Motor Soft Starter Market size was valued at USD 2.14 Billion in 2023 and is poised to exceed USD 5.29 Billion by the end of 2036, expanding at over 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of motor soft starter is evaluated at USD 2.28 Billion. The growth of the market can be attributed to the growing investment in the oil & gas sector. With the rising investment the exploration, extraction, and refining increases this require soft starters in pumps and compressions. In 2022, the oil and gas upstream saw the highest investment since 2014, it was around USD 499 billion.
In addition to these, factors that are believed to fuel the market growth of motor soft starter include the rising electrification of industries. Electricity now accounts for nearly 20% of global industrial energy consumption. Industries are heavily relying on electric machinery to support operations and induce efficiency. Electrified industries demand programs with better and faster response, where they monitor the consumption of energy to match the grid condition. Soft started helps industries to overlook and control the sudden surge of energy demand.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.2% |
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Base Year Market Size (2023) |
USD 2.14 Billion |
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Forecast Year Market Size (2036) |
USD 5.29 Billion |
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Regional Scope |
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Voltage (Low, Medium)
The low voltage segment in the motor soft starter market is estimated to gain the largest revenue share of about 60% in the year 2036. The growth of the segment can be attributed to the increasing use of low-voltage motor soft starter in various industries, including pulp and paper, food & beverage, power supply, and others. The rising use of automated systems and machines in industries is also driving the segment’s growth. Low-voltage soft starters are getting popular in various industries owing to their several benefits, including a low rush of current and reduced mechanical stress.
Power (Up to 750 W, 751 W- 75 kW)
The 751 W- 75kW segment in the motor soft starter market is expected to garner a significant share of around 58% in the year 2036. The high revenue generation from the segment is primarily due to the high capital influx in desalination projects. In the world, there are currently 20,000 facilities that focus on turning sea water into fresh usable water. Moreover, these facilities are in constant need of new machines and frequent maintenance. The pumps used in desalination involved high-pressure pumps to push water through reverse osmosis therefore they require soft starts that provide high power.
Our in-depth analysis of the global market includes the following segments:
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Voltage |
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Power |
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Application |
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End User |
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APAC Market Forecast
The motor soft starter market in Asia Pacific is projected to be the largest with a share of about 36% by the end of 2036. The growth of the market can be attributed majorly to the rise in new oil and gas projects in the region. ONGC has announced its plans to set up an oil to a chemical facility in India to extract high-value chemical products directly from crude oil. This in turn will also increase the production of crude oil. On the other hand, Indradhanush Gas Grid Ltd has started the new project of laying down a natural gas pipeline of 1656 km long in eight north easter states of India. On the other hand, China is at the forefront of the fourth revolution of industrial, the adoption of automation has drastically increased which is further boosting the market growth in the region.
Europe Market Statistics
The European motor soft starter market is estimated to be the second largest, registering a share of about 28% by the end of 2036. The growth of the market can be attributed majorly to the presence of leading manufacturers in the regions. The companies are expanding their motor soft starter portfolio which is boosting the product growth in the region. For instance, recently Siemens Smart Infrastructures launched their new series 3rW50 and Sirius 3RW55 Failsafe, both products were launched in Europe to expand their product portfolio. Furthermore, as a part of motor control solutions for European countries, Motoronis UK launched their new range of soft starters in the region.
Author Credits: Abhishek Verma
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