Press release
Inverter Duty Motor Market to Reach USD 9.72 Billion by 2030, Driven by 10.21% CAGR Growth
Inverter Duty Motor Market
The global inverter duty motor market is poised for significant growth, projected to expand from USD 4.92 billion in 2023 to nearly USD 9.72 billion by 2030, reflecting a robust CAGR of 10.21% during the forecast period.
This surge is driven by the increasing adoption of industrial automation and technological advancements across various sectors, including manufacturing, material handling, and chemical processing. Inverter duty motors, designed to operate efficiently at low speeds and handle higher voltage peaks without overheating, are integral to modern industrial applications.
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► Competitive Landscape and Regional Demand
The inverter duty motor market is characterized by intense competition, with key players such as ABB, Siemens, Schneider Electric, Emerson Electric Co., Nidec Corporation, and WEG S.A. leading the charge. These companies are investing in innovative solutions and strategic partnerships to strengthen their market positions .
► Regional Insights
◘ Growth and Consolidation in the United States :
The U.S. inverter duty motor market is experiencing growth, bolstered by a robust manufacturing sector and advancements in motor technology. Government initiatives promoting industrial automation and energy conservation are further driving demand. Notably, ABB has committed $120 million to expand production of low voltage electrical equipment in Tennessee and Mississippi, aiming to increase local production and reduce tariff impacts .
◘ Opportunity and Trends in Asia-Pacific:
Asia-Pacific is witnessing the fastest growth in the inverter duty motor market, with a projected CAGR of 10.7% from 2025 to 2030 . China and India are leading this expansion, driven by rapid industrialization, urbanization, and a growing focus on automation and robotics. Government initiatives like India's 'Make in India' and China's 'Made in China 2025' are promoting the adoption of energy-efficient technologies .
◘ Trends and Updation in Europe:
Europe's inverter duty motor market is growing steadily, with Germany dominating the regional market. The region's mature industrial landscape, coupled with stringent environmental regulations, fosters a conducive environment for inverter duty motor adoption. The automotive industry's shift toward electric vehicles is creating new opportunities for these motors in Germany .
◘ Consolidation and Growth in Middle East and Africa:
The Middle East and Africa region is experiencing growth in the inverter duty motor market, with a projected CAGR of 12.0% from 2024 to 2031 . Countries like the UAE are registering significant growth, driven by increasing industrial activities and investments in infrastructure development.
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► Key Recent Developments
ABB's Launch of AMXE250 Motor and HES580 Inverter: In May 2024, ABB introduced a new energy-efficient motor and inverter package designed for electric buses, aiming to advance sustainable transportation solutions .
WEG's Introduction of W23 Sync+Ultra Motor: In April 2024, WEG launched the W23 Sync+Ultra, the most efficient industrial motor ever created, achieving an IE6 efficiency level with 20% lower energy losses compared to the previous IE5 standard .
Siemens' Launch of Sinamics S200 Servo Drive System: In May 2023, Siemens introduced the Sinamics S200, a new servo drive system designed for the battery and electronics industries, offering precise control and high performance .
► Market Segmentation: In-Depth Analysis:
◘ by Construction
Material Laminated Steel
Cast Iron
Aluminium
◘ by Application
Pumps
Fans
Extruders
Conveyors
Others
The market for inverter duty motors is divided into several segments, including pumps, fans, extruders, conveyors, and others. With a market share of in 2023, the Pump segment led the Inverter Duty Motor Market, and it is anticipated to continue to do so throughout the 2024-2030 forecast period. This is a result of the growing use of variable speed pumping systems across a range of industries as well as the continuous drive for energy-efficient solutions. Inverter motors are especially needed for pumping applications in sectors like chemical processing, oil and gas, and water management where energy conservation and operational efficiency are critical.
◘ by End User
Chemicals
Oil & Gas
Metal & Mining
Paper & Pulp
Food & Beverage
Others
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/inverter-duty-motor-market/261507/
► Learn about the top players driving innovation in the Market :
North America
1. Regal Beloit Corporation (United States)
2. GE (General Electric) (Unites States)
3. Rockwell Automation (United States)
4. Bison Gear & Engineering (United States)
5. North American Electric Inc. (United States)
Europe
6. ABB (Switzerland)
7. Siemens (Germany)
8. Nidec Corporation (France)
9. VEM Group (Germany)
10. Brook Crompton (UK)
11. SEW-Eurodrive (Germany)
12. Emerson Electric Co. (UK)
Asia-Pacific
13. Nidec Motor Corporation (Japan)
14. Havells India Ltd. (India)
15. Adlee Powertronic Co. Ltd. (Taiwan)
16. Nanyang Harward Ex Machinery and Electronics Co. Ltd. (China)
17. Fukuta Electric & Machinery Co. Ltd. (Taiwan)
18. Toshiba International Corporation (Japan)
19. Hitachi Ltd. (Japan)
20. Hyosung Heavy Industries (South Korea)
Middle East and Africa
21. Schneider Electric (South Africa)
22. Crest Pumps (Nigeria)
23. Others
South America
24. WEG S.A. (Brazil)
25. Other Players
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