Inverter duty motor market size to grow by USD 2.31 billion 2021 and 2026; Growth driven by increasing need for energy-efficient equipment - Technavio
Sunday, April 16, 2023
NEW YORK, March 28, 2023 /PRNewswire/ -- The inverter duty motor market size is estimated to grow by USD 2.31 billion between 2021 and 2026, progressing at a CAGR of 9.33% during the forecast period, according to Technavio. The growth of the market is driven by the increasing need for energy-efficient equipment. Governments across the world are introducing various regulations to achieve sustainable growth. They are issuing clear directives for utility companies and industrial operators to implement power-efficient solutions. This has compelled industrial operators to use energy-efficient devices to meet various standards and mandates. These factors are increasing the demand for inverter duty motors, which is driving the growth of the market. For more insights on the market size (2022 to 2026) - Request a sample report
Inverter Duty Motor Market 2022-2026: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our inverter duty motor market report covers the following areas:
-- Inverter Duty Motor Market Size
-- Inverter Duty Motor Market Trends
-- Inverter Duty Motor Market Analysis
Inverter Duty Motor Market 2022-2026: Regional Analysis
North America will account for 35% of the market growth during the forecast period. Most manufacturers in the region are adopting IoT technologies to improve energy efficiency, reduce the consumption of power, and streamline their automation process. In addition, rising investments in many new chemical and petrochemical projects will drive the growth of the inverter duty motor market in North America.
Inverter Duty Motor Market 2022-2026: Segmentation
The inverter duty motor market is segmented as below:
-- Application
-- Pumps
-- Fans
-- Conveyors
-- Others
-- Geography
-- North America
-- APAC
-- Europe
-- South America
-- Middle East and Africa
The market will observe significant growth in the pump segment during the forecast period. The increasing application of inverter duty motors in chemical manufacturing, metal and mining, and food and beverage industries is driving the growth of the segment. Also, factors such as rising corporate investments and the replacement of normal engines with inverter-duty motors are contributing to the growth of the segment.
Gain insights into the market growth across various segments and regions - Download a Sample Report
Inverter Duty Motor Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the inverter duty motor market. Backed with competitive intelligence and benchmarking, our research report on the inverter duty motor market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
The global inverter duty motor market is fragmented. The competition between international and regional vendors is intense in the market. Many small vendors are struggling to survive in the presence of large automation vendors in the market. Large vendors dominate the market in terms of quality, durability, reliability, and technological innovations. International players are expected to grow inorganically by acquiring regional and local players. The competitive environment in this market is likely to intensify further with an increase in R&D and M&As. Some of the key vendors covered in the report include:
-- ABB Ltd.
-- Adlee Powertronic Co.Ltd.
-- Bison Gear and Engineering Corp.
-- Bodine Electric Co.
-- FUKUTA Elec. and Mach. Co. Ltd.
-- Havells India Ltd.
-- Megha Roto-Tech Pvt. Ltd
-- Nidec Corp.
-- Nord Gear Ltd.
-- North American Electric Inc.
-- Regal Rexnord Corp.
-- Rockwell Automation Inc.
-- Siemens AG
-- TECO Electric and Machinery Co. Ltd.
-- WEG SA
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Inverter Duty Motor Market 2022-2026: Key Highlights
-- CAGR of the market during the forecast period 2022-2026
-- Detailed information on factors that will assist inverter duty motor
market growth during the next five years
-- Estimation of the inverter duty motor market size and its contribution
to the parent market
-- Predictions on upcoming trends and changes in consumer behavior
-- The growth of the inverter duty motor market
-- Analysis of the market's competitive landscape and detailed information
on vendors
-- Comprehensive details of factors that will challenge the growth of
inverter duty motor market vendors
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Inverter Duty Motor Market Scope
Report Coverage
Details
Base year 2021
Forecast period
2022-2026
Growth momentum & CAGR Accelerate at a CAGR of 9.33%
Market growth 2022-2026
USD 2.31 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 8.1
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution North America at 35%
Key countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled ABB Ltd., Adlee Powertronic Co.Ltd., Bison Gear And Engineering Corp., Bodine Electric Co., FUKUTA Elec. and
Mach. Co. Ltd., Havells India Ltd., Megha Roto-Tech Pvt. Ltd, Nidec Corp., Nord Gear Ltd., North American
Electric Inc., Regal Rexnord Corp., Rockwell Automation Inc., Siemens AG, TECO Electric and Machinery Co.
Ltd., and WEG SA
Market dynamics Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment
analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis
for the forecast period.
Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get
segments customized.
