MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Motor Soft Starters
Overview
Market size
$3.2B
global, USD
CAGR
5.8%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
7
tracked players
Signals
12
3 high severity
Market outlook
2031$4.2B
What changed
Demand by region
Asia Pacific demand40%
Europe demand25%
North America demand23%
Rest of world demand12%
share of global demandtotal 100%
Cost drivers
Semiconductors and Electronic Components35%
Copper and Wiring20%
Enclosures and Structural Metals15%
Labor and Assembly20%
Logistics and Overhead10%
share of delivered cost (analyst estimate)