Electronic Motor Starters Market was valued at USD 3.50 Billion in 2022 and is projected to reach USD 5.90 Billion by 2030, growing at a CAGR of 7.50% from 2024 to 2030.
The Electronic Motor Starters market experienced significant growth in 2022, reaching a valuation of approximately USD 2.4 billion. The market demonstrated a robust compound annual growth rate (CAGR) of 6.5% from 2022 to 2027, driven by increasing industrial automation, the need for energy-efficient solutions, and advancements in motor control technologies. The surge in demand for electronic motor starters can be attributed to their ability to provide precise control and protection for electric motors, enhancing operational efficiency and reducing downtime in various industrial applications.
Opportunity analysis indicates a promising outlook for the electronic motor starters market, with emerging markets presenting substantial growth prospects. The Asia-Pacific region, in particular, is poised to be a significant contributor to market expansion due to rapid industrialization, infrastructure development, and the adoption of advanced manufacturing technologies. Additionally, the integration of IoT and smart technologies in motor control systems is expected to create new opportunities for market players, as these innovations facilitate improved monitoring, diagnostics, and predictive maintenance of motors across diverse sectors.
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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 Global Electronic Motor Starters Market
Mechanical Industry
Mining Industry
Power Industry
Automotive Industry
Other
Based on Types the Market is categorized into Below types that held the largest Electronic Motor Starters market share In 2023.
Manual Starter
Magnetic Motor Starter
Global (United States, Global 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 Global 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. Global Electronic Motor Starters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Motor Starters Market, By Type
6. Global Electronic Motor Starters Market, By Application
7. Global Electronic Motor Starters Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electronic Motor Starters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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