The high speed motor market is projected to reach USD 22.5 Billion by 2028, registering a CAGR of 4.25% from 2022 to 2030. The factor that drives the market during the forecast period is an increased government initiative, energy-efficient evaluation programs, and high demand for high-speed motor in industries. The government has taken various initiatives to increase the efficiency of the high-speed motor. Various programs have been created to improve the motor's energy efficiency. The improved benefits of magnetic bearings will drive demand for magnetic bearing installation in high-speed motors. During the forecast period, the market will rise due to this. The high speed motor market size is expected to reach approximately USD significant value by 2030. Moreover, the constant requirement to increase power density by using better efficiency has resulted in the growing demand for high-speed motors, which is anticipated to propel the market growth during the forecast period. The major use of high-speed motors is to ensure transmission at a higher rate with lower noise generation. Due to the motor's high speed, there is small inertia generation which results in a faster dynamic response.
The COVID-19 pandemic has had a negative impact on the market. The pandemic has altered the demand for high-speed motors. As the market is vast and includes various players with extensive sales channels spread over different countries, the unavailability of workers and travel restrictions have halted production activities and brought the market to a standstill.
A fast-paced increase in the power demand, coupled with the construction of developed power generation stations to serve the needs, is projected to augment the industry pace. Besides, increasing expenditure for developing medium and large-scale industries such as mining, manufacturing, construction, oil & gas, processing, and other applications requires energy-efficient systems to pave the way for the high-speed motor. For instance, as per Eurostat, the entire sales production of the European manufacturing industry was controlled by motor vehicles & transport equipment sales, contributing approximately 17% in 2019. Moreover, a statistics division under the European Commission also issued that processing industries, including machinery & equipment and food, beverages, & tobacco, equaled 10% and 17% of the total regional output.
 The paradigm shift toward electric mobility
The increasing adoption of low-carbon emission vehicles by customers, coupled with enhanced government programs to support the transition, is expected to favor the key market growth. Electric vehicles have revealed the substantial potential to draw down harmful emissions from private and public transportation fleets while providing the needed output with higher efficiencies. For instance, in January 2020, the US Energy Information Administration (EIA) issued its annual energy outlook stating the technologies embraced for several types of vehicles in the country. The government organization anticipated that the sales of long-range battery electric vehicles would reach around 1.9 million by 2050, growing from 280,000 in 2019, observing exponential growth over the forecast period.
The requirement for substantial capital to buy a new motor unit combined with high-speed characteristics and significant operating & maintenance costs may hinder the high speed motor market growth over the forecast period. Besides, the strong existence of other low-cost motors with low speed/high torque (LSHT) designs applicable in several application verticals may hamper the industry outlook.
Various industry players operating at various levels have significantly unveiled their plans to launch new and advanced products to fortify their position. Moreover, ongoing collaborative efforts to streamline the designing and fabrication of motors with high speeds, balanced torque, and optimum output unveil a new pathway for market growth during the forecast period.
Several governments and organizations across the globe have introduced significant norms to support the deployment of energy-efficient systems. Favorable legislation to check harmful greenhouse gas emissions is also set to augment the market's growth. Low energy-consuming units significantly alter the overall carbon discharges from the establishments.
The high speed motor market segmentation, based on product, is induction motor, permanent magnet motor, and others. The induction motor category held a prominent market share in 2021 owing to their rugged & simple designs and low manufacturing and operating costs. However, permanent magnet motor was the fastest-growing category owing to their high output performance and high loading capacity.
The high speed motor market segmentation, based on power range, is a high voltage and low voltage. In 2021, the high voltage category held a prominent market share due to growing aerospace & transportation sectors, with new R&D initiatives. However, the low voltage was the fastest-growing category due to the growing need for products such as vacuum cleaners, blenders, lawnmowers, and many more.
Based on application, the market is divided into machine tools, power generation, compressors, bearings, and others. The machine tools category dominated the market in 2021 due to the growing demand for an integral part of various-sized machines such as pavers, forklifts, compactors, mixers, boom lifts, and many others. However, the compressor was the fastest-growing category due to the growing demand for compressors and electric motors for household applications.
