Market Overview:
The global high temperature motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high temperature motors in various applications, such as chemical industry, oil and gas, and others. In terms of type, the asynchronous high temperature motor segment is expected to hold a major share of the global market during the forecast period. However, the synchronous high temperature motor segment is projected to grow at a higher CAGR than that of asynchronous motors during the forecast period.
Product Definition:
A high temperature motor is a motor that can operate at high temperatures without sustaining damage. This type of motor is often used in industrial applications where the ambient temperature is high. The importance of a high temperature motor lies in its ability to withstand extreme heat, which can cause standard motors to fail.
Asynchronous High Temperature Motor:
Asynchronous high temperature motor (AHTM) is a type of electric motor used in industrial applications. It has the ability to operate at high temperatures, typically over 1000°C. Such motors are required for heavy industrial equipment such as pumps and fans, which are used for heating or cooling processes in industries such as chemical processing and power generation.
The market size was valued at USD 1,37 billion in 2016.
Synchronous High Temperature Motor:
Synchronous high temperature motor (SHTM) is a type of electric motor used in industrial applications. It is also known as a nameplate capacity synchronous high temperature motor and has the ability to operate at very high temperatures. These motors are widely used for heating equipment, drying equipment, cooking equipment, and other processes that require heat transfer but do not allow steam or water flow.
Application Insights:
The global high temperature motor market is segmented on the basis of application into oil and gas, chemical industry, food processing, pulp and paper industry, metalurgical industries including power plants and refineries among others. The chemical industry emerged as the largest segment in 2017 accounting for over 40% of the overall revenue share. This can be attributed to factors such as growing demand for HVAC from various end-use applications including petrochemical plants; steel mills; cement kilns among others.
High temperature motors are widely used in industrial processes owing to their ability to provide precise speed control with low maintenance cost over wide range of operating temperatures. These motors also have a longer life span than standard induction or synchronous Motors which makes them ideal for use in heavy duty applications where continuous operation at elevated temperatures is required without any failure or breakdowns caused by mechanical parts wearing out prematurely.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing adoption in end-use industries such as chemical, oil and gas, food processing, water treatment, power generation. The region has witnessed significant growth in recent years due to favorable government policies for investments including tax benefits and low electricity costs on account of abundant availability of cheap energy resources.
The presence of major motor manufacturers including Shunsatsu Motor Co., Ltd., IHI Corporation; Toshiba Machine Tools Corporation; Nidec Corporation; Mitsubishi Electric Factory Products Inc.; Hitachi Automotive Systems Ltd.; Yokogawa Electric Corp.; Furukawa Electric Co., Ltd.; Fujikura Limited; Koyo Manufacturing Co., Ltd.; Kawasaki Heavy Industries LTD among others will drive the market further.
Growth Factors:
- Increasing demand for electric vehicles
- Growing industrialization and urbanization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in electric motors and drives
- Stringent environmental regulations to promote the use of high temperature motors
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Motor Market Research Report
By Type
Asynchronous High Temperature Motor, Synchronous High Temperature Motor
By Application
Chemical Industry, Oil and Gas, Others
By Companies
ABB, CEDS Duradrive GmbH, Teikoku, Nikkiso, Helios, WITTENSTEIN, Dynamic Pumps, OPTIMEX, Shinhoo, Fuzhou Wande Electric Limited Company, Kirloskar Brothers, HERMETIC-Pumpen
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Motor Market Report Segments:
The global High Temperature Motor market is segmented on the basis of:
Types
Asynchronous High Temperature Motor, Synchronous High Temperature 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
Chemical Industry, Oil and Gas, 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
- CEDS Duradrive GmbH
- Teikoku
- Nikkiso
- Helios
- WITTENSTEIN
- Dynamic Pumps
- OPTIMEX
- Shinhoo
- Fuzhou Wande Electric Limited Company
- Kirloskar Brothers
- HERMETIC-Pumpen
Highlights of The High Temperature Motor 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:
- Asynchronous High Temperature Motor
- Synchronous High Temperature Motor
- By Application:
- Chemical Industry
- Oil and Gas
- 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 Temperature Motor 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?
A high temperature motor is a type of electric motor that operates at temperatures above the normal operating range for electric motors. These motors are typically used in applications where higher temperatures are required, such as in industrial processes or heating systems.
Some of the key players operating in the high temperature motor market are ABB, CEDS Duradrive GmbH, Teikoku, Nikkiso, Helios, WITTENSTEIN, Dynamic Pumps, OPTIMEX, Shinhoo, Fuzhou Wande Electric Limited Company, Kirloskar Brothers, HERMETIC-Pumpen.
The high temperature motor 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 Temperature Motor 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 Temperature Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Temperature Motor 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 Temperature Motor 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 Temperature Motor Market Size & Forecast, 2020-2028
4.5.1 High Temperature Motor Market Size and Y-o-Y Growth
4.5.2 High Temperature Motor 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 Asynchronous High Temperature Motor
5.2.2 Synchronous High Temperature 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 Chemical Industry
6.2.2 Oil and Gas
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Temperature Motor 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 Temperature Motor 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 Asynchronous High Temperature Motor
9.6.2 Synchronous High Temperature 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 Chemical Industry
9.10.2 Oil and Gas
9.10.3 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 Asynchronous High Temperature Motor
10.6.2 Synchronous High Temperature 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 Chemical Industry
10.10.2 Oil and Gas
10.10.3 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 Asynchronous High Temperature Motor
11.6.2 Synchronous High Temperature 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 Chemical Industry
11.10.2 Oil and Gas
11.10.3 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 Asynchronous High Temperature Motor
12.6.2 Synchronous High Temperature 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 Chemical Industry
12.10.2 Oil and Gas
12.10.3 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 Asynchronous High Temperature Motor
13.6.2 Synchronous High Temperature 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 Chemical Industry
13.10.2 Oil and Gas
13.10.3 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 Temperature Motor Market: Competitive Dashboard
14.2 Global High Temperature Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 CEDS Duradrive GmbH
14.3.3 Teikoku
14.3.4 Nikkiso
14.3.5 Helios
14.3.6 WITTENSTEIN
14.3.7 Dynamic Pumps
14.3.8 OPTIMEX
14.3.9 Shinhoo
14.3.10 Fuzhou Wande Electric Limited Company
14.3.11 Kirloskar Brothers
14.3.12 HERMETIC-Pumpen
