The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Motor Soft Starter Market is likely to witness an impressive CAGR of 6.0% during the forecast period. Surge in demand for industrial pumps, growing employment of electric motors in major industries, increasing investments in oil & gas, water & wastewater treatment projects globally, are the key factors underpinning the growth of the market during the forecast period.
Request a Sample herehttps://www.stratviewresearch.com/Request-Sample/1080/motor-soft-starter-market.html#form
Segment Analysis
By Voltage Type
Based on the voltage type, the motor soft starter market has been segmented as low voltage and medium voltage. The low voltage segment is expected to hold the larger share of the market during the forecast period due to the adoption of low voltage motors by various process industries. Further, industries such as metal & mining, oil & gas, chemical & petro chemical, water & waste water, cement & manufacturing, power generation, and food & beverages are using low voltage motor soft starters, which is driving the growth of the segment.
By Rated Power Type
Based on the rated power type, the market is segmented as 750 W, 751 W–75 kW, and Above 75 kW segments. The 751 W–75 kW segment is likely to dominate the market during the forecast period. The growth of the segment is attributed by the growth in oil & gas and desalination projects and also the increasing investments that are being made on the same.
By Application Type
Based on the application type, the market is segmented as pump, fan, compressor, and others. The pump segment is estimated to govern the market during the forecast period as pumps are extensively used in process industries, such as oil & gas and power generation. The segment is playing an essential role in limiting the voltage supply to the motor.
By Industry Type
Based on the industry type, the market is segmented as oil & gas, power generation, water & waste water, mining and others. The oil & gas segment is expected to lead the market during the forecast period owing to rise in upstream spending in response to surge in prices of oil.
By Region
In terms of regions, Asia-Pacific is estimated to dominate the motor soft starter market during the forecast period due to rising investment in industrialization, construction, and power generation. Countries, such as China, India, and Japan are expected to register the fastest growth, driven by the increasing demand for electricity and power generation capacity. North America and Europe are also showing keen interest in the motor soft starter market and offer lucrative growth opportunities during the forecast period.
to growing government investments in arms & ammunitions to strengthen its defense forces during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Motor Soft Starter Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
