PUBLISHER: KBV Research | PRODUCT CODE: 1548749
PUBLISHER: KBV Research | PRODUCT CODE: 1548749
North America Inverter Duty Motor Market Size, Share & Trends Analysis Report By Material (Laminated steel and Aluminum), By Industry Vertical (Chemicals and Others), By Application (Pumps and Others), By Country and Growth Forecast, 2024 - 2031
The North America Inverter Duty Motor Market would witness market growth of 8.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Inverter Duty Motor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2,343.7 million by 2031. The Canada market is experiencing a CAGR of 11.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.2% during (2024 - 2031).
This motor is an electric motor specifically designed to operate with variable frequency drives (VFDs) or inverters. These motors are engineered to handle the demanding conditions associated with variable speed operations, including frequency and voltage changes. Inverter-duty motors are versatile and play a critical role in numerous industrial applications. This duty motors enable HVAC systems to adapt air flow based on real-time demand, optimizing comfort and energy usage in large commercial and residential buildings.
In addition, these motors can adjust the speed of fans and compressors based on occupancy levels and temperature variations, leading to significant energy savings. This duty motors control the speed of pumps and aerators in water and wastewater treatment plants, optimizing energy use and improving the efficiency of treatment processes. They adapt to varying water flow and treatment requirements, ensuring effective operation across different stages of the treatment process.
The Canadian food and beverage industry is increasingly adopting automation to enhance productivity, consistency, and hygiene in food processing. These duty motors play a crucial role in these automated systems, offering precise control over speed and torque, essential for tasks like mixing, packaging, and conveyor systems. Efficiency and Consistency: These duty motors help maintain the consistency of operations by providing stable and reliable performance, which is vital in Canada's highly regulated food and beverage sector. Mining equipment requires reliable and efficient motor solutions to operate effectively in harsh environments. Inverter duty motors offer the precise control and durability needed for such applications, contributing to their growing use. As per the International Trade Administration (ITA), Mexico's mining industry value in 2022 was USD 3.3 billion. About half of Mexico's mining production consists of extracting precious metals, with the remaining output composed of 40 percent non-ferrous, six percent metallurgy, and seven percent non-metallic ores. In 2022, mining production reached USD 16.16 billion. Hence, the growing food and beverage processing sector and expansion of the mining industry in North America are expected to boost the demand for probiotics in the region.
Based on Material, the market is segmented into Laminated steel, Cast iron, and Aluminum. Based on Industry Vertical, the market is segmented into Chemicals, Oil & gas, Metal & mining, Paper & pulp, Food & Beverage, and Others. Based on Application, the market is segmented into Pumps, Fans, Conveyors, Extruders, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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
North America 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 Country
- US
- Canada
- Mexico
- Rest of North America
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 North America Inverter Duty Motor Market, by Material
- 1.4.2 North America Inverter Duty Motor Market, by Industry Vertical
- 1.4.3 North America Inverter Duty Motor Market, by Application
- 1.4.4 North America Inverter Duty Motor Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 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. North America Inverter Duty Motor Market by Material
- 5.1 North America Laminated steel Market by Country
- 5.2 North America Cast iron Market by Country
- 5.3 North America Aluminum Market by Country
Chapter 6. North America Inverter Duty Motor Market by Industry Vertical
- 6.1 North America Chemicals Market by Country
- 6.2 North America Oil & gas Market by Country
- 6.3 North America Metal & mining Market by Country
- 6.4 North America Paper & pulp Market by Country
- 6.5 North America Food & Beverage Market by Country
- 6.6 North America Others Market by Country
Chapter 7. North America Inverter Duty Motor Market by Application
- 7.1 North America Pumps Market by Country
- 7.2 North America Fans Market by Country
- 7.3 North America Conveyors Market by Country
- 7.4 North America Extruders Market by Country
- 7.5 North America Others Market by Country
Chapter 8. North America Inverter Duty Motor Market by Country
- 8.1 US Inverter Duty Motor Market
- 8.1.1 US Inverter Duty Motor Market by Material
- 8.1.2 US Inverter Duty Motor Market by Industry Vertical
- 8.1.3 US Inverter Duty Motor Market by Application
- 8.2 Canada Inverter Duty Motor Market
- 8.2.1 Canada Inverter Duty Motor Market by Material
- 8.2.2 Canada Inverter Duty Motor Market by Industry Vertical
- 8.2.3 Canada Inverter Duty Motor Market by Application
- 8.3 Mexico Inverter Duty Motor Market
- 8.3.1 Mexico Inverter Duty Motor Market by Material
- 8.3.2 Mexico Inverter Duty Motor Market by Industry Vertical
- 8.3.3 Mexico Inverter Duty Motor Market by Application
- 8.4 Rest of North America Inverter Duty Motor Market
- 8.4.1 Rest of North America Inverter Duty Motor Market by Material
- 8.4.2 Rest of North America Inverter Duty Motor Market by Industry Vertical
- 8.4.3 Rest of North America 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
LIST OF TABLES
- TABLE 1 North America Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 2 North America Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 3 Product Launches And Product Expansions- Inverter Duty Motor Market
- TABLE 4 Acquisition and Mergers- Inverter Duty Motor Market
- TABLE 5 North America Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 6 North America Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 7 North America Laminated steel Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Laminated steel Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Cast iron Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Cast iron Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Aluminum Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Aluminum Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 14 North America Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 15 North America Chemicals Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Chemicals Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Oil & gas Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Oil & gas Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Metal & mining Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Metal & mining Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Paper & pulp Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Paper & pulp Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Food & Beverage Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Food & Beverage Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 28 North America Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 29 North America Pumps Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Pumps Market by Country, 2024 - 2031, USD Million
- TABLE 31 North America Fans Market by Country, 2020 - 2023, USD Million
- TABLE 32 North America Fans Market by Country, 2024 - 2031, USD Million
- TABLE 33 North America Conveyors Market by Country, 2020 - 2023, USD Million
- TABLE 34 North America Conveyors Market by Country, 2024 - 2031, USD Million
- TABLE 35 North America Extruders Market by Country, 2020 - 2023, USD Million
- TABLE 36 North America Extruders Market by Country, 2024 - 2031, USD Million
- TABLE 37 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 38 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 39 North America Inverter Duty Motor Market by Country, 2020 - 2023, USD Million
- TABLE 40 North America Inverter Duty Motor Market by Country, 2024 - 2031, USD Million
- TABLE 41 US Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 42 US Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 43 US Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 44 US Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 45 US Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 46 US Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 47 US Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 48 US Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 49 Canada Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 50 Canada Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 51 Canada Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 52 Canada Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 53 Canada Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 54 Canada Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 55 Canada Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 56 Canada Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 57 Mexico Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 58 Mexico Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 59 Mexico Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 60 Mexico Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 61 Mexico Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 62 Mexico Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 63 Mexico Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 64 Mexico Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 65 Rest of North America Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 66 Rest of North America Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 67 Rest of North America Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 68 Rest of North America Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 69 Rest of North America Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 70 Rest of North America Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 71 Rest of North America Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 72 Rest of North America Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 73 Key Information - ABB Group
- TABLE 74 Key Information - Siemens AG
- TABLE 75 Key Information - Rockwell Automation, Inc.
- TABLE 76 Key Information - General Electric Company
- TABLE 77 Key Information - Havells India Ltd.
- TABLE 78 Key Information - Toshiba International Corporation
- TABLE 79 Key Information - Mitsubishi Electric Corporation
- TABLE 80 Key Information - Nidec Motor Corporation
- TABLE 81 Key Information - Regal Rexnord Corporation
- TABLE 82 Key Information - Watertronics
