According to the report by Expert Market Research (EMR), the global soft starter market size is projected to grow at a CAGR of 5.80% between 2024 and 2032. Aided by the rising adoption of industrial applications to safeguard machinery from damage due to sudden voltage surges and the overarching need to reduce energy consumption during startup, the market is expected to grow significantly by 2032.
A soft starter is an electronic device that smoothly starts and stops AC electric motors by controlling the voltage applied to the motor. The prime function is to prevent sudden power surges, which can lead to mechanical shocks in electric systems, and therefore, extend the longevity of the motor. This makes it an integral component in several machinery and industrial equipment, ensuring optimal operational efficiency and minimising wear and tear.
One of the key factors catalysing the soft starter market growth is the increasing emphasis on energy conservation. With industries looking to cut down energy consumption, especially during the motor start-up phase, soft starters are gaining preference due to their ability to regulate and limit the electric current surge, which, in turn, curtails the energy used during the initiation phase of motors.
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Furthermore, the digital transformation wave across industries has ushered in an era where automation is at the forefront. As per the soft starter market analysis, the integration of soft starters with advanced control systems in automated plants has become more prevalent. This amalgamation ensures smoother operations, reduces mechanical stress on shafts and gears, and mitigates the risk of system downtimes, hence propelling the demand for soft starters in automation-centric sectors.
Another avenue fostering the market’s expansion is the rising demand in sectors like water and wastewater treatment. Soft starters are increasingly employed in pump applications, ensuring a surge-free smooth start, preventing water hammering, reducing the chances of pipeline damage, and further contributing value to the soft starter market size. Such applications across various industries have broadened the scope and application of soft starters.
The HVAC industry is another prominent end-user of soft starters, especially in large commercial buildings and industrial setups. These devices optimise the startup process of HVAC systems, leading to enhanced efficiency, and ensuring that the systems don’t draw excessive power during initiation, which further propels the soft starter market demand.
Soft Starter Market Segmentation
The market can be divided based on end-user industry and region.
Market Breakup by End User Industry
- Mining and Metal
- Food and Beverage
- Energy and Power
- Oil and Gas
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Soft Starter Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global soft starter market. Some of the major players explored in the report by Expert Market Research are as follows:
- Siemens AG
- Schneider Electric SE
- Eaton Corporation plc
- Rockwell Automation, Inc.
- ABB Ltd.
- Danfoss A/S
- Others
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