Product Code: ETC267563 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
In South Korea, the motor soft starter market is expanding due to the rising need for efficient and reliable motor control solutions in various industries. Soft starters are crucial in minimizing mechanical stress and reducing electrical current surge during motor startup. This market`s growth is fueled by the increasing adoption of automation and the need for energy-efficient motor control systems in sectors such as manufacturing, water treatment, and HVAC.
The South Korea motor soft starter market is propelled by the increasing adoption of automation and industrial control systems. The need for reduced mechanical stress on motors during startup, coupled with the benefits of energy savings and enhanced motor longevity, is driving demand. Additionally, the expansion of manufacturing industries and infrastructure development projects further boost the market.
The motor soft starter market in South Korea is confronted with technological advancements that require continuous R&D investment, posing a financial strain on smaller companies. Additionally, the high initial cost of soft starters compared to traditional starters makes it challenging to convince cost-sensitive customers to adopt these solutions. Market players also face the challenge of integrating soft starters with existing systems in various industrial applications, which can be technically complex and time-consuming. The presence of established international brands intensifies competition, requiring local firms to differentiate their products significantly to maintain market share.
The South Korean government supports the motor soft starter market through regulations aimed at improving energy efficiency and reducing electrical grid strain. Policies include financial incentives for companies that upgrade to soft starter technologies and stringent standards for energy consumption in industrial applications, aligning with the nations goals for sustainable energy management.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Motor Soft Starter Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Motor Soft Starter Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Motor Soft Starter Market - Industry Life Cycle |
3.4 South Korea Motor Soft Starter Market - Porter's Five Forces |
3.5 South Korea Motor Soft Starter Market Revenues & Volume Share, By Voltage, 2021 & 2031F |
3.6 South Korea Motor Soft Starter Market Revenues & Volume Share, By Rated Power, 2021 & 2031F |
3.7 South Korea Motor Soft Starter Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 South Korea Motor Soft Starter Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 South Korea Motor Soft Starter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrial automation in South Korea leading to higher demand for motor soft starters |
4.2.2 Growing emphasis on energy efficiency and cost savings driving adoption of motor soft starters |
4.2.3 Government initiatives promoting the use of energy-efficient technologies in industries |
4.3 Market Restraints |
4.3.1 High initial investment cost of motor soft starters limiting adoption |
4.3.2 Lack of awareness and understanding about the benefits of motor soft starters among end-users |
4.3.3 Presence of alternative technologies such as variable frequency drives competing with motor soft starters |
5 South Korea Motor Soft Starter Market Trends |
6 South Korea Motor Soft Starter Market, By Types |
6.1 South Korea Motor Soft Starter Market, By Voltage |
6.1.1 Overview and Analysis |
6.1.2 South Korea Motor Soft Starter Market Revenues & Volume, By Voltage, 2021-2031F |
6.1.3 South Korea Motor Soft Starter Market Revenues & Volume, By Low Voltage, 2021-2031F |
6.1.4 South Korea Motor Soft Starter Market Revenues & Volume, By Medium Voltage, 2021-2031F |
6.2 South Korea Motor Soft Starter Market, By Rated Power |
6.2.1 Overview and Analysis |
6.2.2 South Korea Motor Soft Starter Market Revenues & Volume, By Up To 750 W, 2021-2031F |
6.2.3 South Korea Motor Soft Starter Market Revenues & Volume, By 751 W??75 Kw, 2021-2031F |
6.2.4 South Korea Motor Soft Starter Market Revenues & Volume, By Above 75 Kw, 2021-2031F |
6.3 South Korea Motor Soft Starter Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 South Korea Motor Soft Starter Market Revenues & Volume, By Pump, 2021-2031F |
6.3.3 South Korea Motor Soft Starter Market Revenues & Volume, By Fan, 2021-2031F |
6.3.4 South Korea Motor Soft Starter Market Revenues & Volume, By Compressor, 2021-2031F |
6.3.5 South Korea Motor Soft Starter Market Revenues & Volume, By Others, 2021-2031F |
6.4 South Korea Motor Soft Starter Market, By Industry |
6.4.1 Overview and Analysis |
6.4.2 South Korea Motor Soft Starter Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.4.3 South Korea Motor Soft Starter Market Revenues & Volume, By Water & Wastewater, 2021-2031F |
6.4.4 South Korea Motor Soft Starter Market Revenues & Volume, By Power Generation, 2021-2031F |
6.4.5 South Korea Motor Soft Starter Market Revenues & Volume, By Mining, 2021-2031F |
6.4.6 South Korea Motor Soft Starter Market Revenues & Volume, By Others, 2021-2031F |
7 South Korea Motor Soft Starter Market Import-Export Trade Statistics |
7.1 South Korea Motor Soft Starter Market Export to Major Countries |
7.2 South Korea Motor Soft Starter Market Imports from Major Countries |
8 South Korea Motor Soft Starter Market Key Performance Indicators |
8.1 Energy savings achieved by using motor soft starters |
8.2 Number of industrial automation projects incorporating motor soft starters |
8.3 Adoption rate of motor soft starters in key industries |
8.4 Number of government projects or incentives supporting the use of energy-efficient technologies |
8.5 Rate of growth in the market for motor soft starters compared to traditional starters. |
9 South Korea Motor Soft Starter Market - Opportunity Assessment |
9.1 South Korea Motor Soft Starter Market Opportunity Assessment, By Voltage, 2021 & 2031F |
9.2 South Korea Motor Soft Starter Market Opportunity Assessment, By Rated Power, 2021 & 2031F |
9.3 South Korea Motor Soft Starter Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 South Korea Motor Soft Starter Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 South Korea Motor Soft Starter Market - Competitive Landscape |
10.1 South Korea Motor Soft Starter Market Revenue Share, By Companies, 2024 |
10.2 South Korea Motor Soft Starter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |