Report explores the exclusive strategies of Combination Starter Market


Posted August 2, 2018 by ankit93

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.

 
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.
Browse 71 market data tables with 52 figures across 152 pages and in-depth TOC on “Combination Starter Market by Type (Reversing & Non-reversing), by Rated Power, by Application, by Industry (Oil & Gas, Water & Wastewater, Infrastructure, Metals & Mining, Food & Beverages & Others) and by Region - Global Forecast and Trends to 2020"

Download PDF Brochure of this report:
https://www.marketsandmarkets.com/pdfdownload.asp?id=264571039

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. Prices of the major components required for combination starters are not very volatile, which makes the overall assembly of the device inexpensive which makes the combination starters highly preferable on capital perspectives. But the market is competitive with the presence of soft starters and variable frequency drives.
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 . It was followed by mergers & acquisitions, expansions, and other developments.
The report also segments the combination starter market on the basis of its applications; these include pumps, fans, compressors, conveyors, and other applications. Pumps constitute the largest application market, as the majority of motors employed in industries are used to run pumps. Fans and compressors are also major applications that require combination starters.

Get sample of this report:
https://www.marketsandmarkets.com/requestsample.asp?id=264571039

In spite of the high cost, variable frequency drives are increasingly adopted by the industries wherever the efficiency and superior control are required. This factor has proved to be a restraint for the Combination Starter Market.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By markets and markets
Country United States
Categories Energy
Tags combination starter market
Last Updated August 2, 2018