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From 2022 to 2030, the high speed motor market is anticipated to grow at a CAGR of 5.25%. An increased government initiative, energy-efficient evaluation programmes, and a strong demand for high-speed motor in industries are the factors driving the market over the forecast period. The government has launched a number of initiatives to boost the high-speed motor's effectiveness. Numerous initiatives have been launched to increase the motor's energy effectiveness. The need for magnetic bearing installation in high-speed motors will be driven by the improved benefits of magnetic bearings. This will cause the market to increase during the forecast period. By 2030, it is anticipated that the high speed motor market will be worth around USD Significant. Additionally, the ongoing need to use more efficient methods to boost power density has led to an increase in the demand for high-speed motors, which is predicted to drive the market's expansion throughout the course of the forecast period. High-speed motors are primarily used to assure gearbox at a faster rate with less noise production. The high speed of the motor causes little inertia formation, which leads to a quicker dynamic reaction.
The market has suffered as a result of the COVID-19 pandemic. High-speed motor demand has changed as a result of the epidemic. The lack of workers and travel restrictions have halted production activities and put a stop to the market because it is a huge market with many companies and broad sales networks scattered across several nations.
The speed of the industry is expected to be accelerated by a rapid rise in power consumption and the building of developed power production facilities to meet the needs. Energy-efficient systems are also necessary to make room for high-speed motors due to rising costs for emerging medium and large-scale industries like mining, manufacturing, construction, oil & gas, processing, and other applications. For instance, according to Eurostat, sales of motor vehicles and transportation equipment accounted for almost 17% of the total sales production of the European manufacturing sector in 2019. Furthermore, a statistician for the European Commission reported that the processing industries, such as those for machinery and equipment and food, drinks, and tobacco, respectively accounted for 10% and 17% of the region's overall output.
Customers are likely to purchase low-carbon emission vehicles at an increasing rate, and government programmes supporting the transition are expected to be strengthened. Electric cars have demonstrated a significant ability to reduce harmful emissions from fleets of private and public transport while delivering the necessary output with improved efficiencies. For instance, the US Energy Information Administration (EIA) published its annual energy outlook in January 2020 and listed the technology the nation was adopting for various sorts of cars. With exponential growth throughout the forecast period, the government organisation predicted that sales of long-range battery electric vehicles will increase from 280,000 in 2019 to around 1.9 million by 2050.
High-speed features, high operating and maintenance costs, and the need for large capital may limit the growth of the high speed motor market over the projection period. Additionally, the industry outlook may be hampered by the prevalence of other low-cost motors with low speed/high torque (LSHT) designs applicable in various application verticals. In order to strengthen their positions, a variety of industry firms operating at different levels have considerably revealed their ambitions to introduce new and cutting-edge products. Additionally, current joint initiatives to simplify the design and manufacture of motors with high speeds, balanced torque, and optimal output open up a new route for market expansion over the course of the projection period.
Report Coverage
Global High Speed Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global High Speed Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and High Speed Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key High Speed Motor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global High Speed Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, High Speed Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global High Speed Motor market based on the below-mentioned segments:
Global High Speed Motor Market, By Product outlook
Induction Motor
Permanent Magnet Motor
Others
Global High Speed Motor market, By Application
Machine Tools
Power Generation
Compressor
Bearings
Other
Global High Speed Motor Market, By Power Range
High Voltage
Low Voltage
Global High Speed Motor market, Regional Analysis
The market has suffered as a result of the COVID-19 pandemic. High-speed motor demand has changed as a result of the epidemic. The lack of workers and travel restrictions have halted production activities and put a stop to the market because it is a huge market with many companies and broad sales networks scattered across several nations.
The speed of the industry is expected to be accelerated by a rapid rise in power consumption and the building of developed power production facilities to meet the needs. Energy-efficient systems are also necessary to make room for high-speed motors due to rising costs for emerging medium and large-scale industries like mining, manufacturing, construction, oil & gas, processing, and other applications. For instance, according to Eurostat, sales of motor vehicles and transportation equipment accounted for almost 17% of the total sales production of the European manufacturing sector in 2019. Furthermore, a statistician for the European Commission reported that the processing industries, such as those for machinery and equipment and food, drinks, and tobacco, respectively accounted for 10% and 17% of the region's overall output.
Customers are likely to purchase low-carbon emission vehicles at an increasing rate, and government programmes supporting the transition are expected to be strengthened. Electric cars have demonstrated a significant ability to reduce harmful emissions from fleets of private and public transport while delivering the necessary output with improved efficiencies. For instance, the US Energy Information Administration (EIA) published its annual energy outlook in January 2020 and listed the technology the nation was adopting for various sorts of cars. With exponential growth throughout the forecast period, the government organisation predicted that sales of long-range battery electric vehicles will increase from 280,000 in 2019 to around 1.9 million by 2050.
High-speed features, high operating and maintenance costs, and the need for large capital may limit the growth of the high speed motor market over the projection period. Additionally, the industry outlook may be hampered by the prevalence of other low-cost motors with low speed/high torque (LSHT) designs applicable in various application verticals. In order to strengthen their positions, a variety of industry firms operating at different levels have considerably revealed their ambitions to introduce new and cutting-edge products. Additionally, current joint initiatives to simplify the design and manufacture of motors with high speeds, balanced torque, and optimal output open up a new route for market expansion over the course of the projection period.
Report Coverage
Global High Speed Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global High Speed Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and High Speed Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key High Speed Motor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | 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) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of High Speed Motor Market from 2021 to 2030.
- Market Forecast for High Speed Motor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, High Speed Motor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on High Speed Motor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global High Speed Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, High Speed Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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)
Primary Target Market
- Market Players of High Speed Motor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global High Speed Motor market based on the below-mentioned segments:
Global High Speed Motor Market, By Product outlook
Induction Motor
Permanent Magnet Motor
Others
Global High Speed Motor market, By Application
Machine Tools
Power Generation
Compressor
Bearings
Other
Global High Speed Motor Market, By Power Range
High Voltage
Low Voltage
Global High Speed Motor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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