Inverter Duty Motor Market
Inverter Duty Motor Market Forecasts to 2030 - Global Analysis By Type (Synchronous Motors and Induction Motors), Phase (Single Phase and Three Phase), Power Rating, Voltage, Material, Application, End User and By Geography
According to Stratistics MRC, the Global Inverter Duty Motor Market is accounted for $6.6 billion in 2024 and is expected to reach $12.9 billion by 2030, growing at a CAGR of 11.8% during the forecast period. An electric motor that has been specifically engineered to run at different speeds when driven by a variable frequency drive is known as an inverter duty motor. It is designed to withstand greater voltage spikes, lower harmonics, and more heat generated when speeds fluctuate. For dependable operation, energy efficiency, and a longer lifespan in industrial applications such as HVAC, pumps, and renewable energy systems, these motors have improved insulation, better cooling systems, and superior bearings.
According to the U.S. Energy Information Administration (EIA), electric motors do indeed account for approximately 70% of the electricity consumed in the manufacturing sector.
Market Dynamics:
Driver:
Growing industrial automation
The increasing adoption of industrial automation is a key driver for the inverter duty motor market. As industries seek to optimize processes, improve efficiency, and reduce operational costs, the demand for motors capable of precise speed control and energy efficiency rises. Inverter duty motors are specifically designed to work with variable frequency drives, enabling seamless integration into automated systems. This trend is particularly evident in manufacturing, material handling, and process industries, where the ability to adjust motor speed and torque in real-time is crucial for maximizing productivity and minimizing energy consumption.
Restraint:
Complex installation and maintenance
The complex installation and maintenance requirements of inverter duty motors can act as a restraint on market growth. These motors often require specialized knowledge for proper installation, configuration, and maintenance, which can be challenging for some end users. The need for additional components such as variable frequency drives and control systems adds to the complexity. Furthermore, troubleshooting and repairing inverter duty motors may require expertise that is not readily available in all facilities. This complexity can lead to increased downtime and maintenance costs, potentially deterring some industries from adopting these motors, especially in regions with limited access to skilled technicians.
Opportunity:
Growth in smart manufacturing
As industries embrace Industry 4.0 principles, there is an increasing demand for motors that can integrate seamlessly with smart control systems and IoT platforms. Inverter duty motors, with their ability to provide precise speed control and real-time performance data, are well-suited for smart manufacturing environments. This trend opens up opportunities for motor manufacturers to develop advanced, connected motor solutions that can enhance overall system efficiency, enable predictive maintenance, and contribute to data-driven decision-making in manufacturing processes.
Threat:
High initial cost
The high initial cost of inverter duty motors poses a threat to market growth, particularly in price-sensitive markets and among small to medium-sized enterprises (SMEs). While these motors offer long-term benefits in terms of energy savings and operational efficiency, the upfront investment can be significantly higher compared to standard motors. This cost barrier can deter some potential users from adopting inverter duty motors, especially in industries with tight budgets or in regions where energy costs are relatively low.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the inverter duty motor market due to supply chain interruptions and reduced industrial activity. However, the crisis also accelerated the adoption of automation technologies in various sectors, driving demand for advanced motor solutions. As industries sought to enhance operational resilience and reduce human dependency, the market saw increased interest in inverter duty motors for their efficiency and remote control capabilities.
The induction motors segment is expected to be the largest during the forecast period
Over the forecasted timeframe, the induction motors segment is anticipated to dominate the market. Induction motors are widely preferred in inverter duty applications due to their robustness, reliability, and cost-effectiveness. These motors offer excellent performance when paired with variable frequency drives, providing efficient speed control and energy savings across various industrial applications. The widespread adoption of induction motors in sectors such as manufacturing, HVAC, and material handling contributes significantly to their market dominance.
The extruders segment is expected to have the highest CAGR during the forecast period
The extruders segment is expected to register lucrative growth during the estimation period. This rapid growth can be attributed to the increasing demand for precision control and energy efficiency in the plastic and rubber processing industries. Inverter duty motors are particularly well-suited for extruder applications, as they allow for precise speed and torque control, critical for maintaining product quality and consistency. The ability to adjust motor speed based on process requirements leads to significant energy savings and improved operational flexibility. As the plastics industry continues to grow and innovate, the demand for advanced extruder systems equipped with inverter duty motors is expected to surge, driving the segment's high growth.
