Motor soft starter is used to minimize the inrush current formed during motor start up thereby enhancing efficiency and prolonging the shelf life of motors. Soft starters have widespread applications across different industries such as oil & gas, mining, and power generation industries. The soft starter helps in controlling motor acceleration thus preventing the damage of the motor in the entire process. This equipment can be installed with pumps, compressors, fans, among other devices to control the flow of current to desired level.
Increasing adoption of motor soft starter in industrial pumps along with growing demand of HVAC control system coupled with cost effectiveness & minimal space requirements are key factors that is responsible for the growth of the market across the globe.
Preference of VFD over motor soft starter due to functional superiority and cost-effectiveness are the factors that hinder the growth of the market. Increasing application of the motors across industries coupled with different fixed speed applications are the factors that is expected to offer abundant growth opportunities to the market. Growing concerns regarding renewable energy is a key market challenge faced by stakeholders and key market players.
The report segments the market on the basis of voltage, application, industry and region. On the basis of voltage the market is segmented into low voltage (up to 0.69 kV) and medium voltage (0.69-5 kV). On the basis of rated power, the market is segmented into up to 100 kW and above 100 kW. On the basis of application, the market is segmented into pumps, fans, compressors and others. On the basis of industry, the market is segmented into oil & gas, water & wastewater, power generation, mining and others
On the basis of Region, the market is segmented into North America, South America, Asia-Pacific, Middle East & Africa and Europe.
Key market players operating in this market are ABB Ltd., Siemens AG, Eaton Corporation PLC, Schneider Electric SE, General Electric Company, Emerson Electric Co., Rockwell Automation, Inc., Littelfuse Inc., WEG SA, and Crompton Greaves Limited.
KEY BENEFITS FOR STAKEHOLDERS:
MOTOR SOFT STARTER KEY MARKET SEGMENTS:
Key Company Profiles
SIMILAR MARKET STUDIES
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