Global Magnetic Starters Market

Global Magnetic Starters Market Research Report 2023, Forecast to 2028

Global Magnetic Starters Market

Global Magnetic Starters Market Research Report 2023, Forecast to 2028


The Magnetic Starters Market report highlights technological advancements, investment opportunities, and regulatory frameworks shaping the industry landscape through 2030.

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A magnetic starter is an electromagnetically operated switch which provides a safe method for starting an electric motor with a large load.

Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital flows are compared across scenarios to demonstrate their impact over the forecast period.

Data collected includes market dynamics, technology outlook, application development, and pricing trends. All of this is fed into a research model, which then produces relevant data for market research. Global market trend analysis is given including historical data, estimates to 2023 and compound annual growth rate (CAGR) forecast to 2028.

Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

2023 will be a tough year for much of the global economy, as the ongoing war in Ukraine continues to strain trade, especially in Europe, and the global economy remains reeling from the fallout from the COVID-19 pandemic.

But as China moves ever closer to fully reemerging from three years of government-imposed Covid isolation and reintegrating with the world, economic expectations are high.And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost.

The report researches and analyzes the influence of the Magnetic Starters industry in the new era of global post-COIVD-19 economy in 2023, and provides in-depth analysis and professional suggestions on the current development.

Market Segment by Product Type

DC Motor

AC Motor

Market Segment by Product Application

General Purpose

Rain Tight

Water Tight

Water and Corrosion Resistant

Finally, the report provides detailed profile and data information analysis of leading company.

Schneider Electric.

Mitsubishi Electric Corporation

Siemens AG

Riken Electric Co., Ltd.

Westinghouse Electric Corporation

Eaton

Emerson Industrial Automation

WEG Industries

Insights and Tools:

We follow a comprehensive process to estimate market size. Key industry dynamics, regulatory scenarios, and segmental dynamics are analyzed to understand their impact on demand over the forecast period. Macroeconomic indicators such as prices, income and demographic changes, demand changes, etc. are considered in estimating market size. We also provide an in-depth profile of the key players and discuss their market shares in the global market to derive the market value. In addition, we have an internal database that is regularly updated with key insights and press releases from key stakeholders in the relevant market.

The data is generally gathered in various arrangements such as charts, graphs, infographics, trends, documents and records from various manufacturers and retailers. Our analyst gather, collect, and interpret such data to form significant databases. Our team then works with large data volumes to analyze core developments, evaluate market estimations, and identify trends.

The market research includes historical and forecast data from like demand, application details, price trends, and company shares by geography, especially focuses on the key regions like United States, European Union, China, and other regions.

Research Objectives

1.To study and analyze the global Magnetic Starters consumption (value) by key regions/countries, product type and application, history data from 2018 to 2022, and forecast to 2028.

2.To understand the structure of Magnetic Starters market by identifying its various subsegments.

3.Focuses on the key global Magnetic Starters manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.

4.To analyze the Magnetic Starters with respect to individual growth trends, future prospects, and their contribution to the total market.

5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

6.To project the consumption of Magnetic Starters submarkets, with respect to key regions (along with their respective key countries).

7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

8.To strategically profile the key players and comprehensively analyze their growth strategies.

