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Motor Soft Starter Market worth $1,672.4 Million by 2020
The report “Motor Soft Starter Market by Voltage, by Rated Power, by Application (Pumps, Fans, Compressors & Others), by Industry (Oil & Gas, Water & Wastewater, Power Generation, Mining & Others) and by Region - Global Forecast and Trends to 2020”, defines and segments the global motor soft starter market with an analysis and forecast of the market size. The motor soft starter market is expected to grow from an estimated $1,227.9 Million in 2015 to $1,672.4 Million by 2020, at a CAGR of 6.37%.
Browse 69 tables and 52 figures spread through 152 Pages and in-depth TOC on "Motor Soft Starter Market by Voltage, by Rated Power, by Application (Pumps, Fans, Compressors & Others), by Industry (Oil & Gas, Water & Wastewater, Power Generation, Mining & Others) and by Region - Global Forecast and Trends to 2020"
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The global motor soft starter market is witnessing high growth on account of an increase in the developmental activities in oil & gas, water & wastewater, mining industries and power infrastructure. A major portion of the demand comes from oil & gas, water & wastewater and mining activities in the North America and Asia-Pacific regions. Increasing acceptance of motor control and protection across the above industries has driven the demand for motor soft starters around the world. A motor soft starter is designed to control the initial voltage to motor for a jerk free start in all industrial applications such as cement, oil & gas, chemicals & petrochemicals, power generation, paper & pulp, and mining.
Furthermore, increasing acceptance in wastewater treatment plants, rising oil & gas activities, hassle free installation, and enhancement of the overall effectiveness of the equipment are expected to affect the motor soft starters market, globally. The figure below shows the global motor soft starter market share by region in 2014.
The report forecasts revenue of the global motor soft starter market, which includes main regions such as North America, South America, Asia-Pacific, Europe, and the Middle East and Africa. Motor soft starter market is also analyzed on the basis of the voltage which include low and medium voltage motor soft starters, by rated power which includes up to 100 kW and Above 100 kW, by application which includes pumps, fans, compressors and others, by industries which includes oil & gas, water & wastewater, mining, power generation and others. The motor soft starter market includes major players mainly ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Siemens AG (Germany), Schneider Electric (France), and Rockwell Automation (U.S.), General Electric (U.S.), Emerson Electric Company (U.S.), Littlefuse Inc. (U.S.), Crompton Greaves Limited (India), WEG SA (Brazil), Danfoss A/S (Denmark), Fairford Electronics Limited (U.K.) and Toshiba International Corporation Pty Limited (Australia)
Asia-Pacific: Leading market for Motor soft starters
Asia-Pacific dominated the motor soft starter market in 2014, followed by Europe. The increasing demand of motors from various industries and rising industrial infrastructure in China, India, Japan, and other Asian countries, are the key factors for the increase demand of motor soft starters in Asia Pacific. Asia-Pacific is projected to grow at a higher rate in motor soft starter market where China and India have the fastest growth within the region. U.S. had the second largest motor soft starter market in 2014. The unconventional oil & gas developments, water & wastewater industries offer huge potential for motor soft starters in North America.
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