Soft Starter Market Overview:
The Soft Starter Market Size was estimated at 4.25 (USD Billion) in 2022. The Soft Starter Market Industry is expected to grow from 4.67(USD Billion) in 2023 to 10.9 (USD Billion) by 2032. The Soft Starter Market CAGR (growth rate) is expected to be around 9.89% during the forecast period (2024 - 2032).
Key Soft Starter Market Trends Highlighted
The rising demand for energy-efficient solutions in industries such as oil and gas, mining, and manufacturing is driving the growth of the soft starter market. Soft starters are devices that gradually increase the torque applied to a motor, reducing the mechanical stress on the motor and the electrical system, leading to energy savings.Additionally, the increasing adoption of automation and digitization in industrial processes is creating opportunities for the integration of soft starters with smart control systems. This integration allows for remote monitoring and control of soft starters, optimizing their performance and reducing maintenance costs.
The trend towards electrification and the expanding use of electric motors in various industries are further fueling market expansion.Recent trends in the soft starter market include the growing popularity of compact and modular designs, which offer flexibility and ease of installation. Furthermore, the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) is enhancing the functionality of soft starters by enabling predictive maintenance and self-optimization.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Soft Starter Market Drivers
Increasing Demand for Energy Efficiency
In recent years, there has been a growing demand for energy efficiency in various industrial sectors. This is due to the rising costs of energy and the increasing awareness of the environmental impact of energy consumption. Soft starters can help to improve energy efficiency by reducing the inrush current and torque during motor startup. This can lead to significant savings on energy costs over time.
Soft starters can also help to extend the lifespan of motors by reducing the mechanical stress on the motor during startup.This can result in lower maintenance costs and less downtime for industrial operations. The growing demand for energy efficiency is expected to be a major driver of growth for the soft starter market in the coming years. As more and more businesses look to reduce their energy consumption and costs, they are likely to invest in soft starters as a way to achieve these goals.
Rising Adoption of Industrial Automation
Another key growth of the soft starter market is the rising adoption of industrial automation. With the increasing tendency of industrial process automation, there is a certain need for reliable and effective motor control solutions. In this regard, soft starters can offer a variety of advantages for automated systems. More specifically, they can: improve the process control by enabling enhanced control over the motor speed and torque, resulting in higher productivity and efficiency, reduce maintenance costs by extending the life span of electric motors and cutting of the need in repairs, and enhance safety by reducing the risks of electrical damages and explosions.
Expansion of Renewable Energy
The expansion of renewable energy is also expected to drive growth in the soft starter market. As more and more renewable energy sources, such as solar and wind power, are integrated into the grid, there is an increasing need for reliable and efficient motor control solutions. Soft starters can help to ensure that renewable energy systems operate at peak efficiency and reliability.
Soft Starter Market Segment Insights:
Soft Starter Market Voltage Rating Insights
The Soft Starter Market is segmented by Voltage Rating into Up to 480V, 481V to 690V, 691V to 1000V, and Above 1000V. The Up to 480V segment is the largest market share, with close to 45% of the global revenue in 2023. Low-voltage applications of soft starters such as pumps, fans, and compressors have boosted demand for this segment. Over the forecast period, the 481V to 690V segment will have the highest CAGR.
Demand for soft starters in medium-voltage applications will be driven by increases in applications such as elevators and escalators. The 691V to 1000V segment shows the most growth, fueled by an increasing prevalence of soft starters in high-voltage uses such as motors and generators. Demand for soft starters in heavy-duty industrial applications like mining and oil and gas will be high in the Above 1000V segment. The Voltage Rating segment can therefore cater to a variety of use cases. It has the greatest effect on the Soft Starter Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Soft Starter Market Phase Insights
The Soft Starter Market is segmented by phase into single phase and three phase. The three-phase segment held a larger market share in 2023, and is expected to continue to dominate the market throughout the forecast period. This is due to the increasing adoption of three-phase motors in industrial applications, as they offer higher efficiency and reliability than single-phase motors. The single-phase segment is expected to grow at a faster CAGR during the forecast period, due to the growing demand for soft starters in residential and commercial applications.
Soft Starter Market Application Insights
The Soft Starter Market is segmented based on its application into industrial, commercial, and residential sectors. Industrial applications account for the largest market share due to the increasing demand for soft starters in industries such as manufacturing, mining, and construction.
The commercial sector is also expected to witness significant growth in the coming years due to the rising adoption of soft starters in buildings, offices, and retail stores. The residential sector, though smaller in market size compared to industrial and commercial applications, is projected to grow steadily owing to the increasing awareness about energy efficiency and the need for reliable power supply in homes.
