Press Release / Industry / Combination Starter Market worth 926.6 Million USD by 2020

Combination Starter Market worth 926.6 Million USD by 2020

A Combination Starter is composed of a motor starter, circuit breaker or disconnecting switch, overload relay, an enclosure of desired specification, and wirings, among other elements. Factors driving the combination starter market include the increasing demand for pumps, low cost & compact nature of combination starters, and growing concerns regarding motor control and protection.

The global combination starter market has been primarily segmented on the basis of its type which includes reversing and non-reversing. Secondly it has been segmented on the basis of power rating into up to 7.5KW, 7.5-75 KW and above 75 KW. The Third type of segmentation is by application which includes; pumps, fans, compressors, conveyors, and others.

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Global combination starter market is projected to grow at a CAGR of 5.19% from 2015 to 2020, to reach a market size of USD 926.6 Million by 2020. This growth can be attributed to the increasing demand for motors and growing concerns related to motor control & protection.

All equipment and services related to electricity, power transmission, and electronics require motor control and protection, along with short circuit and overload protection. Combination starter plays a crucial role in safeguarding the equipment and related machinery from short circuits and overloads in the event of power abnormalities.

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China, Japan, and India are the fastest-growing markets for combination starters in the region, registering CAGRs of 5.42%, 5.23%, and 5.29% respectively during the forecast period.

Scope Of Report :

By Type:
• Non-reversing
• Reversing
By Rated Power:
• Up to 7.5 kW
• 7.5 to 75 kW
• Above 75 kW
By Application:
• Pumps
• Fans
• Compressors
• Conveyors
• Others
By Industry:
• Oil & gas
• Water & wastewater
• Infrastructure (residential & commercial)
• Metals & mining
• Food & beverages
• Others
By Region:
• Asia-Pacific
• Europe
• North America
• South America
• The Middle East & Africa

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Key Player:
Some of the Leading Players in the combination starter market are ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric (France), Eaton Corporation (Ireland), and General Electric Company (U.S.). New product development was the strategy most widely adopted by top players in the market, constituting 31% of the total strategic developments during 2011-15s .

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