The Global Inverter Duty Motor Market size is expected to reach $9.7 billion by 2031, rising at a market growth of 9.4% CAGR during the forecast period.
Asia-Pacific region is experiencing rapid industrialization, particularly in countries like China, India, and Vietnam. This growth drives the demand for advanced motor technologies, including these motors, to support modernized manufacturing and processing facilities. Consequently, the Asia Pacific region would acquire nearly 28% of the total market share by 2031.
The major strategies followed by the market participants are Product launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, Two news of any two random companies apart from leaders and key innovators. In May, 2024, ABB Group unveiled a new propulsion package for electric buses featuring the AMXE250 motor and HES580 inverter. The HES580, the first 3-level inverter for electric buses, offers up to 75% reduction in harmonic losses, improving energy efficiency and minimizing heat, advancing cleaner and more sustainable transportation. Moreover, in September, 2023, Nidec Motor unveiled the external sale of two new test benches: the TDAS-1202P for evaluating EV traction motor units and the TDAS-2032P for assessing E-Axle systems, which integrate a motor, gear, and inverter.
Market Growth Factors
In critical applications, such as those in aerospace, defense, medical equipment, and high-stakes industrial processes, any downtime can have severe consequences. Furthermore, in sectors like aerospace and defense, stringent safety and compliance standards are in place. Thus, increased focus on reliability in critical application is driving the growth of the market.
Governments and regulatory bodies worldwide are implementing stringent energy efficiency standards and regulations to combat climate change and reduce energy consumption. These motors help lower energy consumption, reducing greenhouse gas emissions. This aligns with global efforts to decrease carbon footprints and supports environmental sustainability goals. Hence, the growing emphasis on energy efficiency propels the market's growth.
Market Restraining Factors
These motors are designed with advanced features to handle variable speeds and torque requirements when paired with variable frequency drives (VFDs). In addition, while these motors offer long-term energy savings and operational efficiencies, the initial costs can result in a longer payback period. In conclusion, high initial costs are hampering the growth of the market.
Material Outlook
Based on material, the market is divided into laminated steel, cast iron, and aluminum. The cast iron segment attained 39% revenue share in the market in 2023. Cast iron is known for its high tensile strength and durability, making it suitable for structural components of these motors that require robust performance.
Industry Vertical Outlook
By industry vertical, the market is divided into chemicals, oil & gas, metal & mining, paper & pulp, food & beverage, and others. The metal & mining segment held 18% revenue share in the market in 2023. The smooth and controlled operation of these motors leads to quieter equipment. Reducing noise levels is beneficial in mining and metal processing operations, where high noise levels can concern worker comfort and compliance with regulations.
Application Outlook
On the basis of application, the market is segmented into pumps, fans, conveyors, extruders, and others. In 2023, the fans segment attained 27% revenue share in the market. These motors offer precise control over fan speed and airflow, allowing for accurate adjustment based on system requirements. This precision is crucial for applications that need consistent and adjustable airflow.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 35% revenue share in the market in 2023. North America, especially the United States, has a well-established industrial and manufacturing sector that heavily relies on advanced motor technologies.
Recent Strategies Deployed in the Market
- Mar-2024: Siemens AG announced the acquisition of ebm-papst, a ventilation and air conditioning company's industrial drive technology (IDT) business, which employs about 650 people and specializes in mechatronic systems and motion control for driverless transport systems. This acquisition will enhance Siemens Xcelerator's portfolio and bolster its leadership in flexible production automation.
- Oct-2023: Havells India Ltd. unveiled the Dual Mode MicroInverter, supported by four US patents. This innovation, featuring an MPPT-based Solar Charge Controller, converts DC to AC and operates in On-Grid and Off-Grid modes. Available in DMMI-800 and DMMI-1600 models, it supports all solar module types.
- Sep-2023: Regal Rexnord Corporation, announced the acquisition of Altra Industrial Motion, the design, manufacture, and marketing of mechanical power transmission products has unveiled its new Flex-in-1 motor. This innovative product can replace up to 18 different traditional general-purpose motors, marking one of its first launches since the acquisition.
