IMARC Group, a leading market research company, has recently releases report titled “Soft Starter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global soft starter market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Soft Starter
A soft starter, also known as a reduced voltage starter, is an electronic device used in electrical engineering and industrial applications to control the acceleration of electric motors. It is compact and easily integrated into existing electrical systems and protects engines from excessive mechanical and electrical stress, prolonging their lifespan. It controls the acceleration of fans and blowers in heat, ventilation, and air conditioning systems, reducing noise and power consumption. It ensures a smooth and controlled startup, preventing jolts and shocks to the machinery. It is widely used in water pumps and air compressors to avoid sudden pressure surges and reduce wear on equipment.
How Big Is the Soft Starter Market?
The global soft starter market size reached US$ 2.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
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What are the growth prospects and trends in the soft starter industry?
The increasing energy efficiency regulations and standards worldwide are encouraging industries to adopt soft starters to reduce energy consumption during motor starts.
Additionally, ongoing infrastructure development projects, such as construction, water treatment, and transportation, are driving the demand for soft starters in pumps, compressors, and conveyor systems.
Apart from this, the rise of renewable energy sources like wind and solar power is catalyzing the demand for soft starters in controlling motors associated with these energy generation systems. Moreover, manufacturing industries are adopting soft starters to enhance the control and efficiency of engines used in various production processes, which is contributing to the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Low Voltage Soft Starter
- Medium to High Voltage Soft Starter
Breakup by Application:
- Pumps
- Fans and Blowers
- Compressors
Breakup by End Use Industry:
- Mining and Metal
- Food and Beverage
- Energy and Power
- Oil and Gas
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ABB Ltd., AuCom Electronics Ltd. (Benshaw Inc), Carlo Gavazzi Holding AG, CG Power and Industrial Solutions, Danfoss Group, Eaton Corporation PLC, Littelfuse Inc., OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and SOLCON.
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