In 2023, the industrial segment held a prominent share of around 60% of the Soft Starter Market revenue, and is anticipated to maintain its dominance throughout the forecast period.
Soft Starter Market End User Insights
The Soft Starter Market segmentation by End User includes Oil and Gas, Mining, Power Generation, water and wastewater treatment equipment. Among these, the Oil and Gas industry held the largest market share in 2023, accounting for around 25.3%. The industry's extensive use of submersible pumps, compressors, and other equipment that necessitate soft starters for smooth operation and energy efficiency drives this dominance.
The Mining sector is another significant end-user, with a market share of 20.1% in 2023. Soft starters are crucial in mining operations for controlling the starting torque of conveyors, crushers, and other heavy machinery, ensuring equipment longevity and safety.The Power Generation industry also contributes substantially to the market, with a share of 18.9% in 2023.
Soft starters play a vital role in power plants by mitigating voltage dips during motor startup, protecting sensitive electrical components and ensuring reliable power generation. Finally, the Water and Wastewater industry holds a share of 16.2% in 2023. Soft starters are essential in wastewater treatment plants for managing pumps and other equipment, optimizing energy consumption and reducing wear and tear.
Soft Starter Market Control Features Insights
The Control Features segment plays a crucial role in the Soft Starter Market, contributing significantly to its revenue. Key control features in the market include soft start, soft stop, current limit, and voltage protection. Soft start allows for gradual acceleration of motors, reducing mechanical stress and extending equipment life. It accounted for a market share of around 38% in 2023 and is projected to maintain its dominance over the forecast period. Soft stop, on the other hand, provides controlled deceleration, minimizing overvoltage and enhancing safety.
Current limit safeguards motors and driven equipment from excessive currents, while voltage protection shields against voltage fluctuations and surges. The growing demand for energy-efficient and reliable motor control solutions drives the market growth for these control features.
Soft Starter Market Regional Insights
The regional segmentation of the Soft Starter Market presents distinct market dynamics and growth opportunities. North America holds a significant market share, driven by the presence of key industry players and advanced manufacturing infrastructure. Europe follows closely, with a strong focus on energy efficiency and automation.
The APAC region is expected to witness significant growth over the forecast period, fueled by rapid industrialization and infrastructure development, particularly in China and India. South America and MEA regions are projected to grow at a steady pace, driven by increasing investments in infrastructure and manufacturing sectors. These regional insights help market participants identify potential growth areas and tailor their strategies accordingly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Soft Starter Market Key Players And Competitive Insights:
Soft Starter Market major players continually invest in research and development to expand their product portfolio and gain a competitive advantage. In this regard, new and improved soft starters, which ultimately contribute to reduced energy consumption, better efficiency, and high reliability are on the market. Moreover, major players in the soft starter market are focused on expanding their geographic service activities based on different strategies such as partnerships, acquisitions, and joint ventures. The Soft Starter Market development ensures that leading soft starter providers cater to a global customer base.
The Soft Starter Market is highly competitive and characterized by a vast number of providers developing different strategies, including product launch, expansion of distribution networks, and aggressive marketing tactics. The competitive nature is expected to continue to prevail as new enterprises are expected to enter the industry soon, and with new entrants, new technologies will undoubtedly be brought into the market. For example, participants will either offer soft starter packages or include additional features to provide more stimulation for customers to consider their products.ABB is an example of a worldwide leader in the soft start market that has many successful products.
The company offers a wide range of soft starters, which serve various purposes from the simplest models to advanced units with many features. Furthermore, the ABB product is known as one of the most reliable, efficient, flexible, and easy-to-use products. ABB’s product is a part of a strong distribution network, which operates around the world. Moreover, continuous investment in research and development has made significant contributions to the variety of ABB soft starter products. Ultimately, delivering high-quality products and maintaining the satisfaction of existing customers has made a significant contribution to ABB’s success in the Soft Starter Market.Siemens is another leading participant in the Soft Starter Market. The firm offers a wide range of soft starters that are completely adaptable. Siemens products feature simple versions and extend to more complex soft-starter systems. At the same time, the Siemens line of soft starters is designed to address specific needs and requirements and the specifics of applications and different industries.
The company is known for its focus on energy efficiency. Thus, Siemens offers a soft starter with a low thermal effect. Siemens has established a strong distribution network as a part of its activities and the equipment is distributed worldwide. The reputation of Siemens products as reliable and efficient ones, as well as high quality, has made an important contribution to the success of Siemens in the Soft Starter Market.