- May-2023: ABB Group announced the acquisition of Siemens AG, a multinational company's low voltage NEMA motor business, enhancing its Motion division's growth strategy. This acquisition reinforces ABB's leadership in industrial NEMA motors and offers a stronger platform for global customers. The motors will be rebranded as ABB and reintroduced to the market.
- Jun-2022: Rockwell Automation, Inc. unveiled Kinetix VP-Series Servo Motors offer seamless motion control via EtherNet/IP, optimized for Kinetix 5500 and 5700 drives. The series includes Kinetix VPC for continuous power, VPL for high dynamics, VPF for food-grade applications, and VPH for hygienic washdown environments.
List of Key Companies Profiled
- ABB Group
- Siemens AG
- Rockwell Automation, Inc.
- General Electric Company
- Havells India Ltd.
- Toshiba International Corporation
- Mitsubishi Electric Corporation
- Nidec Motor Corporation
- Regal Rexnord Corporation
- Watertronics
Global Inverter Duty Motor Market Report Segmentation
By Material
- Laminated steel
- Cast iron
- Aluminum
By Industry Vertical
- Chemicals
- Oil & gas
- Metal & mining
- Paper & pulp
- Food & Beverage
- Others
By Application
- Pumps
- Fans
- Conveyors
- Extruders
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Inverter Duty Motor Market, by Material
- 1.4.2 Global Inverter Duty Motor Market, by Industry Vertical
- 1.4.3 Global Inverter Duty Motor Market, by Application
- 1.4.4 Global Inverter Duty Motor Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Product Launches and Product Expansions
- 4.2.2 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Dec - 2024, May) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. Global Inverter Duty Motor Market by Material
- 5.1 Global Laminated steel Market by Region
- 5.2 Global Cast iron Market by Region
- 5.3 Global Aluminum Market by Region
Chapter 6. Global Inverter Duty Motor Market by Industry Vertical
- 6.1 Global Chemicals Market by Region
- 6.2 Global Oil & gas Market by Region
- 6.3 Global Metal & mining Market by Region
- 6.4 Global Paper & pulp Market by Region
- 6.5 Global Food & Beverage Market by Region
- 6.6 Global Others Market by Region
Chapter 7. Global Inverter Duty Motor Market by Application
- 7.1 Global Pumps Market by Region
- 7.2 Global Fans Market by Region
- 7.3 Global Conveyors Market by Region
- 7.4 Global Extruders Market by Region
- 7.5 Global Others Market by Region
Chapter 8. Global Inverter Duty Motor Market by Region
- 8.1 North America Inverter Duty Motor Market
- 8.1.1 North America Inverter Duty Motor Market by Material
- 8.1.1.1 North America Laminated steel Market by Country
- 8.1.1.2 North America Cast iron Market by Country
- 8.1.1.3 North America Aluminum Market by Country
- 8.1.2 North America Inverter Duty Motor Market by Industry Vertical
- 8.1.2.1 North America Chemicals Market by Country
- 8.1.2.2 North America Oil & gas Market by Country
- 8.1.2.3 North America Metal & mining Market by Country
- 8.1.2.4 North America Paper & pulp Market by Country
- 8.1.2.5 North America Food & Beverage Market by Country
- 8.1.2.6 North America Others Market by Country
- 8.1.3 North America Inverter Duty Motor Market by Application
- 8.1.3.1 North America Pumps Market by Country
- 8.1.3.2 North America Fans Market by Country
- 8.1.3.3 North America Conveyors Market by Country
