Global Combination Starter Market: Overview
Combination starter disconnects fuse, switch and enclosed circuit breaker such as starter and overloads. Every motor control circuit must be accompanied by three elements such as motor overload protection, control device, and disconnect device with short circuit protection, either as switch and fuses, circuit breaker, or motor starter protector (MSP).
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Combination Starter Market: Growth Factors
Increasing demand for motors and rising concerns regarding motor control & protection are factors driving the global combination starter market growth. In addition, growth in the infrastructural activities in developing regions also boost the global market growth. This is anticipated to open up new gateways for the growth opportunities in the global combination starter market. Growth in commercial and residential buildings coupled with increasing disposal income in the market is projected to propel the global market growth. The presence of large customer base in the developing economies is influencing the global combination starter market growth. Rising interest of people in the motor control and protection ability is expected to show exponential growth in the global market in the next few years.
Global Combination Starter Market: Segmentation
The global combination starter market is segregated based on industry as infrastructure, oil & gas, food & beverages, water & wastewater, metals & mining, and others. On the basis of applications, the global market is classified as compressors, pumps, conveyors, fans, and others. Moreover, the global market is divided based on type as reversing, and non-reversing. Furthermore, on the basis of rated power, the global combination starter market is classified as up to 7.5 kW, 7.5 to 75 kW, and above 75 kW.
Global Combination Starter Market: Regional Analysis
Geographically, the global the global market is divided as North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific. Asia Pacific is the dominating region for combination starter while Europe is following the same trend. The growth in Asia Pacific is mainly due to low cost and compact nature of the device. However, rising demand for combination starter in the industries also fosters the global market growth. Europe shows a significant growth in the global combination starter market owing to increasing awareness about motor control and protection. The Middle East and Africa may also show considerable growth in the coming years due to increasing demand for pumps and compressors in the various industries.
Global Combination Starter Market: Competitive Players
Major players dominating the global combination starter market are Schneider Electric SE, WEG SA, General Electric Company, Emerson Electric Co., ABB Ltd., Toshiba International Corporation Ltd., and Mitsubishi Electrical Corporation. Other players include Siemens AG, Danfoss A/S, Fuji Electric Fa Components & Systems Co., Ltd., Rockwell Automation, Inc., and Eaton Corporation PLC.
Global Combination Starter Market: Regional Segment Analysis
What Report Provides
Request the coronavirus impact analysis across industries and markets