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Asia Pacific 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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    Report

  • 141 Pages
  • August 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004223
The Asia Pacific Inverter Duty Motor Market would witness market growth of 9.9% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Inverter Duty Motor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $772 million by 2031. The Japan market is registering a CAGR of 9.2% during 2024-2031. Additionally, the India market would showcase a CAGR of 10.8% during 2024-2031.



The adoption of these duty motors has increased across various industries due to their unique advantages and the growing need for efficient and flexible motor solutions. Stringent energy efficiency regulations and standards drive the adoption of these duty motors. These motors help industries comply with energy efficiency mandates by optimizing motor operation and reducing overall energy consumption. Many regions offer financial incentives and rebates for implementing energy-efficient technologies, including these duty motors. This economic benefit encourages companies to adopt these motors to capitalize on available savings.

Furthermore, the growing emphasis on sustainability and reducing environmental impact has driven the adoption of these duty motors. These motors contribute to greener operations by lowering energy consumption and supporting eco-friendly practices. Companies are adopting inverter duty motors as part of their corporate responsibility initiatives to improve their environmental footprint and align with sustainability goals.

China is one of the world’s largest producers of chemicals, with a vast network of manufacturing plants that require reliable and efficient motor solutions. The expansion of these facilities is driving a substantial increase in demand for inverter-duty motors, which are essential for powering pumps, compressors, and mixers in high-volume chemical production. In 2022, investment in the chemical raw materials manufacturing sector grew by 19% annually, surpassing the average growth rate across all industries by 7.4 percentage points, as China’s State Council reported. The uninterrupted, 24/7 operations of chemical plants in China demand motor systems that are both durable and reliable. The paper industry in India expands, there’s a rising demand for energy-efficient motors to reduce operational costs. Inverter-duty motors, known for their efficiency and reliability, are increasingly sought after to power paper manufacturing equipment, thereby boosting the inverter-duty motor market. According to the Investment Promotion and Facilitation Agency, in terms of value, $3.17 billion of paper, paperboard, and newsprint were exported in 2021-22, as against $1.94 billion in the previous year. In conclusion, the increasing chemical industry and rising paper sector in the region drive the market’s growth.

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

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

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

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 Asia Pacific Inverter Duty Motor Market, by Material
1.4.2 Asia Pacific Inverter Duty Motor Market, by Industry Vertical
1.4.3 Asia Pacific Inverter Duty Motor Market, by Application
1.4.4 Asia Pacific 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
3.2 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. Asia Pacific Inverter Duty Motor Market by Material
5.1 Asia Pacific Laminated steel Market by Country
5.2 Asia Pacific Cast iron Market by Country
5.3 Asia Pacific Aluminum Market by Country
Chapter 6. Asia Pacific Inverter Duty Motor Market by Industry Vertical
6.1 Asia Pacific Chemicals Market by Country
6.2 Asia Pacific Oil & gas Market by Country
6.3 Asia Pacific Metal & mining Market by Country
6.4 Asia Pacific Paper & pulp Market by Country
6.5 Asia Pacific Food & Beverage Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Inverter Duty Motor Market by Application
7.1 Asia Pacific Pumps Market by Country
7.2 Asia Pacific Fans Market by Country
7.3 Asia Pacific Conveyors Market by Country
7.4 Asia Pacific Extruders Market by Country
7.5 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Inverter Duty Motor Market by Country
8.1 China Inverter Duty Motor Market
8.1.1 China Inverter Duty Motor Market by Material
8.1.2 China Inverter Duty Motor Market by Industry Vertical
8.1.3 China Inverter Duty Motor Market by Application
8.2 Japan Inverter Duty Motor Market
8.2.1 Japan Inverter Duty Motor Market by Material
8.2.2 Japan Inverter Duty Motor Market by Industry Vertical
8.2.3 Japan Inverter Duty Motor Market by Application
8.3 India Inverter Duty Motor Market
8.3.1 India Inverter Duty Motor Market by Material
8.3.2 India Inverter Duty Motor Market by Industry Vertical
8.3.3 India Inverter Duty Motor Market by Application
8.4 South Korea Inverter Duty Motor Market
8.4.1 South Korea Inverter Duty Motor Market by Material
8.4.2 South Korea Inverter Duty Motor Market by Industry Vertical
8.4.3 South Korea Inverter Duty Motor Market by Application
8.5 Singapore Inverter Duty Motor Market
8.5.1 Singapore Inverter Duty Motor Market by Material
8.5.2 Singapore Inverter Duty Motor Market by Industry Vertical
8.5.3 Singapore Inverter Duty Motor Market by Application
8.6 Malaysia Inverter Duty Motor Market
8.6.1 Malaysia Inverter Duty Motor Market by Material
8.6.2 Malaysia Inverter Duty Motor Market by Industry Vertical
8.6.3 Malaysia Inverter Duty Motor Market by Application
8.7 Rest of Asia Pacific Inverter Duty Motor Market
8.7.1 Rest of Asia Pacific Inverter Duty Motor Market by Material
8.7.2 Rest of Asia Pacific Inverter Duty Motor Market by Industry Vertical
8.7.3 Rest of Asia Pacific 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

Companies Mentioned

  • 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

Methodology

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