Dublin, June 10, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "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" report to their offering.
The global inverter duty motors market is projected to grow at a CAGR of 9.6% during 2016-2021, to reach a value of USD 4.08 Billion by 2021
This growth is attributed to increasing demand for energy efficiency, energy density of motors, and growing urbanization leading to infrastructural growth across the globe.
The inverter duty motors market, by application, in this report, has been divided into pumps, fans, extruders, conveyers, and others. Others include cranes & hoists, winders, and mixers. The pumps segment is estimated to dominate the inverter duty motors market during the forecast period. The major factors driving the growth of this market include higher energy efficiency and superior energy density offered by inverter duty motors. This comparison is in regard to general purpose motors with inverter duty motors.
On the basis of end-user industry, the report segments the inverter duty motors market into chemicals and oil & gas, metals & mining, pulp & paper, food & beverage, and others. Others include pharma, textile processing, and cement industries. Meanwhile, the global inverter duty motors market is expected to register a substantial growth rate during the forecast period. The European market is forecast to lead in terms of growth rate during the forecast period. This growth can be attributed to government initiatives to achieve higher energy-efficiency targets and regulation of industrial motors applications, which oblige to use standard-specific inverter duty motors in variable speed applications.
The report includes profile of some of the leading players in the inverter duty motors market, namely, ABB Ltd. (Switzerland), Nidec Corporation (Japan), Regal Beloit Corporation (U.S.), Rockwell Corporation (U.S.), Siemens AG (Germany), General Electric (U.S.), WEG SA (Brazil), Crompton Greaves (India), and Havells India Ltd. (India), among others.
Dominant players are trying to penetrate developing economies and adopting various methods to grab the market share.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Inverter Duty Motors Market, By Application
7 Inverter Duty Motors Market, By End-User
8 Inverter Duty Motors Market, By Standard
9 Inverter Duty Motors Market, By Construction Material
10 Inverter Duty Motors Market, By Region
11 Competitive Landscape
12 Company Profiles
- ABB Ltd.
- Adlee Powertronic Co. Ltd.
- Bison Gear and Engineering Corporation
- Crompton Greaves Limited
- General Electric Company (GE)
- Havells India Ltd.
- Nidec Corporation
- Nord Drivesystems
- Regal Beloit Corporation
- Rockwell Automation Inc.
- Siemens AG
- WEG SA
For more information visit http://www.researchandmarkets.com/research/w7w6ht/inverter_duty