all report title image
Ingographics Image

Soft starters are a type of motor starters that make use of the voltage reduction technique for reducing the voltage in the starting process of the motor. These devices provide a gradual increase of voltage during motor starting. Using soft starter can prevent all type of mechanical tear and jerking resulting from sudden supply of full voltage. Soft starters are used in several different industries, as it reduces starting torque and gradually grows the voltage. This offers safety to the device without affecting the efficiency.

Market Dynamics:

The rise in demand for HVAC equipment and growing adoption of industrial pumps is expected to drive growth of the global soft starter market during the forecast period. Moreover, increasing technological development is likely to provide market players with multiple opportunities in the market.  

However, factors like availability of alternatives such as VFDs and high cost related to R&D proficiencies is anticipated to hamper growth of the global soft starter market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global soft starter market, and provides market size (US$ 2,386.5 Million) and compound annual growth rate (CAGR 8.23%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global soft starter market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Siemens AG, Aucom Electronics Ltd (Benshaw Inc.), Schneider Electric SE, IGEL Electric GmbH, Eaton Corporation PLC, Crompton Greaves Ltd., ABB Ltd., Toshiba Corporation, Rockwell Automation Inc., Fairford Electronics Inc. (Motortronics UK Ltd), and Danfoss Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global soft starter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global soft starter market

Detailed Segmentation:

  • Global Soft Starter Market, By End User Industry
    • Mining and Metal
    • Food and Beverage
    • Energy and Power
    • Oil and Gas
    • Other End user Industries
  • Global Soft Starter Market, By Geography
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • Siemens AG
    • Schneider Electric SE
    • Eaton Corporation PLC
    • ABB Ltd
    • Rockwell Automation Inc.
    • Danfoss Group
    • Fairford Electronics Inc. (Motortronics UK Ltd)
    • Toshiba Corporation
    • Crompton Greaves Ltd
    • IGEL Electric GmbH
    • Aucom Electronics Ltd (Benshaw Inc.)

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snapshot, By End User Industry
      • Market Snapshot, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Growing demand for industrial pumps
        • Growing HVAC equipment demand
      • Restraints
        • Growing penetration of various alternatives
        • Limited control and accuracy of soft starters
      • Opportunities
        • Growing focus on improvement of utility factors
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Product launch/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Merger and Acquisition Scenario
  4. Global Soft Starter Market – Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5. Global Soft Starter Market , By End User Industry, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2017 – 2030
      • Segment Trends
    • Mining and Metal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Food and Beverage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Energy and Power
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Oil and Gas
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
    • Other End user Industries
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
  6. Global Soft Starter Market , By Region, 2017-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country 2017–2030
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2017-2030,(US$ Mn)
  7. Competitive Landscape
    • Siemens AG
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • Aucom Electronics Ltd (Benshaw Inc.)
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Schneider Electric SE
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • IGEL Electric GmbH
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Eaton Corporation PLC
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • ABB Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Crompton Greaves Ltd
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Rockwell Automation Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Toshiba Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Danfoss Group
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Analyst Views
  8. Section
    • Research Methodology
    • About us

*Browse 24 market data tables and 28 figures on “Global Soft Starter Market” - Global forecast to 2030

View Our Licence Options

  • Need a Custom Report?

    We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

    Customize Now
  • Want to Buy a Report but have a Limited Budget?

    We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

    Request Discount
Logo

Reliability and Reputation

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo