The motor starter market was valued at US$5,629.130 million in 2021 and is anticipated to grow at a CAGR of 6.27% over the forecasted period to reach a market size of US$8,614.421 million in 2028.
The market for motor starters is significantly impacted favorable by the expansion of the automotive industry and several government initiatives.
As per the report, the market for motor starters is expected to expand during the forecast period.
Motor starters are essential components of motor control systems, which start, stop, and protect electric motors. Its primary function is to regulate the flow of electrical power to the motor, resulting in smooth and reliable motor operation and typically includes components such as contactors, overload relays, control circuits, and protective devices.
The expansion of the automotive manufacturing is a major driving force behind the growth of the motor starter market. For instance, according to the European Automobile Manufacturers’ Association, in 2022, 85.4 million motor vehicles were produced worldwide, an increase of 5.7% from the year 2021 in which Greater China produced a maximum of 27,222,000 units in 2022.
The motor starter market has been categorized based on type, technique, end-users, and geography.
As per the type, the market has been classified into manual starters, magnetic motor starters, rotor resistance starters, direct-on-line starters, and others. The direct-on-line starter is the most widely use type of motor starter as it is simple, affordable, and efficient. A direct-on-line starter connects the motor directly to the power supply, without any intermediate devices or components, and maximizes the motor’s starting torque, which is useful in a variety of applications and accounts for a significant share of the motor starter market.
Based on technique, the market has been classified into full voltage technique, multispeed technique, and bidirectional starter technique. The multispeed technique is widely utilized in motor starters as this technique includes starting the motor at reduced voltage and then gradually increasing it to full voltage. It helps reduce the challenges associated with instant full voltage starting, and by reducing mechanical and electrical stresses, multispeed technique starters can extend the motor’s life and therefore account for a significant portion of the motor starter market.
Based on end-users, the market has been categorized into automotive, electrical & electronics, industrial, manufacturing, mining, and others. Motor starters are widely used in the automotive industry in a variety of vehicles, including cars, trucks, and motorcycles, to ensure the safe and efficient operation of motors while protecting them from damage, they consist of thermal overload relays, which monitor the motor’s current and trip the circuit if it exceeds a set limit. This ensures that the motor operates within safe limits, preventing overheating and potential burnouts due to these factors motor starters are widely utilized in the automotive industry and account for a major share of the motor starter market.
By region, Asia Pacific is projected to have a notable CAGR throughout the projection period due to the increasing automotive production in the region. For instance, according to the Society of Indian Automobile Manufacturers, in the financial year 2023, the total production of passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles was 2,10,40,248 units. According to the International Energy Agency, electric vehicle sales in India and Indonesia tripled in 2022, with a 1.5% share of total sales. In addition, China leads the market, accounting for 60% of global electric vehicle sales in 2022.
As a part of the report, ABB Inc., Bosch Limited (Robert Bosch), Emerson Electric Co., Fuji Electric Co. Ltd., Hubbell Incorporated, Rockwell Automation, Schneider Electric, and Siemens are significant market players in the motor starter market.
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This analytics report segments the motor starter market as follows:
- By Type
- Manual Starter
- Magnetic Motor Starter
- Rotor Resistance Starter
- Direct-On-Line Starter
- By Technique
- Full Voltage Technique
- Multispeed Technoque
- Bidirectional Starter Technique
- By End-User
- Electrical & Electronics
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America