High-Speed Motor Market Overview:
High-Speed Motor Market is expected to grow at 4.25% CAGR during forecast period 2022-2030, due to high demand for high-speed motors in industries.
The global High-speed motor market is expected to experience immense opportunities over the forecast period with the use of variable frequency drive. The motor system are responsible for more than 65% of energy consumption. To minimize power consumption, the motor control system must be installed with variable frequency drives, which reduces the energy consumption. The High-speed motor with variable frequency drive will result in lower energy consumption. Many manufacturers are adopting the use of variable frequency drive to optimize the cost of production. If the variable frequency drive is not installed with High-speed motor, then the speed control is quite difficult. To optimize the cost and control the speed of motor, High-speed motor with VFDs is expected to boost the market in future.
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 six-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 motor market by product, power range, application and regions.
Report Attribute/Metric
Details
CAGR
4.25% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022 to 2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Product, Power Range, Application
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Market Research Analysis
Based on types of product, the market has been segmented as induction motor, permanent magnet motor and others. Amongst this, the induction motor segment is expected to dominate the growth of the market. The induction motor has two parts namely, a stator and a rotor. The rotor produces the final torque or output of the machine and the stator has electrical windings, which have an alternating current (AC) supplied to it. The high-speed induction motors are used extensively for applications that require the utilization of grinding and milling machines. One of the major concerns is the efficiency of high-speed induction motors. The efficiency of low-speed electric motors is generally higher. Therefore, making a more efficient high-speed motor is necessary to compete in the market.
By application, the market has been segmented as machine tools, power generation, compressor, bearings and other. The power generation segment is expected to dominate the market. The induction generators use the principles of induction motors for producing power. These generators function by turning their rotors faster than synchronous speed. Asynchronous motor is also being used as a generator, without any internal modifications. Induction generators can recover energy with relatively simple controls and are therefore useful in applications such as mini-hydropower plants, wind turbines, or in reducing high-pressure gas streams to lower pressure.
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Market Segmentation:
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 Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Key Players:
The prominent players in the high-speed motor market include LTI motion (Germany), Turbo power systems (U.K.), Regal Beloit (U.S.), SKF magnetic mechatronics (Sweden), and Danfoss Turbocor Compressors Inc. (U.S.). Fuji Electric Co., Ltd. (Japan), Synchrony (U.S.), Toshiba Corporation (Japan), Nidec Motor Corporation (U.S.) and Meidensha Corporation (Japan) are among others.
