Motor Soft Starter Market is Developing at a CAGR of 7% and
Appraise to Arrive at US$ 6 billion by 2027
Transparency Market Research delivers key insights on the
global motor
soft starter market. In terms of revenue, the global motor soft starter
market is estimated to expand at a CAGR of ~7% during the forecast
period, owing to numerous factors, regarding which, TMR offers thorough
insights and forecasts in its report on the global motor soft starter market.
A motor soft starter is a device that starts a motor at low
power supply. This reduces potentially damaging electric and mechanical shocks
that can be caused to the system. Motor soft starters are used with AC electric
motors to reduce the load and torque for a power train, temporarily. This is
performed to reduce the mechanical stress and increase the durability of the
motor. The two basic components of a motor soft starter are power switches,
such as SCRs, which need to be phase–controlled; and a control unit with PID
controllers or microcontrollers or any other logic that controls the
application of gate voltage to the SCR. The application motor soft starters
include pumps, compressors, conveyor belts, fans, elevators and escalators,
crushers and mills, and others (mixers, stirrers).
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Global Motor Soft Starter Market: Dynamics
The global motor soft starter market is witnessing
significant growth, owing to the increased demand for next-generation,
fuel-efficient motor soft starters. Moreover, industrial organizations and
manufacturers across the globe are increasingly investing in the protection of
expensive assets, such as electric equipment and machinery, from damage. Since
soft starters play a crucial role in protecting electric systems from high
inrush currents and mechanical systems from high instantaneous torque,
manufacturers prefer soft starters for the improvement of the safety of
electric systems.
Global Motor Soft Starter Market: Prominent Regions
North America is the dominant region of the global motor
soft starter market. This growth can be attributed to high investments
in industrial automation in North America, and large number of
manufacturers operating in the region. Moreover, the improved environment for
investments in infrastructure development is expected to drive the demand for
fluid pumps in the near future. This, in turn, is expected to fuel the demand
for motor soft starters required for pumps in the next few years. Furthermore,
the presence of a large number of manufacturers of motor soft starters is
likely to boost the motor soft starter market in North America in the near
future.
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The market in Asia Pacific is estimated to witness
significant growth during the forecast period, owing to rising investments in
the motor soft starter market in the region. Moreover, the demand for pumps is
expected to increase from developing nations with large mining industries in
the next few years. Additionally, increasing investments for access to water
supply and sanitation, and growth of the process manufacturing industry, are
expected to drive the demand for pumps in developing countries in the next few
years. This, in turn, is expected to boost the global motor soft starter market
during the forecast period.
Global Motor Soft Starter Market: Key Players
Key players operating in the global motor soft starter
market are ABB Ltd, Crompton Greaves Ltd. (EMOTRON TSA), Danfoss A/S,
Eaton Corporation, Motortronics UK Ltd, Rockwell Automation, Inc., Schneider
Electric SE, Siemens AG, Toshiba International Corporation Pty Ltd, and Weg
SA.
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