Global Motor Starters Market 2016-2020

Global outlook of the motor starters market

Technavio’s market research analysts predict that the global motor starters market will grow steadily at a CAGR of almost 5% by 2020. This industry research report identifies the need to reduce power consumption and increase motor efficiency to be one of the major factors having a positive impact on the growth of the electric motor starter market in the coming years. With the rising energy costs becoming one of the major concerns for countries across the world, reducing power consumption is one of the key strategies followed by businesses across the world to increase their profit margins. It has been observed that electric motors account for the major shares for energy consumption in industries.  This, in turn, will lead to an augmented demand for increasing the efficiency of these motors by controlling the speed using industrial motor starters.

The use of motor control centers that consist of an assembly of motor starters that are connected through multi-core cables protects motors from overload and voltage imbalances and helps operators to predict the status of the motors, thus, preventing damage. Also, the need to reduce maintenance costs and machine downtime that induced industries to automate their business processes will also result in the adoption of motor control centers or MCC in the coming years. Much of this demand can be attributed to its ability to ensure higher safety standards by allowing the operator to monitor several motors from a centralized location.

Competitive landscape and key vendors

This global market is characterized by the presence of a small number of motor starters manufacturers who occupy a large market share and is dominated by key vendors such as ABB, Rockwell Automation, Siemens, and Danfoss. The market is highly capital-intensive, which makes it difficult for new market players to enter the industry. Well-established players are currently facing a major threat due to the introduction of counterfeit products, especially from countries in APAC. To enhance their customer base and increase revenues, motor starter manufacturers such as GE have started conducting awareness programs to educate consumers as well as retailers about counterfeit motor starters.

The leading vendors in the market are -

• ABB
• Danfoss
• Rockwell Automation
• Siemens

The other prominent vendors in the market are Allied Motion Technologies, ARC Systems, Emerson Electric, Franklin Electric, Fuji Electric, Huali, IMO precision Controls, Schneider Electric, TECO-Westinghouse, Toshiba, WEG, and Yaskawa.

Segmentation by end-users and analysis of the motor starters market

• Oil and gas industry
• Mining industry
• Power industry
• Automotive industry

During 2015, the oil and gas industry accounted for the major market share and dominated the motor starters market. Factors such as increased investments from the major oil and gas companies and the growth of the industrial sector in the developing economies such as China, India, Malaysia, Indonesia, and Brazil that results in the demand for crude oil and natural gas will drive the growth of the electrical motor starters market in this end-user segment.

Geographical segmentation and analysis of the motor starters market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the forecast period. The availability of vast reserves of metals and minerals in the region and the implementation of new regulations by the Middle Eastern countries will attract more enterprises to invest in the mining industry, thus, driving market growth. Moreover, the increased focus of governments in this region towards the construction of smart grids and the development of smart grid technologies will also propel the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global motor starters market?
• What are the key market trends impacting the growth of the global motor starters market?
• What are the challenges to market growth?
• Who are the key vendors in the global motor starters market?
• What are the market opportunities and threats faced by the vendors in the global motor starters market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global motor starters market?

Technavio also offers customization on reports based on specific client requirement.

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