Home / Energy & Power / Manual Motor Starters Market
Manual Motor Starters Market Size, Share & Industry Analysis, By Product (DC Manual Motor Starters, AC Manual Motor Starters), By End-User (Oil and Gas, Industrial Manufacturing, Mining, Water and Wastewater, Others) And Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI105740 | Status : UpcomingManual motor starters act as an electromechanical protective device for the main electronic circuit. These motors are mainly used for switching motors ON or OFF manually and to protect them against short circuits, overloads, and phase failure with little protection. The fuseless protection with a manual motor starter saves space and cost ensures a quick response in the event of a short circuit by switching off the motor within milliseconds.
Based on the product, the market is segmented into AC manual motor starters and DC manual motor starters. AC manual motor starters segment captured the largest market share in terms of revenue in 2020 because these starters keep the AC motors safe from overload, under load, power surges, and circuit failures.
The manual motor starters market is segmented based on end users including oil & gas, industrial manufacturing, metals & mining, water & wastewater, and others. The end-user oil & gas segment dominated the market in 2020 due to factors such as increased investment by major oil & gas companies and the growth of the industrial sector in developing countries such as India, Malaysia, China, Brazil, and Indonesia, which will increase the demand for oil and natural gas. These factors are anticipated to drive the growth of manual motor starters in this oil & gas end-user segment.
Following the recent trend, electric motors account for the largest share of energy consumption in the industry. This in turn will lead to an increased need to increase the efficiency of these motors through speed control with industrial motor starters. The need to reduce maintenance costs and machine downtimes will also lead to the introduction of manual motor starters in the coming years.
Manual motor starters are being traditionally used. Due to technological advancements and the emergence of the Internet of Things (IoT), automatic and magnetic starters are gaining significant market share. These new starters have a faster response time and are much more reliable as compared to manual motor starters. These factors are anticipated to hinder the growth of the market.
Key Players Covered:
Some of the major companies that are present in the global manual motor starters markets are ABB, Rockwell Automation, Schneider Electric, Hubbell Incorporated, Siemens, Emerson, LS Industrial Systems, Fuji Electric Co., Ltd., CHINT electric, and LOVATO Electric SpA.
Regional Analysis:
The manual motor starters market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region dominated the market in 2020 and increased investment in power generation, construction, and industrialization projects. In addition, the increasing expansion of power generation capacity and electricity demand is expected to further boost the manual motor starters market in this region.
North America emerged as one of the prominent regional markets in terms of revenue due to stringent regulations pertaining to the safety of personnel operating the motors. Also, manual motor starters are widely installed in oil & gas pipelines and the food & beverage industry in the U.S. and Canada.
The European market is comparatively more mature as compared to Latin America and Middle East & Africa markets. Technological innovations and the presence of key industry participants such as ABB, Eaton, Schneider Electric, and Siemens have led to the high penetration of manual motor starters in Europe.
Segmentation
ATTRIBUTES | DETAILS |
By Product |
|
By End-User |
|
By Geography |
|
Key Industry Developments
- On 26 November 2019, Siemens Electric launched Simatic ET 200SP motor starters for small motors with power output from 0.1 to 0.4 amperes (A). These starters are designed to start three-phase and single-phase motors protecting them against short-circuits and overloads
- On 19 March 2021, ABB announced the replacement of Surion Manual Motor Starters in accordance with the ABB global strategy.
- Global
- 2023
- 2019-2022