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Motor Soft Starter Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: February 2024 || SKU: ICT5182
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Global Motor Soft Starter Market is Segmented By Voltage (Low Voltage Motor Soft Starter Market, Medium Voltage Motor Soft Starter Market), By Rated Power (KW) (Motor Soft Starter With Rated Power Up to 100 KW, Motor Soft Starter With Rated Power Above 100 KW), By Application (Pumps, Fans, Compressors, Applications), By End-User (Oil & Gas, Water & Wastewater, Power Generation, Mining, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Motor Soft Starter Market Overview

The global motor soft starter market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2024-2031.

Motor Soft Starter Market Scope 

Metrics

Details

Market CAGR

High

Segments Covered

By Voltage, By Rated Power, By Application, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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A motor soft starter is used with AC electrical motors to lessen the load and torque in the powertrain and the motor's electric current spike during startup. Connecting a motor soft starter decreases mechanical and electrodynamic stresses on the motor and shaft, electrical distribution network, and the attached power cables, extending the system's lifespan.

A motor soft starter might be made up of mechanical or electrical components. Similar to other torque limiters, mechanical soft starts include clutches and numerous types of couplings that use fluid, magnetic forces, or steel shot to transmit torque.

Electrical soft starts can be any control system that reduces torque by momentarily lowering the voltage or current input or a device that briefly changes how the motor is linked in the electric circuit. During the startup period, a soft starter continually adjusts the power supply to the motor. The motor is then tuned to the load behavior of the machine. The mechanical functioning equipment is smoothly accelerated. The respective factor extends the service life of the equipment, improves operating behavior, and streamlines workflows. Solid-state devices are often employed in electrical soft starters to control current flow. As a result, the voltage delivered to the motor can be connected in series with the motor's line voltage or inside the delta () loop of a delta-connected motor, controlling the speed.

Source: DataM Intelligence Analysis (2022)

Motor Soft Starter Market Dynamics and Trends

Growing industrial automation tends to act as a  major market driver that propagates the market's growth. However, the market's growth is disrupted extensively by variable frequency drive's functional superiority and competitive pricing.

Growing industrial automation

Enterprise automation is no longer what it was a few years ago and has now extended far beyond simple robots and virtual assistants that automate back-office work. Full-fledged enterprise automation tools that assist make educated decisions, streamlining operations, and improving customer experience are becoming more common in today's industries. In most firms, automation is at the heart of digital transformation efforts. Although automation was once connected to the manufacturing industry, it has penetrated practically every industry.

 Soft starts have transitioned to digital technology, including microprocessors, to provide customers with various additional capabilities and features. Many soft starts now have network capabilities, allowing them to link to plant control systems and send data to a central database via communication channels. The incorporation of digital technology into soft starters is assisting suppliers in the development of compact, modular soft starters that are designed for customer flexibility, i.e., these soft starters will be able to provide advanced monitoring and protection, superior communications capabilities, and an "energy saver" mode that will help increase efficiency and reduce downtime.

Due to the advancements and integration of modern technologies such as AI and IoT in motor soft starters, the respective market receives an extensive boost to the prospect of industrial automation. Vice versa, the increasing automation in industries could boost the demand for motor soft starters. Therefore the respective factor could be recognized as a market driver.

COVID-19 Impact on Motor Soft Starter Market Growth

As a result of COVID-19, countries were forced to implement lockdowns during the first half of 2020. As a result, the motor soft starter industry has reached a halt. All activity linked with the manufacture and supply of non-essential items was halted and federal and municipal governments placed severe limitations. COVID-19 also has had a detrimental impact on the motor soft starter industry since end-user operations were halted, preventing the power industry from expanding, which has spilled over into the industrial sector, reducing demand for soft motor starters.

Because of the global closure and supply chain issues, the spread of COVID-19 is projected to have a detrimental impact on motor soft starter manufacturers. Due to supply scarcity, the cost of obtaining raw materials increased, causing order fulfillment delays. On the other hand, the market will be fully functional once the end-user sectors are fully functional.

Motor Soft Starter Market Segment Analysis

The global motor soft starter market is classified based on voltage, rated power (KW), application, end-user, and region.

Increasing affinity toward offshore mining triggered by the rising energy demand

Oil & gas offshore and onshore industries benefit from motor soft starter technology. The lower start current reduces electrical supply stress, which is especially beneficial for remote applications like offshore oil rigs or isolated pumping stations.

