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. The report segments the combination starter market on the basis of major end-user industries, which include oil & gas, water & wastewater, infrastructure, food & beverages, metals & mining, and other industries. Oil & gas, water & wastewater, and infrastructure are set to be the fastest-growing industries in the combination starter market from 2015 to 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. 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.

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Key Player Analysis:
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.

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Scope of Report:
This study answers several questions for stakeholders such as OEMs, distributers & suppliers, consulting firms, private equity groups, investment houses, equity research firms, and others. The report provides information about key market segments to focus on in the next two to five years to prioritize efforts and investments.

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