Motor Soft Starter Market Trends

Growth Drivers

• Increasing Treatment of Water – Soft starter are highly crucial in water treatment facilities; they are utilized in starting and stopping the pumps. Therefore, the rising setup of water treatment facilities is propelling the market growth.
• Rising Use of HVAC Systems-Air conditioners and electric fans account for about 20% of total electricity utilized in buildings worldwide today. Moreover, it is expected that by 2050, around two-thirds of the houses in the world will have an air conditioner. Soft starters are responsible for controlling the motor of chillers, that are used for cooling water or air in industrial and commercial settings.
• Rising Demand for Industrial Pumps – Industrial pumps, especially centrifugal pumps, can draw high starting currents which can also damage the equipment. Therefore it requires motor soft starters to reduce stress during the current spike.

Challenges

• Lack of Standardization –There is no specific feature or requirement that is fixed for the market and to be followed as standard procedure by manufacturers. This creates a lot of confusion in product compatibility and thus hampers the market growth
• Resistance Towards the Transition to Technology
• Rising Competition from Variable Frequency Drives (VFDs)