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    Motor Soft Starter Market | Covid-19 Impact Analysis

    Motor Soft Starter Market | Covid-19 Impact Analysis

    Motor Soft Starter Market | Covid-19 Impact Analysis
    Report code - SRCE181 Delivery - 2 Weeks
    Motor Soft Starter Market Size, Share, Trend, Forecast, & Industry Analysis – 20 See more...
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    Impact of COVID-19 on Motor Soft Starter Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Motor Soft Starter Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Motor Soft Starter Market Insights

    Motor Soft Starter Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Surge in demand for industrial pumps, growing employment of electric motors in major industries, increasing investments in oil & gas, water & wastewater treatment projects globally, are the key factors underpinning the growth of the market during the forecast period.

    Motor Soft Starter Market - Snapshot

    Growth

    6.0% for the next five years

    Major Voltage Type

    Low Voltage

    Major Rated Power Type

    751 W- 75vkW

    Major Application Type

    Pump

    Dominant Industry Type

    Oil & Gas

    Region with the highest demand

    Asia-Pacific

    Key Players

    ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Eaton (Ireland), Fuji Electric (Japan), WEG (Brazil), Rockwell Automation (US), and Mitsubishi Electric (Japan).

     

    Market Share Analysis

    Motor-Soft-Starter-Market-Dominant-Segments

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    Motor Soft Starter Market Share: By Voltage Type

    Based on the voltage type, the motor soft starter market has been segmented as low voltage and medium voltage. The low voltage segment is expected to hold the larger share of the market during the forecast period due to the adoption of low voltage motors by various process industries. Further, industries such as metal & mining, oil & gas, chemical & petro chemical, water & waste water, cement & manufacturing, power generation, and food & beverages are using low voltage motor soft starters, which is driving the growth of the segment.

    Motor Soft Starter Market Share: By Rated Power Type

    Based on the rated power type, the market is segmented as 750 W, 751 W–75 kW, and Above 75 kW segments. The 751 W–75 kW segment is likely to dominate the market during the forecast period. The growth of the segment is attributed by the growth in oil & gas and desalination projects and also the increasing investments that are being made on the same.

    Motor Soft Starter Market Share: By Application Type

    Based on the application type, the market is segmented as pump, fan, compressor, and others. The pump segment is estimated to govern the market during the forecast period as pumps are extensively used in process industries, such as oil & gas and power generation. The segment is playing an essential role in limiting the voltage supply to the motor.

    Motor Soft Starter Market Share: By Industry Type

    Based on the industry type, the market is segmented as oil & gas, power generation, water & waste water, mining and others. The oil & gas segment is expected to lead the market during the forecast period owing to rise in upstream spending in response to surge in prices of oil.

    Motor Soft Starter Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to dominate the motor soft starter market during the forecast period due to rising investment in industrialization, construction, and power generation. Countries, such as China, India, and Japan are expected to register the fastest growth, driven by the increasing demand for electricity and power generation capacity. North America and Europe are also showing keen interest in the motor soft starter market and offer lucrative growth opportunities during the forecast period.

    Motor-Soft-Starter-Market-By-Region

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    Some of the major players in the motor soft starter market are-

    • ABB
    • Siemens
    • Schneider Electric
    • Eaton
    • Fuji Electric
    • WEG
    • Rockwell Automation
    • Mitsubishi Electric.

     

    Market Scope & Segmentation

    Motor Soft Starter is an electronic device which helps in reducing the load and torque in the power train and electric current surge of the motor start-up with the help of AC electrical motors. It controls the supply voltage and eliminates the undesired side effects. It also reduces the mechanical and electrodynamic stress from the power cables and electrical distribution network.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Motor Soft Starter Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The motor soft starter market is segmented into the following categories. 

    Motor Soft Starter Market Size, Share, & Forecast, by Voltage Type:

    • Low (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Motor Soft Starter Market Size, Share, & Forecast, by Rated Power Type:

    • Up to 750 W (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 751 W- 75 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Above 75 kW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Motor Soft Starter Market Size, Share, & Forecast, by Application Type:

    • Pump (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Fan (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Motor Soft Starter Market Size, Share, & Forecast, by Industry Type:

    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Water & Wastewater (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) 
    • Power Generation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Motor Soft Starter Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Motor-Soft-Starter-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 800 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the industry types by voltage type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Motor Soft Starter Market in the foreseeable future?

    Motor soft starter market is expected to witness an impressive growth of 6.0% CAGR in the foreseeable future.

    Who are the key players in the motor soft starter market?

    ABB, Siemens, Schneider Electric, Eaton, Fuji Electric, WEG, Rockwell Automation, and Mitsubishi Electric are among the key players in the motor soft starter market.

    Which country/region is expected to remain dominant in the Motor Soft Starter Market?

    Asia-pacific is expected to dominate the motor soft starter market during the next five years.

    Which application type is expected to govern the Motor Soft Starter Market?

    The pump segment is estimated to govern the motor soft starter market during the forecast period.

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