Motor Starter Market Trends

Growth Drivers

• Rising Mining Industry - Solid-state motor starters for induction motors have been widely used to bring conveyor systems up to full speed in heavy industries such as coal mining or quarry products owing to their soft-start capability, and the kind of protection they provide are essential in the hazardous environment of an underground mine.
• Motor Starters in Automation- Motor protection is an essential part of machine automation, therefore to ensure that motors may be started safely and avoid serious damage, soft starters are frequently employed.
• Growing Adoption in Electronics Industry- In electrical engineering, motor starters are essentially necessary components that are also used to protect, reverse, and stop electric motors, and also for switching both DC and asynchronous motors.

Challenges

• Fluctuating Prices of Electricity - Electricity and batteries are needed for starter motors, which is determined by the location and style of the home.  Monthly, yearly, and seasonal variations are possible in the cost of electricity owing to several conditions, such as the season, the price of running the electrical grid and power plants, fuel prices, demand, Public Service Commission rules, economic situations, geographic location, and weather that results in severe temperatures or damages electricity lines.
• Supply chain disruptions can impact the overall cost of production
• Stringent regulatory requirements may increase the complexity and cost of the production