The onshore segment has dominated the EPC market in the oil and gas upstream industry, owing to reduced investment requirements, lower complexity, easier access to sites, and lower risk, as compared to the offshore segment. Due to rising oil prices, the respective oil & gas industry market is fueled by increased upstream spending.

As per the International Energy Agency (IEA), global natural gas demand is predicted to increase by 370 billion cubic meters (bcm) by 2022, up from 3,630 bcm in 2016, reflecting a 1.6 percent annual growth rate between 2016 and 2022. The increasing investment in the oil and gas sector is expected to increase demand for soft starters, boosting market growth.

Additionally, the increasing number of oil & gas projects in various nations with substantial oil reserves and oil sand resources could present the market with solid growth possibilities in the coming years.

.

Source: DataM Intelligence Analysis (2022)

Motor Soft Starter Market Geographical Analysis

The expansion of the mining, manufacturing, and industrial sectors in Asia-Pacific countries

Given Asia-Pacific's cost-sensitive nature, the threat of alternatives is low, as VFDs are cost-prohibitive and major prospects are projected to emerge from China, India, and Japan's growing manufacturing and industrial sectors. The large mining sector is expected to see a rise in demand for motor soft starts. Given the ergonomics in place, a change to intelligent starters will encourage players to keep up the pace of innovation.

Another factor pointing to a bright future for the region's motor soft starter market is the growing number of government programs in developing countries to provide basic sanitation and water to even the most remote households. The respective measures have resulted in an increase in pump sales and the demand for motor soft starters.

Further, as the major market players in the region, their efforts on portfolio diversification, with 'quality and efficiency at the forefront of development. The factor above has further opened up investment chances in the Asia-Pacific area.

 

Source: DataM Intelligence Analysis (2022)

Motor Soft Starter Companies and Competitive Landscape

The global motor soft starter industry is extremely active in terms of the number and scope of global and local producers. Due to the existence of various producers such as ABB Ltd, Siemens AG, Eaton Corporation PLC, Schneider Electric SE, General Electric Company, Emerson Electric Co, Rockwell Automation, Inc, Littelfuse Inc, WEG SA, and Crompton Greaves Limited, the market has been described as fragmented. Mergers, acquisitions, product launches, investments, and partnerships are common market tactics used by significant market participants to gain a competitive advantage and notoriety in their respective industries.

Siemens AG

Overview: Siemens AG offers power and energy solutions to companies in the energy and electricity industry. The company develops and builds fossil fuel power plants and power-generating components, as well as offers gas turbines, steam turbines, generators, gas turbine packages, steam turbine packages, compressors, fans, instrumentation and controls, electrical systems, wind turbines, fuel cells, fuel gasifiers, turbochargers, and environmental systems. The company serves power, oil, and gas, air separation, building complexes, ceramics, chemicals, food and beverage, manufacturing, marine, metals, pulp and paper, textiles, and sugar industries. The company is based in Erlangen, Germany, with locations in Canada, Mexico, the United States, Brazil, Saudi Arabia, China, and other countries

Product Portfolio:

  • 3RW soft starters: SIRIUS Hybrid 3RW soft starters are the optimum choice when direct-on-line or star/delta starting is not suited for three-phase motors as mechanical impacts, or voltage dips can often cause problems. The respective soft starters have excellent, intelligent capabilities and are available in a wide range of sizes and functionalities, providing a gentler alternative for practically any application.

Key Development:

  • On August 14, 2020, Siemens AG unveiled the Sirius 3RW55 Failsafe, the company's first soft starter with integrated safe torque-off capabilities. The product includes a built-in fail-safe digital input that connects directly to an emergency stop button. The respective feature ensures that the motor comes to a full stop if an operator initiates an emergency shutdown. The motor remains in this state until it is restarted via the interlock. With the introduction of this new motor soft starter, the company hopes to broaden its product portfolio.

Why Purchase the Report?

  • To visualize the global motor soft starter market segmentation voltage, rated power (KW), application, end-user, and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities in the global motor soft starter market by analyzing trends and co-development.
  • Excel data sheet with numerous data points of motor soft starter market-level with four segments.
  • PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
  • Product mapping available as excel consisting of key products of all the major market players

The global motor soft starter market report would provide approximately 70 tables, 67 figures, and almost 212 pages.

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