- 8.1.3.4 North America Extruders Market by Country
- 8.1.3.5 North America Others Market by Country
- 8.1.4 North America Inverter Duty Motor Market by Country
- 8.1.4.1 US Inverter Duty Motor Market
- 8.1.4.1.1 US Inverter Duty Motor Market by Material
- 8.1.4.1.2 US Inverter Duty Motor Market by Industry Vertical
- 8.1.4.1.3 US Inverter Duty Motor Market by Application
- 8.1.4.2 Canada Inverter Duty Motor Market
- 8.1.4.2.1 Canada Inverter Duty Motor Market by Material
- 8.1.4.2.2 Canada Inverter Duty Motor Market by Industry Vertical
- 8.1.4.2.3 Canada Inverter Duty Motor Market by Application
- 8.1.4.3 Mexico Inverter Duty Motor Market
- 8.1.4.3.1 Mexico Inverter Duty Motor Market by Material
- 8.1.4.3.2 Mexico Inverter Duty Motor Market by Industry Vertical
- 8.1.4.3.3 Mexico Inverter Duty Motor Market by Application
- 8.1.4.4 Rest of North America Inverter Duty Motor Market
- 8.1.4.4.1 Rest of North America Inverter Duty Motor Market by Material
- 8.1.4.4.2 Rest of North America Inverter Duty Motor Market by Industry Vertical
- 8.1.4.4.3 Rest of North America Inverter Duty Motor Market by Application
- 8.2 Europe Inverter Duty Motor Market
- 8.2.1 Europe Inverter Duty Motor Market by Material
- 8.2.1.1 Europe Laminated steel Market by Country
- 8.2.1.2 Europe Cast iron Market by Country
- 8.2.1.3 Europe Aluminum Market by Country
- 8.2.2 Europe Inverter Duty Motor Market by Industry Vertical
- 8.2.2.1 Europe Chemicals Market by Country
- 8.2.2.2 Europe Oil & gas Market by Country
- 8.2.2.3 Europe Metal & mining Market by Country
- 8.2.2.4 Europe Paper & pulp Market by Country
- 8.2.2.5 Europe Food & Beverage Market by Country
- 8.2.2.6 Europe Others Market by Country
- 8.2.3 Europe Inverter Duty Motor Market by Application
- 8.2.3.1 Europe Pumps Market by Country
- 8.2.3.2 Europe Fans Market by Country
- 8.2.3.3 Europe Conveyors Market by Country
- 8.2.3.4 Europe Extruders Market by Country
- 8.2.3.5 Europe Others Market by Country
- 8.2.4 Europe Inverter Duty Motor Market by Country
- 8.2.4.1 Germany Inverter Duty Motor Market
- 8.2.4.1.1 Germany Inverter Duty Motor Market by Material
- 8.2.4.1.2 Germany Inverter Duty Motor Market by Industry Vertical
- 8.2.4.1.3 Germany Inverter Duty Motor Market by Application
- 8.2.4.2 UK Inverter Duty Motor Market
- 8.2.4.2.1 UK Inverter Duty Motor Market by Material
- 8.2.4.2.2 UK Inverter Duty Motor Market by Industry Vertical
- 8.2.4.2.3 UK Inverter Duty Motor Market by Application
- 8.2.4.3 France Inverter Duty Motor Market
- 8.2.4.3.1 France Inverter Duty Motor Market by Material
- 8.2.4.3.2 France Inverter Duty Motor Market by Industry Vertical
- 8.2.4.3.3 France Inverter Duty Motor Market by Application
- 8.2.4.4 Russia Inverter Duty Motor Market
- 8.2.4.4.1 Russia Inverter Duty Motor Market by Material
- 8.2.4.4.2 Russia Inverter Duty Motor Market by Industry Vertical
- 8.2.4.4.3 Russia Inverter Duty Motor Market by Application
- 8.2.4.5 Spain Inverter Duty Motor Market
- 8.2.4.5.1 Spain Inverter Duty Motor Market by Material
- 8.2.4.5.2 Spain Inverter Duty Motor Market by Industry Vertical
- 8.2.4.5.3 Spain Inverter Duty Motor Market by Application
- 8.2.4.6 Italy Inverter Duty Motor Market
- 8.2.4.6.1 Italy Inverter Duty Motor Market by Material
- 8.2.4.6.2 Italy Inverter Duty Motor Market by Industry Vertical
