The global motor soft starters market is poised to surpass US$ 2.3 billion by 2023. Industry experts view the motor soft starter market as a lucrative return on investment (ROI) arena and have adopted an 'investment for expansion' approach.
Substantial portions of their earnings are being directed into research and development (R&D) endeavors, focusing on introducing intelligent motor soft starters leveraging IoT technology.
Undoubtedly, the Fourth Industrial Revolution is propelling market participants towards diversifying their product offerings to realize comprehensive automation, expanding the overall market at a CAGR of 4.8% through 2033 to reach US$ 3.7 billion.
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Key Market highlights
Increasing Adoption of HVAC Systems
The increasing need for heating, ventilation, and air conditioning (HVAC) systems in various residential, commercial, and industrial sectors is driving the adoption of motor soft starters. HVAC systems require precise control of motors to ensure energy efficiency and operational effectiveness. Motor soft starters enable smooth and efficient motor operation in HVAC applications.
The Future of Energy is Recording Profits
Oil and gas and power generation industries are gaining traction in the motor soft starters market. The soft starters minimize the inrush and enhance the effectiveness of the motor. Its influential role in the energy market is gaining the attention of several leading manufacturers. For instance, the Roanoke expansion project of the plantation pipeline that started in 2018 is open to provide refined petroleum products.
Motor Soft Starters Market Estimated Value (2023)
US$ 2.3 billion
Motor Soft Starters Market Estimated Value (2033)
US$ 3.7 billion
Motor Soft Starters Market Value CAGR (2022 to 2033)
4.8% CAGR
Motor Soft Starters Market Outlook 2023 to 2033 in Comparison to Growth Registered in 2018 to 2022
The motor soft starters market is entering a transformative phase as it looks ahead from 2023 to 2033, building upon the consistent growth patterns witnessed from 2018 to 2022. This evolution is marked by a confluence of factors poised to reshape the industry landscape.
Motor Soft Starters Market Estimated Value (2018)
US$ 1.7 billion
Motor Soft Starters Market Estimated Value (2022)
US$ 2.2 billion
Motor Soft Starters Market Value CAGR (2018 to 2022)
6.3% CAGR
One of the overarching trends is a profound shift towards enhanced energy efficiency and sustainability, driven by global imperatives to reduce environmental impact and enhance industrial performance, thereby fostering a growth rate of 6.3% from 2018 to 2022.
This transition is compelling industries to adopt innovative motor soft starter technologies that optimize motor operations and align with the growing demand for greener and more sustainable industrial practices.
As per the motor soft starters market analysis by FMI, the industry is expected to get a revenue share of US$ 3.7 billion by 2033 and achieve a 4.8% CAGR from 2023 to 2033.
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Escalating Industrial Automation to Push Forward the Motor Soft Starters Market Growth
Greater Demand for Automated Processes: Increasing industrial automation necessitates the use of motor soft starters to efficiently control and manage motor-driven equipment, aligning with the demand for streamlined and automated industrial processes.
Enhanced Energy Efficiency: Motor soft starters play a crucial role in industrial automation by reducing energy consumption and minimizing mechanical stress on motors, contributing to enhanced energy efficiency, a paramount concern in automated systems.
Precision and Control: Automation requires precise control over motor operations, and soft starters provide the necessary precision and flexibility to adjust motor speed and torque, ensuring optimized performance in automated manufacturing and processing.
Integration with Control Systems: Motor soft starters can seamlessly integrate with industrial control systems, facilitating centralized monitoring and control of motors within automated setups, enhancing overall operational efficiency.
Reduced Wear and Tear: Industrial automation often involves frequent start-stop cycles, which can lead to wear and tear on motors. Soft starters mitigate this by offering gradual motor acceleration and deceleration, prolonging motor lifespan in automated environments.
Motor Soft Starter Adoption Presents Technical, Financial, and Operational Challenges
Technical Complexity: Implementing and integrating motor soft starters can be technically intricate, requiring specialized expertise and resources for installation and upkeep.
Initial Investment: The upfront cost of motor soft starters can be relatively high, presenting a financial hurdle for potential users.
Compatibility Concerns: Ensuring seamless compatibility between motor soft starters and existing motor-driven equipment can be demanding, potentially resulting in operational issues.
Market Competition: The motor soft starter market is highly competitive, posing difficulties for both established companies and newcomers seeking to establish a presence.
Regulatory Compliance: Adhering to industry-specific regulations and safety standards can be demanding, necessitating manufacturers to invest in compliance efforts.
Maintenance and Repairs: Properly maintaining and promptly repairing motor soft starters is crucial, as equipment failures can lead to costly downtime.
Education and Training: End-users may require training and guidance on the use and advantages of motor soft starters, which can be resource-intensive for manufacturers and suppliers.
