The "Motor Soft Starter - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Motor Soft Starter Market accounted for $1.92 billion in 2019 and is expected to reach $3.55 billion by 2027, growing at a CAGR of 8% during the forecast period.
Rising demand for heating, ventilation, and air conditioning (HVAC) application and increasing adoption of industrial pumps are some of the factors propelling the growth of the market. However, the preference for variable frequency drives (VFDs) due to functional superiority and cost-effectiveness is hampering the growth of the market.
The motor soft starter is used to minimize the inrush current formed during motor start-up thereby enhancing efficiency and prolonging the shelf life of motors. Soft starters have widespread applications across different industries such as oil & gas, mining, and power generation industries. The soft starter helps in controlling motor acceleration thus preventing the damage of the motor in the entire process. This equipment can be installed with pumps, compressors, fans, among other devices to control the flow of current to the desired level.
Based on the voltage, the low voltage segment is anticipated to hold considerable market share during the forecast period owing to their widespread adoption in various process industries across the globe and rise in greenfield industrial investments, especially in the Asia-Pacific.
By geography, Asia-Pacific is expected to grow at a significant market share during the forecast period due to increased investments in construction, power generation, and industrialization projects, increasing power generation capacity additions and electricity demand.
What the report offers:
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Market share assessments for the regional and country-level segments
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Strategic recommendations for the new entrants
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Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
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Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)
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Strategic recommendations in key business segments based on the market estimations
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Competitive landscaping mapping the key common trends
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Company profiling with detailed strategies, financials, and recent developments
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Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End-user Analysis
3.8 Emerging Markets
3.9 Impact of COVID-19
4 Porters Five Forces Analysis
4.1 Bargaining Power of Suppliers
4.2 Bargaining Power of Buyers
4.3 Threat of Substitutes
4.4 Threat of New Entrants
4.5 Competitive Rivalry
5 Global Motor Soft Starter Market, By Rated Power
5.1 Introduction
5.2 Up to 750 W
5.3 751 W-75 kW
5.4 Above 75 kW
6 Global Motor Soft Starter Market, By Topology
6.1 Introduction
6.2 3-Phase Controlled Soft Starter
6.3 2-Phase Controlled Soft Starter
7 Global Motor Soft Starter Market, By Application
7.1 Introduction
7.2 Pumps
7.3 Fans
7.4 Compressors
7.5 Elevators & Escalators
7.6 Other Applications
7.6.1 Stirrer
7.6.2 Mixer
7.6.3 Crushers & Mills
7.6.4 Blow Thrusters
7.6.5 Conveyor Belts
8 Global Motor Soft Starter Market, By End-user
8.1 Introduction
8.2 Water & Wastewater
8.3 Power Generation
8.4 Oil & Gas
8.5 Mining
8.6 Other End-users
8.6.1 Pulp & Paper
8.6.2 Public Construction Industries
8.6.3 Cement & Manufacturing
8.6.4 Food & Beverage
8.6.5 Chemical & Petrochemical
9 Global Motor Soft Starter Market, By Voltage
9.1 Introduction
9.2 Low Voltage
9.3 Medium Voltage
9.4 High Voltage
10 Global Motor Soft Starter Market, By Type
10.1 Introduction
10.2 Mechanical Soft Starters
10.3 Mechanical and Electrical Soft Starters
10.4 Electrical Soft Starters
11 Global Motor Soft Starter Market, By Geography
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launches
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 WEG
13.2 Toshiba
13.3 Solcon
13.4 Gozuk
13.5 Schneider Electric
13.6 Rockwell Automation
13.7 Nolta
13.8 Motortronics
13.9 Lovato Electric
13.10 Sinova
13.11 Emerson Electric
13.12 Siemens
13.13 Danfoss
13.14 Crompton Greaves
13.15 Minilec
13.16 Benshaw
13.17 ABB
13.18 Carlo Gavazzi
13.19 Eaton
13.20 Larsen & Toubro
For more information about this report visit https://www.researchandmarkets.com/r/i0idvz
View source version on businesswire.com: https://www.businesswire.com/news/home/20201120005610/en/
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Global Motor Soft Starter Market Outlook 2019-2020 & 2027: $3.55 Billion Market Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities - ResearchAndMarkets.com - Yahoo Finance
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