Can Inverter Duty Motors Market Reach to $4.08 Billion
The report "Inverter Duty Motors Market by Application, by End-User, by Standards, by
Construction Material, and by Region (North America, Europe, Asia-Pacific, and Rest of the
World) - Global forecasts to 2021", The inverter duty motors market is expected to grow from
an estimated USD 2.58 Billion in 2016 to USD 4.08 Billion by 2021, at a CAGR of 9.6% from 2016
to 2021. Increasing need for motor efficiency, growing urbanization and infrastructure
developments, and high demand for energy density of motors are driving the inverter duty
motors market across the globe.
Browse 73 market data tables with 49 figures spread through 142 pages and in-depth TOC
on "Inverter Duty Motors Market - Global forecasts to 2021"
IEEE standards-based inverter duty motors accounted for the largest market share in 2015
Among different types of international standards, i.e., IEEE, NEMA, UL, and others, IEEE standards -
based inverter duty motors accounted for the largest market share in 2015. IEEE specifies inverter
duty motors standard under IEEE 841™-2009 standard. This standard implies that the motors
should be built with NEMA MG1 compliance, and also should include typical features and testing
of IEEE 841™-2009 standard. The additional reliability gained by these tests adds advantage to
IEEE-based inverter duty motors over standard NEMA-based inverter duty motors. These motors
are mostly used in the North American and European region.
Chemicals and oil & gas end-user segment is responsible for the highest demand of
inverter duty motors globally
Upstream operations of the oil & gas industry, such as drilling, require constant torque and
variable speed motor applications. Inverter duty motors are reliable and efficient for such
operations. Due to widespread oil & gas operations across the globe, and increasing demand for
reliability in operations, inverter duty motors are expected to cater the highest demand from this
industry during the forecast period. Metal & mining is another segment contributing to the
demand for inverter duty motors. In this segment, inverter duty motors find their utilization in
crane & hoists, conveyors, and extruders applications.
Scope of the Report:
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By Application
o Pumps