Market Overview:
The global high speed industrial motors market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and high-speed motors across different industries. Additionally, the growing adoption of Industry 4.0 and IIoT is also contributing to the growth of this market. Based on type, the global high speed industrial motors market can be segmented into high voltage motor and low voltage motor. The high voltage motor segment is expected to account for a larger share of the global market in 2018 owing to its higher efficiency as compared to low voltage motors.
Product Definition:
High Speed Industrial Motors are used to power machines that need to run quickly or process large amounts of material. They are important because they allow factories and businesses to operate at a high level of efficiency.
High Voltage Motor:
High voltage (HV) motors are used in industrial applications where high torque is required. They are also used in electric vehicles and power tools that require a high speed of rotation for the motor. The growth factor for HV motors market is their increasing demand from electric vehicles industry, due to its low cost and efficiency as compared to standard voltage (SP) motors.
The global HV motor market was valued at USD 4,65 billion in 2016.
Low Voltage Motor:
Low voltage motors are used in high-speed industrial (HSI) motors market. HSI motors have a power rating of up to 1,000 kW and are widely used in applications such as material handling equipment, printing machines, assembly lines and other heavy industries. The growth of these industries is expected to drive the demand for low voltage motor over the forecast period.
Application Insights:
The global demand for HMI has witnessed a paradigm shift due to the growing need for automation in industrial applications. The oil and gas industry is one of the largest consumers of HMI motors owing to its critical nature and requirement of precision handling. Moreover, increasing exploration activities in offshore as well as onshore locations are expected to drive the demand further.
The mining and metal application segment accounted for over 15% market share in 2017 owing to high-performance requirements, low maintenance cost, compact size, strong shaft horsepower capability (for underground use), ability to work under high temperature conditions (over 300°C) without degradation along with other advantages offered by these products over others. These products have been witnessing significant adoption across various industries such as power generation, industrial machinery manufacturing among others due to their benefits such as energy efficiency along with ease of installation and removal which is likely fuel growth during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising adoption of automation in various industries, such as food and beverage, automotive, construction, manufacturing, energy and power generation.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to its large size as well as high population density. China is one of the largest markets for these motors due to its rapidly expanding oil and gas industry coupled with growing investments in renewable energy sources such as wind farms and solar panels. In addition, India’s industrial machinery market is anticipated to witness significant growth over the coming years on account of rapid development along with increasing government initiatives pertaining toward Make in India program initiated by Prime Minister Narendra Modi aimed at promoting domestic manufacturing output.
Growth Factors:
- Increasing demand from the automotive industry for high speed industrial motors
- Growing demand for energy-efficient and high performance motors
- Rising adoption of variable frequency drives (VFDs) in industrial applications
- Proliferation of Internet of Things (IoT) and Industry 4.0 across various industries
- Growing investments in research and development to develop advanced motor technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Industrial Motors Market Research Report
By Type
High Voltage Motor, Low Voltage Motor
By Application
Oil and Gas, Power Generation, Mining and Metal, Industrial Machinery, Others
By Companies
ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, ABB, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI Forvorda, Ametek, Allied Motion, JEUMONT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Industrial Motors Market Report Segments:
The global High Speed Industrial Motors market is segmented on the basis of:
Types
High Voltage Motor, Low Voltage Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Power Generation, Mining and Metal, Industrial Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Siemens
- Mitsubishi
- GE
- HITACHI
- Nidec
- Toshiba
- Regal Beloit
- WEG
- Teco
- ABB
- MEIDENSHA
- Wolong Electric
- Rockwell Automation
- Franklin Electric
- Zhongda Motor
- XIZI Forvorda
- Ametek
- Allied Motion
- JEUMONT
Highlights of The High Speed Industrial Motors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Voltage Motor
- Low Voltage Motor
- By Application:
- Oil and Gas
- Power Generation
- Mining and Metal
- Industrial Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Speed Industrial Motors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High Speed Industrial Motors are used in a variety of industrial applications, including printing, welding and cutting. They can reach high speeds, which makes them ideal for tasks that require precision.
Some of the major companies in the high speed industrial motors market are ABB, Siemens, Mitsubishi, GE, HITACHI, Nidec, Toshiba, Regal Beloit, WEG, Teco, ABB, MEIDENSHA, Wolong Electric, Rockwell Automation, Franklin Electric, Zhongda Motor, XIZI Forvorda, Ametek, Allied Motion, JEUMONT.
The high speed industrial motors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Speed Industrial Motors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Speed Industrial Motors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Speed Industrial Motors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Speed Industrial Motors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Speed Industrial Motors Market Size & Forecast, 2020-2028
4.5.1 High Speed Industrial Motors Market Size and Y-o-Y Growth
4.5.2 High Speed Industrial Motors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Voltage Motor
5.2.2 Low Voltage Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Power Generation
6.2.3 Mining and Metal
6.2.4 Industrial Machinery
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Speed Industrial Motors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Speed Industrial Motors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Voltage Motor
9.6.2 Low Voltage Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Power Generation
9.10.3 Mining and Metal
9.10.4 Industrial Machinery
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Voltage Motor
10.6.2 Low Voltage Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Power Generation
10.10.3 Mining and Metal
10.10.4 Industrial Machinery
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Voltage Motor
11.6.2 Low Voltage Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Power Generation
11.10.3 Mining and Metal
11.10.4 Industrial Machinery
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Voltage Motor
12.6.2 Low Voltage Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Power Generation
12.10.3 Mining and Metal
12.10.4 Industrial Machinery
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Voltage Motor
13.6.2 Low Voltage Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Power Generation
13.10.3 Mining and Metal
13.10.4 Industrial Machinery
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Speed Industrial Motors Market: Competitive Dashboard
14.2 Global High Speed Industrial Motors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Mitsubishi
14.3.4 GE
14.3.5 HITACHI
14.3.6 Nidec
14.3.7 Toshiba
14.3.8 Regal Beloit
14.3.9 WEG
14.3.10 Teco
14.3.11 ABB
14.3.12 MEIDENSHA
14.3.13 Wolong Electric
14.3.14 Rockwell Automation
14.3.15 Franklin Electric
14.3.16 Zhongda Motor
14.3.17 XIZI Forvorda
14.3.18 Ametek
14.3.19 Allied Motion
14.3.20 JEUMONT
