Reports
Sale
Global Soft Starter Market Size, Share, Analysis, Forecast: By End User Industry: Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Soft Starter Market Outlook
The global soft starter market stood at a value of around USD 2,045.12 million in 2023. The market is further expected to grow at a CAGR of 5.80% in the forecast period of 2024-2032 to attain a value of nearly USD 3,402.74 million by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Rapid Expansion of the Oil and Gas Sector to Bolster the Growth of the Soft Starter Industry
Based on end use industry, the oil and gas segment accounts for a significant share in the market and is anticipated to witness a healthy growth in the forecast period. The soft starter technology in the oil and gas industry offers great advantages to electrical components by reducing the mechanical stress on the motor and shaft, thereby extending the lifespan of the overall system. It also helps bolster the efficiency of centrifugal applications in this industry. The temporary reduction of current during start-up facilitated by soft starter minimises stress on the electrical supply, which is useful for remote applications such as offshore oil rigs or isolated pumping stations. This factor is anticipated to bolster the market. Moreover, pressure surge and high mechanical stress are reduced by the gentle acceleration provided by soft starter during the start, resulting in the extension of equipment life. Over the forecast period, growing concerns about abnormal load conditions such as broken couplings, belts, or blocked pipes are likely to propel the demand for soft starters.
The Asia Pacific Accounts for a Significant Share in the Soft Starter Market
The soft starter industry in the Asia Pacific is driven by the rapid expansion of various end use industries of the product including mining and metal, energy and power, and food and beverage, among others. This can be attributed to the rising population, rapid urbanisation and increasing disposable income of the citizens. The market is anticipated to be augmented by the rising investments in the oil and gas industry in countries like India and China to enhance the operational capabilities. Moreover, the strong foot hold of major manufacturers in the region is likely to provide impetus to the market in the forecast period.
Soft Starter Market Segmentation
A soft starter is defined as a device used with AC electric motors to help start the motors with reduced power supply during the start-up phase. By reducing the power supply at the start, soft starter reduces the potentially damaging effects of electrical and mechanical shocks on the system, extending the lifespan of electric motors. Moreover, soft starter reduces the initial requirement of electricity which leads to the conservation of energy. The major end use industries of the product include oil and gas, and mining, among others.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
On the basis of end user industry, the market can be segmented into:
- Mining and Metal
- Food and Beverage
- Energy and Power
- Oil and Gas
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Growing Need to Increase the Safety and Efficiency of Power Distribution Systems in Various Industries to Boost the Growth of the Soft Starter Industry
The global soft starter industry is driven by the growing need to increase the safety and efficiency of power distribution systems in various sectors such as oil and gas, mining, food and beverage, and energy and power, among others. Soft starters help bolster the efficiency of power distribution systems by preventing conditions like overloading and providing warning about abnormal load conditions. This helps save any kind of equipment damage and the associated costs. The product also helps extend the lifespan of an equipment, which proves to be beneficial in industrial operations at factories or plants. Hence, these factors are anticipated to aid the market. Moreover, the market is anticipated to be driven by the rising demand for industrial pumps such as centrifugal pump in the oil and gas industry, which is likely to propel the demand for soft starters.
Key Industry Players in the Global Soft Starter Market
The report gives a detailed analysis of the following key players in the global soft starter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Siemens AG
- Schneider Electric SE
- Eaton Corporation plc
- Rockwell Automation, Inc.
- ABB Ltd.
- Danfoss A/S
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by End User Industry |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Soft Starter Market Analysis
8.1 Key Industry Highlights
8.2 Global Soft Starter Historical Market (2018-2023)
8.3 Global Soft Starter Market Forecast (2024-2032)
8.4 Global Soft Starter Market by End User Industry
8.4.1 Mining and Metal
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Food and Beverage
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Energy and Power
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Oil and Gas
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Soft Starter Market by Region
8.5.1 North America
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
9 North America Soft Starter Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Soft Starter Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Soft Starter Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Soft Starter Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Soft Starter Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Siemens AG
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Schneider Electric SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Eaton Corporation plc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Rockwell Automation, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ABB Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Danfoss A/S
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Soft Starter Market: Key Industry Highlights, 2018 and 2032
2. Global Soft Starter Historical Market: Breakup by End User Industry (USD Million), 2018-2023
3. Global Soft Starter Market Forecast: Breakup by End User Industry (USD Million), 2024-2032
4. Global Soft Starter Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Soft Starter Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Soft Starter Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Soft Starter Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Soft Starter Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Soft Starter Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Soft Starter Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Soft Starter Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Soft Starter Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Soft Starter Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Soft Starter Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Soft Starter Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Soft Starter Market Structure
Key Questions Answered in the Report
In 2023, the global soft starter market attained a value of nearly USD 2,045.12 million.
The market is estimated to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3,402.74 million by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of the product in various end use sectors such oil and gas, mining and metal, and food and beverage, among others, growing demand for industrial pumps, and rapid urbanisation.
The rapid industrialisation in emerging nations is expected to be a key trend guiding the growth of the industry.
Mining and metal, food and beverage, energy and power, and oil and gas, among others are the major end user industries of the product.
The major players in the industry are Siemens AG, Schneider Electric SE, Eaton Corporation plc, Rockwell Automation, Inc., ABB Ltd., and Danfoss A/S, among others.
Analyst Review
The global soft starter market attained a value of USD 2,045.12 million in 2023, driven by the rising application of the product in various end use sectors. Aided by the rapid industrialisation, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.80%. The market is projected to reach USD 3,402.74 million by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on end user industry, the market is divided into mining and metal, food and beverage, energy and power, and oil and gas, among others. The major regional markets for soft starter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Siemens AG, Schneider Electric SE, Eaton Corporation plc, Rockwell Automation, Inc., ABB Ltd., and Danfoss A/S, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER