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How has the enclosed motor starter market grown over the years?

The enclosed motor starter market has grown strongly. It will increase from $1.76 billion in 2024 to $1.87 billion in 2025, at a CAGR of 6.1%. This growth is driven by the increasing demand for electric vehicles, strict energy consumption regulations, the rise of automation, the need for efficient generators in wind and solar power projects, and the greater use of electric motors.

What Is the forecasted market size and growth rate for the enclosed motor starter market?

The enclosed motor starter market is anticipated to experience significant growth, reaching $2.35 billion by 2029 with a CAGR of 5.9%. This growth is driven by factors such as the ongoing expansion of the electric vehicle market, development of new alloys and composites, growing efforts to reduce carbon footprints, increasing renewable energy installations, urbanization in developing economies, and higher R&D investments. Key trends include a greater use of high-performance materials, the shift toward smaller, lighter motor designs, the rise of smart motors with IoT connectivity for real-time optimization, advancements in manufacturing processes like laser cutting, and a demand for customized motor laminations for specific applications.

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What are the major factors driving growth in the enclosed motor starter market?

The rise in industrial automation is expected to drive the growth of the enclosed motor starter market in the future. Industrial automation involves using machinery and programming to control processes, reducing the need for human intervention. Technological advancements, safety regulations, and the demand for real-time data are driving the growth of automation. Enclosed motor starters are essential in industrial automation systems, providing motor protection and control. For example, in September 2023, the International Federation of Robotics reported that 553,052 industrial robots were installed worldwide in 2022, reflecting a 5% increase from the previous year. This rise in automation is contributing to the growth of the enclosed motor starter market.

What key areas define the segmentation of the global enclosed motor starter Market?

The enclosed motor starter market covered in this report is segmented –

1) By Type: Metal Shell, Plastic Shell

2) By Power Source: Alternate Current, Direct Current

3) By Application: Commercial, Industrial

4) By Sales Channel: Direct Sales, Distributors

5) By End User: Automotive Industry, Oil And Gas, Power Plants, Manufacturing Units

Subsegments:

1) By Metal Shell: Cast Aluminum Shell Enclosed Motor Starters, Steel Shell Enclosed Motor Starters

2) By Plastic Shell: Polycarbonate Shell Enclosed Motor Starters, Polypropylene Shell Enclosed Motor Starters

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What are the top market players propelling the growth of the enclosed motor starter industry?

Major companies operating in the enclosed motor starter market are Siemens AG, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd, Eaton Corporation, Nidec Motor Corporation, Danfoss Inc., Rockwell Automation Inc., Fuji Electric Co. Ltd., WEG S.A., Hubbell Incorporated, Yaskawa Electric Corporation, SEW-EURODRIVE GmbH & Co KG, Franklin Electric Co. Inc., Leviton Manufacturing Co. Inc., Baldor Electric Company, Benshaw Inc., Toshiba International Corporation, C3 Controls Company Inc., Sprecher + Schuh AG, Springer Controls Company Inc., MCI Control Solutions LLC, Allied Power and Control Inc., LS Industrial Systems Co. Ltd.

What are the key trends shaping the future of the enclosed motor starter market?

Companies in the enclosed motor starter market are working on solutions to improve energy efficiency in industrial applications, particularly by supporting the energy transition. For instance, in April 2024, WEG S.A., a Brazilian manufacturing company, introduced the W23 Sync+Ultra motor. This motor sets new benchmarks in energy efficiency, surpassing previous standards and reducing energy losses by 20%. It represents a major step in enhancing operational efficiency and reducing carbon emissions in industrial settings.

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What regions are dominating the enclosed motor starter market growth?

North America was the largest region in the enclosed motor starter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the enclosed motor starter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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