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The global soft starter market is expected to grow from USD 2.230 billion in 2025 to USD 2.924 billion in 2030, at a CAGR of 5.57%.
The extensive product use across several industrial verticals as a result of the rising demand for electric motors and industrial pumps is one of the main factors propelling the soft starter market's expansion. Further, the expansion of the construction industry has increased the use of soft starters in HVAC (heating, ventilation, and air conditioning) applications, which is fueling market expansion. This is further backed up by the expanding product market in data centers, which helps to lower the inrush current needed to run the systems.
The development of soft starters in compact, adaptable, and modular designs has been made possible by the extensive integration of various digital solutions. These designs offer advanced features and functions to customers and suppliers, such as improved protection and superior interaction capabilities, increased efficiency, and decreased downtime. In turn, this is driving up the product's overall global sales. several encouraging initiatives being made by the governments of various nations to invest in wastewater projects, where the soft starter is used in pumps and coolers to assure access to clean water, is functioning as an additional growth-inducing aspect.
Soft starter technology used in the oil and gas industry delivers significant benefits to electrical components by minimizing mechanical stress on the motor and shaft, hence increasing the whole system's lifespan. For instance, the International Energy Agency (IEA) projects that the demand for natural gas will increase significantly over the coming years, with extra consumption of 370 billion cubic meters (bcm) by 2022, up from 3,630 bcm in 2016, indicating an increase of 1.6% annually. The substantial investment in the oil and gas industry is expected to increase demand for soft starters and propel market expansion. For instance, as per the International Energy Forum, the oil and gas upstream investment rose by 39% to $499 billion in 2022, the biggest spike since 2014 and the largest year-over-year increase in history.
According to estimates from the Office for National Statistics, UK, there is significant growth in the gross value addition for the mining & quarrying sector in the UK excluding the oil & gas sector. It has increased up to 2.8 Euro Billion in 2022 from around 2.1 Euro billion in the year 2020. This indicated favorable prospects for the market till the forecast period with greater applications across Mining, Energy & Power, and Oil & gas sectors among others. The quarrying & mining turnover will witness an upward trend with greater mining operations in different parts of the UK & neighboring countries such as France, Germany, and Italy among others.
The bolstering growth for the soft starters market is due to the widespread usage of motor soft starters in various Industries such as mining, oil & gas, and power generation among others. The increasing demand is due to the large number of foreign manufacturers in the country bringing innovative products that are expected to boost market growth. For instance- In 2021, Motortronics UK, one of the key players in the UK market announced its launch of innovative motor control & protection solutions. It includes the launch of VMX-synergy Plus in early 2022 having a unique combination of additional product features, and sizes to enhance performance for end users with its soft starter designs.
Segmentation:
By Voltage
Low
Medium
By End-Users
Oil and Gas
Food and Beverage
Textile Industry
Energy and Power
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others