Global Inverter Duty Motors Market to Reach $5.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Inverter Duty Motors estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 8.3% over the period 2020-2027.
The U.S. Market is Estimated at $897.5 Million, While China is Forecast to Grow at 12.5% CAGR
The Inverter Duty Motors market in the U.S. is estimated at US$897.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 12.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 7.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.We bring years of research experience to this 9th edition of our report. The 154-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- ABB Group
- Adlee Powertronic Co., Ltd.
- Bison Gear and Engineering Corporation
- Crompton Greaves Ltd.
- General Electric Company
- Havells India Ltd.
- Nidec Corporation
- Regal Beloit Corporation
- Rockwell Automation, Inc.
- Siemens AG
- WEG SA