Reduced Voltage Starters Market Outlook and Forecast from 2024 to 2031

The "Reduced Voltage Starters Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Reduced Voltage Starters market is expected to grow annually by 12.7% (CAGR 2024 - 2031).

This entire report is of 113 pages.

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Reduced Voltage Starters Introduction and its Market Analysis

The Reduced Voltage Starters market research reports indicate a thriving market with significant growth potential. Reduced Voltage Starters are devices used to start motors with reduced voltage, reducing stress and wear on the equipment. The target market for Reduced Voltage Starters includes industries such as manufacturing, oil & gas, mining, and water treatment. Major factors driving revenue growth include increasing industrial automation, rising demand for energy-efficient solutions, and strict regulatory standards. Companies operating in the market like ABB, Eaton, and Siemens are focusing on product innovation and expanding their product portfolio to gain a competitive edge. The report's main findings highlight the growing demand for Reduced Voltage Starters, the increasing adoption of smart technologies, and the need for customized solutions. Recommendations include investing in research and development to launch innovative products and expanding into emerging markets to capitalize on growth opportunities.

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The Reduced Voltage Starters market is segmented by type into Single Phase and Three Phase, with applications in industries such as Oil & Gas, Water Treatment, Automotive, Mining, and others. These starters help reduce the initial starting current and voltage in motors, thereby prolonging their lifespan and reducing energy consumption. Regulatory and legal factors specific to market conditions include compliance with safety standards such as NEMA, IEC, and UL, as well as local regulations regarding the use of electrical equipment in hazardous environments. Manufacturers in this market must ensure their products meet these standards to ensure safety and performance for end-users. With the increasing focus on energy efficiency and sustainability, the demand for Reduced Voltage Starters is expected to grow significantly in the coming years.

Top Featured Companies Dominating the Global Reduced Voltage Starters Market

The Reduced Voltage Starters Market is highly competitive with key players such as ABB, Eaton, Sprecher + Schuh, Delta, Rockwell Automation, Schneider Electric, Siemens, SAF OPAL Starters, GE Industrial, TEMCo, Huajia Industrial Electric, Franklin Electric, Solcon, Klockner Moeller, Square D Company, and Delixi among others. These companies offer a variety of reduced voltage starters that help in minimizing electrical stresses on motors during starting, thereby increasing their operating life and efficiency.

ABB, one of the leading players in the market, offers a range of reduced voltage starters that are used in various industries including oil & gas, power generation, and water treatment. Eaton, another key player, provides reduced voltage starters for industrial applications to ensure smooth starting of motors. Similarly, other companies like Siemens, Schneider Electric, and Rockwell Automation offer advanced reduced voltage starters with features such as soft starts, overload protection, and energy efficiency.

These companies contribute to the growth of the Reduced Voltage Starters Market by investing in research and development to introduce innovative products, expanding their distribution networks, and forming strategic partnerships. The increasing demand for reduced voltage starters across industries due to rising awareness about energy efficiency and motor protection is also driving market growth.

In terms of sales revenue, ABB reported a revenue of $ billion in 2020, while Siemens had a revenue of $57 billion in the same year. Schneider Electric reported a revenue of €27.2 billion in 2020, showcasing the significant market presence and financial stability of these key players. Overall, the competitive landscape of the Reduced Voltage Starters Market is dynamic, with companies constantly striving to introduce efficient and reliable products to meet the evolving demands of industrial applications.

• ABB
• Eaton
• Sprecher + Schuh
• Delta
• Rockwell Automation
• Schneider Electric
• Siemens
• SAF OPAL Starters
• GE Industrial
• TEMCo
• Huajia Industrial Electric
• Franklin Electric
• Solcon
• Klockner Moeller
• Square D Company
• Delixi

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Reduced Voltage Starters Market Analysis, by Type:

• Single Phase
• Three Phase

Reduced Voltage Starters can be classified into Single Phase and Three Phase starters. Single phase starters are used for smaller motors while Three Phase starters are suitable for larger motors. These starters help in reducing the voltage supplied to the motor during the start-up phase, which in turn reduces the initial current and torque requirements. This results in a smoother and more controlled start-up process, preventing damage to the motor and mechanical components. The flexibility and efficiency offered by these starters have boosted the demand for Reduced Voltage Starters in various industrial applications.

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Reduced Voltage Starters Market Analysis, by Application:

• Oil & Gas
• Water Treatment
• Automotive
• Mining
• Others

Reduced Voltage Starters are commonly used in various industries such as Oil & Gas, Water Treatment, Automotive, Mining, and others to reduce voltage fluctuations and achieve smoother motor starting. In the Oil & Gas sector, these starters are used to start pumps and compressors. Water Treatment plants use them for the starting of blowers and mixers. In the Automotive industry, they are used for conveyor systems and assembly line equipment. In Mining, reduced voltage starters help in starting large motors for machinery. The fastest growing application segment in terms of revenue is the Oil & Gas industry due to increasing demand for energy production.

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Reduced Voltage Starters Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Reduced Voltage Starters market is expected to witness significant growth in North America, particularly in the United States and Canada, as well as in Europe, with key markets in Germany, France, the ., Italy, and Russia. Additionally, the Asia-Pacific region, including countries such as China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is projected to see strong growth. Latin America, including Mexico, Brazil, Argentina, and Colombia, and the Middle East & Africa, with markets in Turkey, Saudi Arabia, UAE, and Korea, are also expected to contribute to the market growth. North America and Europe are anticipated to dominate the market with a market share percent valuation of 30% each, while the Asia-Pacific region is expected to hold a market share of 25%. Latin America and the Middle East & Africa are projected to account for 10% and 5% of the market share, respectively.

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