Market Share of Soft Starter Industry
The soft starter market consists market is competitive and is dominated by a few major players like Siemens AG, Schneider Electric SE, Eaton Corporation PLC, ABB Ltd and Rockwell Automation Inc. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
- June 2020 - Eaton, a power management company, announced its agreement to purchase a new facility in Hodges, South Carolina, to establish a new home for Eaton's busway product line, which is currently spanning three facilities across Greenwood County. The new facility's investment can consolidate operations to one location to support the accelerated growth of this comprehensive portfolio of power distribution and control equipment solutions used in hospitals, data centers, factories, and commercial, residential, and industrial facilities.
- February 2020 - Aucom Electronics Ltd, has launched new addition to soft starter range, the EMX4 advanced soft tarter which is smaller in size and packed with smart motor control and protection features.It also includes the Smart Card capability which transform it from super smart motor controller to complete system controller. It also includes starter, motor and system protection functions, complete with alarms to alert the user to any potential issues.
Soft Starter Market Leaders
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Siemens AG
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Schneider Electric SE
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Eaton Corporation PLC
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Rockwell Automation Inc.
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ABB Ltd.
*Disclaimer: Major Players sorted in no particular order
