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PUBLISHER: KBV Research | PRODUCT CODE: 1548752
PUBLISHER: KBV Research | PRODUCT CODE: 1548752
LAMEA 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
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The Latin America, Middle East and Africa Inverter Duty Motor Market would witness market growth of 12.0% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Inverter Duty Motor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $188.4 million by 2031. The Argentina market is showcasing a CAGR of 12.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.1% during (2024 - 2031).
The duty motor market is evolving rapidly, with several key trends shaping its growth and development. Developing smart duty motors with sensors and connectivity features is a significant trend. These smart motors provide real-time data on performance, enabling predictive maintenance and more efficient operations. These duty motors are increasingly integrated with Internet of Things (IoT) technologies, allowing remote monitoring and control. This integration supports advanced analytics and helps optimize motor performance and energy use.
Advances in motor design and materials are improving the durability and reliability of these duty motors. These improvements are particularly important for applications in harsh and demanding environments. The focus on reducing mechanical stress and wear through smooth operation contributes to longer equipment life and lower maintenance requirements, driving the adoption of these motors.
Brazil's energy cost has steadily risen, prompting the food processing industry to seek more energy-efficient solutions. These duty motors, recognized for their ability to reduce energy consumption, are increasingly essential to cut operational costs in food processing plants. The Brazilian government offers incentives for industries to adopt energy-efficient technologies. Food processing companies are taking advantage of these programs by incorporating inverter-duty motors, which help them reduce energy usage and qualify for financial benefits. In conclusion, the region's rising food processing and increasing oil sectors drive the market's growth. The UAE's oil industry is expanding its extraction and refining capacities, necessitating the use of advanced equipment. Inverter duty motors are essential in these operations, providing reliable performance in pumps, compressors, and other machinery that handle harsh oil extraction and processing conditions. According to the International Trade Administration (ITA), among the top ten oil-producing countries in the world is the UAE. Abu Dhabi is home to around 96% of the nation's approximately 100 billion barrels of known oil reserves, ranking sixth globally. In conclusion, the region's rising food processing and increasing oil sectors drive the market's growth.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA 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
- 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 LAMEA Inverter Duty Motor Market, by Material
- 1.4.2 LAMEA Inverter Duty Motor Market, by Industry Vertical
- 1.4.3 LAMEA Inverter Duty Motor Market, by Application
- 1.4.4 LAMEA 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. LAMEA Inverter Duty Motor Market by Material
- 5.1 LAMEA Laminated steel Market by Country
- 5.2 LAMEA Cast iron Market by Country
- 5.3 LAMEA Aluminum Market by Country
Chapter 6. LAMEA Inverter Duty Motor Market by Industry Vertical
- 6.1 LAMEA Chemicals Market by Country
- 6.2 LAMEA Oil & gas Market by Country
- 6.3 LAMEA Metal & mining Market by Country
- 6.4 LAMEA Paper & pulp Market by Country
- 6.5 LAMEA Food & Beverage Market by Country
- 6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Inverter Duty Motor Market by Application
- 7.1 LAMEA Pumps Market by Country
- 7.2 LAMEA Fans Market by Country
- 7.3 LAMEA Conveyors Market by Country
- 7.4 LAMEA Extruders Market by Country
- 7.5 LAMEA Others Market by Country
Chapter 8. LAMEA Inverter Duty Motor Market by Country
- 8.1 Brazil Inverter Duty Motor Market
- 8.1.1 Brazil Inverter Duty Motor Market by Material
- 8.1.2 Brazil Inverter Duty Motor Market by Industry Vertical
- 8.1.3 Brazil Inverter Duty Motor Market by Application
- 8.2 Argentina Inverter Duty Motor Market
- 8.2.1 Argentina Inverter Duty Motor Market by Material
- 8.2.2 Argentina Inverter Duty Motor Market by Industry Vertical
- 8.2.3 Argentina Inverter Duty Motor Market by Application
- 8.3 UAE Inverter Duty Motor Market
- 8.3.1 UAE Inverter Duty Motor Market by Material
- 8.3.2 UAE Inverter Duty Motor Market by Industry Vertical
- 8.3.3 UAE Inverter Duty Motor Market by Application
- 8.4 Saudi Arabia Inverter Duty Motor Market
- 8.4.1 Saudi Arabia Inverter Duty Motor Market by Material
- 8.4.2 Saudi Arabia Inverter Duty Motor Market by Industry Vertical
- 8.4.3 Saudi Arabia Inverter Duty Motor Market by Application
- 8.5 South Africa Inverter Duty Motor Market
- 8.5.1 South Africa Inverter Duty Motor Market by Material
- 8.5.2 South Africa Inverter Duty Motor Market by Industry Vertical
- 8.5.3 South Africa Inverter Duty Motor Market by Application
- 8.6 Nigeria Inverter Duty Motor Market
- 8.6.1 Nigeria Inverter Duty Motor Market by Material
- 8.6.2 Nigeria Inverter Duty Motor Market by Industry Vertical
- 8.6.3 Nigeria Inverter Duty Motor Market by Application
- 8.7 Rest of LAMEA Inverter Duty Motor Market
- 8.7.1 Rest of LAMEA Inverter Duty Motor Market by Material
- 8.7.2 Rest of LAMEA Inverter Duty Motor Market by Industry Vertical
- 8.7.3 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
LIST OF TABLES
- TABLE 1 LAMEA Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA 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 LAMEA Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 6 LAMEA Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 7 LAMEA Laminated steel Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Laminated steel Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Cast iron Market by Country, 2020 - 2023, USD Million
- TABLE 10 LAMEA Cast iron Market by Country, 2024 - 2031, USD Million
