Recent research by ARC Advisory Group shows that after a sharp decline in 2020, the global soft starters market has experienced steady growth over the past three years. This growth has been largely driven by increasing demand for critical minerals supporting sustainability initiatives, the need for infrastructure investments in emerging economies, funding for water and wastewater treatment plants, and electrification projects. However, the market is expected to slow down during the initial half of the forecast period.
"Industrial megatrends are driving significant changes in operational efficiency, pushing end users toward smarter, more connected systems. Suppliers offering Industrial IoT-enabled soft starters, present a transformative opportunity for both end users and suppliers by enabling real-time monitoring, predictive maintenance, and remote diagnostics. These capabilities help prevent unexpected equipment failures, reduce downtime, and optimize overall performance. By integrating Industrial IoT-driven soft starters, end users can enhance asset reliability and achieve greater efficiency in their operations. With the acceleration of digitalization, choosing suppliers that offer advanced, data-driven solutions will be crucial for long-term success and maintaining a competitive edge,” according to Naresh Surepelly, Senior Analyst and key author of ARC's Soft Starters Market Research.
Soft Starters Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Compact
- Localization
- More Power from a Smaller Package
- Market Consolidation
- Digital Transformation
- Advanced Control Algorithms
Leading Suppliers to the Soft Starters Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: ABB, AuCom, Rockwell Automation, Schneider Electric, Siemens.
About the Soft Starters Research
The Soft Starters research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Machinery by Segment, Industry, Customer Type, World Region, Sales Channel, Hardware Revenues by Power, Hardware Revenues by Phase, Hardware Revenues by Packaging.
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