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Global Market for Inverter Duty Motors

Dublin, June 14, 2023 (GLOBE NEWSWIRE) -- The "Inverter Duty Motors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Inverter Duty Motors estimated at US$4.1 Billion in the year 2022, is projected to reach a revised size of US$6.9 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.

Cast Iron, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$3.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Laminated Steel segment is readjusted to a revised 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 10.6% CAGR

The Inverter Duty Motors market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 6.8% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$946.5 Million by the year 2030.

Select Competitors (Total 12 Featured) -

• ABB Group

• Adlee Powertronic Co., Ltd.

• Bison Gear and Engineering Corporation

• Crompton Greaves Ltd.

• General Electric Company

• Havells India Ltd.

• Nidec Corporation

• Regal Beloit Corporation

• Rockwell Automation, Inc.

• Siemens AG

• WEG SA

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Rising Demand for Energy Efficient Motors Fuels Growth in the Inverter Duty Motors Market

• Competition

• Global Inverter Duty Motors Market: Percentage Breakdown of Sales by Leading Players for 2019E

• Inverter Duty Motors - Global Key Competitors Percentage Market Share in 2022 (E)

• Impact of Covid-19 and a Looming Global Recession

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Inverter Duty Motors Hold an Edge over Standard Motors in Demanding Applications

• Inverter Duty Motors Market to Benefit from Stable Growth Prospects for Chemicals Industry

• Global Chemical Production Output - Percentage Change in Production Volume for the Period 2019-2021

• Chemical Industry Growth Worldwide - Percentage Growth of Chemical Production Volume for the Years 2019 through 2023

• Bearing Protection: An Essential Prerequisite for Considering Motors to be Inverter Duty or Inverter Ready

• Increase in Oil & Gas Industry Activities Augurs Well for Inverter Duty Motors Market

• Oil & Gas Exploration and Production (E&P) Investment in $ Billion for the Years 2015 through 2019

• Global Drilling Activity: Number of Onshore and Offshore Wells Drilled for the Period 2012-2018

• Mining Industry: Another Major End-Use Market for Inverter Duty Motors

• Inverter Duty Motors Address the Unique Requirements of Food & Beverage Sector

• Growing Instances of Bearing Damage in AC Motors due to Increased Installations of PWM VFDs

• Changing Motor Efficiency Regulations & Energy Conservation Standards to Impact Motors Industry

• PRODUCT OVERVIEW

• Inverter Duty Motors

• Inverter Duty Motor Vs General Purpose Motor

• Inverter Duty Motor Designs