The global High-Speed Motor Market is expected to expand at a CAGR of 4.25% over the forecast period of 2017-2023, proclaims Market Research Future (MRFR) in its latest report. High-speed motors are capable of providing a rotational speed of over 10,00 rpm and are extensively used in applications that require higher rotational speed. High-speed motors improve efficiency and reduce energy consumption considerably.
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 ensures 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 is used to provide low cost of energy, improved system reliability, and less maintenance cost.
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- ABB (Switzerland),
- GE (U.S.),
- Siemens (Germany),
- Mitsubishi (Japan),
- Miedensha (Japan),
- Emerson (U.S.),
- Nidec (Japan),
- Hitachi (Japan),
- Synchrony (U.S.),
- Toshiba (Japan),
- Danfoss Turbocor (U.S.),
- Fuji Electric (Japan),
- Regal Beloit (U.S.),
- SKF magnetic mechatronics (Sweden),
- LTI Motion (Germany), and
- Turbo Power Systems (TPS) (U.K.).
High-speed motors are highly desirable across various industries due to their performance credentials. They not improve process efficiency but also provide significant cost saving on energy consumption. Energy consumption makes up a significant part of process cost and reducing energy consumption can considerably enable cost saving. Moreover, the growing focus of industries on energy conservation is a key factor in enhancing the growth of the market. Additionally, various government regulations are adding fuel to the growth of the market. The governments in multiple countries are advocating the use of high-speed electric motors to support energy conservation goals.
High speed motors attain a rotational speed of more than 10,000 rpm. The motor’s power density is high owing to the high-power voltage and speed. It is also relatively less to other average speed motors. The key application of high-speed motor is to facilitate transmission at an increased rate with reduced noise generation. Owing to the high speed of the motor the inertia generated is insignificant which gives rise to faster dynamic response. Several government norms have been developed over time to surge the efficacy of motor and lower the energy consumption.
The Market Research Future report offers a wide segmental analysis of the high-speed motor market based on application, power range, and product.
- Induction Motor
- Permanent Magnet Motor
By Power Range
- High Voltage
- Low Voltage
- Machine Tools
- Power Generation
- North America
- Asia Pacific
- Middle East & Africa
Based on geography, the global high-speed motor market has been segmented into Europe, Asia Pacific, North America, and the Rest of the World.
Asia Pacific market represents the largest demand for high speed motor owing to the increasing instances of industrialization. The rapidly increasing commercial development along with favorable policies created by the government related to FDI is estimated to surge the demand for high speed motor in the APAC market. Moreover, the various government initiatives based on the ‘Make in India’ program has significantly driven the demand for high speed motor in the APAC market.
The high-speed motor market in Europe will have the second largest share in the market over the forecast period. France, the UK, and Germany are the key contributors here. The presence of a well-established manufacturing sector in the region offers manufacturers more scope of growth. Moreover, with the presently booming industry in the region, the market is likely to flourish.
The high-speed motor market in North America is predicted to have a favorable growth over the forecast period due to the existence of leading players with high investment in R&D. The increased investment in R&D will lead to product innovations that meet government standards. This, in turn, will drive the market growth in this region.
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List Of Tables
Table 1 Market Synopsis
Table 2 List Of Assumptions
Table 3 Global High-Speed Motor Market, By Product, 2014-2017 (USD Million)
Table 4 Global High-Speed Motor Market, By Power Range, 2014-2017 (USD Million)
Table 5 Global High Speed Motor Market, By Application, 2014-2023 (USD Million)
List of Figures
Figure 1 Global High Speed Motor Market: Market Structure
Figure 2 Key Takeaways Of The High Speed Motor Market
Figure 3 Key Buying Criteria Of High Speed Motor
Figure 4 Research Process Of MRFR
Figure 5 Top Down & Bottom Up Approach
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