Region with largest share:
Over the forecast period, the North America region is anticipated to hold the largest market share. This dominance can be attributed to the region's advanced industrial infrastructure, high adoption rates of automation technologies, and stringent energy efficiency regulations. North America's strong focus on manufacturing efficiency and sustainability drives the demand for inverter duty motors across various industries. The presence of key market players, ongoing technological advancements, and investments in industrial modernization further contribute to the region's significant market share.
Region with highest CAGR:
Over the forecasted timeframe, the Asia Pacific region is anticipated to exhibit the highest CAGR. This rapid growth is fueled by rapid industrialization, increasing investments in manufacturing sectors, and growing awareness of energy efficiency. Countries like China, India, and Japan are witnessing a surge in industrial automation and smart manufacturing initiatives, driving the demand for advanced motor solutions. The region's expanding automotive, electronics, and textile industries are key contributors to market growth.
Key players in the market
Some of the key players in Inverter Duty Motor Market include ABB Ltd., Siemens AG, Regal Beloit Corporation, Rockwell Automation, Inc., Nidec Motor Corporation, WEG S.A., General Electric Company, Bison Gear & Engineering Corporation, Havells India Ltd., Toshiba Corporation, Crompton Greaves Limited, Adlee Powertronic Co., Ltd., Nord Drivesystems, Lafert North America, Fuji Electric Co., Ltd., Bonfiglioli Riduttori S.p.A., KEB Automation KG, and Lenze SE.
Key Developments:
In May 2024, ABB launched a new energy-efficient motor and inverter package designed specifically for electric buses. The AMXE250 motor and HES580 inverter work together to provide a more efficient and reliable solution for cleaner and more sustainable transportation.
In April 2024, WEG launched the W23 Sync+Ultra, described as the most efficient industrial motor ever created. This motor sets a new standard with its IE6 efficiency level, boasting 20% lower energy losses compared to the previous IE5 standard.
In May 2023, Siemens launched the Sinamics S200, a new servo drive system designed for the battery and electronics industries. This system features precise servo drives and powerful motors suitable for tasks requiring precise control.
Types Covered:
• Synchronous Motors
• Induction Motors
Phases Covered:
• Single Phase
• Three Phase
Power Ratings Covered:
• Low Power (Up to 1 HP)
• Medium Power (1 HP to 10 HP)
• High Power (Above 10 HP)
Voltages Covered:
• Low Voltage (Up to 600V)
• Medium Voltage (601V to 3kV)
• High Voltage (Above 3kV)
Materials Covered:
• Laminated Steel
• Cast Iron
• Aluminum
Applications Covered:
• Pumps & Fans
• Conveyors & Material Handling
• Extruders
• HVAC Systems
• Other Applications
End Users Covered:
• Oil & Gas
• Chemicals & Petrochemicals
• Food & Beverage
• Metal & Mining
• Paper & Pulp
• Power Generation
• Water & Wastewater Treatment
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Inverter Duty Motor Market, By Type