Global Magnetic Starters Market Research Report 2023, Forecast to 2028

1 Market Study Overview

1.1 Study Objectives

1.2 Magnetic Starters Introduce

1.3 Combined with the Analysis of Macroeconomic Indicators

1.4 Brief Description of Research methods

1.5 Market Breakdown and Data Triangulation

2 Global Trend Summary

2.1 Magnetic Starters Segment by Type

2.1.1 DC Motor

2.1.2 AC Motor

2.2 Market Analysis by Application

2.2.1 General Purpose

2.2.2 Rain Tight

2.2.3 Water Tight

2.2.4 Water and Corrosion Resistant

2.3 Global Magnetic Starters Market Comparison by Regions (2018-2028)

2.3.1 Global Magnetic Starters Market Size (2018-2028)

2.3.2 North America Magnetic Starters Status and Prospect (2018-2028)

2.3.3 Europe Magnetic Starters Status and Prospect (2018-2028)

2.3.4 China Magnetic Starters Status and Prospect (2018-2028)

2.3.5 Japan Magnetic Starters Status and Prospect (2018-2028)

2.3.6 Southeast Asia Magnetic Starters Status and Prospect (2018-2028)

2.4 Basic Product Information

2.4.1 Basic Product Information & Technology Development History

2.4.2 Product Manufacturing Process

2.4.3 Interview with Major Market Participants

2.4.4 High-end Market Analysis and Forecast

2.5 Coronavirus Disease 2020 (Covid-19): Magnetic Starters Industry Impact

2.5.1 Magnetic Starters Business Impact Assessment - Covid-19

2.5.2 Market Trends and Magnetic Starters Potential Opportunities in the COVID-19 Landscape

2.5.3 Measures / Proposal against Covid-19

3 Competition by Manufacturer

3.1 Global Magnetic Starters Sales and Market Share by Manufacturer (2018-2023)

3.2 Global Magnetic Starters Revenue and Market Share by Manufacturer (2018-2023)

3.3 Global Magnetic Starters Industry Concentration Ratio (CR5 and HHI)

3.4 Top 5 Magnetic Starters Manufacturer Market Share

3.5 Top 10 Magnetic Starters Manufacturer Market Share

3.6 Date of Key Manufacturers Enter into Magnetic Starters Market

3.7 Key Manufacturers Magnetic Starters Key Manufacturers

3.8 Mergers & Acquisitions Planning

4 Analysis of Magnetic Starters Industry Key Manufacturers

4.1 Schneider Electric.

4.1.1 Compan Detail

4.1.2 Schneider Electric. Magnetic Starters Product Introduction, Application and Specification

4.1.3 Schneider Electric. 131 Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.1.4 Main Business Overview

4.1.5 Schneider Electric. News

4.2 Mitsubishi Electric Corporation

4.2.1 Compan Detail

4.2.2 Mitsubishi Electric Corporation Magnetic Starters Product Introduction, Application and Specification

4.2.3 Mitsubishi Electric Corporation Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.2.4 Main Business Overview

4.2.5 Schneider Electric. News

4.3 Siemens AG

4.3.1 Compan Detail

4.3.2 Siemens AG Magnetic Starters Product Introduction, Application and Specification

4.3.3 Siemens AG Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.3.4 Main Business Overview

4.3.5 Siemens AG News

4.4 Riken Electric Co., Ltd.

4.4.1 Compan Detail

4.4.2 Riken Electric Co., Ltd. Magnetic Starters Product Introduction, Application and Specification

4.4.3 Riken Electric Co., Ltd. Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.4.4 Main Business Overview

4.4.5 Riken Electric Co., Ltd. News

4.5 Westinghouse Electric Corporation

4.5.1 Compan Detail

4.5.2 Riken Electric Co., Ltd. Magnetic Starters Product Introduction, Application and Specification

4.5.3 Westinghouse Electric Corporation Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.5.4 Main Business Overview

4.5.5 Westinghouse Electric Corporation News

4.6 Eaton

4.6.1 Compan Detail

4.6.2 Eaton Magnetic Starters Product Introduction, Application and Specification

4.6.3 Eaton Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.6.4 Main Business Overview

4.6.5 Eaton News

4.7 Emerson Industrial Automation

4.7.1 Compan Detail

4.7.2 Emerson Industrial Automation Magnetic Starters Product Introduction, Application and Specification

4.7.3 Emerson Industrial Automation Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.7.4 Main Business Overview

4.7.4 Main Business Overview

4.8 WEG Industries

4.8.1 Compan Detail

4.8.2 WEG Industries Magnetic Starters Product Introduction, Application and Specification