- TABLE 11 LAMEA Aluminum Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Aluminum Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 14 LAMEA Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 15 LAMEA Chemicals Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA Chemicals Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Oil & gas Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Oil & gas Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Metal & mining Market by Country, 2020 - 2023, USD Million
- TABLE 20 LAMEA Metal & mining Market by Country, 2024 - 2031, USD Million
- TABLE 21 LAMEA Paper & pulp Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Paper & pulp Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Food & Beverage Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Food & Beverage Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 27 LAMEA Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 28 LAMEA Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 29 LAMEA Pumps Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Pumps Market by Country, 2024 - 2031, USD Million
- TABLE 31 LAMEA Fans Market by Country, 2020 - 2023, USD Million
- TABLE 32 LAMEA Fans Market by Country, 2024 - 2031, USD Million
- TABLE 33 LAMEA Conveyors Market by Country, 2020 - 2023, USD Million
- TABLE 34 LAMEA Conveyors Market by Country, 2024 - 2031, USD Million
- TABLE 35 LAMEA Extruders Market by Country, 2020 - 2023, USD Million
- TABLE 36 LAMEA Extruders Market by Country, 2024 - 2031, USD Million
- TABLE 37 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 38 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 39 LAMEA Inverter Duty Motor Market by Country, 2020 - 2023, USD Million
- TABLE 40 LAMEA Inverter Duty Motor Market by Country, 2024 - 2031, USD Million
- TABLE 41 Brazil Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 42 Brazil Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 43 Brazil Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 44 Brazil Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 45 Brazil Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 46 Brazil Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 47 Brazil Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 48 Brazil Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 49 Argentina Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 50 Argentina Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 51 Argentina Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 52 Argentina Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 53 Argentina Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 54 Argentina Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 55 Argentina Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 56 Argentina Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 57 UAE Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 58 UAE Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 59 UAE Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 60 UAE Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 61 UAE Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 62 UAE Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 63 UAE Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 64 UAE Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 65 Saudi Arabia Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 66 Saudi Arabia Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 67 Saudi Arabia Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 68 Saudi Arabia Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 69 Saudi Arabia Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 70 Saudi Arabia Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 71 Saudi Arabia Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 72 Saudi Arabia Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 73 South Africa Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 74 South Africa Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 75 South Africa Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 76 South Africa Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 77 South Africa Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 78 South Africa Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 79 South Africa Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 80 South Africa Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 81 Nigeria Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 82 Nigeria Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 83 Nigeria Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 84 Nigeria Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 85 Nigeria Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 86 Nigeria Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 87 Nigeria Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 88 Nigeria Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 89 Rest of LAMEA Inverter Duty Motor Market, 2020 - 2023, USD Million
- TABLE 90 Rest of LAMEA Inverter Duty Motor Market, 2024 - 2031, USD Million
- TABLE 91 Rest of LAMEA Inverter Duty Motor Market by Material, 2020 - 2023, USD Million
- TABLE 92 Rest of LAMEA Inverter Duty Motor Market by Material, 2024 - 2031, USD Million
- TABLE 93 Rest of LAMEA Inverter Duty Motor Market by Industry Vertical, 2020 - 2023, USD Million
- TABLE 94 Rest of LAMEA Inverter Duty Motor Market by Industry Vertical, 2024 - 2031, USD Million
- TABLE 95 Rest of LAMEA Inverter Duty Motor Market by Application, 2020 - 2023, USD Million
- TABLE 96 Rest of LAMEA Inverter Duty Motor Market by Application, 2024 - 2031, USD Million
- TABLE 97 Key Information - ABB Group
- TABLE 98 Key Information - Siemens AG
- TABLE 99 Key Information - Rockwell Automation, Inc.
- TABLE 100 Key Information - General Electric Company
- TABLE 101 Key Information - Havells India Ltd.
- TABLE 102 Key Information - Toshiba International Corporation
- TABLE 103 Key Information - Mitsubishi Electric Corporation
- TABLE 104 Key Information - Nidec Motor Corporation
- TABLE 105 Key Information - Regal Rexnord Corporation
- TABLE 106 Key Information - Watertronics
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