Global Enclosed Motor Starter Market, By Product Type (Combination Starters and Non Combination Starters), Application (Industrial, Commercial) - Industry Trends and Forecast to 2031.
Enclosed Motor Starter Market Analysis and Size
Rise in industrial automation has contributed to innovations in enclosed motor starters for efficient motor control. These starters are essential components in automated manufacturing systems. Accordingly, the requirement for energy-efficient solutions in manufacturing and industrial sectors has led to market growth. The increasing adoption of renewable energy sources such as solar and wind has created a huge demand for motor starters in these systems.
Global enclosed motor starter market was valued at USD 1.8 billion in 2023 and is expected to reach USD 2.52 billion by 2031, registering a CAGR of 4.3% during the forecast period of 2024-2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024-2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Billion, Pricing in USD, Volumes in Units
|
|
Segments Covered
|
Product Type (Combination Starters and Non Combination Starters), Application (Industrial, Commercial)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa
|
|
Market Players Covered
|
SIEMENS (Germany), EATON (U.S.), Schneider Electric (India), Rockwell Automation (U.S.), ABB (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Enclosed motor starters are essential components that help electric motors run smoothly and efficiently because they control the electrical currents flowing through the motor when it is first starting up. By ensuring a controlled and gradual acceleration, these devices guard against sudden power surges that might harm the motor and any attached machinery.
Enclosed Motor Starter Market Dynamics
Drivers
- Rise in Renewable Energy Projects
The increasing adoption of renewable energy sources such as wind and solar power requires efficient motor starters for controlling generators, pumps, and other equipment in renewable energy systems. Enclosed motor starters play a vital role in ensuring the reliable operation of renewable energy infrastructure.
- Technological Advancements
Ongoing advancements in motor control technology, including the integration of smart features and IoT connectivity, are reshaping the enclosed motor starter market. Manufacturers are developing innovative starter solutions with remote monitoring capabilities, predictive maintenance features, and integration with industrial automation systems.
Opportunities
- Expansion in Emerging Markets
Emerging economies present significant growth opportunities for enclosed motor starter manufacturers due to the ongoing industrialization and infrastructural development in regions such as Asia-Pacific, Latin America, and Africa. Penetrating these markets allows companies to tap into new customer bases and capitalize on rising demand for industrial automation solutions.
- Customization and Product Differentiation
There's an opportunity for manufacturers to differentiate their offerings through customization and specialization. By developing tailored solutions for specific industries or applications, such as oil and gas, mining, or water treatment, companies can address niche market needs and command premium pricing.
Restraints/Challenges
- Cost Constraints and Budget Considerations for Investing in Enclosed Motor Starter Systems
Energy-efficient enclosed motors often have higher upfront costs compared to standard motors. This can pose a challenge for businesses and consumers, especially in price-sensitive markets or for those with limited capital for equipment upgrades.
This market report provides details of new recent developments, trade regulations, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Enclosed Motor Starter Market Scope
The market is segmented on the basis of product type and application. growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Combination Starters
- Non Combination Starters
Application
- Industrial
- Commercial
Enclosed Motor Starter Market Region Analysis/Insights
The market is segmented on the basis of product type and application.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the market and is expected to hold the largest share in enclosed motor starter market owing to the increasing automation & industrialization across the region. Also, introduction of advanced technology along with a rising number of research and development activities within the region is propelling the market in the region
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Enclosed Motor Starter Market Share Analysis
The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- SIEMENS (Germany)
- EATON (U.S.)
- Schneider Electric (India)
- Rockwell Automation (U.S.)
- ABB (U.S.)
SKU-