- 8.2.4.6.3 Italy Inverter Duty Motor Market by Application
- 8.2.4.7 Rest of Europe Inverter Duty Motor Market
- 8.2.4.7.1 Rest of Europe Inverter Duty Motor Market by Material
- 8.2.4.7.2 Rest of Europe Inverter Duty Motor Market by Industry Vertical
- 8.2.4.7.3 Rest of Europe Inverter Duty Motor Market by Application
- 8.3 Asia Pacific Inverter Duty Motor Market
- 8.3.1 Asia Pacific Inverter Duty Motor Market by Material
- 8.3.1.1 Asia Pacific Laminated steel Market by Country
- 8.3.1.2 Asia Pacific Cast iron Market by Country
- 8.3.1.3 Asia Pacific Aluminum Market by Country
- 8.3.2 Asia Pacific Inverter Duty Motor Market by Industry Vertical
- 8.3.2.1 Asia Pacific Chemicals Market by Country
- 8.3.2.2 Asia Pacific Oil & gas Market by Country
- 8.3.2.3 Asia Pacific Metal & mining Market by Country
- 8.3.2.4 Asia Pacific Paper & pulp Market by Country
- 8.3.2.5 Asia Pacific Food & Beverage Market by Country
- 8.3.2.6 Asia Pacific Others Market by Country
- 8.3.3 Asia Pacific Inverter Duty Motor Market by Application
- 8.3.3.1 Asia Pacific Pumps Market by Country
- 8.3.3.2 Asia Pacific Fans Market by Country
- 8.3.3.3 Asia Pacific Conveyors Market by Country
- 8.3.3.4 Asia Pacific Extruders Market by Country
- 8.3.3.5 Asia Pacific Others Market by Country
- 8.3.4 Asia Pacific Inverter Duty Motor Market by Country
- 8.3.4.1 China Inverter Duty Motor Market
- 8.3.4.1.1 China Inverter Duty Motor Market by Material
- 8.3.4.1.2 China Inverter Duty Motor Market by Industry Vertical
- 8.3.4.1.3 China Inverter Duty Motor Market by Application
- 8.3.4.2 Japan Inverter Duty Motor Market
- 8.3.4.2.1 Japan Inverter Duty Motor Market by Material
- 8.3.4.2.2 Japan Inverter Duty Motor Market by Industry Vertical
- 8.3.4.2.3 Japan Inverter Duty Motor Market by Application
- 8.3.4.3 India Inverter Duty Motor Market
- 8.3.4.3.1 India Inverter Duty Motor Market by Material
- 8.3.4.3.2 India Inverter Duty Motor Market by Industry Vertical
- 8.3.4.3.3 India Inverter Duty Motor Market by Application
- 8.3.4.4 South Korea Inverter Duty Motor Market
- 8.3.4.4.1 South Korea Inverter Duty Motor Market by Material
- 8.3.4.4.2 South Korea Inverter Duty Motor Market by Industry Vertical
- 8.3.4.4.3 South Korea Inverter Duty Motor Market by Application
- 8.3.4.5 Singapore Inverter Duty Motor Market
- 8.3.4.5.1 Singapore Inverter Duty Motor Market by Material
- 8.3.4.5.2 Singapore Inverter Duty Motor Market by Industry Vertical
- 8.3.4.5.3 Singapore Inverter Duty Motor Market by Application
- 8.3.4.6 Malaysia Inverter Duty Motor Market
- 8.3.4.6.1 Malaysia Inverter Duty Motor Market by Material
- 8.3.4.6.2 Malaysia Inverter Duty Motor Market by Industry Vertical
- 8.3.4.6.3 Malaysia Inverter Duty Motor Market by Application
- 8.3.4.7 Rest of Asia Pacific Inverter Duty Motor Market
- 8.3.4.7.1 Rest of Asia Pacific Inverter Duty Motor Market by Material
- 8.3.4.7.2 Rest of Asia Pacific Inverter Duty Motor Market by Industry Vertical
- 8.3.4.7.3 Rest of Asia Pacific Inverter Duty Motor Market by Application
- 8.4 LAMEA Inverter Duty Motor Market
- 8.4.1 LAMEA Inverter Duty Motor Market by Material
- 8.4.1.1 LAMEA Laminated steel Market by Country
- 8.4.1.2 LAMEA Cast iron Market by Country
- 8.4.1.3 LAMEA Aluminum Market by Country
- 8.4.2 LAMEA Inverter Duty Motor Market by Industry Vertical
- 8.4.2.1 LAMEA Chemicals Market by Country
