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Global Soft Starter Market: By End User Industry: Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

Global Soft Starter Market Outlook

The global soft starter market stood at a value of around USD 1827.04 million in 2021. The market is further expected to grow at a CAGR of 5.80% in the forecast period of 2022-2027 to attain a value of nearly USD 2566.85 million by 2027.

 

Global Soft Starter Market

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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 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.

 

Global Soft Starter Market Segment

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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.

 

Global Soft Starter Market Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End User Industry, Region
Breakup by End User Industry Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Siemens AG, Schneider Electric SE, Eaton Corporation plc, Rockwell Automation, Inc., ABB Ltd., Danfoss A/S, Others
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 (2017-2021) 
    8.3    Global Soft Starter Market Forecast (2022-2027)
    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 (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Food and Beverage
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Energy and Power
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Oil and Gas
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        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 (2017-2021) 
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021) 
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021) 
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021) 
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021) 
            8.5.5.3    Forecast Trend (2022-2027)
9    North America Soft Starter Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Soft Starter Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Soft Starter Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Soft  Starter Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    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 (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    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, 2017 and 2027
2.    Global Soft Starter Historical Market: Breakup by End User Industry (USD Million), 2017-2021
3.    Global Soft Starter Market Forecast: Breakup by End User Industry (USD Million), 2022-2027
4.    Global Soft Starter Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Soft Starter Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Soft Starter Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Soft Starter Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Soft Starter Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Soft Starter Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Soft Starter Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Soft Starter Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Soft Starter Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Soft Starter Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Soft Starter Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Soft Starter Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Global Soft Starter Market Structure

Key Questions Answered in the Report

In 2021, the global soft starter market attained a value of nearly USD 1827.04 million.

The market is estimated to grow at a CAGR of 5.80% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 2566.85 million by 2027.

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 1827.04 million in 2021, 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 2022-2027, growing at a CAGR of 5.80%. The market is projected to reach USD 2566.85 million by 2027.

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.

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