Soft Starter Market Overview, Growth Opportunities, Cost Structure Analysis and Forecast to 2025
Los Angeles, CA -- (SBWire) -- 01/03/2019 --This report studies the Soft Starter market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Soft starters are devices that are used to protect motors from large current fluctuation or inrush. The current inrush or spikes affect the performance of the medium and low voltage motors. Soft starters help in a smooth start and stop functionality of motors, which in turn increases the motors work life and the overall efficiency of the motors. The starting time for motors depends on the initial load, inertia, and torque. As in most cases, the starting current is higher than the rated operational current of the motors, it becomes essential for having a proper motor control center (MCC) in place, which can provide an adequate supply of current/voltage for the smooth functioning of the motors.
During 2017, the pumps segment accounted for the major shares of this market due the increasing demand from the end users. The soft starters limit the initial spike or high voltage, which will help in regulating the voltage and providing better control over the acceleration of pumps. This will help manufacturers to ease the process and reduce the wear and tear of motors. The increasing installation of pumps will help in the growth of the soft starters market during the coming years.
The oil and gas industry will contribute to the major shares of the soft starter market. The increasing investments and the rising number of pipelines in regions such as APAC and EMEA will increase the installation of soft starters in the oil and gas industries. Additionally, government regulations for the usage of equipment for carbon footprints has also leveraged the use of soft starters since it will increase the overall efficiency of the production process.
The global Soft Starter market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Soft Starter in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Siemens
ABB
Schneider Electric
Rockwell
Emerson
Eaton
GE
Toshiba
Mitsubishi Electric
Danfoss
Solcon
Omron
AuCom
WEG
RENLE
Hpan
Aotuo
Emotron (CG)
Benshaw
Carlo Gavazzi
ZIRI Electrical
CHINT
Delixi
Westpow
Motortronics
Andeli
CNYH
Jiukang
By the product type, the market is primarily split into
Low Voltage Soft Starter
Medium to High Voltage Soft Starter
By the end users/application, this report covers the following segments
Oil & Gas
Water & Wastewater
Power Generation
Mining
Other
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