Key Companies in the Soft Starter Market Include:
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Eaton
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Siemens
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Schneider Electric
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General Electric
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Yaskawa Electric
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Control Techniques
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Hitachi
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Danfoss
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Toshiba
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Mitsubishi Electric
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KUKA AG
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Fuji Electric
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ABB
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Weg
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Rockwell Automation
Soft Starter Market Industry Developments
The soft starter market is projected to reach USD 10.9 billion by 2032, exhibiting a CAGR of 9.89% during the forecast period. This growth can be attributed to the increasing demand for energy-efficient solutions, the rising adoption of automation in industries, and the growing awareness about the benefits of soft starters.
Recent news developments in the market include the launch of new products by major players such as Siemens, ABB, and Schneider Electric. These products offer advanced features such as reduced energy consumption, improved motor protection, and enhanced communication capabilities. Additionally, the growing adoption of Industry 4.0 technologies is driving the demand for smart soft starters that can be integrated with other industrial systems for remote monitoring and control.
Soft Starter Market Segmentation Insights
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Soft Starter Market Voltage Rating Outlook
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Up to 480V
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481V to 690V
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691V to 1000V
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Above 1000V
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Soft Starter Market Phase Outlook
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Soft Starter Market Application Outlook
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Industrial
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Commercial
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Residential
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Soft Starter Market End User Outlook
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Oil and Gas
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Mining
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Power Generation
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Water and Wastewater
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Soft Starter Market Control Features Outlook
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Soft Start
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Soft Stop
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Current Limit
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Voltage Protection
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Soft Starter Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.25(USD Billion) |
| Market Size 2023 |
4.67(USD Billion) |
| Market Size 2032 |
10.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
9.89% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Eaton ,Siemens ,Schneider Electric ,General Electric ,Yaskawa Electric ,Control Techniques ,Hitachi ,Danfoss ,Toshiba ,Mitsubishi Electric ,KUKA AG ,Fuji Electric ,ABB ,Weg ,Rockwell Automation |
| Segments Covered |
Voltage Rating ,Phase ,Application ,End User ,Control Features ,Regional |
| Key Market Opportunities |
Growing adoption in industrial applications Increasing demand for energy efficiency Expansion into emerging markets Technological advancements in soft starters Surge in renewable energy integration |
| Key Market Dynamics |
Growing demand for energy efficiency Industrial automation Increasing adoption in emerging economies Government regulations for energy conservation Technological advancements |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global soft starter market was valued at USD 4.67 billion in 2023 and is projected to reach USD 10.9 billion by 2032, exhibiting a CAGR of 9.89% during the forecast period.
Asia Pacific is expected to dominate the global soft starter market over the forecast period due to the increasing demand for energy-efficient solutions and the growing industrial sector in countries such as China, India, and Japan.
Soft starters are primarily used in applications that require controlled starting of electric motors. Key applications include pumps, fans, compressors, conveyors, and cranes.
Major players in the global soft starter market include ABB, Siemens, Schneider Electric, General Electric, and Eaton. These companies offer a wide range of soft starters to meet the diverse needs of customers across various industries.
The rising demand for energy efficiency, increasing automation in industries, and the growing adoption of soft starters in developing economies are the primary factors driving the growth of the global soft starter market.
The high cost of soft starters, the lack of awareness about energy efficiency in some regions, and the intense competition among market players are the key challenges faced by the global soft starter market.
The COVID-19 pandemic had a negative impact on the global soft starter market in the short term due to disruptions in supply chains and a decline in industrial activities. However, the market is expected to recover in the post-pandemic period as industries resume operations and invest in energy-efficient solutions.
The increasing adoption of automation in industries, the growing demand for energy-efficient solutions, and the government regulations promoting energy conservation are expected to provide significant growth opportunities for the global soft starter market in the coming years.
The key factors influencing the pricing of soft starters include the power rating, voltage rating, enclosure type, and the brand reputation. Additionally, factors such as customization, certifications, and warranty offered by manufacturers also impact the pricing.
The global soft starter market is segmented based on power rating, voltage rating, enclosure type, application, and region. The power rating segment includes starters with ratings ranging from a few kilowatts to several megawatts. The voltage rating segment covers starters for low voltage, medium voltage, and high voltage applications. The enclosure type segment includes starters with open, enclosed, and explosion-proof enclosures. The application segment includes starters used in various industries such as oil and gas, mining, construction, and manufacturing.
