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Motor Soft Starter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Motor Soft Starter Market: Overview

Motor soft starters are used with AC electrical motors to reduce the load and torque for a power train temporarily. This is done to reduce the mechanical stress and increase the durability of the motor. The market is expected to grow during the forecast period.

The motor soft starter market is being driven the increasing application of these systems in major industries. The use of motor soft starter ensures smooth starting by controlling the torque for gradual acceleration of the drive system. This prevents vibrations and extends the life of the mechanical components. Furthermore the motor soft starter reduces the starting current in order to achieve break away and holds back the current during acceleration of the drive system. As a result, the electrical equipment is protected from thermal, mechanical or electrical stress.

In addition, the soft starter is equipped with a microprocessor and software that monitors and controls the speed which economizes the energy irrespective of the load. Moreover, the embedded software does not require supervision and it monitors the motor automatically thereby reducing the cost of employee supervisors. In addition, the soft motors are widely application across several areas such as cement industries, steel plants, rubber and plastic industries and power sector among others.

However, there are several factors that will hinder the market from growth. The motor soft starters are primarily used to limit the inrush current to the motor which keeps the grid system stable. This also prevents the drop in grid voltage. But, if the grid voltage is very high, then the equipment sensitive to the voltage can drop out. This can create problems for grid users. In such a situation, a Direct on Line (DOL) starters are more preferred as they are less expensive. Furthermore, the variable frequency drives are far more popular when it comes to technology and efficiency.

Motor Soft Starter Market: Segmentation

The motor soft starters are gradually finding their application in several fields such as rubber and plastic, steel and power sector among other. Based on the growth of these industries, the market is expected to witness steady growth during the forecast period.

The market has been segmented in terms, of power rating, application and geography. In terms of power rating the motor soft starters can be categorized into power rating up to 100 kilo volt and power rating above 100 kilo volt. By applications, the market has been segregated into steel industries, paper and pulp factories, cement industries, rubber industries, machine tool applications, power sector and textile industries among others.

Motor Soft Starter Market: Regional and Competitive Overview

By geography, the market has been divided into four regions; North America, Europe, Asia Pacific and Rest of the world. North America and Europe are the early adapters of technology and hence expected to dominate the market during the forecast period. However, Asia Pacific has been analyzed to be the fastest growing region, due to the presence of developing nations like India and China.

The key players in the market include Siemens AG, Schneider Electric, Eaton Corporation PLC, ABB Ltd, Emerson Electric Co., Crompton Greaves Limited, Danfoss A/S, Rockwell Automation, Toshiba Corporation and WEG SA among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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