Browse through Technavio's Industrials Market Reports
Table of contents:
1 Executive Summary
-- 1.1 Market overview
-- Exhibit 01: Executive Summary - Chart on Market Overview
-- Exhibit 02: Executive Summary - Data Table on Market Overview
-- Exhibit 03: Executive Summary - Chart on Global Market
Characteristics
-- Exhibit 04: Executive Summary - Chart on Market by Geography
-- Exhibit 05: Executive Summary - Chart on Market Segmentation by
Application
-- Exhibit 06: Executive Summary - Chart on Incremental Growth
-- Exhibit 07: Executive Summary - Data Table on Incremental Growth
-- Exhibit 08: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
-- 2.1 Market ecosystem
-- Exhibit 09: Parent market
-- Exhibit 10: Market Characteristics
3 Market Sizing
-- 3.1 Market definition
-- Exhibit 11: Offerings of vendors included in the market definition
-- 3.2 Market segment analysis
-- Exhibit 12: Market segments
-- 3.3 Market size 2021
-- 3.4 Market outlook: Forecast for 2021-2026
-- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($
million)
-- Exhibit 14: Data Table on Global - Market size and forecast
2021-2026 ($ million)
-- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026
(%)
-- Exhibit 16: Data Table on Global Market: Year-over-year growth
2021-2026 (%)
4 Five Forces Analysis
-- 4.1 Five forces summary
-- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
-- 4.2 Bargaining power of buyers
-- Exhibit 18: Bargaining power of buyers - Impact of key factors in
2021 and 2026
-- 4.3 Bargaining power of suppliers
-- Exhibit 19: Bargaining power of suppliers - Impact of key factors in
2021 and 2026
-- 4.4 Threat of new entrants
-- Exhibit 20: Threat of new entrants - Impact of key factors in 2021
and 2026
-- 4.5 Threat of substitutes
-- Exhibit 21: Threat of substitutes - Impact of key factors in 2021
and 2026
-- 4.6 Threat of rivalry
-- Exhibit 22: Threat of rivalry - Impact of key factors in 2021 and
2026
-- 4.7 Market condition
-- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
-- 5.1 Market segments
-- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
-- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
-- 5.2 Comparison by Application
-- Exhibit 26: Chart on Comparison by Application
-- Exhibit 27: Data Table on Comparison by Application
-- 5.3 Pumps - Market size and forecast 2021-2026
-- Exhibit 28: Chart on Pumps - Market size and forecast 2021-2026 ($
million)
-- Exhibit 29: Data Table on Pumps - Market size and forecast 2021-2026
($ million)
-- Exhibit 30: Chart on Pumps - Year-over-year growth 2021-2026 (%)
-- Exhibit 31: Data Table on Pumps - Year-over-year growth 2021-2026
(%)
-- 5.4 Fans - Market size and forecast 2021-2026
-- Exhibit 32: Chart on Fans - Market size and forecast 2021-2026 ($
million)
-- Exhibit 33: Data Table on Fans - Market size and forecast 2021-2026
($ million)
-- Exhibit 34: Chart on Fans - Year-over-year growth 2021-2026 (%)
-- Exhibit 35: Data Table on Fans - Year-over-year growth 2021-2026 (%)
-- 5.5 Conveyors - Market size and forecast 2021-2026
-- Exhibit 36: Chart on Conveyors - Market size and forecast 2021-2026
($ million)
-- Exhibit 37: Data Table on Conveyors - Market size and forecast
2021-2026 ($ million)
-- Exhibit 38: Chart on Conveyors - Year-over-year growth 2021-2026 (%)
-- Exhibit 39: Data Table on Conveyors - Year-over-year growth
2021-2026 (%)
-- 5.6 Others - Market size and forecast 2021-2026
-- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($
million)
-- Exhibit 41: Data Table on Others - Market size and forecast
2021-2026 ($ million)
-- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
-- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026
(%)
-- 5.7 Market opportunity by Application
-- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
-- 6.1 Customer landscape overview
-- Exhibit 45: Analysis of price sensitivity, lifecycle, customer
purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
-- 7.1 Geographic segmentation
-- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
-- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
-- 7.2 Geographic comparison
-- Exhibit 48: Chart on Geographic comparison
-- Exhibit 49: Data Table on Geographic comparison
-- 7.3 North America - Market size and forecast 2021-2026
-- Exhibit 50: Chart on North America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 51: Data Table on North America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026
(%)
-- Exhibit 53: Data Table on North America - Year-over-year growth
2021-2026 (%)
-- 7.4 APAC - Market size and forecast 2021-2026
-- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($
million)
-- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026
($ million)
-- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
-- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
-- 7.5 Europe - Market size and forecast 2021-2026
-- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($
million)
-- Exhibit 59: Data Table on Europe - Market size and forecast
2021-2026 ($ million)
-- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
-- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026
(%)
-- 7.6 South America - Market size and forecast 2021-2026
-- Exhibit 62: Chart on South America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 63: Data Table on South America - Market size and forecast
2021-2026 ($ million)
-- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026
(%)
-- Exhibit 65: Data Table on South America - Year-over-year growth
2021-2026 (%)
-- 7.7 Middle East and Africa - Market size and forecast 2021-2026
-- Exhibit 66: Chart on Middle East and Africa - Market size and
forecast 2021-2026 ($ million)
-- Exhibit 67: Data Table on Middle East and Africa - Market size and
forecast 2021-2026 ($ million)
-- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth
2021-2026 (%)
-- Exhibit 69: Data Table on Middle East and Africa - Year-over-year
growth 2021-2026 (%)
-- 7.8 US - Market size and forecast 2021-2026
-- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($
million)
-- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($
million)
-- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
-- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
-- 7.9 China - Market size and forecast 2021-2026
-- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($
million)
-- Exhibit 75: Data Table on China - Market size and forecast 2021-2026
($ million)
-- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
-- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026
(%)
-- 7.10 Japan - Market size and forecast 2021-2026
-- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($
million)
-- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026
($ million)
-- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
-- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026
(%)
-- 7.11 Germany - Market size and forecast 2021-2026
-- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($
million)
-- Exhibit 83: Data Table on Germany - Market size and forecast
2021-2026 ($ million)
-- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
-- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026
(%)
-- 7.12 UK - Market size and forecast 2021-2026
-- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($
million)
-- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($
million)
-- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
-- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
-- 7.13 Market opportunity by geography
-- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
-- 8.1 Market drivers
-- 8.2 Market challenges
-- 8.3 Impact of drivers and challenges
-- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
-- 8.4 Market trends
9 Vendor Landscape
-- 9.1 Overview
-- 9.2 Vendor landscape
-- Exhibit 92: Overview on Criticality of inputs and Factors of
differentiation
-- 9.3 Landscape disruption
-- Exhibit 93: Overview on factors of disruption
-- 9.4 Industry risks
-- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
-- 10.1 Vendors covered
-- Exhibit 95: Vendors covered
-- 10.2 Market positioning of vendors
-- Exhibit 96: Matrix on vendor position and classification
-- 10.3 ABB Ltd.
