What is Manual Motor Starters Market Scope?
The Surging Demand for Overload and Short Circuit Protection for Heavy Machinery will help to boost the demand for Manual Motor Starters in the forecasted period. Manual motor starters, also known as motor protection circuit breakers (MPCBs) or manual motor protectors (MMPs), are electromechanical protection devices for the main circuit. A motor or electric motor transforms electrical energy into mechanical energy. Almost half of the electricity generated is used for powering motors for various applications.
The Manual Motor Starters market study is being classified and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Manual Motor Starters market throughout the predicted period.
ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Fuji Electric (Japan), Eaton (Ireland), Rockwell Automation (Allen-Bradley) (United States), Mitsubishi Electric (Japan), Emerson Electric (United States), LS Industrial Systems (South Korea) and Hubbell (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Manual Motor Starters market by Type, Application and Region.
On the basis of geography, the market of Manual Motor Starters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Market Influencers and their development strategies
On 13th April 2021, Schneider Electric, the leader in the digital transformation of energy management and automation, today announces the release of a new generation of TeSys Giga series Motor Starters. The iconic TeSys Giga series has been reimagined with the latest smart digital innovations to deliver a simpler, more sustainable, safe and secure customer experience for panel builders, consulting engineers, system integrators, facility managers, and original equipment manufacturers (OEMs) further building on proven reliability and high electrical durability.
On 9th August 2018, Emerson has introduced a cost-effective, easy-to-install, and simple-to-operate alternative to traditional cast and bolted motor starters in the form of its new Appleton® PlexPower™ solution.
Influencing Market Trend
- The Increasing Demand for Low Voltage Protection or Low Voltage Release
- The Growing Demand for Motor-Efficiency Performance Standards (MEPs)
- The Surging Demand for Overload and Short Circuit Protection for Heavy Machinery
- The Increasing Demand for Automotive Sector across the World
- Strict regulations from various legislation bodies for few industries such as oil and gas, power generation sectors, mining
- The Increasing Competition in The Industry
Key Target AudienceManual Motor Starters Manufacturers, Suppliers, Distributors, Government regulatory Bodies, Private Research Organization, Government Research Organization and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Manual Motor Starters market expands?
The Global Manual Motor Starters market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Manual Motor Starters market?
The prominent players of Global Manual Motor Starters market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Fuji Electric (Japan), Eaton (Ireland), Rockwell Automation (Allen-Bradley) (United States), Mitsubishi Electric (Japan), Emerson Electric (United States), LS Industrial Systems (South Korea) and Hubbell (United States), to name a few.
3. What are the top priorities to focus for Manual Motor Starters market’s growth?
In this highly competitive & fast evolving Manual Motor Starters industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.