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Soft Starter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global soft starter market reached a value of US$ 1.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.56 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.   

 

 
 

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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, along with forecasts at the global, regional and country level from 2022-2027. 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:

 

 
 

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  • 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:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global soft starter market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global soft starter market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global soft starter market and who are the key players?
  • What is the degree of competition in the industry?

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
        14.3.13    Toshiba International Corporation (Toshiba Corporation)
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: Soft Starter Market: Major Drivers and Challenges
Figure 2: Global: Soft Starter Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Soft Starter Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Soft Starter Market: Breakup by Type (in %), 2021
Figure 5: Global: Soft Starter Market: Breakup by Application (in %), 2021
Figure 6: Global: Soft Starter Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Soft Starter Market: Breakup by Region (in %), 2021
Figure 8: Global: Soft Starter (Low Voltage Soft Starter) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Soft Starter (Low Voltage Soft Starter) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Soft Starter (Medium to High Voltage Soft Starter) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Soft Starter (Medium to High Voltage Soft Starter) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Soft Starter (Pumps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Soft Starter (Pumps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Soft Starter (Fans and Blowers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Soft Starter (Fans and Blowers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Soft Starter (Compressors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Soft Starter (Compressors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Soft Starter (Mining and Metal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Soft Starter (Mining and Metal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Soft Starter (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Soft Starter (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Soft Starter (Energy and Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Soft Starter (Energy and Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Soft Starter (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Soft Starter (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Soft Starter (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Soft Starter (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Soft Starter Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Soft Starter Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Soft Starter Market Forecast: Sales Value (in Million US$), 2022-2027
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

List of Tables

Table 1: Global: Soft Starter Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Soft Starter Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Soft Starter Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Soft Starter Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Soft Starter Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Soft Starter Market: Competitive Structure
Table 7: Global: Soft Starter Market: Key Players

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