Soft Starter Market Size, Share

Growth and expansion of semiconductors industry especially in the emerging ones, growing usage of soft starter by the small and medium scale enterprises in the developing economies, surging awareness about the benefits of soft starter, upgrading and revitalization of infrastructure, growth in automation sector, rising number of oil and gas exploration activities, rising up gradation of existing infrastructure with advanced systems and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of soft starter market. Data Bridge Market Research analyses that the soft starter market will exhibit a CAGR of 6.78% for the forecast period of 2022-2029. Therefore, the soft starter would rocket up to USD 1.66 billion by 2029.