Global Electronic Motor Starters Market was valued at USD 1.00 Billion in 2022 and is projected to reach USD 1.70 Billion by 2030, growing at a CAGR of 8.00% from 2024 to 2030.
The Global electronic motor starters market has experienced significant growth in recent years due to increasing industrial automation and demand for energy-efficient solutions. Electronic motor starters offer various advantages over traditional motor starters, including improved protection, reduced power consumption, and enhanced system reliability. The market is witnessing a surge in the adoption of advanced technologies such as IoT-enabled starters, which allow remote monitoring and predictive maintenance. Industries such as manufacturing, automotive, oil and gas, and power generation are major contributors to the growth of this market. The rising need for reducing downtime and operational costs, along with the focus on reducing environmental impact, is driving the demand for electronic motor starters worldwide. As industries focus on increasing operational efficiency and enhancing sustainability, the market is poised for continued expansion in the coming years.
In addition to energy savings, electronic motor starters offer improved protection features, such as overload, under-voltage, and short circuit protection, making them highly sought after in sectors where motor reliability is critical. The increasing use of electronic motor starters in HVAC systems, pumps, compressors, and conveyors is further fueling market growth. Additionally, the growing trend towards the integration of Industry 4.0 technologies, which emphasizes automation and digitalization, is opening up new avenues for market players. The expanding construction and infrastructure sector, particularly in emerging economies, is creating a wealth of opportunities for manufacturers to introduce innovative electronic motor starter solutions. As the market becomes increasingly competitive, companies are investing in product innovations, strategic partnerships, and mergers and acquisitions to capitalize on the growing demand and to maintain a strong foothold in the Global electronic motor starters market.
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ABB
Carlo Gavazzi
Phoenix Contact
Schneider Electric
Siemens
Eaton
GE Industrial
Danfoss India
BCH Electric Limited
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Electronic Motor Starters Market
Soft Starters
Variable Frequency Drives (VFDs)
Direct On-Line (DOL) Starters
Star-Delta Starters
Reversing Starters
Industrial Sector
Commercial Sector
Residential Sector
Electromechanical Starters
Solid State Starters
Microprocessor-based Starters
Power Generation
Water and Wastewater Management
Mining
Agriculture
Automotive
Single-phase Starters
Three-phase Starters
Smart Starters
Explosion-proof Starters
Remote Monitoring Starters
US (Global, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Electronic Motor Starters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Electronic Motor Starters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Electronic Motor Starters Market, By Type
6. Gloabl Electronic Motor Starters Market, By Application
7. Gloabl Electronic Motor Starters Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Gloabl Electronic Motor Starters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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