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Report
Soft Starter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 142 Pages I IMARC Group
The global soft starter market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Soft starter, or reduced voltage starters, refer to an additional device that operates on the working principle of thyristor, which allows the conduction of current to flow in one direction. They aid in reducing the inrush currents and limiting torque temporarily in the powertrain during startup, which, in turn, assists in protecting the electronic equipment, extending mechanical components lifespan, eliminating motor heating, and preventing bumps. Apart from this, soft starters offer improved efficiency and controlled startup to ensure smooth starting, due to which it is extensively used in maintaining a three-phase voltage supply in pumps, fans, and compressors. Currently, soft starters are commercially available in low, medium, and high voltage types.
Soft Starter Market Trends:
One of the key factors primarily driving the soft starter market growth is the widespread product adoption across various industrial verticals due to the growing demand for industrial pumps and electric motors. In addition to this, the rising ongoing construction activities has intensified the deployment of a soft starter for heating, ventilation, and air conditioning (HVAC) applications, which is propelling the market growth. This is further supported by the growing product application in data center market, which aids in reducing the inrush current required for operating the systems. In line with this, numerous favorable initiatives being undertaken by the government bodies of several countries for investing in wastewater projects, wherein soft starter is incorporated in pumps and coolers to ensure access to clean water is acting as another growth-inducing factor. Additionally, the large-scale integration of various digital solutions has enabled the development of soft starter in compact, flexible, and modular designs, which further offers various advanced features and functions to consumers and suppliers, including enhanced protection and superior communication capabilities, increased efficiency, and reduced downtime. This, in turn, is inflating the overall sales of the product across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soft starter market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end use industry.
Breakup by Type:
Low Voltage Soft Starter
Medium to High Voltage Soft Starter
Breakup by Application:
Pumps
Fans and Blowers
Compressors
Breakup by End Use Industry:
Mining and Metal
Food and Beverage
Energy and Power
Oil and Gas
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., AuCom Electronics Ltd. (Benshaw Inc), Carlo Gavazzi Holding AG, CG Power and Industrial Solutions, Danfoss Group, Eaton Corporation PLC, Littelfuse Inc., OMRON Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and SOLCON.
Key Questions Answered in This Report
1. What was the size of the global soft starter market in 2022?
2. What is the expected growth rate of the global soft starter market during 2023-2028?
3. What are the key factors driving the global soft starter market?
4. What has been the impact of COVID-19 on the global soft starter market?
5. What is the breakup of the global soft starter market based on the type?
6. What is the breakup of the global soft starter market based on the application?
7. What is the breakup of the global soft starter market based on the end use industry?
8. What are the key regions in the global soft starter market?
9. Who are the key players/companies in the global soft starter market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Soft Starter Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Low Voltage Soft Starter
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medium to High Voltage Soft Starter
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Pumps
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Fans and Blowers
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Compressors
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Mining and Metal
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food and Beverage
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Energy and Power
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Oil and Gas
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 AuCom Electronics Ltd. (Benshaw Inc)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Carlo Gavazzi Holding AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 CG Power and Industrial Solutions
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Danfoss Group
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Eaton Corporation PLC
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Littelfuse Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 OMRON Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Rockwell Automation Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Schneider Electric SE
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Siemens AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 SOLCON
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Soft Starter Market: Major Drivers and Challenges
Figure 2: Global: Soft Starter Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Soft Starter Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Soft Starter Market: Breakup by Type (in %), 2022
Figure 5: Global: Soft Starter Market: Breakup by Application (in %), 2022
Figure 6: Global: Soft Starter Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Soft Starter Market: Breakup by Region (in %), 2022
Figure 8: Global: Soft Starter (Low Voltage Soft Starter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Soft Starter (Low Voltage Soft Starter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Soft Starter (Medium to High Voltage Soft Starter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Soft Starter (Medium to High Voltage Soft Starter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Soft Starter (Pumps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Soft Starter (Pumps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Soft Starter (Fans and Blowers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Soft Starter (Fans and Blowers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Soft Starter (Compressors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Soft Starter (Compressors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Soft Starter (Mining and Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Soft Starter (Mining and Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Soft Starter (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Soft Starter (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Soft Starter (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Soft Starter (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Soft Starter (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Soft Starter (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Soft Starter (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Soft Starter (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Soft Starter Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Soft Starter Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Soft Starter Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Soft Starter Industry: SWOT Analysis
Figure 78: Global: Soft Starter Industry: Value Chain Analysis
Figure 79: Global: Soft Starter Industry: Porter's Five Forces Analysis
Table 1: Global: Soft Starter Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Soft Starter Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Soft Starter Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Soft Starter Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Soft Starter Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Soft Starter Market: Competitive Structure
Table 7: Global: Soft Starter Market: Key Players
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