the largest in future?

Answer: Lucintel forecasts that pump is expected to witness the highest growth over the forecast period.

Q7. In soft starter market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the soft starter market by type (low voltage soft starter and medium to high voltage soft starter), application (pumps, fans and blowers, and compressors), end use industry (mining and metal, food and beverage, energy and power, oil and gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?