Motor Soft Starter Market Changing a Dynamics of Industry till 2022

The global motor soft starter market is estimated to be USD 1.37 Billion in 2017 and is expected to grow at a CAGR of 6.08% from 2017 to 2022. Increasing demand for industrial pumps and HVAC applications is one of the major factors driving the motor soft starter market.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the motor soft starter market. These players include ABB Ltd. (Switzerland), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), General Electric Company (U.S.), and Schneider Electric SE (France). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

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Objectives of the study:

• To define, describe, and forecast the global motor soft starter market on the basis of voltage, rated power, application, industry, and region
• To provide detailed information regarding the major factors influencing the growth of the motor soft starter market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the motor soft starter market with respect to individual growth trends, future prospects, and contributions of each segment to the market
• To analyze market opportunities for stakeholders and to provide details of the competitive landscape for market leaders
• To benchmark players within the market using the proprietary Vendor DIVE framework, which analyzes market players on various parameters within the broad categories of business and product strategy
• To strategically profile key players and comprehensively analyze their market shares and core competencies*
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the motor soft starter market

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The pumps segment is the largest motor soft starter market, by application

The pumps segment held the largest share in the motor soft starter market in 2016 due to various pump applications such as chilled water pumps, cooling tower pumps, utility pumps, process pump, and offloading pumps, among others. Moreover, soft starters play an important role in order to protect wear and tear of motors which are driving these pumps.. Industries such as water & wastewater, oil & gas, chemicals & petrochemicals, cement, and paper & pulp involve processes that require pumps for various pumping applications. Any damage to motors which are driving these pumps can affect various processes in these industries.

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The points given below explain the research methodology.

• Study of annual revenue and market developments of major players that provide motor soft starters
• Analysis of major applications and end-use industries of motor soft starters
• Assessment of future trends and growth of the motor soft starter market on the basis of investments for motor control centers in control & automation industry
• Assessment of the motor soft starter market with respect to the rated power of motor soft starters used for different applications
• Study of market trends in various regions/countries supported by the voltage of motor soft starter used for various applications
• Study of contracts and developments related to the motor soft starter market by key players across different regions
• Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing motor soft starters across the globe

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues