The Enclosed Motor Starter Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Enclosed Motor Starter Market?
The market size for the enclosed motor starter has seen impressive growth recently. The market, calculated at $1.76 billion in 2024, is expected to reach $1.87 billion in 2025, increasing at a compound annual growth rate (CAGR) of 6.1%. The historical growth trend in the Enclosed Motor Starter market shows a steady progression.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Enclosed Motor Starter Industry?
The enclosed motor starter market is projected to reach $2.35 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.9%.
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What are the Key Growth Drivers Fueling the Enclosed Motor Starter Market?
The drivers in the enclosed motor starter market are:
• The increased demand for electric vehicles
• Strict global regulations on energy consumption
• Growth in automation and use of electric motors in manufacturing processes
• Expansion of wind and solar power projects requiring efficient generators
Global Market Segmentation: Identifying Major Enclosed Motor Starter Industry Segments
The enclosed motor starter market covered in this report is segmented –
1) By Type: Metal Shell, Plastic Shell
2) By Power Source: Alternate Current, Direct Current
3) By Application: Commercial, Industrial
4) By Sales Channel: Direct Sales, Distributors
5) By End User: Automotive Industry, Oil And Gas, Power Plants, Manufacturing Units
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What are the emerging Trends Shaping the Future of the Enclosed Motor Starter Market?
The trends in the enclosed motor starter market are:
• Increased use of high-performance materials is a major trend in the Enclosed Motor Starter market.
• A trend towards smaller, lighter motor designs for improved performance in diverse applications is emerging.
• Smart motors with embedded sensors and IoT connectivity for real-time monitoring and optimization are gaining popularity.
• There's a rising demand for bespoke motor laminations tailored to specific applications and performance requirements.
Who Are the Top Competitors & Leading Players in the Enclosed Motor Starter Market?
The major players in the enclosed motor starter market are:
• Siemens AG
• Mitsubishi Electric Corporation
• Schneider Electric SE
• ABB Ltd
• Eaton Corporation
• Nidec Motor Corporation
• Danfoss Inc
Regional Dominance: Which Area Leads the Global Enclosed Motor Starter Market Insights 2025: Size, Share, Trends & Strategic Forecast Market?
North America was the largest region in the enclosed motor starter market in 2024
