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.
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. The global combination starter market size touched USD 687.1 Million in 2014, at USD 926.6 Million by 2020, and is expected to grow at a CAGR of 5.19% from 2015to 2020. The global combination starter market has been primarily segmented on the basis of its type which includes reversing and non-reversing.
Secondly it has been segmented on the basis of power rating into up to 7.5KW, 7.5-75 KW and above 75 KW. The Third type of segmentation is by application which includes; pumps, fans, compressors, conveyors, and others. The market has been further segmented on the basis of end-use industry into oil & gas, water & wastewater, infrastructure, metals & mining, Food & Beverage and others. Finally, the market is segmented based on the regional markets into North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. Historical Year – 2013
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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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Combination Starter Market grow to 926.6 Million USD by 2020
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