The Impact of COVID-19 is included in Soft Starter Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Soft Starter Trends and Forecast
The future of the global soft starter market looks promising with opportunities in the mining and metal, food and beverage, energy & power, and oil & gas markets. The global soft starter market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are rising demand for industrial pumps and electric motors, increasing number of construction activities, and expanding application of this product in data center.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Soft Starter by Segment
The study includes a forecast for the global soft starter by type, application, end use industry, and region.
Soft Starter Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Low Voltage Soft Starter
• Medium to High Voltage Soft Starter
Soft Starter Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pumps
• Fans and Blowers
• Compressors
Soft Starter Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Mining and Metal
• Food and Beverage
• Energy and Power
• Oil and Gas
• Others
Soft Starter Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Soft Starter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies soft starter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the soft starter companies profiled in this report include-
• ABB
• Siemens
• Schneider Electric
• Eaton
• Rockwell Automation
Soft Starter Market Insights
Lucintel forecasts that pump is expected to witness the highest growth over the forecast period.
Within this market, mining and metal will remain the largest segment over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Soft Starter Market
Market Size Estimates: Soft starter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Soft starter market size by type, application, end use industry, and region in terms of value ($B).
Regional Analysis: Soft starter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end use industries, and regions for the soft starter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the soft starter market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the soft starter market size?
Answer: The global soft starter market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for soft starter market?
Answer: The global soft starter market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the soft starter market?
Answer: The major drivers for this market are rising demand for industrial pumps and electric motors, increasing number of construction activities, and expanding application of this product in data center.
Q4. What are the major segments for soft starter market?
Answer: The future of the soft starter market looks promising with opportunities in the mining and metal, food and beverage, energy & power, and oil & gas markets.
Q5. Who are the key soft starter market companies?
Answer: Some of the key soft starter companies are as follows:
• ABB
• Siemens
• Schneider Electric
• Eaton
• Rockwell Automation
Q6. Which soft starter market segment will be the largest in future?
Answer: Lucintel forecasts that pump is expected to witness the highest growth over the forecast period.
Q7. In soft starter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the soft starter market by type (low voltage soft starter and medium to high voltage soft starter), application (pumps, fans and blowers, and compressors), end use industry (mining and metal, food and beverage, energy and power, oil and gas, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Soft Starter Market, Soft Starter Market Size, Soft Starter Market Growth, Soft Starter Market Analysis, Soft Starter Market Report, Soft Starter Market Share, Soft Starter Market Trends, Soft Starter Market Forecast, Soft Starter Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Soft Starter Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Soft Starter Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Soft Starter Market by Type
3.3.1: Low Voltage Soft Starter
3.3.2: Medium to High Voltage Soft Starter
3.4: Global Soft Starter Market by Application
3.4.1: Pumps
3.4.2: Fans and Blowers
3.4.3: Compressors
3.5: Global Soft Starter Market by End Use Industry
3.5.1: Mining and Metal
3.5.2: Food and Beverage
3.5.3: Energy and Power
3.5.4: Oil and Gas
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Soft Starter Market by Region
4.2: North American Soft Starter Market
4.2.1: North American Soft Starter Market by Application: Pumps, Fans and Blowers, and Compressors
4.2.2: North American Soft Starter Market by End Use Industry: Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, and Others
4.3: European Soft Starter Market
4.3.1: European Soft Starter Market by Application: Pumps, Fans and Blowers, and Compressors
4.3.2: European Soft Starter Market by End Use Industry: Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, and Others
4.4: APAC Soft Starter Market
4.4.1: APAC Soft Starter Market by Application: Pumps, Fans and Blowers, and Compressors
4.4.2: APAC Soft Starter Market by End Use Industry: Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, and Others
4.5: ROW Soft Starter Market
4.5.1: ROW Soft Starter Market by Application: Pumps, Fans and Blowers, and Compressors
4.5.2: ROW Soft Starter Market by End Use Industry: Mining and Metal, Food and Beverage, Energy and Power, Oil and Gas, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Soft Starter Market by Type
6.1.2: Growth Opportunities for the Global Soft Starter Market by Application
6.1.3: Growth Opportunities for the Global Soft Starter Market by End Use Industry
6.1.5: Growth Opportunities for the Global Soft Starter Market by Region
6.2: Emerging Trends in the Global Soft Starter Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Soft Starter Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Soft Starter Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ABB
7.2: Siemens
7.3: Schneider Electric
7.4: Eaton
7.5: Rockwell Automation
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Soft Starter Market Report.