- 8.4.2.2 LAMEA Oil & gas Market by Country
- 8.4.2.3 LAMEA Metal & mining Market by Country
- 8.4.2.4 LAMEA Paper & pulp Market by Country
- 8.4.2.5 LAMEA Food & Beverage Market by Country
- 8.4.2.6 LAMEA Others Market by Country
- 8.4.3 LAMEA Inverter Duty Motor Market by Application
- 8.4.3.1 LAMEA Pumps Market by Country
- 8.4.3.2 LAMEA Fans Market by Country
- 8.4.3.3 LAMEA Conveyors Market by Country
- 8.4.3.4 LAMEA Extruders Market by Country
- 8.4.3.5 LAMEA Others Market by Country
- 8.4.4 LAMEA Inverter Duty Motor Market by Country
- 8.4.4.1 Brazil Inverter Duty Motor Market
- 8.4.4.1.1 Brazil Inverter Duty Motor Market by Material
- 8.4.4.1.2 Brazil Inverter Duty Motor Market by Industry Vertical
- 8.4.4.1.3 Brazil Inverter Duty Motor Market by Application
- 8.4.4.2 Argentina Inverter Duty Motor Market
- 8.4.4.2.1 Argentina Inverter Duty Motor Market by Material
- 8.4.4.2.2 Argentina Inverter Duty Motor Market by Industry Vertical
- 8.4.4.2.3 Argentina Inverter Duty Motor Market by Application
- 8.4.4.3 UAE Inverter Duty Motor Market
- 8.4.4.3.1 UAE Inverter Duty Motor Market by Material
- 8.4.4.3.2 UAE Inverter Duty Motor Market by Industry Vertical
- 8.4.4.3.3 UAE Inverter Duty Motor Market by Application
- 8.4.4.4 Saudi Arabia Inverter Duty Motor Market
- 8.4.4.4.1 Saudi Arabia Inverter Duty Motor Market by Material
- 8.4.4.4.2 Saudi Arabia Inverter Duty Motor Market by Industry Vertical
- 8.4.4.4.3 Saudi Arabia Inverter Duty Motor Market by Application
- 8.4.4.5 South Africa Inverter Duty Motor Market
- 8.4.4.5.1 South Africa Inverter Duty Motor Market by Material
- 8.4.4.5.2 South Africa Inverter Duty Motor Market by Industry Vertical
- 8.4.4.5.3 South Africa Inverter Duty Motor Market by Application
- 8.4.4.6 Nigeria Inverter Duty Motor Market
- 8.4.4.6.1 Nigeria Inverter Duty Motor Market by Material
- 8.4.4.6.2 Nigeria Inverter Duty Motor Market by Industry Vertical
- 8.4.4.6.3 Nigeria Inverter Duty Motor Market by Application
- 8.4.4.7 Rest of LAMEA Inverter Duty Motor Market
- 8.4.4.7.1 Rest of LAMEA Inverter Duty Motor Market by Material
- 8.4.4.7.2 Rest of LAMEA Inverter Duty Motor Market by Industry Vertical
- 8.4.4.7.3 Rest of LAMEA Inverter Duty Motor Market by Application
Chapter 9. Company Profiles
- 9.1 ABB Group
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
- 9.2 Siemens AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.5.2 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
- 9.3 Rockwell Automation, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 General Electric Company
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 SWOT Analysis
- 9.5 Havells India Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental Analysis
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Product Launches and Product Expansions:
- 9.5.5 SWOT Analysis
- 9.6 Toshiba International Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research and Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 Mitsubishi Electric Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 SWOT Analysis
- 9.8 Nidec Motor Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Regal Rexnord Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. Watertronics
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
Chapter 10. Winning Imperatives for Inverter Duty Motor Market