The Motor Soft Starter Market is to Touch $4 Billion by 2030; Industries are integrating IIoT to monitor and control motors more effectively. IIoT-enabled soft starters offer real-time data, predictive maintenance capabilities, and remote diagnostics, improving overall efficiency and reliability are cater to the growth of this market.

The Motor Soft Starter Market size is estimated to reach $4 billion by 2030, growing at a CAGR of 7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Motor Soft Starter Market  – By Voltage (Low Voltage (up to 690V), Medium Voltage (690V to 6.6kV), High Voltage (above 6.6kV)), By Application (Pump, Compressor, Fan, Conveyor, Crushers, Mixers, Extruders, Others), By End Use Industry (Oil & Gas, Power Generation, Water & Wastewater, Mining, Manufacturing, Chemical & Petrochemical, Automotive, Food & Beverage, Construction, Paper & Pulp, Pharmaceuticals and Others) By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Additionally, a prominent trend in the motor soft starter market is the integration of soft starters with advanced control systems. This integration enhances efficiency, performance, and flexibility by allowing users to optimize motor operation according to specific requirements and load conditions. By leveraging advanced control systems, soft starters can adapt dynamically to varying operational demands, resulting in improved overall system efficiency and responsiveness. This trend reflects the industry's ongoing focus on enhancing motor control capabilities, catering to the evolving needs of diverse applications across different sectors within the motor soft starter market.

Asia Pacific dominated the motor soft starter segment due to several key factors with a market share of 36% in 2023. Rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations are driving the demand for motor soft starters across various sectors such as manufacturing, construction, and infrastructure development. Additionally, increasing investments in energy-efficient technologies to comply with stringent environmental regulations further boost market growth in the region. Moreover, the expanding automotive, oil & gas, and mining industries in Asia Pacific require efficient motor control solutions, thereby fueling the adoption of soft starters. Furthermore, government initiatives promoting the use of energy-efficient technologies and the growing awareness regarding the benefits of soft starters contribute to the market's robust growth trajectory in the Asia Pacific region. 

Energy efficiency is a critical driver for the motor soft starter market. With increasing energy costs and stringent regulations on energy consumption, industries are focusing on optimizing energy use. Motor soft starters help reduce energy consumption by providing a controlled start, thus minimizing electrical surges and mechanical stress on motors. This not only enhances the longevity of the equipment but also leads to significant cost savings in terms of energy bills and maintenance. The push towards sustainable and energy-efficient practices across various sectors is propelling the adoption of motor soft starters, making this an important market driver.

Technological advancements are playing a pivotal role in the growth of the motor soft starter market. Innovations such as smart motor soft starters, which can be integrated with industrial IoT (Internet of Things) systems, offer enhanced monitoring, control, and diagnostics capabilities. These advanced features allow for real-time data analysis, predictive maintenance, and improved operational efficiency. The integration of soft starters with modern automation systems provides a competitive edge to industries, fostering greater adoption. Continuous R&D and the introduction of more sophisticated motor soft starters are driving market growth by meeting the evolving needs of various industries.

• In March 2024, Mitsubishi Electric in March, partnered with Nozomi Networks to boost operational technology security solutions. They also achieved the 4th spot globally for patent applications in 2023. Looking back to December 2023, Mitsubishi Electric India opened a new manufacturing facility to support India's sustainable future goals.

• In November 2023, Siemens AG recently increased its stake in its Indian arm to 69% by acquiring an additional 18% stake from Siemens Energy in December 2023. Strengthening their presence in the growing Indian market. Additionally, Siemens continues to invest heavily in research and development (R&D), spending €6.2 billion in fiscal year 2023. Their focus areas include digitalization and future technologies for industries like healthcare and infrastructure.

Key companies profiled in the Motor Soft Starter Market are Coromandel International Ltd., ABB Ltd., Siemens AG, Schneider Electric SE, Eaton Corporation plc, Rockwell Automation, Inc., Emerson Electric Co., WEG S.A, Danfoss A/S, Toshiba Corporation, Mitsubishi Electric Corporation, Anmol Auto Electricals, Phasetronics Inc., SEG Automotive, MAHLE GmbH, Sinotech, Inc.and others.