Latin America Hazardous Location Motor Starters Market Size (2024 - 2029)

The Latin America hazardous location motor starters market is poised for growth, driven by the need to manage heavy starting currents and protect machines from voltage fluctuations, which enhances motor efficiency and reduces power consumption. Opportunities for market expansion are significant due to major offshore oil and gas developments, new oil discoveries, and increased focus on deepwater drilling and wastewater management. The market is influenced by the rising demand for explosion-proof motors utilizing automation and robotic technologies across various industries, including Oil & Gas, Chemicals, Mining, Marine, and Waste Water. However, the market faced challenges during the COVID-19 pandemic due to supply chain disruptions and production halts, impacting its growth trajectory.

Home Market Analysis Technology, Media and Telecom Research Automation Research Industrial Automation Research Industrial Machinery and Equipment Research Motors and Drives Research Latin America Hazardous Location Motor Starters Market Market Size

Market Size of Latin America Hazardous Location Motor Starters Industry

Latin America Hazardous Location Motor Starters Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.25 %
Market Concentration Low

Major Players

Latin America Hazardous Location Motor Starters Market Major Players

*Disclaimer: Major Players sorted in no particular order

Latin America Hazardous Location Motor Starters Market Analysis

The Latin America hazardous location motor starters market is expected to register a CAGR of 1.25% over the forecast period (2022-2027).

  • The motor starters control the heavy starting currents, and also, this equipment protects the machines from voltages fluctuations. The requirement to reduce power consumption and increased motor efficiency is expected to propel the growth of the hazardous location motor starters market.
  • Major offshore oil and gas developments, new oil discoveries, coupled with an increasing focus on deepwater drilling activities and rising expenditures in the water and wastewater industry, are the major opportunities for the market to grow in the future.
  • Explosion-proof motors, which use automation and robotic technologies, are dominating the motors starters market. The demand for hazardous location motor starters is increasing due to their rising usage across different industries such as Oil & Gas, Chemicals, Mining, Marine, and Waste Water.
  • The COVID-19 pandemic impacted Latin America's supply and demand of hazardous location motor starters market. With the improper supply/collection of the raw materials in the region, manufacturers halted the production of these motors starters due to restrictions in lockdown. As a result of these consequences, the market experienced a downfall in growth.

Latin America Hazardous Location Motor Starters Industry Segmentation

The Latin America hazardous location motor starters market is growing due to technological advancements in the industry, which have led to growth in the manufacturing of explosion-proof motor starters. They are used in hazardous locations where the concentration of flammable gas vapors and dust is high, with applications such as coal preparation plants, oil refineries, and chemical storage.

The Latin America Hazardous Location Motor Starters Market is segmented by Type (Low Voltage Motor Starter, Full voltage Motor, Starter, Manual Motor Starter, Magnetic Motor Starter), by Class (Class I, Class II, Class III), by Division (Division 1, Division 2), by Applications (Paint Storage Areas, Coal Preparation Plants, Sewage Treatment Plants, Oil Refineries, Chemical Storage, Handling Facilities, Grain Elevators, Petrochemical Facilities/Oil Rigs), and by Country.

By Type
Low Voltage Motor Starter
Full voltage Motor Starter
Manual Motor Starter
Magnetic Motor Starter
Others
By Class
Class I
Class II
Class III
By Division
Division 1
Division 2
By Hazardous Zones
Zone 0
Zone 1
Zone 21
Zone 2
Zone 22
By Applications
Paint Storage Areas
Coal Preparation Plants
Sewage Treatment Plants
Oil Refineries
Chemical Storage and Handling Facilities
Grain Elevators
Petrochemical Facilities/Oil Rigs
Others
By Country
Brazil
Mexico
Colombia
Argentina
Others
Need A Different Region Or Segment?
Customize Now

Latin America Hazardous Location Motor Starters Market Size Summary

The Latin America hazardous location motor starters market is poised for growth, driven by the increasing demand for efficient motor control solutions across various industries such as Oil & Gas, Chemicals, Mining, Marine, and Waste Water. These motor starters are essential for managing heavy starting currents and protecting machinery from voltage fluctuations, which is crucial in hazardous environments. The market is experiencing opportunities due to major offshore oil and gas developments, new oil discoveries, and a focus on deepwater drilling activities. However, the COVID-19 pandemic has posed challenges, disrupting supply chains and halting production, which temporarily impacted market growth. Despite these challenges, the demand for explosion-proof motors utilizing automation and robotic technologies remains strong, supporting the market's expansion.

Brazil, Mexico, and Venezuela are key players in the region's oil production capacity, contributing to the market's growth. The rise in electricity demand due to industrial evolution in Latin America has further fueled the market for motor starters. Magnetic motor starters, particularly those operating under low voltages, are gaining traction for their role in protecting heavy machinery. The market is characterized by significant players such as Schneider Electric, ABB, Eaton, General Electric, and Rockwell Automation, Inc., who are actively engaging in strategic acquisitions and mergers to enhance their offerings. Investments in water and wastewater projects, along with the increasing demand for pumps, are expected to drive the growth of the motor soft starter market, with IoT technologies playing a pivotal role in optimizing manufacturing processes.

Explore More

Latin America Hazardous Location Motor Starters Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Degree Of Competition

      5. 1.2.5 Threat Of Substitute Products And Services

      6. 1.2.6 Intensity of Competitive Rivalry

    3. 1.3 Assessment of the COVID-19 Impact on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Low Voltage Motor Starter

      2. 2.1.2 Full voltage Motor Starter

      3. 2.1.3 Manual Motor Starter

      4. 2.1.4 Magnetic Motor Starter

      5. 2.1.5 Others

    2. 2.2 By Class

      1. 2.2.1 Class I

      2. 2.2.2 Class II

      3. 2.2.3 Class III

    3. 2.3 By Division

      1. 2.3.1 Division 1

      2. 2.3.2 Division 2

    4. 2.4 By Hazardous Zones

      1. 2.4.1 Zone 0

      2. 2.4.2 Zone 1

      3. 2.4.3 Zone 21

      4. 2.4.4 Zone 2

      5. 2.4.5 Zone 22

    5. 2.5 By Applications

      1. 2.5.1 Paint Storage Areas

      2. 2.5.2 Coal Preparation Plants

      3. 2.5.3 Sewage Treatment Plants

      4. 2.5.4 Oil Refineries

      5. 2.5.5 Chemical Storage and Handling Facilities

      6. 2.5.6 Grain Elevators

      7. 2.5.7 Petrochemical Facilities/Oil Rigs

      8. 2.5.8 Others

    6. 2.6 By Country

      1. 2.6.1 Brazil

      2. 2.6.2 Mexico

      3. 2.6.3 Colombia

      4. 2.6.4 Argentina

      5. 2.6.5 Others

Latin America Hazardous Location Motor Starters Market Size FAQs

The Latin America Hazardous Location Motor Starters Market is projected to register a CAGR of 2.25% during the forecast period (2024-2029)

Schneider Electric, ABB, Eaton, General Electric and Rockwell Automation, Inc. are the major companies operating in the Latin America Hazardous Location Motor Starters Market.

Latin America Hazardous Location Motor Starters Report Snapshots

Latin America Hazardous Location Motor Starters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)