Three Phase Automatic Motor Starter Market
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The global three phase automatic motor starter market size was valued at USD 2.1 billion in 2023 and is estimated to grow at a CAGR of 5.1% from 2024 to 2032. Rising concerns over energy consumption and growing demand for enhanced efficiency devices will drive the industry dynamics. The shift toward compact, reliable and user-friendly designs combined with the expansion of urban areas in emerging economies will proliferate the adoption of these units.
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| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Three Phase Automatic Motor Starter Market size in 2023: | USD 2.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 5.1 |
| 2023 Value Projection: | USD 3.2 Billion |
| Historical Data for: | 2021 - 2023 |
| No of Pages: | 125 |
| Tables, Charts & Figures: | 40 |
| Segments Covered: | Voltage, Application and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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The three phase automatic motor starter is a device that can start and stop the three-phase electric motors automatically. It automates the process of managing motor operation and safeguards against over- and under-load, short-circuits, and phase failure. In addition, growing integration of smart automation and IoT systems, enabling remote monitoring & control of motor performance, is driving the adoption of motor starter in commercial and residential settings.
The industry is poised for growth owing to rapid urbanization, infrastructure development, and a strong focus on energy efficiency and automation. Increasing utilization of these motors in residential applications including HVAC systems, small pumps and home automation is further enhancing the industry landscape. In addition, their ability to offer protection and operational efficiency at a low cost makes them a preferred choice for small to medium sized commercial facilities, thereby driving the demand for automatic motor starter.
The medium voltage three phase automatic motor starter industry will exceed USD 1 billion by 2032. The automation adoption in the utilities and manufacturing sectors, as well as the improvement of energy management practices, will have a positive impact on the industry dynamics. A growing emphasis on energy-efficient systems to meet regulations and lower carbon footprints combined with a focus on safer electrical systems will further energize the business landscape. Additionally, ongoing expansion of new buildings in key regions coupled with continuous modernization of aging power infrastructure will drive the industry growth.
The industrial three phase automatic motor starter market is anticipated to grow at a CAGR of over 4.5% by 2032. The industry is experiencing strong growth driven by their lower complex power requirement and lower cost. Increasing demand from small & medium enterprises in key geographies along with the incorporation of power factor correction and soft start features to enhance energy efficiency will drive the business expansion. Additionally, government and regulatory authorities in key regions are actively promoting energy-efficient industrial solutions in association with growing requirement of these units in HVAC systems will stimulate the product penetration.
U.S. three phase automatic motor starter market is set to grow over USD 400 million by 2032. The market is poised for significant growth fueled by the rising adoption of these systems in small to medium agricultural, industrial, and residential applications. Advances in technology including automated smart control systems and digital interfaces which enable less downtime and improve diagnosis are leading to the industry growth. Furthermore, urbanization and infrastructure development projects in accordance with the requirements for business operations in pumping stations, irrigation systems, and small industries, are driving the business outlook.
The Asia Pacific region is witnessing significant growth owing to the automation and modernization of existing industrial facilities. The development of smart grids and the incorporation of energy-efficient technologies along with advancement in safety features comprising of overload protection & short-circuit prevention will enhance the business opportunities. Additionally, conducive government policies and strategies on the adoption of efficient electrical systems and growing public and private investments on infrastructure development are creating a favorable business environment.
The competition in the three phase automatic motor starter industry is intense, characterized by a mix of established manufacturers including Siemens, Schneider Electric, and ABB, along with emerging companies that offer cost-competitive alternatives. The major competitive elements are technological innovations such as specific energy efficiency measures and smart control systems which enhance product differentiation. Different pricing strategies are used, as established actors prefer the value-based method of pricing whereas, as is often the case, smaller firms use lower prices to gain market share.
Major players operating in the three phase automatic motor starter industry are:
Market, By Voltage
Market, By Application
The above information has been provided for the following regions and countries:
The U.S. market for three-phase automatic motor starters is predicted to hit USD 400 million by 2032, propelled by the rising adoption of these systems in small to medium-sized agricultural, industrial, and residential applications.
The major players in the three-phase automatic motor starter industry include ABB, CHINT Group, CS Electric, Danfoss, Eaton, Emerson Electric, Fuji Electric, Havells India, Kalp Controls, L & T Electrical and Automation, Lovato Electric, Mitsubishi Electric, Mivan Technologies, Rockwell Automation, Schneider Electric, Siemens, SKN-Bentex Group, WEG.
The industrial segment of the three-phase automatic motor starter market is anticipated to grow at a CAGR of over 4.5% through 2032, due to the segment's simpler power requirements and cost-effectiveness.
The global market for three-phase automatic motor starters was reached USD 2.1 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2032, driven by increasing concerns over energy consumption and a rising demand for devices that offer enhanced efficiency.
The medium voltage segment of the three-phase automatic motor starter market is expected to exceed USD 1 billion by 2032, influenced by the increasing adoption of automation in utilities and manufacturing sectors, along with improvements in energy management practices.