Combination Starter Market To Witness Steady Increase By 2024

Global Combination Starter Market: Overview

Combination starter disconnects fuse, switch and enclosed circuit breaker such as starter and overloads. Every motor control circuit must be accompanied by three elements such as motor overload protection, control device, and disconnect device with short circuit protection, either as switch and fuses, circuit breaker, or motor starter protector (MSP).

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Global Combination Starter Market: Growth Factors

Increasing demand for motors and rising concerns regarding motor control & protection are factors driving the global combination starter market growth. In addition, growth in the infrastructural activities in developing regions also boost the global market growth. This is anticipated to open up new gateways for the growth opportunities in the global combination starter market. Growth in commercial and residential buildings coupled with increasing disposal income in the market is projected to propel the global market growth. The presence of large customer base in the developing economies is influencing the global combination starter market growth. Rising interest of people in the motor control and protection ability is expected to show exponential growth in the global market in the next few years.

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Global Combination Starter Market: Segmentation

The global combination starter market is segregated based on industry as infrastructure, oil & gas, food & beverages, water & wastewater, metals & mining, and others. On the basis of applications, the global market is classified as compressors, pumps, conveyors, fans, and others. Moreover, the global market is divided based on type as reversing, and non-reversing. Furthermore, on the basis of rated power, the global combination starter market is classified as up to 7.5 kW, 7.5 to 75 kW, and above 75 kW.

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Global Combination Starter Market: Regional Analysis

Geographically, the global the global market is divided as North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific. Asia Pacific is the dominating region for combination starter while Europe is following the same trend. The growth in Asia Pacific is mainly due to low cost and compact nature of the device. However, rising demand for combination starter in the industries also fosters the global market growth. Europe shows a significant growth in the global combination starter market owing to increasing awareness about motor control and protection. The Middle East and Africa may also show considerable growth in the coming years due to increasing demand for pumps and compressors in the various industries.

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Global Combination Starter Market: Competitive Players

Major players dominating the global combination starter market are Schneider Electric SE, WEG SA, General Electric Company, Emerson Electric Co., ABB Ltd., Toshiba International Corporation Ltd., and Mitsubishi Electrical Corporation. Other players include Siemens AG, Danfoss A/S, Fuji Electric Fa Components & Systems Co., Ltd., Rockwell Automation, Inc., and Eaton Corporation PLC.

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