According to the global Soft Starter market report by IMARC Group, the market reached a value of US$ 1.87 Billion in 2021, and it is projected to reach a value of US$ 2.56 Billion by 2027, exhibiting a CAGR of 5.10% during 2022-2027.
What is Soft Starter ? How Big is Soft Starter Market?
Soft starters, also known as reduced voltage starters, refer to solid-state devices that work on the principle of thyristor, which allows current to flow in one direction. They help protect the electronic equipment, prolong the lifespan of mechanical components, eliminate motor heating, and prevent bumps by temporarily reducing inrush currents and limiting torque in the powertrain during startup. They are commercially available in low, medium, and high-voltage types. They provide enhanced efficiency and regulated startup to ensure smooth starting. As a result, soft starters are widely used to maintain a three-phase voltage supply in pumps, fans, and compressors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Soft Starter Market Trends and Drivers:
The global soft starter market is primarily driven by the surging product adoption across various industry verticals due to the growing demand for industrial pumps and electric motors. Additionally, the rising use of soft starters for heating, ventilation, and air conditioning (HVAC) applications on account of the increasing construction activities is positively influencing the market growth.
Moreover, the development of soft starters in compact, flexible and modular designs through the extensive integration of various digital solutions, which offers improved protection, superior communication capabilities, increased efficiency, and reduced downtime, has catalyzed the market growth. Furthermore, there has been widespread adoption of soft starters in data centers as they help reduce the inrush current required for operating the systems.
In line with this, several favorable initiatives undertaken by governments of numerous countries for investing in wastewater projects, wherein soft starters are used in pumps and coolers to ensure access to clean water, are contributing to market growth. Other factors, including the rising demand for industrial pumps, rapid expansion in the construction industry, and surging awareness about the benefits of soft starters, are also anticipated to drive the market further.
Soft Starter Market Report Scope
| Report Coverage | Details |
| Forecast Period | 2022-2027 |
| Base Year | 2021 |
| Market Size in 2021 | US$ 1.87 Billion |
| Market Size in 2027 | US$ 2.56 Billion |
| CAGR | 5.10% |
Global Soft Starter Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, 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
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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