"Actionable Insights to Fuel Your Growth"
Manual motor starters act as an electromechanical protective device for the main electronic circuit. These motors are mainly used for switching motors ON or OFF manually and to protect them against short circuits, overloads, and phase failure with little protection. The fuseless protection with a manual motor starter saves space and cost ensures a quick response in the event of a short circuit by switching off the motor within milliseconds.
Based on the product, the market is segmented into AC manual motor starters and DC manual motor starters. AC manual motor starters segment captured the largest market share in terms of revenue in 2020 because these starters keep the AC motors safe from overload, under load, power surges, and circuit failures.
The manual motor starters market is segmented based on end users including oil & gas, industrial manufacturing, metals & mining, water & wastewater, and others. The end-user oil & gas segment dominated the market in 2020 due to factors such as increased investment by major oil & gas companies and the growth of the industrial sector in developing countries such as India, Malaysia, China, Brazil, and Indonesia, which will increase the demand for oil and natural gas. These factors are anticipated to drive the growth of manual motor starters in this oil & gas end-user segment.
Following the recent trend, electric motors account for the largest share of energy consumption in the industry. This in turn will lead to an increased need to increase the efficiency of these motors through speed control with industrial motor starters. The need to reduce maintenance costs and machine downtimes will also lead to the introduction of manual motor starters in the coming years.
Manual motor starters are being traditionally used. Due to technological advancements and the emergence of the Internet of Things (IoT), automatic and magnetic starters are gaining significant market share. These new starters have a faster response time and are much more reliable as compared to manual motor starters. These factors are anticipated to hinder the growth of the market.
Key Market Driver -
Growing need to reduce maintenance costs and increase efficiency of electric motors
Key Market Restraint -
Adoption of substitutes such as automatic and magnetic motor
Some of the major companies that are present in the global manual motor starters markets are ABB, Rockwell Automation, Schneider Electric, Hubbell Incorporated, Siemens, Emerson, LS Industrial Systems, Fuji Electric Co., Ltd., CHINT electric, and LOVATO Electric SpA.
The manual motor starters market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region dominated the market in 2020 and increased investment in power generation, construction, and industrialization projects. In addition, the increasing expansion of power generation capacity and electricity demand is expected to further boost the manual motor starters market in this region.
North America emerged as one of the prominent regional markets in terms of revenue due to stringent regulations pertaining to the safety of personnel operating the motors. Also, manual motor starters are widely installed in oil & gas pipelines and the food & beverage industry in the U.S. and Canada.
The European market is comparatively more mature as compared to Latin America and Middle East & Africa markets. Technological innovations and the presence of key industry participants such as ABB, Eaton, Schneider Electric, and Siemens have led to the high penetration of manual motor starters in Europe.
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry