Motor Starter Market

The Global Motor Starter Market is valued at USD 6082.5 Million in 2023 and is projected to reach a value of USD 8672.5 Million by 2030 at a CAGR (Compound Annual Growth Rate) of 5.20% between 2024 and 2030.

Key highlights:

• Asia Pacific dominated the market in 2023, obtaining the largest revenue share of 44.1%.
• The Magnetic Motor Starter segment dominated the Motor Starter market with the largest market share of 52.2% in 2023.
• The Industrial segment dominated the Motor Starter market with the largest market share of 37.9% in 2023.
• The Low voltage segment dominated the Motor Starter market with the largest market share of 48.7% in 2023.
• Technological advancement in sensors and networking elements are increasingly being added to motor starters so they can interface with other systems and devices.

Regional Overview:

Asia Pacific Dominated Sales with a 44.1% share in 2023. In the Asia Pacific region, Motor Starter are widely used in a variety of sectors, including industry, construction, agriculture, and more. These devices perform a number of vital tasks, especially those that are connected to managing the start and stop of electric motors. Asia Pacific is the home of a sizable manufacturing industry, which includes sectors like the automobile, electronics, and textiles industries. Conveyor belts, assembly lines, and other types of production operations are all powered by motors that are started and controlled by motor starters. Water pumps' start and stop operations are controlled by Motor Starter, which are essential to their function. This is crucial for operating wastewater treatment plants and preserving a stable water supply. The Asia Pacific region is investing extensively in energy generation, including coal, natural gas, and renewable sources, as the region's need for electricity rises. The Asia Pacific area uses motor starters extensively, fostering advancement and development in numerous industries. Contributing causes include economic expansion, infrastructure development, and an emphasis on energy efficiency.

China Motor Starter Market Overview

The Motor Starter market in China, with a valuation of USD 1269.6 Million in 2023, is projected to reach around USD 1886.5 Million by 2030. This forecast indicates a substantial Compound Annual Growth Rate (CAGR) of 5.82% from 2024 to 2030. China has a large and quickly expanding industrial sector, which contributes to the widespread use of Motor Starter there. In many manufacturing operations, including the creation of electronics and automobiles, motor starters are used. An important contributing component is the requirement for accurate motor control to maintain high production efficiency. Heavy machinery and equipment are needed due to China's accelerated infrastructure development and urbanization. Construction machinery needs Motor Starter to operate safely and effectively when building infrastructure such as roads, structures, and transportation systems. In line with China's sustainability objectives, these policies promote the use of Motor Starter and other energy-saving technology in building and industry. Because China is a major hub for manufacturing, production efficiency and quality are crucial. For businesses that export goods internationally, maintaining high-quality standards and minimizing production downtime is crucial.

Type Overview:

In 2023, the Magnetic Motor starter segment dominated the market, with the largest share accounting for 52.2% of the overall market. The Motor Starter market, segmented by Type, includes Manual starter, Magnetic motor Starter, Rotor Resistance starter, Electronic motor starter, Direct-on-line starter, and Others. A vital part of the motor starter industry, the magnetic Motor Starter is renowned for its dependability and broad use in a range of industrial applications. This tool has a big impact on improving motor economy and safety, which has a big impact on the market for Motor Starter. Magnetic motor starters are used in a wide range of industries, from heavy machinery used in construction and industrial manufacturing to HVAC systems in commercial buildings. They can accommodate a range of motor types, voltage levels, and load requirements because of their adaptability. They contribute to the expansion of the market by improving energy efficiency, simplicity of integration, and adherence to industry standards. The need for magnetic motor starters is anticipated to stay strong as industries continue to develop and place a priority on safe and effective motor control, thereby fostering market growth.

End User Overview:

In 2023, the Industrial segment dominated the market, with the largest share accounting for 37.9% of the overall market. The Motor Starter market, segmented by Type, includes Automotive, Electrical and Electronics, Industrial, Manufacturing, Mining, and Others. Electric motors in industrial machinery and equipment are started and controlled by Motor Starter, which are essential parts. Electric motor-powered machinery and equipment are crucial to industrial manufacturing. The demand for Motor Starter customized for certain industrial processes rises as the manufacturing sectors continue to grow and modernize, driving market growth. Construction, mining, and agricultural industries all rely significantly on heavy equipment with strong electric motors. Conveyor systems, mixers, and packaging equipment are just a few of the applications for Motor Starter in the food processing and beverage production industries. The need for processed foods and beverages is increasing as the world's population expands, which encourages investments in this industry and increases the demand for Motor Starter.

Voltage Overview

In 2023, the Low voltage segment dominated the market, with the largest share accounting for 48.7% of the overall market. The Motor Starter market, segmented by Voltage, includes Low voltage, Medium voltage, and High voltage. Soft voltage motor starters are very adaptable and have a wide range of uses in different fields and businesses. Everything from modest home appliances to massive industrial gear uses them. The demand for dependable and effective low-voltage Motor Starter stays high as industrial industries develop and modernize, fueling market expansion. Low-voltage motor starters are crucial for controlling elevators and HVAC (heating, ventilation, and air conditioning) systems in commercial buildings such as office buildings, malls, and hospitals. Several residential applications, such as those involving home appliances like refrigerators, washing machines, and air conditioners, also make use of low-voltage Motor Starter. Soft voltage motor starters are in demand in residential settings as the housing industry expands and consumers look for energy-efficient equipment, which helps drive market expansion. The demand for intelligent low-voltage motor starters is being driven by the IoT (Internet of Things) and smart technology integration into industrial and commercial contexts. These brilliant starters include capabilities for remote monitoring, proactive maintenance, and data analytics, which improve operational effectiveness and decrease downtime.

