Motor Starter Control Panel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Motor Starter Control Panel Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Automotive Aftermarket

Report Description

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Demand for electric motors is increasing due to its rising usage across different industries. They are capable of converting electrical energy into mechanical energy. Rise in demand and installation of electric motors in energy, power, metals, mining, water, marine and waste water, and pulp and paper industries is driving the growth of motor starter control panel. These industries are reliant on the wide usage of machines, which need constant power supply. Electric motor starter control panel provide individual machines which provide easy control features at the each point of the operation.

Energy efficiency legislations on motor-driven systems by several governments and increased focus on the industrial sector are anticipated to boost the motor starter control panel market. Rising industrialization across the globe is propelling the demand for electric motors as well as the automation methods at various industries. Therefore, there is a demand for large energy-efficient motors equipped with starter controls in order to minimizing the operational cost. There has been a rapid adoption of motors operated with control panel. Most operations in end-user industries such as water treatment plants and water supplies involve pumps and motors, which are likely to require efficient and low power starting methods. A motor starter control panel contains a motor circuit protector, which provides fast, accurate, fault clearing that is estimated to minimize damage to the motor and control apparatus and protect branch circuit conductors. Generally, different panels are used for isolation disconnects, over current protection, motor controller, overload protection, separate control voltage circuit, control operators, and pilot lights. Some of the common features of a control panel include starting of motor in forward and reverse direction. One type of panel is the soft starter panel, which includes a starter controller, disconnect or breaker, control power transformers, and auxiliary devices. The other type control panel used in variable frequency drives protect and limit the inrush current, speed control and monitor the motor variables.

The motor starter control panel is fitted with essential relays that are also utilized to protect other electrical equipment from getting damaged due to short circuit and overloading. Moreover, the enclosures of motor starter control panels are fabricated out of sheet metal. They can be of open type, semi-enclosed, or totally enclosed type. A motor starter control panel indicates parameters such as voltage, currency, frequency & power factor. It can also regulate the power supply with help of the switches/circuit breakers when placed together with the control panel.

Based on application, the motor starter control panel market is segregated into textile, automobile manufacturing, sugar mills, cement manufacturing, mining, electric drives, and others.

In terms of region, the motor starter control panel market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia Pacific is estimated to be a dominant region, followed by North America and Europe during the forecast period. The motor starter control panel market in emerging economies such as China and India is anticipated to expand, due to its rising demand in medium and large factories coupled by the increase in rural electrification and industrialization.

Inclination toward cleaner energy in the power generation sector is expected to boost the low-voltage motors market in the U.S., particularly for solar and wind projects. Furthermore, stringent regulations regarding motor efficiency and retrofitting of aging equipment are factors that are likely to increase the demand for motor starter control panels during the forecast period.

Major players operating in the global motor starter control panel market are Sintex Plastics Technology, Eaton Corporation, GRM Panels Pvt. Ltd., SE-MAR Electric Company, Honeywell, C&S Electric Company, and Mex Switchgear Pvt. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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