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Soft Starter Market

Publisher Coherent Market Insights
Published May 17, 2023
Length 154 Pages
SKU # CMI18001205

Description

Soft Starter Market, By End User Industry (Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, and Other End user Industries), And By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Soft starters are a type of motor starters that make use of the voltage reduction technique for reducing the voltage in the starting process of the motor. These devices provide a gradual increase of voltage during motor starting. Using soft starter can prevent all type of mechanical tear and jerking resulting from sudden supply of full voltage. Soft starters are used in several different industries, as it reduces starting torque and gradually grows the voltage. This offers safety to the device without affecting the efficiency.

Market Dynamics:

The rise in demand for HVAC equipment and growing adoption of industrial pumps is expected to drive growth of the global soft starter market during the forecast period. Moreover, increasing technological development is likely to provide market players with multiple opportunities in the market.

However, factors like availability of alternatives such as VFDs and high cost related to R&D proficiencies is anticipated to hamper growth of the global soft starter market during the forecast period.

Key features of the study:
  • This report provides in-depth analysis of the global soft starter market, and provides market size (US$ 2,386.5 Million) and compound annual growth rate (CAGR 8.23%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global soft starter market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Siemens AG, Aucom Electronics Ltd (Benshaw Inc.), Schneider Electric SE, IGEL Electric GmbH, Eaton Corporation PLC, Crompton Greaves Ltd., ABB Ltd., Toshiba Corporation, Rockwell Automation Inc., Fairford Electronics Inc. (Motortronics UK Ltd), and Danfoss Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global soft starter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global soft starter market
Detailed Segmentation:
  • Global Soft Starter Market, By End User Industry
Mining and Metal

Food and Beverage

Energy and Power

Oil and Gas

Other End user Industries
  • Global Soft Starter Market, By Geography
North America

Europe

Asia Pacific

Latin America

Middle East & Africa
  • Company Profiles:
Siemens AG

Schneider Electric SE

Eaton Corporation PLC

ABB Ltd

Rockwell Automation Inc.

Danfoss Group

Fairford Electronics Inc. (Motortronics UK Ltd)

Toshiba Corporation

Crompton Greaves Ltd

IGEL Electric GmbH

Aucom Electronics Ltd (Benshaw Inc.)

Table of Contents

154 Pages
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By End User Industry
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Growing demand for industrial pumps
Growing HVAC equipment demand
Restraints
Growing penetration of various alternatives
Limited control and accuracy of soft starters
Opportunities
Growing focus on improvement of utility factors
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Soft Starter Market – Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Soft Starter Market , By End User Industry, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2017 – 2030
Segment Trends
Mining and Metal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Food and Beverage
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Energy and Power
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Oil and Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Other End user Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
6. Global Soft Starter Market , By Region, 2017-2030, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2017–2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
7. Competitive Landscape
Siemens AG
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Aucom Electronics Ltd (Benshaw Inc.)
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Schneider Electric SE
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
IGEL Electric GmbH
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Eaton Corporation PLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
ABB Ltd.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Crompton Greaves Ltd
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Rockwell Automation Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Toshiba Corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Danfoss Group
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
8. Section
Research Methodology
About us
*Browse 24 market data tables and 28 figures on “Global Soft Starter Market” - Global forecast to 2030

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