Motor Starters and Protection Components Market
Motor Starters and Protection Components Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Motor Starters and Protection Components Market Size
and Growth
The global Motor Starters and Protection Components market is expected to experience significant growth due to increasing demand from industries like manufacturing, mining, and oil & gas. The market size is projected to reach $7.5 billion by 2025, driven by advancements in technology and the need for efficient motor control solutions.
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Companies Covered (Covid 19 Impact Covered)
◍ ABB
◍ Schneider Electric
◍ Eaton
◍ Mitsubishi Electric
◍ Siemens
◍ GE
◍ Fuji Electric
◍ Rockwell Automation (Allen-Bradley)
◍ CHINT Electrics
◍ Alstom
◍ LS Industrial Systems
◍ Hubbell
◍ Lovato Electric
◍ FANOX
The motor starters and protection components market is highly competitive with key players like ABB, Schneider Electric, Eaton, Mitsubishi Electric, Siemens, GE, Fuji Electric, Rockwell Automation, CHINT Electrics, Alstom, LS Industrial Systems, Hubbell, Lovato Electric, and FANOX. These companies provide innovative solutions and technologies to improve the efficiency and performance of motor starters and protection components, driving market growth.
- ABB reported sales revenue of $33.4 billion in 2020.
- Schneider Electric reported sales revenue of $27 billion in 2020.
- Siemens reported sales revenue of $66.7 billion in 2020.
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Market Segmentation
By Application
◍ Oil and Gas
◍ Water and Wastewater
◍ Industrial Manufacturing
◍ Mining Industry
◍ Others
By Product
◍ DC
◍ AC
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Market Growth
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$ X Billion USD
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