DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Motor Soft Starter Market - Global Forecast to 2022" report to their offering.
The global motor soft starter market is projected to grow at a CAGR of 6.08% from 2017 to 2022, to reach a market size of USD 1.84 Billion by 2022.
The growing demand for industrial pumps and HVAC systems have boosted the demand for motor soft starters. In addition, the growth of water & wastewater industry in regions, such as Asia-Pacific and the Middle East & Africa, would further aid the growth of this market. The functional superiority and cost competitiveness of VFDs would act as a restraint for the growth of the motor soft starter market.
Based on the type of application, the pump segment is estimated to be the largest and fastest growing market from 2017 to 2022. Pumps find their applications in industries such as oil & gas, chemicals & petrochemicals, cement, and paper & pulp. Pumps are critical for various industrial applications and majority of applications does not require a speed control. The rising application of pumps in these industries and the demand for motor soft start & stop applications would drive the motor soft starter market during the forecast period.
- ABB Ltd.
- Carlo Gavazzi Holding AG
- Crompton Greaves Ltd.
- Danfoss A/S
- Eaton Corporation, PLC
- Emerson Electric Co.
- Fairford Electronics Ltd.
- General Electric Company
- Littelfuse, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
- Toshiba International Corporation Pty Ltd
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Motor Soft Starter Market, By Voltage
7 Motor Soft Starter Market, By Rated Power
8 Motor Soft Starter Market, By Application
9 Motor Soft Starter Market, By Industry
10 Motor Soft Starter Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/db3jhx/motor_soft