5.1 Introduction
5.2 Synchronous Motors
5.3 Induction Motors
6 Global Inverter Duty Motor Market, By Phase
6.1 Introduction
6.2 Single Phase
6.3 Three Phase
7 Global Inverter Duty Motor Market, By Power Rating
7.1 Introduction
7.2 Low Power (Up to 1 HP)
7.3 Medium Power (1 HP to 10 HP)
7.4 High Power (Above 10 HP)
8 Global Inverter Duty Motor Market, By Voltage
8.1 Introduction
8.2 Low Voltage (Up to 600V)
8.3 Medium Voltage (601V to 3kV)
8.4 High Voltage (Above 3kV)
9 Global Inverter Duty Motor Market, By Material
9.1 Introduction
9.2 Laminated Steel
9.3 Cast Iron
9.4 Aluminum
10 Global Inverter Duty Motor Market, By Application
10.1 Introduction
10.2 Pumps & Fans
10.3 Conveyors & Material Handling
10.4 Extruders
10.5 HVAC Systems
10.6 Other Applications
11 Global Inverter Duty Motor Market, By End User
11.1 Introduction
11.2 Oil & Gas
11.3 Chemicals & Petrochemicals
11.4 Food & Beverage
11.5 Metal & Mining
11.6 Paper & Pulp
11.7 Power Generation
11.8 Water & Wastewater Treatment
11.9 Other End Users
12 Global Inverter Duty Motor Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 ABB Ltd.
14.2 Siemens AG
14.3 Regal Beloit Corporation
14.4 Rockwell Automation, Inc.
14.5 Nidec Motor Corporation
14.6 WEG S.A.
14.7 General Electric Company
14.8 Bison Gear & Engineering Corporation
14.9 Havells India Ltd.
14.10 Toshiba Corporation
14.11 Crompton Greaves Limited
14.12 Adlee Powertronic Co., Ltd.
14.13 Nord Drivesystems
14.14 Lafert North America
14.15 Fuji Electric Co., Ltd.
14.16 Bonfiglioli Riduttori S.p.A.
14.17 KEB Automation KG
14.18 Lenze SE
List of Tables
1 Global Inverter Duty Motor Market Outlook, By Region (2022-2030) ($MN)
2 Global Inverter Duty Motor Market Outlook, By Type (2022-2030) ($MN)
3 Global Inverter Duty Motor Market Outlook, By Synchronous Motors (2022-2030) ($MN)
4 Global Inverter Duty Motor Market Outlook, By Induction Motors (2022-2030) ($MN)
5 Global Inverter Duty Motor Market Outlook, By Phase (2022-2030) ($MN)
6 Global Inverter Duty Motor Market Outlook, By Single Phase (2022-2030) ($MN)
7 Global Inverter Duty Motor Market Outlook, By Three Phase (2022-2030) ($MN)
8 Global Inverter Duty Motor Market Outlook, By Power Rating (2022-2030) ($MN)
9 Global Inverter Duty Motor Market Outlook, By Low Power (Up to 1 HP) (2022-2030) ($MN)
10 Global Inverter Duty Motor Market Outlook, By Medium Power (1 HP to 10 HP) (2022-2030) ($MN)
11 Global Inverter Duty Motor Market Outlook, By High Power (Above 10 HP) (2022-2030) ($MN)
12 Global Inverter Duty Motor Market Outlook, By Voltage (2022-2030) ($MN)
13 Global Inverter Duty Motor Market Outlook, By Low Voltage (Up to 600V) (2022-2030) ($MN)
14 Global Inverter Duty Motor Market Outlook, By Medium Voltage (601V to 3kV) (2022-2030) ($MN)
15 Global Inverter Duty Motor Market Outlook, By High Voltage (Above 3kV) (2022-2030) ($MN)
16 Global Inverter Duty Motor Market Outlook, By Material (2022-2030) ($MN)
17 Global Inverter Duty Motor Market Outlook, By Laminated Steel (2022-2030) ($MN)
18 Global Inverter Duty Motor Market Outlook, By Cast Iron (2022-2030) ($MN)
19 Global Inverter Duty Motor Market Outlook, By Aluminum (2022-2030) ($MN)
20 Global Inverter Duty Motor Market Outlook, By Application (2022-2030) ($MN)
21 Global Inverter Duty Motor Market Outlook, By Pumps & Fans (2022-2030) ($MN)
22 Global Inverter Duty Motor Market Outlook, By Conveyors & Material Handling (2022-2030) ($MN)
23 Global Inverter Duty Motor Market Outlook, By Extruders (2022-2030) ($MN)
24 Global Inverter Duty Motor Market Outlook, By HVAC Systems (2022-2030) ($MN)
25 Global Inverter Duty Motor Market Outlook, By Other Applications (2022-2030) ($MN)
26 Global Inverter Duty Motor Market Outlook, By End User (2022-2030) ($MN)
27 Global Inverter Duty Motor Market Outlook, By Oil & Gas (2022-2030) ($MN)
28 Global Inverter Duty Motor Market Outlook, By Chemicals & Petrochemicals (2022-2030) ($MN)
29 Global Inverter Duty Motor Market Outlook, By Food & Beverage (2022-2030) ($MN)
30 Global Inverter Duty Motor Market Outlook, By Metal & Mining (2022-2030) ($MN)
31 Global Inverter Duty Motor Market Outlook, By Paper & Pulp (2022-2030) ($MN)
32 Global Inverter Duty Motor Market Outlook, By Power Generation (2022-2030) ($MN)
33 Global Inverter Duty Motor Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
34 Global Inverter Duty Motor Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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