Market Size of Inverter Duty Motor Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Inverter Duty Motor Market Analysis
The market for inverter duty motor is expected to grow at a CAGR of over 5% during the forecast period of 2020 - 2025. Factors such as rising urbanization, growing industrialization, and huge investments in leveraging the performance of industries are expected to drive the market during the forecast period. Also, the growing demand for energy-efficient motors is likely to propel the demand for inverter duty motor market during the forecast period. However, a decrease in greenfield investments by the oil and gas industry i.e. owing to continuous fall in oil prices and high installation costs are the major factors that are expected to hinder the market growth.
- Pumps segment is expected to witness significant demand during the forecast period, owing to its advantages like higher energy efficiency when compared to other applications.
- Growth in the fixed speed applications (for example mobile drainage pumps, which always need to deliver a maximum output or an industrial plant that runs at a fixed speed) is likely to provide huge opportunities for the market studied.
- Asia-Pacific is expected to the fastest growing market during the forecast period, with majority of the demand coming from countries like China and India.
Inverter Duty Motor Industry Segmentation
The inverter duty motor market report include:
| Application | |
| Conveyors | |
| Pumps | |
| Fans | |
| Others |
| End-User | |
| Oil & Gas | |
| Chemicals | |
| Metal & Mining | |
| Food & Beverage | |
| Others |
| Construction Material | |
| Laminated Steel | |
| Cast Iron | |
| Aluminium |
| Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| South America | |
| Middle-East and Africa |
Inverter Duty Motor Market Size Summary
The inverter duty motor market is poised for significant growth, driven by factors such as urbanization, industrialization, and the increasing demand for energy-efficient motors. The market is expected to expand as industries seek to enhance performance and efficiency. However, challenges such as reduced greenfield investments in the oil and gas sector, due to fluctuating oil prices and high installation costs, may impede growth. The pumps segment is anticipated to experience substantial demand, attributed to its superior energy efficiency compared to other applications. The transition to inverter duty motors is gaining momentum globally, particularly in rotodynamic pumping systems, where variable frequency drives (VFDs) are increasingly integrated to optimize motor speed and torque.
The Asia-Pacific region is projected to be the fastest-growing market, with China and India leading the demand surge. Economic growth and industrial infrastructure development in Asia-Pacific, coupled with a focus on energy-efficient solutions, are key drivers. China's shift towards increasing the share of oil and gas in its energy mix, along with the modernization of its mining sector, further bolsters the demand for inverter duty motors. Similarly, India's rich mineral resources and cost advantages in production are expected to contribute to market growth. The inverter duty motor market is moderately consolidated, with major players like Regal Beloit Corporation, Rockwell Automation, Inc., and Nidec Motor Corporation playing significant roles in shaping the industry's landscape.
Inverter Duty Motor Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Conveyors
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2.1.2 Pumps
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2.1.3 Fans
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2.1.4 Others
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2.2 End-User
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2.2.1 Oil & Gas
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2.2.2 Chemicals
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2.2.3 Metal & Mining
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2.2.4 Food & Beverage
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2.2.5 Others
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2.3 Construction Material
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2.3.1 Laminated Steel
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2.3.2 Cast Iron
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2.3.3 Aluminium
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2.4 Geography
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2.4.1 North America
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2.4.2 Asia-Pacific
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2.4.3 Europe
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2.4.4 South America
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2.4.5 Middle-East and Africa
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Inverter Duty Motor Market Size FAQs
What is the current Inverter Duty Motor Market size?
The Inverter Duty Motor Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Inverter Duty Motor Market?
Regal Beloit Corporation, Rockwell Automation, Inc., Nidec Motor Corporation., Bison Gear & Engineering Corporation and Havells India Ltd. are the major companies operating in the Inverter Duty Motor Market.
