Market Overview:
The global high thrust 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 thrust motors in various applications such as petroleum, natural gas, chemical industrial, and others. Additionally, the growing demand for electric vehicles is also propelling the growth of the global high thrust motor market. However, volatility in raw material prices may restrain the growth of this market to some extent during the forecast period. On basis of type, 3-phase motors are expected to dominate the global high thrust motor market during 2018-2030 owing to their higher efficiency as compared with 1-phase motors.
Product Definition:
A high thrust motor is a motors that is specifically designed for applications requiring a high level of thrust. These motors are commonly used in spacecraft, missiles, and aircraft. High thrust motors are important because they provide the necessary power to move large objects or vehicles through the air or space.
1-Phase:
1-Phase is a type of electric motor that uses single-phase power. It's main application areas are in small & medium class vehicles such as cars, scooters, motorcycles and others. The growth factor for this market is high demand from the end users due to its cost effectiveness and compact size which gives more space for other equipment.
3-Phase:
3-phase is a type of electric motor used in high power applications. It has three windings and six legs. The main advantage of this design is that it can provide low speed and high torque at the same time, which makes it ideal for various industrial applications such as heavy machinery, construction equipment, etc.
The 3-phase electric motor finds its major application in aerospace & defense sector where reliability on power supply is very important factor along with cost efficiency.
Application Insights:
Petroleum was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The global petroleum industry is witnessing a shift towards electric vehicles, which require high power motors for their traction. This trend has led to an increased demand for HTM, especially from countries such as China and Japan that are leading markets in electric vehicles production.
The chemical industrial application segment accounted for a significant market share of 15% in terms of volume in 2017 on account of growing demand from various end-use industries including paper mills, cement plants and refineries among others. Chemical industry requires large number of high power motors due to its heavy machinery requirement coupled with demanding process automation requirements driving the growth further.
Natural gas applications are also anticipated to witness significant growth owing to increasing natural gas production across North America.
Regional Analysis:
Europe accounted for the largest share of over 35% in 2017. The region is expected to dominate the global high thrust motor market over the forecast period owing to increasing demand from various application industries, such as chemical and petrochemical, oil & gas industry. In addition, presence of major players in countries such as Germany and France is also contributing towards regional growth.
Asia Pacific is anticipated to witness significant growth during the forecast period due to rapid industrialization coupled with favorable government policies aimed at promoting investments in various emerging economies including China and India. Growing population along with rising living standards are likely to contribute towards increased domestic consumption of energy products across these nations which will further propel market development during the projected time frame.
Growth Factors:
- Increasing demand for electric vehicles
- Growing number of space exploration initiatives
- Proliferation of advanced aerospace technologies
- Rising investments in defense sector
- Growing popularity of high thrust motors among hobbyists
Scope Of The Report
Report Attributes
Report Details
Report Title
High Thrust Motor Market Research Report
By Type
1-Phase, 3-Phase
By Application
Petroleum, Natural Gas, Chemical Industrial, Other
By Companies
Nidec, Franklin Electric, Siemens, Westinghouse Electric, General Electric, Emerson, WEG Industries, Nidec
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global High Thrust Motor Market Report Segments:
The global High Thrust Motor market is segmented on the basis of:
Types
1-Phase, 3-Phase
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
Petroleum, Natural Gas, Chemical Industrial, Other
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:
- Nidec
- Franklin Electric
- Siemens
- Westinghouse Electric
- General Electric
- Emerson
- WEG Industries
- Nidec
Highlights of The High Thrust 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:
- 1-Phase
- 3-Phase
- By Application:
- Petroleum
- Natural Gas
- Chemical Industrial
- Other
- 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 Thrust 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 thrust motor is a type of electric motor that produces high levels of torque and power. They are typically used in applications where speed and power are critical, such as aircraft engines, industrial machinery, and racing cars.
Some of the major players in the high thrust motor market are Nidec, Franklin Electric, Siemens, Westinghouse Electric, General Electric, Emerson, WEG Industries, Nidec.
The high thrust motor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Thrust 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 Thrust Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Thrust 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 Thrust 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 Thrust Motor Market Size & Forecast, 2018-2028
4.5.1 High Thrust Motor Market Size and Y-o-Y Growth
4.5.2 High Thrust Motor Market Absolute $ Opportunity
Chapter 5 Global High Thrust Motor 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 High Thrust Motor Market Size Forecast by Type
5.2.1 1-Phase
5.2.2 3-Phase
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Thrust Motor 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 High Thrust Motor Market Size Forecast by Applications
6.2.1 Petroleum
6.2.2 Natural Gas
6.2.3 Chemical Industrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Thrust 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 Thrust 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 High Thrust Motor Analysis and Forecast
9.1 Introduction
9.2 North America High Thrust Motor 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 High Thrust Motor Market Size Forecast by Type
9.6.1 1-Phase
9.6.2 3-Phase
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 High Thrust Motor Market Size Forecast by Applications
9.10.1 Petroleum
9.10.2 Natural Gas
9.10.3 Chemical Industrial
9.10.4 Other
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 High Thrust Motor Analysis and Forecast
10.1 Introduction
10.2 Europe High Thrust Motor 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 High Thrust Motor Market Size Forecast by Type
10.6.1 1-Phase
10.6.2 3-Phase
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 High Thrust Motor Market Size Forecast by Applications
10.10.1 Petroleum
10.10.2 Natural Gas
10.10.3 Chemical Industrial
10.10.4 Other
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 High Thrust Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Thrust Motor 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 High Thrust Motor Market Size Forecast by Type
11.6.1 1-Phase
11.6.2 3-Phase
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 High Thrust Motor Market Size Forecast by Applications
11.10.1 Petroleum
11.10.2 Natural Gas
11.10.3 Chemical Industrial
11.10.4 Other
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 High Thrust Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America High Thrust Motor 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 High Thrust Motor Market Size Forecast by Type
12.6.1 1-Phase
12.6.2 3-Phase
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 High Thrust Motor Market Size Forecast by Applications
12.10.1 Petroleum
12.10.2 Natural Gas
12.10.3 Chemical Industrial
12.10.4 Other
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) High Thrust Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Thrust Motor 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) High Thrust Motor Market Size Forecast by Type
13.6.1 1-Phase
13.6.2 3-Phase
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) High Thrust Motor Market Size Forecast by Applications
13.10.1 Petroleum
13.10.2 Natural Gas
13.10.3 Chemical Industrial
13.10.4 Other
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 Thrust Motor Market: Competitive Dashboard
14.2 Global High Thrust Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nidec
14.3.2 Franklin Electric
14.3.3 Siemens
14.3.4 Westinghouse Electric
14.3.5 General Electric
14.3.6 Emerson
14.3.7 WEG Industries
14.3.8 Nidec
