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Global Soft Starter Market to grow at a CAGR of 6.35% during the period 2017-2021

Press Release   •   Aug 02, 2017 06:07 EDT

About Soft Starter

Soft starters are devices that are used to protect motors from large current fluctuation or inrush. The current inrush or spikes affect the performance of the medium and low voltage motors. Soft starters help in a smooth start and stop functionality of motors, which in turn increases the motors work life and the overall efficiency of the motors. The starting time for motors depends on the initial load, inertia, and torque. As in most cases, the starting current is higher than the rated operational current of the motors, it becomes essential for having a proper motor control center (MCC) in place, which can provide an adequate supply of current/voltage for the smooth functioning of the motors.

Technavios analysts forecast the global soft starter market to grow at a CAGR of 6.35% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global soft starter market for 2017-2021. To calculate the market size, the report considers new installation sales.
The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Soft Starter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors

ABB

Eaton

Rockwell Automation

Schneider Electric

Siemens

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Other prominent vendors

CG Power and Industrial Solutions

Danfoss

Emerson

Fairford Electronics

General Electric

Littelfuse

Toshiba

WEG

Market driver

Less supervision required due to built-in software

For a full, detailed list, view our report

Market challenge

Popularity of variable frequency drives

For a full, detailed list, view our report

Market trend

Requirement of miniature drives for harsh environment

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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