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Comparative View of the Market
Future Market Insights (FMI) has compared two other markets, the electric motor market and the industrial automation market. The tables showcase each market’s estimated growth performance from 2023 to 2033. It highlights that the industrial automation market is expanding at a higher CAGR than the other two. Moreover, it signifies a greater revenue potential over the other mentioned markets.
Motor Soft Starters Market:
Attributes
Motor Soft Starters Market
CAGR (2023 to 2033)
4.8%
Market Value (2023)
US$ 3.7 billion
Future Opportunities
The growing emphasis on energy conservation provides an opportunity for motor soft starter manufacturers to cater to industries seeking energy-efficient solutions.
Key Trends
The trend toward smart motor soft starters, integrating IoT and data analytics, allows for remote monitoring, predictive maintenance, and enhanced efficiency in industrial applications.
Electric Motor Market:
Attributes
Electric Motor Market
CAGR (2023 to 2033)
6.6%
Market Value (2023)
US$ 252.6 billion
Future Opportunities
Accelerating the adoption of vehicles powered by sustainable energy sources, providing an opportunity within the electric motor market.
Key Trends
The usage of electric motors in industrial robotics, water utilities, and residential appliances are some key trends in the market.
Industrial Automation Market:
Attributes
Industrial Automation Market
CAGR (2023 to 2033)
7.2%
Market Value (2023)
US$ 81.4 billion
Growth Factors
The rising demand for safety automation products presents an opportunity for market growth by reducing uncertainty and mitigating potential risks in the industrial automation sector.
Future Opportunities
The escalating adoption of industrial automation can be attributed to the growing integration of advanced Augmented Reality (AR) technology.
Country-wise Insights
Government Initiatives for Sanitation and Water Supply in China to Drive Growth
The market for motor soft starters in China is to be at the forefront of the global market, with an anticipated market share of about US$ 700.9 million by 2033, advancing at a 4.6% growth rate from 2023 to 2033.
China Market Share for 2033
US$ 700.9 million
CAGR (2023 to 2033)
4.6%
China is a cost-sensitive nation, and the threat of alternatives is minimal as VFDs are by their very nature prohibitively expensive, and large opportunities are projected to arise from China's expanding manufacturing and industrial sectors.
The increase in government initiatives conducted in developing countries to ensure good sanitation and water delivery to the remotest of families demonstrates a hopeful picture for the country's motor soft starter industry. These activities have led to an increase in pump sales, which has also had an impact on the demand for motor soft starters.
Crompton Greaves Ltd. and Toshiba Corporation, two market participants active in the nation, focus their efforts on portfolio diversification with ‘quality and efficiency’ at the forefront of development.
These companies, however, struggle to produce new goods on schedule, which gives other companies the chance to invest in the nation and dominate the motor soft starter industry with faster turnaround times.
Substantial Investments in Automation Fueling the Market in the United States
The United States is on an accelerated growth trajectory of around 4.7% during the forecast period and is expected to maintain its commanding position in the motor soft starter market with a revenue share of US$ 640 million by 2033.
The United States Market Share for 2033
US$ 640 million
CAGR (2023 to 2033)
4.7%
This enduring dominance can be attributed to the substantial presence of motor soft starter manufacturers within the country. Furthermore, the industry stands to benefit significantly from the escalating investments in automation, particularly in the oil & gas exploration sector and manufacturing plants.
These investments are poised to drive substantial growth in the United States motor soft starter industry over the forecast period, reinforcing its leadership.
Growing Demand for HVAC Systems is Surging the Market in Japan
Japan is on an average growth trajectory of around 4.7% during the forecast period and is expected to maintain its dominance in the market with a market share of US$ 542 million by 2033.
Japan Market Share for 2033
US$ 542 million
CAGR (2023 to 2033)
4.6%
The growing applications of HVAC equipment in data centers and the construction industry result in market growth. Soft starters mitigate wear and tear on HVAC system components, such as fans and compressors, by providing gradual acceleration and deceleration, thereby extending the lifespan of these systems.
Stricter energy efficiency regulations and environmental standards are compelling HVAC system manufacturers to incorporate motor soft starters to meet compliance requirements and reduce energy consumption.
Robust Manufacturing Base Accelerating Growth in the United Kingdom
The market for motor soft starters in the United Kingdom is to be at the forefront of the global market, with an anticipated market share of about US$ 137 million by 2033, advancing at 4.5% from 2023 to 2033.
The United Kingdom Market Share for 2033
US$ 137 million
CAGR (2023 to 2033)
4.5%
Soft starter plays a crucial role in the food and beverage manufacturing process. It offers robust serviceable solutions such as accurate overload protection, cooling systems, process pumps, and conveyors.
