High Speed Motor Market Overview
Motors with a rotating speed of over 10,000 rpm are known as high-speed motors. The primary purpose of a high-speed motor is to assure faster transmission with less noise. Because of the motor's high speed, there is little inertia formation, resulting in a faster dynamic reaction. Various government laws have been implemented to improve motor efficiency and reduce energy usage. The global high speed motor market is estimated to grow at a considerable rate in the forecast period.
Increased government initiatives, energy-efficient evaluation programs, and rising demand for high-speed motors in industries are all driving the market for high-speed motors. The government has made several steps to improve the high-speed motors efficiency. According to the Office of Energy Efficiency and Renewable Energy, investment has grown. The funds will be used to create cutting-edge solutions for energy-efficient electric motors. The Department of Energy intends to pursue eight to twelve Next Generation Electric Machines projects, which will provide funding opportunities. Various programs have been created to improve the motor's energy efficiency. All these crucial aspects are majorly contributed to the growth of the high speed motors market. Furthermore, the ongoing need to boost power density through improved efficiency has resulted in rising demand for high-speed motors, which is expected to propel the high speed motor market forward in the approaching years.
On the downside, design complexity is a key restraining factor for high-speed motors, as their production necessitates the use of high-quality components. If low-cost substitutes are utilized in the manufacturing of a high-speed motor, the motor may be harmed.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Power Range, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | GE, ABB, Mitsubishi, Siemens, Emerson, Miedensha, Hitachi, Nidec, Toshiba, Synchrony, Fuji Electric, Danfoss Turbocor, SKF magnetic mechatronics, Regal Beloit, Turbo Power Systems, LTI Motion. |
Covid-19 Impact on High Speed Motor Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
High Speed Motor Market Segment Overview
According to Product, the Permanent magnet motor segment is expected to dominate the market during the forecast period. This is because they produce high torque and are used in several applications that require the utilization of grinding and milling machines. The augmented demand for high efficiency motors is anticipated to boost the growth of the permanent magnet motor segment in the future. In terms of Power Range, Low voltage is the largest segment in the market. This is because it operates at less than 1,000 V and produces an output of 1,000 kW. This ability to provide high output with low voltage will result in the growth of the segment in the coming years.
High Speed Motor Market, By Product
· Induction Motor
· Permanent Magnet Motor
· Others
High Speed Motor Market, By Power Range
· High Voltage
· Low Voltage
High Speed Motor Market, By Application
· Machine Tools
· Power Generation
· Compressor
· Bearings
· Others
High Speed Motor Regional Overview
Geographically, Asia Pacific has dominated the high speed motor market owing to the increasing industrial sector. The government is working to improve infrastructure, which will open up a lot of opportunities for high-speed motors to flourish. To improve the efficiency of the motor, the government has made several investment initiatives. The rapid rise in commercial development, combined with the government's favorable FDI regulations, is likely to boost demand for high-speed motors. Similarly, Europe is the second-largest market, with countries like Germany, the United Kingdom, and France contributing significantly. The presence of well-established manufacturing industry in this region provides extra growth opportunities for market players. Furthermore, North America is the third-largest market, and it is predicted to rise as a result of the existence of top manufacturers who invest much in R&D. Increased research and development spending will result in high product innovation that fulfills government standards. This will result in the growth of the market in the forecast period.
High Speed Motor Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
High Speed Motor Market, Key Players
· GE
· ABB
· Mitsubishi
· Siemens
· Emerson
· Miedensha
· Hitachi
· Nidec
· Toshiba
· Synchrony
· Fuji Electric
· Danfoss Turbocor
· SKF magnetic mechatronics
· Regal Beloit
· Turbo Power Systems
· LTI Motion
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the High Speed Motor market?
Increased government initiatives, energy-efficient evaluation programs, and rising demand for high-speed motors in industries are all driving the market for high-speed motors.
Q2. What are the restraining factors for the High Speed Motor market?
The design complexity is a key restraining factor for high-speed motors, as their production necessitates the use of high-quality components.
Q3. Which segment is projected to hold the largest share in the High Speed Motor Market. ?
Permanent magnet motor segment is projected to hold the largest share in the High Speed Motor Market.
Q4. Which region holds the largest share in the High Speed Motor market?
the Asia Pacific held the largest share in the global High Speed Motor market.
Q5. Which are the prominent players in the High Speed Motor Market?
GE, ABB, Mitsubishi, Siemens, Emerson, Miedensha, Hitachi, Nidec, Toshiba, Synchrony, Fuji Electric, Danfoss Turbocor, SKF magnetic mechatronics, Regal Beloit, Turbo Power Systems, LTI Motion. are some key players in the High Speed Motor Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global High Speed Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Induction Motor
- 5.2.2. Permanent Magnet Motor
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Power Range
- 5.3.1. High Voltage
- 5.3.2. Low Voltage
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Machine Tools
- 5.4.2. Power Generation
- 5.4.3. Compressor
- 5.4.4. Bearings
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America High Speed Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Induction Motor
- 6.2.2. Permanent Magnet Motor
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Power Range
- 6.3.1. High Voltage
- 6.3.2. Low Voltage
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Machine Tools
- 6.4.2. Power Generation
- 6.4.3. Compressor
- 6.4.4. Bearings
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe High Speed Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Induction Motor
- 7.2.2. Permanent Magnet Motor
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Power Range
- 7.3.1. High Voltage
- 7.3.2. Low Voltage
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Machine Tools
- 7.4.2. Power Generation
- 7.4.3. Compressor
- 7.4.4. Bearings
- 7.4.5. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific High Speed Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Induction Motor
- 8.2.2. Permanent Magnet Motor
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Power Range
- 8.3.1. High Voltage
- 8.3.2. Low Voltage
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Machine Tools
- 8.4.2. Power Generation
- 8.4.3. Compressor
- 8.4.4. Bearings
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa High Speed Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Induction Motor
- 9.2.2. Permanent Magnet Motor
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Power Range
- 9.3.1. High Voltage
- 9.3.2. Low Voltage
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Machine Tools
- 9.4.2. Power Generation
- 9.4.3. Compressor
- 9.4.4. Bearings
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. GE
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. ABB
- 10.6. Mitsubishi
- 10.7. Siemens
- 10.8. Emerson
- 10.9. Miedensha
- 10.10. Hitachi
- 10.11. Nidec
- 10.12. Toshiba
- 10.13. Synchrony
- 10.14. Fuji Electric
- 10.15. Danfoss Turbocor
- 10.16. SKF magnetic mechatronics
- 10.17. Regal Beloit
- 10.18. Turbo Power Systems
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