4.8.3 WEG Industries Magnetic Starters Sales, Price, Cost, Gross Margin, and Revenue (2018-2023)

4.8.4 Main Business Overview

4.8.5 WEG Industries News

5 Global Magnetic Starters Market Segment by Big Type

5.1 Global Magnetic Starters Revenue, Sales and Market Share by Big Type (2018-2023)

5.1.1 Global Magnetic Starters Sales and Market Share by Big Type (2018-2023)

5.1.2 Global Magnetic Starters Revenue and Market Share by Big Type (2018-2023)

5.2 DC Motor Sales Growth Rate and Price

5.2.1 Global DC Motor Sales Growth Rate (2018-2023)

5.2.2 Global DC Motor Price (2018-2023)

5.3 AC Motor Sales Growth Rate and Price

5.3.1 Global AC Motor Sales Growth Rate (2018-2023)

5.3.2 Global AC Motor Price (2018-2023)

6 Global Magnetic Starters Market Segment by Big Application

6.1 Global Magnetic Starters Sales Market Share by Big Application (2018-2023)

6.2 General Purpose Sales Growth Rate (2018-2023)

6.3 Rain Tight Sales Growth Rate (2018-2023)

6.4 Water Tight Sales Growth Rate (2018-2023)

6.5 Water and Corrosion Resistant Sales Growth Rate (2018-2023)

7 Global Magnetic Starters Forecast

7.1 Global Magnetic Starters Revenue, Sales and Growth Rate (2023-2028)

7.2 Magnetic Starters Market Forecast by Regions (2023-2028)

7.2.1 North America Magnetic Starters Market Forecast (2023-2028)

7.2.2 Europe Magnetic Starters Market Forecast (2023-2028)

7.2.3 China Magnetic Starters Market Forecast (2023-2028)

7.2.4 Japan Magnetic Starters Market Forecast (2023-2028)

7.2.5 Southeast Asia Magnetic Starters Market Forecast (2023-2028)

7.2.6 Other Regions Magnetic Starters Market Forecast (2023-2028)

7.3 Magnetic Starters Market Forecast by Type (2023-2028)

7.3.1 Global Magnetic Starters Sales Forecast by Type (2023-2028)

7.3.2 Global Magnetic Starters Market Share Forecast by Type (2023-2028)

7.4 Magnetic Starters Market Forecast by Application (2023-2028)

7.4.1 Global Magnetic Starters Sales Forecast by Application (2023-2028)

7.4.2 Global Magnetic Starters Market Share Forecast by Application (2023-2028)

8 Market Analysis

8.1.1 Market Overview

8.1.2 Market Opportunities

8.1.3 Market Risk

8.1.4 Market Driving Force

8.1.5 Porter's Five Forces Analysis

8.1.6 SWOT Analysis

9 Magnetic Starters Related Market Analysis

9.1 Upstream Analysis

9.1.1 Macro Analysis of Upstream Markets

9.1.2 Key Players in Upstream Markets

9.1.3 Upstream Market Trend Analysis

9.1.4 Magnetic Starters Manufacturing Cost Analysis

9.2 Downstream Market Analysis

9.2.1 Macro Analysis of Down Markets

9.2.2 Key Players in Down Markets

9.2.3 Downstream Market Trend Analysis

9.2.4 Sales Channel, Distributors, Traders and Dealers

10 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Magnetic Starters Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why is the Magnetic Starters Market trending toward high growth trajectories?
A dynamic process in the Magnetic Starters Market is initiated by new entrants, including competitors from unrelated industries, in addition to the established players like ABB, Siemens, Schneider Electric, Rockwell Automation, Eaton, and others..
Is the Magnetic Starters Market shifting its focus from growth to value?
Recognize the areas along the Magnetic Starters Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What are the major applications of the Magnetic Starters Market?
Depending upon the type of applications, the Magnetic Starters Market has been segmented into and other applications.
How big is the Magnetic Starters Market by 2030?
It is expected that the Magnetic Starters Market will reach USD XX million by 2030.
Is further segmentation possible given the scope of the Magnetic Starters Market study?
Yes, the add-on segmentation is available in the premium customised version of the Magnetic Starters Market report for a more in-depth analysis. It aids in the calculation of refined and precise market values.
How is the competitive landscape for the Magnetic Starters Market defined?
Companies in the Magnetic Starters Industry are thoroughly researched and profiled in order to determine why certain trends will have a significant impact and how they will be factored into the Magnetic Starters Market's trajectory and future outlook.