For instance, SAF Drives Inc. offers Opal starters configured as solid-state full torque reversing. It allows manufacturing facilities to protect their equipment from a jam with a button or auto-reverse out with the reverse output signal.
Energy Efficiency Requirements
South Korea is expected to record a growth of around 4.1% during the forecast period and is expected to be worth US$ 542 million by 2033. Soft starters find various applications in the metal industry, such as mining and quarrying. According to a report, the mining sector in South Korea is expected to register a growth of 3.20% through 2028.
South Korea Market Share for 2033
US$ 158 million
CAGR (2023 to 2033)
4.1%
For instance, Brilltech Engineers is a soft starter panel manufacturer based in South Korea. These panels are used for industrial communication, modular automation, and monitoring and control devices in mining, among others.
Given the ergonomics in place, a change to intelligent starters encourages players to maintain the pace of innovation. The vast mining sector is predicted to have a greater ascent in demand for motor soft starts.
Category-wise Insights
The Low Voltage Sub-segment to Emerge as the Prominent One in the Market
By 2033, the low-voltage segment is poised to assert its dominance in the motor soft starter market, capturing substantial terms of revenue at 4.6% CAGR over the forecast period.
Top Voltage
Low
CAGR % 2018 to 2022
6.1%
CAGR % 2023 to End of Forecast(2033)
4.6%
This remarkable growth is underpinned by the burgeoning adoption of low-voltage motor soft starters across diverse industries, including but not limited to pulp and paper, food & beverage, and power supply.
The escalating deployment of automated systems and machinery across industrial sectors has emerged as a pivotal driver for the robust expansion of this segment.
Low-voltage soft starters are increasingly gaining favor across industries due to their multifaceted benefits. These advantages encompass mitigating the risk of high current surges during motor startup, thereby ensuring smoother and more controlled operations.
They play a pivotal role in minimizing mechanical stress on both motors and connected equipment, leading to prolonged equipment lifecycles and reduced maintenance costs. This surge in adoption underscores the growing recognition of low-voltage soft starters as an indispensable component in enhancing operational efficiency and reliability across various industrial applications.
As industries continue to emphasize efficiency, safety, and sustainability, the low-voltage motor soft starter segment is set to thrive as a fundamental enabler of these objectives.
Oil and Gas Segment May witness a Growth of 4.4% Through the Forecast Period
The oil and gas segment is likely to lead the end-use category in the coming years. Historically, the segment recorded a growth of 5.8% in the market. Soft starter technology benefits the oil and gas industry both offshore and onshore.
Top End Use
Oil & Gas
CAGR % 2018 to 2022
5.8%
CAGR % 2023 to End of Forecast(2033)
4.4%
The surging demand for oil and gas in developed countries with large oil reserves and resources may provide significant opportunities to the manufacturers engaged in soft starters.
According to IEA, in 2022, the demand for natural gas witnessed a growth of around 350 billion cubic meters globally. Moreover, demand for pipeline construction is lifting the motor soft starters market on a global level.
Market Players Seize Opportunities in Markets with Higher Substitute Penetration
Market players strategically target regions where substitutes for motor soft starters have a stronger presence. While motor soft starters effectively control electrical system currents, they exhibit limitations when it comes to regulating motor speed. In contrast, AC variable frequency drives (VFDs) offer comprehensive control over motor speed, allowing them to match secondary machine speeds for optimal operation precisely. This key advantage has prompted a transition from motor soft starters to VFDs.
Participants in the motor soft starter market have the potential to reshape end-user perceptions by highlighting the cost-effectiveness and space-saving attributes of their products.
As the push toward automation gains momentum, energy-efficient processes have taken the spotlight, and motor soft starters are well-positioned to play a pivotal role in achieving these objectives. Therefore, market players can leverage these advantages to maintain relevance and competitiveness in the evolving industrial landscape.
Recent Developments in the Industry:
In August 2021, Siemens AG introduced the Sirius 3RW55 Failsafe, marking the company's maiden soft starter with integrated safe torque-off features. This innovative product incorporates a fail-safe digital input directly connected to an emergency stop button, enabling the motor to come to a complete stop when the emergency shutdown is activated. The motor remains in this state until the interlock is engaged, showcasing Siemens' commitment to expanding its product portfolio.
In February 2021, Aucom Electronics Ltd. unveiled its latest addition to the soft starter line, the EMX4 advanced soft starter. This feature-packed device offers intelligent motor control and robust protection functions. It boasts Smart Card functionality, transforming it from a highly intelligent motor controller into a comprehensive system controller. Additionally, it provides motor, starter, and system protection capabilities, along with alert systems to promptly notify users of potential issues.
