Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.68 Billion | USD 3.94 Billion | 4.4% | 2023 |
The global combination starter market size was worth around USD 2.68 billion in 2023 and is predicted to grow to around USD 3.94 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.4% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the Combination Starter market on a global and regional level.
A combination starter is an electrical device used to start and protect motors, combining a motor starter with additional protective and control components within a single enclosure. Typically, a combination starter includes a motor starter (which can be a contactor or soft starter), overload protection, and disconnecting means such as a circuit breaker or fuse. These devices are essential for ensuring the safe and efficient operation of motors in various industrial and commercial applications. Combination starters provide a convenient and compact solution by integrating multiple functions into one unit, simplifying installation and maintenance.
Increasing demand for motors and rising concerns regarding motor control & protection are factors driving the global combination starter market growth. In addition, growth in the infrastructural activities in developing regions also boost the global market growth. This is anticipated to open up new gateways for the growth opportunities in the global combination starter market. Growth in commercial and residential buildings coupled with increasing disposal income in the market is projected to propel the global market growth. The presence of large customer base in the developing economies is influencing the global combination starter market growth. Rising interest of people in the motor control and protection ability is expected to show exponential growth in the global market in the next few years.
Based on industry, the global combination starter market is segregated as infrastructure, oil & gas, food & beverages, water & wastewater, metals & mining, and others.
On the basis of applications, the global market is classified as compressors, pumps, conveyors, fans, and others.
Based on type, the global market is divided as reversing, and non-reversing.
On the basis of rated power, the global combination starter market is classified as up to 7.5 kW, 7.5 to 75 kW, and above 75 kW.
Report Attributes | Report Details |
---|---|
Report Name | Combination Starter Market |
Market Size in 2023 | USD 2.68 Billion |
Market Forecast in 2032 | USD 3.94 Billion |
Growth Rate | CAGR of 4.4% |
Number of Pages | 196 |
Key Companies Covered | Schneider Electric SE, WEG SA, General Electric Company, Emerson Electric Co., ABB Ltd., Toshiba International Corporation Ltd., and Mitsubishi Electrical Corporation. Other players include Siemens AG, Danfoss A/S, Fuji Electric Fa Components & Systems Co., Ltd., Rockwell Automation, Inc., and Eaton Corporation PLC |
Segments Covered | By industry, By applications, By type, By rated power and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Geographically, the global the global market is divided as North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific. Asia Pacific is the dominating region for combination starter while Europe is following the same trend. The growth in Asia Pacific is mainly due to low cost and compact nature of the device. However, rising demand for combination starter in the industries also fosters the global market growth. Europe shows a significant growth in the global combination starter market owing to increasing awareness about motor control and protection. The Middle East and Africa may also show considerable growth in the coming years due to increasing demand for pumps and compressors in the various industries.
Major players dominating the global combination starter market are:
By Industry
By Applications
By Type
By Rated Power
By Region
What Report Provides
FrequentlyAsked Questions
A combination starter is an electrical device used to start and protect motors, combining a motor starter with additional protective and control components within a single enclosure.
According to study, the Combination Starter Market size was worth around USD 2.68 billion in 2023 and is predicted to grow to around USD 3.94 billion by 2032.
The CAGR value of Combination Starter Market is expected to be around 4.4% during 2024-2032.
Asia Pacific has been leading the Combination Starter Market and is anticipated to continue on the dominant position in the years to come.
The Combination Starter Market is led by players like Schneider Electric SE, WEG SA, General Electric Company, Emerson Electric Co., ABB Ltd., Toshiba International Corporation Ltd., Mitsubishi Electrical Corporation, Siemens AG, Danfoss A/S, Fuji Electric Fa Components & Systems Co. Ltd., Rockwell Automation Inc., and Eaton Corporation PLC.
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