The Global Combination Starters Market size is projected to grow from USD 3.6 billion in 2021 to USD 5.5 billion by 2028, at a CAGR of 6.2% during the forecast period (2021-2028). The growth of this market can be attributed to the increasing demand for energy-efficient and environmentally-friendly equipment coupled with stringent government regulations on reducing emissions that have been enforced worldwide, as well as a growing need for more sustainable power solutions due to various natural disasters such as floods, storms, earthquakes, etc.
Combination Starters are used to switch off the power supply of an electric motor. They come in different types with differing voltage ratings and can be operated as either single-pole or three-way switches. The voltage rating is important for determining which type of starter should be installed since it dictates whether a full-voltage nonreversing starter will work or not.
On the basis of Type, the market is segmented into Full-Voltage Non-Reversing, Full-Voltage Reversing, Multi-Speed and Reduced Voltage.
Full-Voltage Non-Reversing starters are typically used for motors in open or partially enclosed spaces. They have a voltage rating of over 600 volts and can be permanently wired into the circuit breaker system to switch off power to the motor when tripped by an overload, short, or ground fault. These types of starters tend not to be very efficient at switching on high resistance loads like closed vents as they do not provide enough current with respect to voltage demand needed.
Full-Voltage Reversing starters are typically used for motors in enclosed spaces. They have a voltage rating below 600 volts and can be permanently wired into the circuit breaker system or switched on by an externally mounted switch to turn off power to the motor when tripped by an overload, short or ground fault. These types of starters tend not to be very efficient at switching high resistance loads like closed vents as they do not provide enough current with respect to voltage demand needed.
Multi-speed starters are designed specifically for use with variable frequency drives (VFD), which allows them to match different speeds without changing rpm while also reducing energy consumption. VFDs need a starter that is compatible with the unit's voltage, current, and frequency specifications in order to work properly.
Reduced Voltage starters are a type of starter that is used for motors with lower voltage and currents. This makes them more useful when the motor needs to operate at low power, like in an office environment where it's operating on less than 100% load. These types of starters need to be connected directly to the power source without any additional wiring or equipment because they do not have enough capacity to activate other switches.
On the basis of Application, the market is segmented into Construction, Oil & Gas, Water and Wastewater Management, Chemical Industries. The construction segment is leading due to an increase in construction activities across the globe. The demand for new buildings has led to a surge in hiring which means that there are more people around who need power tools such as drills and saws.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the regions such as Europe is expected to grow due to an increase in Brazilian construction activities which are predicted for the 2021-2028 period. The demand for new buildings has led to a surge in hiring which means that there are more people around who need power tools such as drills and saws.
The major growth drivers for the global Combination Starters Market are an increase in construction activities, technological developments, and a strong need to reduce carbon emissions. Construction activity is a key driver of demand for electric starters because it requires large quantities of power tools such as drills that use these devices. Technological innovations have led electronic manufactures to develop new types of starter motors with reduced voltage which also require less energy consumption. The requirement to reduce greenhouse gas emissions leads manufacturers to produce more environmentally friendly products including those from renewable resources. This has contributed hugely towards environmental protection efforts and climate change mitigation due to the reduction in pollutants discharged into the air thereby reducing its impact on the environment and ecosystems around the world.
Up Market Research published a new report titled “Combination Starters Market research report which is segmented by Types (Full-Voltage Non Reversing, Full-Voltage Reversing, Multi-Speed, Reduced Voltage), By Applications (Construction, Oil & Gas, Water And Wastewater Management, Chemical Industries), By Players/Companies ABB, General Electric, Rockwell Automation, Schneider Electric, Mitsubishi Electric, SIEMENS, Eaton, Sprecher + Schuh, ISC, Greenheck Fan”.
|Report Attributes||Report Details|
|Report Title||Combination Starters Market Research Report|
|By Type||Full-Voltage Non Reversing, Full-Voltage Reversing, Multi-Speed, Reduced Voltage|
|By Application||Construction, Oil & Gas, Water And Wastewater Management, Chemical Industries|
|By Companies||ABB, General Electric, Rockwell Automation, Schneider Electric, Mitsubishi Electric, SIEMENS, Eaton, Sprecher + Schuh, ISC, Greenheck Fan|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||212|
|Number of Tables & Figures||149|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Full-Voltage Non Reversing, Full-Voltage Reversing, Multi-Speed, Reduced Voltage and By Application Construction, Oil & Gas, Water And Wastewater Management, Chemical Industries.
Some of the companies that are profiled in this report are:
Combination Starters Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Combination Starters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Combination Starters Market Report:
Some other reports from this category!