What is Global Low Voltage Motor Soft Starter Market?
The Global Low Voltage Motor Soft Starter Market is a sector that focuses on the production and distribution of low voltage motor soft starters. These devices are used to reduce the load and torque in the power train of the motor during startup. This reduction in load and torque helps to prolong the life of the motor and reduce maintenance costs. The market is global in nature, meaning it encompasses the production and distribution of these devices in countries all around the world. In 2023, the market was valued at US$ 1284.1 million and it is expected to grow in the coming years. The growth of this market is driven by the increasing demand for low voltage motor soft starters in various industries such as manufacturing, energy, and construction.
2-phase Controlled Soft Starters, 3-phase Controlled Soft Starters in the Global Low Voltage Motor Soft Starter Market:
The Global Low Voltage Motor Soft Starter Market is divided into two main segments: 2-phase controlled soft starters and 3-phase controlled soft starters. 2-phase controlled soft starters are devices that control the voltage applied to the motor during startup in two phases. This type of soft starter is typically used in applications where the load is not very heavy and the motor does not need to start frequently. On the other hand, 3-phase controlled soft starters control the voltage applied to the motor during startup in three phases. This type of soft starter is used in applications where the load is heavy and the motor needs to start frequently. Both types of soft starters have their own advantages and disadvantages, and the choice between the two depends on the specific requirements of the application.
Oil & Gas, Water & Wastewater, Power Generation, Mining, Others in the Global Low Voltage Motor Soft Starter Market:
The Global Low Voltage Motor Soft Starter Market finds its application in various sectors such as Oil & Gas, Water & Wastewater, Power Generation, Mining, and others. In the Oil & Gas industry, these devices are used to start motors that drive pumps, compressors, and fans. In the Water & Wastewater industry, they are used to start motors that drive pumps and blowers. In the Power Generation industry, low voltage motor soft starters are used to start motors that drive generators, pumps, and fans. In the Mining industry, these devices are used to start motors that drive conveyors, crushers, and mills. In other industries, low voltage motor soft starters are used in a variety of applications where there is a need to start a motor smoothly and without causing a high inrush current.
Global Low Voltage Motor Soft Starter Market Outlook:
Looking at the market outlook, the Global Low Voltage Motor Soft Starter Market was valued at a significant US$ 1284.1 million in 2023. The market is projected to experience growth and reach a value of US$ 1522.7 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these devices in various industries, advancements in technology, and the benefits they offer such as reduced maintenance costs and prolonged motor life.
| Report Metric | Details |
| Report Name | Low Voltage Motor Soft Starter Market |
| Accounted market size in 2023 | US$ 1284.1 million |
| Forecasted market size in 2030 | US$ 1522.7 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ABB, Schneider Electric, Rockwell, Emerson, Eaton, GE, Toshiba, Mitsubishi Electric, Danfoss, Solcon, Omron, AuCom, WEG, RENLE, Hpan, Aotuo, Emotron (CG), Benshaw, Carlo Gavazzi, CHZIRI, CHINT, Delixi, Westpow, Motortronics, Andeli |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
