High Speed Motor market is predicted to grow at approximately 4.25% CAGR by 2023

Pune, India, April, 2018 /MRFR Press Release/- Market Research Future published a cooked research report on global high speed motor market. The High Speed Motor market is expected to grow over the CAGR of around 4.25% during the period 2017 to 2023.

Market Highlights

The high speed motor is mainly used in applications that require higher rotational speed. The high speed motor provides a rotational speed of over 10,000 rpm. Owing to their high speed, the power density of the motor is also high and the power volume is comparatively too less as compared to the ordinary motor. The use of high speed motors ensure high transmission efficiency and lesser noise. The high speed of the motor has small inertia, which result in faster dynamic response. The use of high speed motor with variable frequency drive will improve efficiency and reduce energy consumption in motor. Variable frequency drive are used to provide low cost of energy, improved system reliability, and less maintenance cost.

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region has dominated the high speed motor market due to an increase investment by the manufacturers to develop high-efficiency motors. In India, there have been increased government initiatives such as ‘Make in India”, which widen the scope of growth and development of high speed motors. Europe is the second largest market due to the presence of equipment manufactures in countries such as Germany, U.K. and France. There are established manufacturers in this region, which provide high technological innovation. The booming automotive industry in Europe is expected to create an opportunity for high speed motors. North America is the third largest market due to the presence of major manufacturers. With major manufacturers in this region aggressively pushing new products in the market and adopting aggressive marketing techniques, the high-speed motor market is expected to register higher growth rate during the forecast period. The Middle East & Africa is going through economic and political instability. The high-speed motor market has witnessed slow growth rate, mainly due to the absence of major domestic players in the international market. The growth rate of the high-speed motor market is expected to increase in the future, considering the potential in the Middle East and Africa region.

Drivers:

Scope of the Report

This study provides an overview of the global high speed motor market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global High Speed Motors market by its technology, vehicle type, end-use, and region

• By Product


• Induction Motor


• Permanent Magnet Motor


• Others


• By Power Range


• High Voltage


• Low Voltage


• By Application


• Machine Tools


• Power Generation


• Compressor


• Bearings


• Other


• By Region


• North America


• Europe


• Asia Pacific


• Middle East & Africa

Key Players

The key players in high speed motor market are GE (U.S.), ABB (Switzerland), Mitsubishi (Japan), Siemens (Germany), Emerson (U.S.), Miedensha (Japan), Hitachi (Japan), Nidec (Japan), Toshiba (Japan), Synchrony (U.S.), and Fuji Electric (Japan). Danfoss Turbocor (U.S.), SKF magnetic mechatronics (Sweden), Regal Beloit (U.S.), Turbo Power Systems (TPS) (U.K.),  and LTI Motion (Germany) are among others.