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Written by Arpit Barve » Updated on: October 23rd, 2024
The Motor Starting Capacitor Market is expected to grow from USD 928.00 Million in 2022 to USD 1279.83 Million by 2030, at a CAGR of 4.10% during the forecast period.
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The global motor starting capacitor market is projected to grow at a CAGR of 4.10% during the forecast period of 2023-2030. The increasing demand for electric motors in various industries, including automotive, construction, and HVAC, is driving the growth of the market. The market is segmented by type into non-polarized capacitors and polarized capacitors. The polarized capacitors segment is expected to hold a significant share of the market due to its usage in heavy-duty applications. The Asia Pacific region is expected to dominate the market due to the growing industrialization and urbanization in emerging economies like China and India. The market size was valued at USD 928.00 Million in 2022 and is expected to reach USD 1279.83 Million by 2030.
The objective of the report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economics, technology, market entry, etc.
Motor Starting Capacitor is an electrical component used to briefly increase the starting torque and power of electric motors. The Motor Starting Capacitor market research report segments the market based on types such as 125V, 165V, 250V, 330V, and others. The report also covers its applications in air conditioners, powered gates, and others, across regions including North America, Asia Pacific, the Middle East, Africa, Australia, and Europe. The key market players mentioned in the report are Capacitor Industries, TDK, Amber Capacitors, Seika, Tibcon, BMI, Kemet, Lexur Capacitor, Dingfeng, Shanghai Startlight, JB Capacitor, Illinois Capacitor, and Sanman Capacitors. The report also discusses regulatory and legal factors specific to market conditions. These factors can significantly impact the market growth and strategies of the players in this market.
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The Motor Starting Capacitor market has witnessed several trends in recent years, with manufacturers focusing on developing sustainable and environmentally-friendly products. Additionally, the use of advanced technologies, such as IoT and AI, in motor starting capacitors has further enhanced their performance and reliability. However, the market faces several challenges which may hinder growth, such as increasing competition, supply chain disruptions, and fluctuating raw material prices.
The report findings suggest that the Motor Starting Capacitor market will continue to grow due to increasing demand from a range of end-use industries, technological advancements, and the development of sustainable products. Manufacturers should focus on developing innovative products and adopting advanced technologies to remain competitive in the market. Additionally, addressing supply chain challenges and ensuring a consistent supply of raw materials will be vital for sustained growth.
This report covers impact on COVID-19 and Russia-Ukraine wars in detail.
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