Soft Starter Market Report 2023-2028 PDF, Industry Trend, Analysis and Revenue

1. Soft Starter Market Report 2023 By Type, Application and End Use Industry Key Regions and Competitive Landscape www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145 Author: Elena Anderson, Marketing Manager | IMARC Group Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. About IMARC Group Report Description The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Soft Starter Market Outlook 2023-2028: The global soft starter market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028. A soft starter is a solid-state device that protects alternating current (AC) electric motors from damage caused by sudden influxes of power. It consists of two principal units, including the power unit and the control unit, which has a heat dissipater and thyristors. It helps to limit transient voltages while providing protection against sudden surges of power that accompany both normal operational and power outages. It limits the starting current of the motor to determine the torque and sets the starting time to initiate the motor softly. It also provides protection against phase failure, overcurrent, and undercurrent.

4. Report Description and Highlights Report Description Global Soft Starter Market Trends: At present, the increasing demand for soft starters as they are efficient, reliable, and enable rapid voltage reduction represents one of the primary factors propelling the growth of the market. Besides this, the rising employment of soft starters to reduce the mechanical stress on a structure is contributing to the growth of the market. In addition, the growing utilization of industrial pumps in refineries, hydrocarbon processing, water injection, and pipeline services are offering a favorable market outlook. Apart from this, the increasing installation of heating, ventilation, and air conditioning (HVAC) systems for maintaining proper ventilation and air quality indoors is supporting the growth of the market. Request for a free sample report: https://www.imarcgroup.com/soft-starter-market/requestsample

5. Report Description and Highlights Report Description • Market Summary: • Breakup by Type: • Low Voltage Soft Starter • Medium to High Voltage Soft Starter • Breakup by Application: • Pumps • Fans and Blowers • Compressors • Breakup by End Use Industry: • Mining and Metal • Food and Beverage • Energy and Power • Oil and Gas • Others

6. Report Description and Highlights Report Description • Breakup by Region: • North America • Europe • Asia Pacific • Middle East and Africa • Latin America • On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.

7. Report Description and Highlights Report Description • Competitive Landscape With Key player: • ABB Ltd. • AuCom Electronics Ltd. (Benshaw Inc) • Carlo Gavazzi Holding AG • CG Power and Industrial Solutions • Danfoss Group • Eaton Corporation PLC • Littelfuse Inc. • OMRON Corporation • Rockwell Automation Inc. • Schneider Electric SE • Siemens AG • SOLCON • View Report TOC, Figures and Tables: https://www.imarcgroup.com/soft-starter-market

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9. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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