Last Updated: 23-07-2025 | Format: PDF | Report ID:10539 | Author: Manisha C
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | USD Million |
| What is the projected market size by 2035? | $780 Million |
| What is the market CAGR from 2025 to 2035? | -9.8% |
| Which region dominates the market? | US (68%) |
| Which product/service type dominates the market? | Low Voltage Soft Starters (48%) |
| Which application leads the market? | Pumps (37%) |
| Who are the major buyers? | OEMs (42%), System Integrators (31%) |
| What are the key market growth drivers? | Emphasis on energy efficiency and operational cost reduction is a prime driver; Rising investment in industrial automation and smart factories |
| What are the major market challenges? | Intense market competition and price pressures; Technical complexities in retrofitting advanced soft starters into older |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| ABB, Schneider Electric, Siemens, Eaton, Rockwell Automation, WEG, General Electric, Danfoss, Mitsubishi Electric, Fuji Electric, Toshiba, Emerson Electric, LOVATO Electric, LARSEN & TOUBRO, AuCom Electronics |
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