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The Global Soft Starter Market is expected to grow by USD 359.90 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period

ReportLinker
·2-min read

Global Soft Starter Market 2020-2024 The analyst has been monitoring the soft starter market and it is poised to grow by USD 359. 90 mn during 2020-2024 progressing at a CAGR of 4% during the forecast period.

New York, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Soft Starter Market 2020-2024" - https://www.reportlinker.com/p05028506/?utm_source=GNW
Our reports on soft starter market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the demand for energy-efficient products and less supervision required due to built-in software. In addition, demand for energy-efficient products is anticipated to boost the growth of the market as well.
The soft starter market analysis includes the end-user segment, application segment, and geographical landscapes.

The soft starter market is segmented as below:
By End-user
• Oil and gas
• Mining
• Power
• Automotive
• Others

By Application
• pumps
• fans and blowers
• compressors
• others

By Geographical landscapes
• APAC
• Europe
• North America
• MEA
• South America

This study identifies the need for enhancing productivity by reducing the downtime as one of the prime reasons driving the soft starter market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our soft starter market covers the following areas:
• Soft starter market sizing
• Soft starter market forecast
• Soft starter market industry analysis


Read the full report: https://www.reportlinker.com/p05028506/?utm_source=GNW

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