Market Size of Inverter Duty Motor Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Inverter Duty Motor Market Analysis
The market for inverter duty motor is expected to grow at a CAGR of over 5% during the forecast period of 2020 - 2025. Factors such as rising urbanization, growing industrialization, and huge investments in leveraging the performance of industries are expected to drive the market during the forecast period. Also, the growing demand for energy-efficient motors is likely to propel the demand for inverter duty motor market during the forecast period. However, a decrease in greenfield investments by the oil and gas industry i.e. owing to continuous fall in oil prices and high installation costs are the major factors that are expected to hinder the market growth.
- Pumps segment is expected to witness significant demand during the forecast period, owing to its advantages like higher energy efficiency when compared to other applications.
- Growth in the fixed speed applications (for example mobile drainage pumps, which always need to deliver a maximum output or an industrial plant that runs at a fixed speed) is likely to provide huge opportunities for the market studied.
- Asia-Pacific is expected to the fastest growing market during the forecast period, with majority of the demand coming from countries like China and India.