Key Trends

• Magnetic Motor starter is dependable motor protection, is simple to use, and is frequently utilized in industrial applications where motor control and safety are crucial. To ensure the secure and effective running of motors, magnetic motor starters use electromagnetically regulated contactors to open and close circuits.
• The low voltage is most prevalent electrical systems in residential, commercial, and many industrial settings are low-voltage ones because they are safe, simple to distribute, and compatible with a variety of electrical tools and equipment.
• The oil and gas industry stands out as the largest user of MOTOR STARTERS among the numerous end-user industries. This is because oil drilling, processing, and transportation often take place in hostile and corrosive conditions.

Premium Insights

Government agencies and business associations have put several regulations and safety requirements on the motor starters market. To guarantee the effectiveness and safety of their products, producers must abide by certain conditions. Regulation changes can have an impact on product design, production techniques, and distribution, so businesses must keep informed and adapt to new needs. International trade laws and tariffs affect motor starter producers worldwide. Changes in trade agreements and tariffs can impact the price of raw materials, components, and final goods. Environmental rules have become more stringent as environmental concerns have grown. To meet environmental regulations, motor starter manufacturers must follow environmentally friendly procedures and provide energy-efficient goods. Governments may offer incentives and subsidies to encourage the use of energy-efficient devices, such as motor starters, which is a positive development. Manufacturers who match their goods to government efforts can gain from rising demand and expanding markets.

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Market Dynamics

Increasing focus on energy efficiency and sustainability in industrial processes

The increasing focus on energy efficiency and sustainability in industrial processes is a key factor driving the global market for Motor Starter. The demand for Motor Starter, as well as the development and application of these devices, are significantly impacted by this trend toward energy-conscious activities. Globally, governments and regulatory organizations are establishing strict environmental laws designed to lower carbon emissions and energy usage. For many industries, energy prices are a substantial expense. Energy-efficient technology use can result in significant long-term cost savings, making it a desirable alternative for companies looking to increase profitability. Businesses are trying to lower their carbon footprints as they become more conscious of their effects on the environment. Energy-efficient techniques can help a company's brand while also supporting its corporate social responsibility objectives. Traditional Motor Starter, including direct -on-line (DOL) starters, can put a mechanical strain on motors at the beginning and cause significant inrush currents. Energy is wasted as a result of this inefficiency. The industrial automation and manufacturing landscape as a whole is being shaped by this trend, which is also having an impact on the market of Motor Starter. This trend is pushing companies to adopt more cost- and environmentally-conscious methods. Manufacturers and companies who adjust to these shifting dynamics stand to gain from decreased energy use, lower operational costs, and a competitive edge in a global market that is becoming more and more focused on sustainability.

Rapid urbanization and industrialization

Rapid urbanization and industrialization in emerging economies is another key factor propelling the global market for Motor Starter. Infrastructure development and industrial machinery are in more demand as these nations experience strong economic expansion. Increased industrial production, building initiatives, and infrastructure expansion frequently characterize this boom. Electric motors and Motor Starter are increasingly needed to power machinery and equipment as businesses grow and new factories are constructed. In developing economies, the movement of individuals from rural to urban areas is a typical occurrence. Numerous infrastructure projects, including residential and commercial structures, transit systems, and utilities, are required as a result of the urbanization trend. Elevators, HVAC systems, pumps, and escalators are just a few of the applications in these projects where electric motors, operated by Motor Starter, are crucial parts. Many developing nations have evolved into major centers for manufacturing. There is a rush in the construction of manufacturing plants and factories as they draw investments from global firms. Motor Starter demand is on the rise as a result of expanding industries, construction work, infrastructural improvements, and increased use of electric motors in a variety of applications. This trend has a number of effects, such as an increased need for after-sales services and skill development activities, as well as market expansion, product diversity, global supply chain integration, and local manufacturing initiatives.

Competitive Landscape

The global market is a competitive and fragmented market due to the high presence of players in the market. Only a few companies account for a major market share, and hence, the degree of competition among the suppliers is high as the players in the market are active at global, regional, and country level. Also, the increasing rivalry between the players to obtain the majority of the market share for global has played a major role in intensifying the level of competition. The Major players are Toshiba Corporation, Rockwell Automation, Emerson Electric Co, Siemens, Schneider Electric, Danfoss, ABB, Franklin Electric, Fuji Electric, TECO-Westinghouse.

Recent Developments

• In April 2023, The largest firm in the world devoted to industrial automation and digital transformation, Rockwell Automation, Inc., has announced a comprehensive overhaul of its Allen-Bradley Branch Motor Control & Protection Solutions for motor control components.
• In February 2023, Rockwell Automation, the company that owns the well known Allen-Bradley motor control product lines, recently announced a complete overhaul of branch and motor control products.

The global Motor Starter market can be categorized as Type, End User, Voltage and Region.