Research Nester’s recent market research analysis on “Motor Starter Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global motor starter market in terms of market segmentation by technique, voltage, end-use, phase and by region.

Growing Adoption of Consumer Electronics and Rising Trend Towards Industrial Automation to Promote Global Market Share of the Motor Starter Market

The global motor starter market is estimated to grow majorly on account of the increased usage in industrial applications such as chemical processing, manufacturing, mining, oil & gas, and more. Furthermore, the rising construction sector industry and widespread expansion of the manufacturing sector are projected to propel the global motor starter market during the forecasted period. Moreover, the growth in the construction sector is also prompting the growth of the global motor starter market. It has been estimated that by the year 2030, there will be a requirement of almost 300.1 million new homes globally. This is considered to be one of the prominent growth-propelling factors for the global motor starter market. Also, a motor starter renders complete protection for various applications in large-scale industries that demand a high range of load. The motor starter is widely used in the automotive manufacturing sector, fueling the global motor starter market during the forecasted period. A motor starter is widely used to rotate an internal combustion engine to commence the operation of the engine under its power. It has been projected that by the year 2030, the automotive industry for passenger cars will reach almost 102.1 million units. On the back of this, the global motor starter market growth is projected to propel during the forecasted period and offer numerous lucrative opportunities.

Some of the major growth factors and challenges that are associated with the growth of the global motor starter market are:
Growth Drivers:
• Thriving Construction Industry and Widespread Expansion of Manufacturing Sector
• Rising Trend Toward Industrial Automation
Challenges:
Fluctuating prices of electricity, disruption in the supply chain, stringent regulatory requirements, and rapid technological changes are some of the major factors anticipated to hamper the global market size of the global motor starter market.

Access our detailed report at: https://www.researchnester.com/reports/motor-starter-market/5722

By technique, the global motor starter market is segmented into manual and automatic. The automatic segment is projected to gain a remarkable market share of almost 61.1% in the coming years. Manufacturers are more inclined towards automatic motor starters on the back of the numerous benefits it has. Automatic motor starters are efficacious at providing hassle-free and convenient starting and have state-of-the-art designs and exceptional functionality.

By region, the Europe motor starter market is to generate the highest revenue by the end of 2036. The region has the presence of numerous market players and creates a niche for the motor starter market.
This report also provides the existing competitive scenario of some of the key players of the global motor starter market which includes company profiling of ABB Inc., Bosch Limited, Emerson Electric Co., Hubbell Incorporated, Rockwell Automation, Schneider Electric, Siemens, Acme Electric, Fuji Electric Co. Ltd., Toyota Motor Corp., Suzuki Motor and others.