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Global Inverter Duty Motors Market Size, Share, Forecast: By Construction Material: Cast Iron, Aluminium, Laminated Steel; By Standard: NEMA, IEEE, Others; By Application: Extruders, Pumps, Conveyors, Fans, Others; By End Use: Metal and Mining, Chemicals and Oil and Gas, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Inverter Duty Motors Market Outlook
The global inverter duty motors market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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Rising Deployment of Pumps to Augment the Inverter Duty Motors Industry Growth
Based on application, the pump segment accounts for a significant share in the industry. The growing deployment of inverter duty motors for pump applications in the chemical manufacturing, metal and mining, and food and beverage industries is aiding the growth of the segment. Meanwhile, extruders are commonly used in the rubber, plastic, and food processing sectors, where producers rely on lowering high energy costs, increasing manufacturing capacity, and reliability, which is expected to further enhance the demand for inverter duty motors in the forecast timeframe. The rising business investments and the substitution of regular engines with inverter duty motors are also expected to accelerate the consumer demand over the forecast timeframe.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Inverter Duty Motors Industry
Region-wise, the Asia Pacific is the fastest-growing region in terms of infrastructure construction and a growing industrialisation pattern. These aspects have led to the development of the manufacturing and commercial industries in the region, which, in turn, is resulting in an increased demand for inverter duty engine deployments. In the global economy, China is constantly looking forward to strengthen its position. As per the 2018 World Investment Survey, China, Hong Kong, and Singapore are the recipients that have earned the highest FDI investments. Further, India and Japan are also experiencing an increased need for inverter duty motors due to the growth of the manufacturing sector and increasing chemical operations.
Inverter Duty Motors: Market Segmentation
The term "inverter-duty" is commonly used for a motor whose speed is controlled by an inverter or variable frequency drive (VFD). Although both inverter-duty and regular motors will operate on VFDs, the key differences are in construction and capability. Inverter duty motors are designed to tolerate extra heating caused by harmonics. The shaft-mounted fans are incapable of supplying enough cooling air at lower speeds than specified. The inverter motors are built with extra features to provide sufficient cooling even at low speeds.
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By construction material, the market is divided into:
- Cast Iron
- Aluminiuim
- Laminated Steel
Based on standard, the market is categorised into:
- NEMA
- IEEE
- Others
On the basis of application, the market is segmented into:
- Extruders
- Pumps
- Conveyors
- Fans
- Others
Based on end use, the market is categorised into:
- Metal and Mining
- Chemicals and Oil and Gas
- Paper and Pulp
- Food and Beverage
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand for Energy Efficiency to Bolster the Growth of the Inverter Duty Motors Industry
The manufacturing industry is one of the major energy consumers worldwide. A wide variety of energy-saving techniques, such as the use of high-efficiency motors, variable speed drives (VSD), and capacitor banks, to increase the power factor are being introduced as motors are big energy consumers. Better service, lower waste-heat generation, longer insulation and bearing life, and less friction typically provide energy-efficient motors, which improves efficiency. The increasing need for energy-efficient motors is therefore the key driving force behind the demand for inverter duty motors. The leading companies are increasingly investing in the production of energy-efficient engines, which is further aiding the market for inverter duty motors.
The developing economies are the prominent regions indulged in the adoption of energy-efficient motors, which is expected to drive the market development. Thus, the growing demand for energy-efficient motors is anticipated to lead to the increased acceptance of inverter duty motors, which, in the coming era, would propel the global market for inverter duty motors.
Key Industry Players in the Global Inverter Duty Motors Market
The report gives a detailed analysis of the following key players in the global inverter duty motors market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Rockwell Automation, Inc.
- Regal Beloit Corporation
- Nidec Motor Corporation
- Havells India Ltd.
- ABB Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Construction Material |
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| Breakup by Standard |
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| Breakup by Application |
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| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Inverter Duty Motors Market Analysis
8.1 Key Industry Highlights
8.2 Global Inverter Duty Motors Historical Market (2018-2023)
8.3 Global Inverter Duty Motors Market Forecast (2024-2032)
8.4 Global Inverter Duty Motors Market by Construction Material
8.4.1 Cast Iron
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Aluminium
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Laminated Steel
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Inverter Duty Motors Market by Standard
8.5.1 NEMA
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 IEEE
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Inverter Duty Motors Market by Application
8.6.1 Extruders
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Pumps
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Conveyors
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Fans
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Inverter Duty Motors Market by End Use
8.7.1 Metal and Mining
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Chemicals and Oil and Gas
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Paper and Pulp
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Food and Beverage
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Inverter Duty Motors Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Inverter Duty Motors Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Inverter Duty Motors Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Inverter Duty Motors Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Inverter Duty Motors Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Inverter Duty Motors Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Rockwell Automation, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Regal Beloit Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nidec Motor Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Havells India Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ABB Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Inverter Duty Motors Market: Key Industry Highlights, 2018 and 2032
2. Global Inverter Duty Motors Historical Market: Breakup by Construction Material (USD Billion), 2018-2023
3. Global Inverter Duty Motors Market Forecast: Breakup by Construction Material (USD Billion), 2024-2032
4. Global Inverter Duty Motors Historical Market: Breakup by Standard (USD Billion), 2018-2023
5. Global Inverter Duty Motors Market Forecast: Breakup by Standard (USD Billion), 2024-2032
6. Global Inverter Duty Motors Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Inverter Duty Motors Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Inverter Duty Motors Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Inverter Duty Motors Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Inverter Duty Motors Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Inverter Duty Motors Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Inverter Duty Motors Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Inverter Duty Motors Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Inverter Duty Motors Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The growing usage of inverter duty motors for pump applications, increasing manufacturing activities, and the rising usage of inverter duty motors as substitutes for regular engines are the major market drivers.
The key trends guiding the market growth include increasing demand for inverter duty engine in the manufacturing and chemical sectors, the increasing focus on energy efficiency, and the growing adoption of energy-efficient motors in developed countries.
The major regions in the inverter duty motors market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major construction materials considered in the market report are cast iron, aluminium, and laminated steel.
The several segments based on the standard of inverter duty motors considered in the market report are NEMA and IEEE, among others.
The various applications of inverter duty motors are extruders, pumps, conveyors, and fans, among others.
Metal and mining, chemicals and oil and gas, paper and pulp, and food and beverage, among others, are the different end uses of inverter duty motors.
The major players in the market are Rockwell Automation, Inc., Regal Beloit Corporation, Nidec Motor Corporation, Havells India Ltd., and ABB Ltd., among others.
Analyst Review
The global inverter duty motors market is driven by the growing deployment of inverter duty motors for pump applications in the chemical manufacturing, metal and mining, and food and beverage industries. Aided by the rising business investments and the substitution of regular engines with inverter duty motors and increasing need for energy-efficient motors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The construction materials can be divided into cast iron, aluminium, and laminated steel. Based on standard, the industry can be divided into NEMA and IEEE, amongst others. Based on applications, the inverter duty motors industry can be segmented into extruders, pumps, conveyors, fans, among others, with extruders accounting for the largest market share. The end-use sectors include metal and mining, chemicals and oil and gas, paper and pulp, food and beverage, among others. Major regional markets for inverter duty motors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the fastest growing region of the market. The key players in the above market include Rockwell Automation, Inc., Regal Beloit Corporation, Nidec Motor Corporation, Havells India Ltd., and ABB Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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