Rockwell Automation, Inc, Regal Beloit Corporation, Nidec Motor Corporation, Havells India Ltd, ABB Ltd, among others, are the major players in the global inverter duty motors market.
The global inverter duty motors market is expected to grow at a CAGR of about 6% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the rising demand for energy-efficient inverter duty motors.
The growing utilisation of inverter duty motors for pump applications in various sectors like mining, chemical manufacturing, as well as food and beverages, among others, is supporting the market demand. With the growing investments in energy-efficient engines by various businesses, the demand for inverter duty motors is significantly rising.
The development of inverter duty motors that are designed for operations that require wide-speed variation is supporting the market growth. As inverter duty motors are wounded with inverter-grade magnet wires, they have higher voltage spike resistance. Moreover, the wide torque speed range of inverter duty motors is augmenting the market growth. Manufacturers are increasingly relying for lowering energy costs and driving innovations, which is likely to aid the market for inverter duty motors.
The reliability offered by inverter duty motors is surging its use in various applications, which is likely to fuel the market growth. Various leading companies are introducing innovative inverter duty motors for harsh environmental conditions. The market is likely to be bolstered by rapid industrialisation in both developing and developed countries and the increasing investments in sectors like oil and gas and chemicals, among others.
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|Headquarters:||Wisconsin, United States|
Rockwell Automation is an IT solutions and industrial automation company. It employs 25,000 people in over 100 companies. In August 2022, the company launched its latest easy-to-apply and economical sensing solutions, new Allen-Bradley 42EA RightSight S18 and 42JA VisiSight M20A photoelectric sensors, for various global applications such as packaging and material handling.
|Headquarters:||Wisconsin, United States|
Regal Beloit is a company that is involved in the manufacturing of power generation, mechanical power transmission products, electric motion controls, and electric motors. Its major business segments include motion control systems, industrial systems, commercial systems, and climate solutions. It employs 23,000 people across the globe and is focused on developing the most sustainable and energy-efficient solutions and products.
Nidec Motor Corporation manufactures control equipment and motors for use in consumer electronics, home appliances, and various industries. With various sales, development, and production bases across China, Mexico, England, and the United States, the company’s products meet the demands of major end-use sectors. Moreover, a leading number of patents for rare earth-free SR motors in the world.
|Headquarters:||Uttar Pradesh, India|
Havells India is an electrical goods company and a prominent power distribution equipment manufacturer. It has more than 700 exclusive brand stores across India and is the first Indian FMEG company that provides doorstep service through its ‘Havells Connect’ initiatives. It has more than 14,000 dealers, an employee base of 4000, and 14 state-of-the-art manufacturing plants in India. Moreover, the company’s products are marketed and sold in more than 60 countries.
ABB is one of the largest technology companies in the world, based in Switzerland. It aims to create a sustainable future by harnessing the power of technology. With 21 divisions in 4 major areas, the company employs 111,000 people in more than 100 countries across the globe. In September 2022, it invested in a new EV charger facility and expanded its manufacturing operations in Columbia, South California.
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