In January 2019, AuCom Electronics Ltd introduced the EMX4 series, representing a new generation of advanced low-voltage soft starters. These units come with advanced control and protection features, enhancing their performance.
In February 2018, Siemens AG unveiled the Sirius 3RW5 Soft Starter, designed specifically for the smooth startup of 3-phase asynchronous motors. It is engineered to meet the stringent drive requirements of such motors.
Key Players
Siemens AG
ABB Ltd
General Electric Company
Schneider Electric SA
Eaton Corporation PLC
Rockwell Automation, Inc
Emerson Electric Company
Segmentation Analysis
By Voltage:
Low
Medium
By End Use:
Oil & Gas
Mining
Power
Water & Wastewater
Other End-usesTop of Form
Frequently Asked Questions
What is the Current Motor Soft Starters Market Value?
The motor soft starters market is valued at US$ 2.3 billion in 2023.
At What Rate Did the Motor Soft Starters Market Progress from 2018 to 2022?
The motor soft starters market achieved a CAGR of 6.3% from 2018 to 2022.
What is the Projected Market Size in the United States?
The United States is anticipated to reach US$ 640 million by 2033.
What is the Anticipated CAGR of the Motor Soft Starters Market in the United Kingdom?
The market in the United Kingdom is projected to record a CAGR of 4.5% from 2023 to 2033.
Which Segment is Projected to Hold the Lead in the Motor Soft Starters Industry by Voltage?
The low-voltage soft starters sub-segment is expected to lead the motor soft starters market.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Voltage
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Voltage, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Voltage, 2023 to 2033
5.3.1. Low
5.3.2. Medium
5.4. Y-o-Y Growth Trend Analysis By Voltage, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Voltage, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End-Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End-Use, 2023 to 2033
6.3.1. Oil & Gas
6.3.2. Mining
6.3.3. Power
6.3.4. Water & Wastewater
6.3.5. Other End-Uses
6.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Voltage
8.2.3. By End-Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Voltage
8.3.3. By End-Use
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Voltage
9.2.3. By End-Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Voltage
9.3.3. By End-Use
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Voltage
10.2.3. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Voltage
10.3.3. By End-Use
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Voltage
11.2.3. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Voltage
11.3.3. By End-Use
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Voltage
12.2.3. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Voltage
12.3.3. By End-Use
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Voltage
13.2.3. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Voltage
13.3.3. By End-Use
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Voltage
14.2.3. By End-Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Voltage
14.3.3. By End-Use
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Voltage
15.1.2.2. By End-Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Voltage
15.2.2.2. By End-Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Voltage
15.3.2.2. By End-Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Voltage
15.4.2.2. By End-Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Voltage
15.5.2.2. By End-Use
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Voltage
15.6.2.2. By End-Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Voltage
15.7.2.2. By End-Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Voltage
15.8.2.2. By End-Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Voltage
15.9.2.2. By End-Use
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Voltage
15.10.2.2. By End-Use
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Voltage
15.11.2.2. By End-Use
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Voltage
15.12.2.2. By End-Use
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Voltage
15.13.2.2. By End-Use
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Voltage
15.14.2.2. By End-Use
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Voltage
15.15.2.2. By End-Use
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Voltage
15.16.2.2. By End-Use
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Voltage
15.17.2.2. By End-Use
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Voltage
15.18.2.2. By End-Use
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Voltage
15.19.2.2. By End-Use
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Voltage
15.20.2.2. By End-Use
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By Voltage
15.21.2.2. By End-Use
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By Voltage
15.22.2.2. By End-Use
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By Voltage
15.23.2.2. By End-Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Voltage
16.3.3. By End-Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Siemens AG
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. ABB Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. General Electric Company
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Schneider Electric SA
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Eaton Corporation PLC
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Rockwell Automation
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Emerson Electric Company
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Crompton Greaves Ltd.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Littelfuse
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Danfoss A/S
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. WEG SA
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. Toshiba International Corporation Pty.
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
17.1.13. Carlo Gavazzi Holding AG
17.1.13.1. Overview
17.1.13.2. Product Portfolio
17.1.13.3. Profitability by Market Segments
17.1.13.4. Sales Footprint
17.1.13.5. Strategy Overview
17.1.13.5.1. Marketing Strategy
17.1.13.5.2. Product Strategy
17.1.13.5.3. Channel Strategy
17.1.14. Fairford Electronics Ltd.
17.1.14.1. Overview
17.1.14.2. Product Portfolio
17.1.14.3. Profitability by Market Segments
17.1.14.4. Sales Footprint
17.1.14.5. Strategy Overview
17.1.14.5.1. Marketing Strategy
17.1.14.5.2. Product Strategy
17.1.14.5.3. Channel Strategy
18. Assumptions & Acronyms Used19. Research Methodology
