What is the Global Soft Starter Market Size?
The Global Soft Starter Market is valued at XX million US$ in 2017 and is expected to reach XX million US$ by the end of 2025, growing at a CAGR of XX % between 2018 and 2025.
Global Soft Starter Market Overview:
Soft starters are used with alternative electric motors to temporarily reduce the load and torque of a powertrain. This is done to reduce the mechanical stress and increase the durability of the engine. The soft starter is equipped with a microprocessor and software that controls the speed, which saves energy, regardless of the load. In addition, the integrated software does not require supervision and automatically monitors the engine, reducing the cost of employee supervisors. In addition, flexible motors are widely used in various fields, such as cement industries, steel mills, rubber and plastic industries and the energy sector.
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Global Soft Starter Market Drivers and Restraints:
The market of soft starters for motors is growing the increasing application of these systems in the different industries. The use of the soft starter ensures a smooth start by controlling the torque for a gradual acceleration of the drive system. This prevents vibrations and prolongs the life of the mechanical components. In addition, the soft starter reduces the starting current to allow the power cut and retains it during the acceleration of the control system. As a result, electrical equipment is protected against thermal, mechanical or electrical stresses.
However, several factors will hinder the growth of the market. Soft starters are mainly used to limit the starting current to the motor, which guarantees the stability of the network. This also prevents the voltage drop of the network. But if the network voltage is too high, voltage sensitive equipment can fall. This can create problems for network users. In such a situation, Direct on Line (DOL) starters are more advantageous because they are cheaper. In addition, variable frequency units are much more popular in terms of technology and efficiency.
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Global Soft Starter Market-Geographic Segmentation:
By geography, the market has been divided into four regions; North America, Europe, Asia Pacific and Rest of the world. North America and Europe are the first adapters of technology and, therefore, should dominate the market during the forecast period. However, Asia-Pacific has been analyzed as the fastest growing region due to the presence of developing countries such as India and China.
Some of the Key Players Included in this Global Soft Starter Market Report are:
Some of the prominent players of the market include Siemens AG, Schneider Electric, Eaton Corporation PLC, ABB Ltd, Emerson Electric Co., Crompton Greaves Limited, Danfoss A/S, Rockwell Automation, Toshiba Corporation and WEG SA among others.
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