Global High Speed Motor Market Share, by Region, 2021 (%)
 High Speed Motor Market Overview by Region
By region, the high speed motor market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the most extensive market share. North America will exhibit the highest CAGR during the forecast period.
Asia-Pacific
Asia-Pacific dominated the market share in 2021. Huge targets by regional administrations to deploy low-emission vehicles, rapidly growing energy demand, the increasing rate of urbanization, and transforming industrial infrastructure are some of the key factors augmenting regional growth. Furthermore, a stringent policy framework to embrace energy-efficient systems, associated with significant medium and long-term targets to decrease harmful emissions, is set to favor the Asian market during the forecast period.
North America
North America accounted for the second-largest share in the market in 2021 due to regular investments across large-scale industrial processes along with the existence of different heavy-duty industrial machinery manufacturers. Moreover, various regional organizations have introduced numerous research & development (R&D) activities to fabricate advanced infrastructure to facilitate plug-in electric vehicles (PEVs) and battery electric vehicles (BEVs). The continuous developments in large-scale industrial infrastructure, recent investments in oil & gas sectors, and converting electric mobility perspectives are among the key catalysts across the region.
The market includes tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach with diverse product portfolios. Companies such as Hitachi (Japan), Nidec (Japan), Toshiba (Japan), and Synchrony (US). Fuji Electric (Japan), DanfossTurbocor (US) dominate the market due to product differentiation, strategic developments, financial stability, and diversified regional presence. The players are concentrating on supporting research and development. Furthermore, they embrace strategic growth initiatives, such as joint ventures, development, product introduction, and partnerships, to strengthen their market position and capture an extensive customer base.
Prominent players in the high speed motor market research include Hitachi (Japan), Nidec (Japan), Toshiba (Japan), and Synchrony (US). Fuji Electric (Japan), DanfossTurbocor (US), SKF magnetic mechatronics (Sweden), Regal Beloit (US), Turbo Power Systems (TPS) (UK), and LTI Motion (Germany), among others.
By Product outlook
By Power Range Outlook
By Application Outlook
By Region Outlook
Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:
To identify and estimate the market size for the high speed motor market report segmented by product, power range and application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of  high speed motor market forecast between 2022 and 2030
Market Landscape and Trends:
To identify the high speed motor market growth and infer the drivers, restraints, opportunities, and challenges.
Market Influencing Factors:
To find out the factors which are affecting the high speed motor market size
Impact of COVID-19:
To identify and understand the various factors involved in the market affected by the pandemic
Company Profiling:
To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company in the past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies. Â
Intended Audience
| Report Attribute/Metric | Details |
| Â Â Market Size | 2028: USD 22.5 Billion 2030 : Significant value |
| Â Â CAGR | Â Â 4.25% CAGR (2022-2030) |
| Â Â Base Year | Â Â 2021 |
|   Forecast Period |   2022 to 2030 |
| Â Â Historical Data | Â Â 2019Â &Â 2020 |
| Â Â Forecast Units | Â Â Value (USD Million) |
| Â Â Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Â Â Product, Power Range, Application |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Â Â GE (U.S.), ABB (Switzerland), Mitsubishi (Japan), Siemens (Germany), Emerson (U.S.), Miedensha (Japan), Hitachi (Japan), Nidec (Japan), Toshiba (Japan), and Synchrony (U.S.). 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) |
| Â Â Key Market Opportunities | Â Â Use Of Variable Frequency Drive |
| Â Â Key Market Drivers | Increase In Government Initiatives Energy Efficient Evaluation Programs High Demand For High-Speed Motors In Industries |
High-Speed Motor Market Highlights:
Frequently Asked Questions (FAQ) :
The high speed motor market forecast period is 2022 - 2030
The market is expected to register a CAGR of 4.25% over the next 10 years, according to the high speed motor market research.
North America is expected to register the highest CAGR during 2022 - 2030
Asia-Pacific held the largest market share in 2021
The market size is expected to be USD Significant valueby 2030.
Hitachi (Japan), Nidec (Japan), Toshiba (Japan), and Synchrony (US). Fuji Electric (Japan), DanfossTurbocor (US), SKF magnetic mechatronics (Sweden), Regal Beloit (US), Turbo Power Systems (TPS) (UK), and LTI Motion (Germany), among others are the major companies operating in the market.
Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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