-- Exhibit 97: ABB Ltd. - Overview
-- Exhibit 98: ABB Ltd. - Business segments
-- Exhibit 99: ABB Ltd. - Key offerings
-- Exhibit 100: ABB Ltd. - Segment focus
-- 10.4 Adlee Powertronic Co.Ltd.
-- Exhibit 101: Adlee Powertronic Co.Ltd. - Overview
-- Exhibit 102: Adlee Powertronic Co.Ltd. - Product / Service
-- Exhibit 103: Adlee Powertronic Co.Ltd. - Key offerings
-- 10.5 Bison Gear And Engineering Corp.
-- Exhibit 104: Bison Gear And Engineering Corp. - Overview
-- Exhibit 105: Bison Gear And Engineering Corp. - Product / Service
-- Exhibit 106: Bison Gear And Engineering Corp. - Key offerings
-- 10.6 Havells India Ltd.
-- Exhibit 107: Havells India Ltd. - Overview
-- Exhibit 108: Havells India Ltd. - Business segments
-- Exhibit 109: Havells India Ltd. - Key news
-- Exhibit 110: Havells India Ltd. - Key offerings
-- Exhibit 111: Havells India Ltd. - Segment focus
-- 10.7 Nidec Corp.
-- Exhibit 112: Nidec Corp. - Overview
-- Exhibit 113: Nidec Corp. - Business segments
-- Exhibit 114: Nidec Corp. - Key news
-- Exhibit 115: Nidec Corp. - Key offerings
-- Exhibit 116: Nidec Corp. - Segment focus
-- 10.8 Nord Gear Ltd.
-- Exhibit 117: Nord Gear Ltd. - Overview
-- Exhibit 118: Nord Gear Ltd. - Product / Service
-- Exhibit 119: Nord Gear Ltd. - Key offerings
-- 10.9 Regal Rexnord Corp.
-- Exhibit 120: Regal Rexnord Corp. - Overview
-- Exhibit 121: Regal Rexnord Corp. - Business segments
-- Exhibit 122: Regal Rexnord Corp. - Key offerings
-- Exhibit 123: Regal Rexnord Corp. - Segment focus
-- 10.10 Rockwell Automation Inc.
-- Exhibit 124: Rockwell Automation Inc. - Overview
-- Exhibit 125: Rockwell Automation Inc. - Business segments
-- Exhibit 126: Rockwell Automation Inc. - Key news
-- Exhibit 127: Rockwell Automation Inc. - Key offerings
-- Exhibit 128: Rockwell Automation Inc. - Segment focus
-- 10.11 Siemens AG
-- Exhibit 129: Siemens AG - Overview
-- Exhibit 130: Siemens AG - Business segments
-- Exhibit 131: Siemens AG - Key news
-- Exhibit 132: Siemens AG - Key offerings
-- Exhibit 133: Siemens AG - Segment focus
-- 10.12 WEG SA
-- Exhibit 134: WEG SA - Overview
-- Exhibit 135: WEG SA - Business segments
-- Exhibit 136: WEG SA - Key offerings
-- Exhibit 137: WEG SA - Segment focus
11 Appendix
-- 11.1 Scope of the report
-- 11.2 Inclusions and exclusions checklist
-- Exhibit 138: Inclusions checklist
-- Exhibit 139: Exclusions checklist
-- 11.3 Currency conversion rates for US$
-- Exhibit 140: Currency conversion rates for US$
-- 11.4 Research methodology
-- Exhibit 141: Research methodology
-- Exhibit 142: Validation techniques employed for market sizing
-- Exhibit 143: Information sources
-- 11.5 List of abbreviations
-- Exhibit 144: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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