Global Inverter Duty Motors Market to be Worth over USD 4 Bn by 2021, Forecasts M&M in Its Report Available at MarketPublishers.com
07 Jun 2016 • by Natalie Aster
LONDON – The market for inverter duty motors is driven by growing industrialization and urbanization. Stringent regulations and growing demand for energy efficient solutions also drive this marketplace. Taking into account the above mention factors, the world’s market may grow at a CAGR of just under 10% over the period 2016-2021. It is expected to almost hit the USD 4.1 billion mark by 2021.
Information deficiency and lower Greenfield investments represent key obstacles to the growth.
This market has good growth opportunities in the replacement sector, though it is currently dominated by the pumps application segment.
Growth of oil and gas sectors in the Middle East and the USA coupled with increasing industrial activities emerges to be a major force igniting the demand for inverter duty motors in North America and the Middle East.
In South America and Africa, the growth stems from increasing mining and oil and activities. Europe, meanwhile, is the most rapidly growing marketplace in terms of both commercial and domestic applications.
Siemens, WEG, ABB and Nidec Corporation are some of the largest companies in the global space.
Insightful research report “Inverter Duty Motors Market by Application, by End-User, by Standards, by Construction Material, and by Region - Global forecasts to 2021” developed by M&M offers a detailed analysis of the world’s inverter duty motor marketplace. This report contains a comprehensive overview of the market, it shares with a reader valuable details on its segmentation and sizing.
A discussion of forces driving growth and acting as restraints can be found in the report, too. The research report covers standards for such motors and concentrates on application fields and shares they have. It limelights end-users and construction materials.
Besides, the research report canvasses regional performance with focus on top countries. Global forecasts through 2021 and company profiles are on hand in the study, as well.
More in-demand M&M reports are available at its page.