Inverter Duty Motor Market 2024-2028
The inverter duty motor market is forecasted to grow by USD 2074.9 mn during 2023-2028, accelerating at a CAGR of 8.5% during the forecast period. The report on the inverter duty motor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for energy-efficient equipment, increasing industrialization and commercialization, and presence of regulations that mandate use of inverter duty motors.
Technavio's inverter duty motor market is segmented as below:
- By Application
- Pumps
- Fans
- Conveyors
- Others
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing market of variable frequency drives as one of the prime reasons driving the inverter duty motor market growth during the next few years. Also, technological advances in inverter duty motors and advent of iot will lead to sizable demand in the market.
The report on the inverter duty motor market covers the following areas:
- Inverter Duty Motor Market sizing
- Inverter Duty Motor Market forecast
- Inverter Duty Motor Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading inverter duty motor market vendors that include ABB Ltd., Adlee Powertronic Co. Ltd., Bison Gear And Engineering Corp., Bodine Electric Co., 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, and WEG S.A. Also, the inverter duty motor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.