Market Overview:
The global high-speed motor market is expected to grow from USD 9.5 billion in 2018 to USD 15.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for high-speed motors in machine tools, power generation, compressor, and other industries. Moreover, the growing awareness about energy efficiency and rising demand for electric vehicles are also fueling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. Based on type, induction motors accounted for a major share of the global high-speed motor market in 2017 and are projected to dominate duringthe forecast period as well. Induction motors offer various benefits such as low noise levels and easy installation which is driving their adoption among end users across different applications segments such as machine tools,, power generation,, compressor,, and others industry verticals . Permanent magnet motors are expectedto witness highest CAGRduringthe forecast period owingto its properties such as higher efficiencyand torque density whichmakes it suitableforhigh speedapplications .
Product Definition:
A high speed motor is a type of electric motor that operates at high speeds, typically greater than 1,500 rotations per minute (rpm). High speed motors are used in a variety of applications, including industrial and commercial equipment, automotive manufacturing and transportation systems.
Induction Motor:
Induction motor is a type of electric motor that uses the principle of electromagnetic induction to produce rotary motion. The main difference between them and synchronous motors is that the former does not have brushes, while the latter has. Induction motors are smaller than their counterparts; they are lightweight and can be operated at higher speeds. They also have fewer electrical parts, which results in less power loss and better efficiency.
Permanent Magnet Motor:
Permanent Magnet Motor (PMM) is an electric motor that uses magnets to generate electricity. These motors have a very high torque output and are mainly used in applications that require high speed such as aerospace, automotive, industrial machinery and equipment, etc.
Application Insights:
The global high speed motor market has been segmented on the basis of application into machine tools, compressor, power generation, and other industry. The machine tools application segment accounted for a major share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing demand for high precision machining from industrial applications such as aerospace & defense.
Rapidly growing industrialization in developing countries such as India and China is expected to boost product demand from the machine tools application segment over the forecast period. In addition, presence of key players with extensive manufacturing facilities coupled with strong distribution channels will further propel industry growth over the next eight years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest growing market for high speed motors over the forecast period. The growth can be attributed to increasing demand from various application industries in countries such as China, Japan, and India. For instance, in July 2017, Panasonic Corporation of India announced its collaboration with HSM Motor Co., Ltd., a subsidiary of Shanghai Zhenhua Heavy Industries Co., Ltd. for manufacturing electric motor using induction motor technology at Pune plant under Jain Irrigation Systems Limited (JISL) brand name.
The company’s vision is to manufacture 1 million units per year by 2020 and 5 million units per year by 2022 which will create more opportunities for industry participants across Asia Pacific region.
Growth Factors:
- Increasing demand for electric vehicles
- Rising disposable income of consumers
- Technological advancements in the field of motors
- Growing awareness about energy efficiency and its benefits
- Stringent government regulations to promote the use of high speed motors
Scope Of The Report
Report Attributes
Report Details
Report Title
High Speed Motor Market Research Report
By Type
Induction Motor, Permanent Magnet Motor, Other Motor
By Application
Machine Tools, Power Generation, Compressor, Other Industry
By Companies
GE, ABB, Mitsubishi, Siemens, Bosch Rexroth, Emerson, Meidensha, Hitachi, Jing-Jin Electric, Nidec, Toshiba, Synchrony, Fuji Electric
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global High Speed Motor Market Report Segments:
The global High Speed Motor market is segmented on the basis of:
Types
Induction Motor, Permanent Magnet Motor, Other 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
Machine Tools, Power Generation, Compressor, Other Industry
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:
- GE
- ABB
- Mitsubishi
- Siemens
- Bosch Rexroth
- Emerson
- Meidensha
- Hitachi
- Jing-Jin Electric
- Nidec
- Toshiba
- Synchrony
- Fuji Electric
Highlights of The High Speed 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:
- Induction Motor
- Permanent Magnet Motor
- Other Motor
- By Application:
- Machine Tools
- Power Generation
- Compressor
- Other Industry
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 speed motor is a type of electric motor that operates at speeds above 1,000 RPM. These motors are often used in applications where high torque and speed are required, such as in industrial machinery or aircraft engines.
Some of the major players in the high speed motor market are GE, ABB, Mitsubishi, Siemens, Bosch Rexroth, Emerson, Meidensha, Hitachi, Jing-Jin Electric, Nidec, Toshiba, Synchrony, Fuji Electric.
The high speed motor market is expected to grow at a compound annual growth rate of 6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Speed Motor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Speed Motor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Speed Motor Market - Supply Chain
4.5. Global High Speed Motor Market Forecast
4.5.1. High Speed Motor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Speed Motor Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Speed Motor Market Absolute $ Opportunity
5. Global High Speed Motor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Speed Motor Market Size and Volume Forecast by Type
5.3.1. Induction Motor
5.3.2. Permanent Magnet Motor
5.3.3. Other Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Speed Motor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Speed Motor Market Size and Volume Forecast by Application
6.3.1. Machine Tools
6.3.2. Power Generation
6.3.3. Compressor
6.3.4. Other Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Speed Motor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Speed Motor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Speed Motor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Speed Motor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Speed Motor Demand Share Forecast, 2019-2026
9. North America High Speed Motor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Speed Motor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Speed Motor Market Size and Volume Forecast by Application
9.4.1. Machine Tools
9.4.2. Power Generation
9.4.3. Compressor
9.4.4. Other Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Speed Motor Market Size and Volume Forecast by Type
9.7.1. Induction Motor
9.7.2. Permanent Magnet Motor
9.7.3. Other Motor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Speed Motor Demand Share Forecast, 2019-2026
10. Latin America High Speed Motor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Speed Motor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Speed Motor Market Size and Volume Forecast by Application
10.4.1. Machine Tools
10.4.2. Power Generation
10.4.3. Compressor
10.4.4. Other Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Speed Motor Market Size and Volume Forecast by Type
10.7.1. Induction Motor
10.7.2. Permanent Magnet Motor
10.7.3. Other Motor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Speed Motor Demand Share Forecast, 2019-2026
11. Europe High Speed Motor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Speed Motor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Speed Motor Market Size and Volume Forecast by Application
11.4.1. Machine Tools
11.4.2. Power Generation
11.4.3. Compressor
11.4.4. Other Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Speed Motor Market Size and Volume Forecast by Type
11.7.1. Induction Motor
11.7.2. Permanent Magnet Motor
11.7.3. Other Motor
11.8. Basis Point Share (BPS) Analysis by Typ
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Speed Motor Demand Share, 2019-2026
12. Asia Pacific High Speed Motor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Speed Motor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Speed Motor Market Size and Volume Forecast by Application
12.4.1. Machine Tools
12.4.2. Power Generation
12.4.3. Compressor
12.4.4. Other Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Speed Motor Market Size and Volume Forecast by Type
12.7.1. Induction Motor
12.7.2. Permanent Magnet Motor
12.7.3. Other Motor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Speed Motor Demand Share, 2019-2026
13. Middle East & Africa High Speed Motor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Speed Motor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Speed Motor Market Size and Volume Forecast by Application
13.4.1. Machine Tools
13.4.2. Power Generation
13.4.3. Compressor
13.4.4. Other Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Speed Motor Market Size and Volume Forecast by Type
13.7.1. Induction Motor
13.7.2. Permanent Magnet Motor
13.7.3. Other Motor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Speed Motor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Speed Motor Market: Market Share Analysis
14.2. High Speed Motor Distributors and Customers
14.3. High Speed Motor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bosch Rexroth
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Emerson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Meidensha
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hitachi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jing-Jin Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nidec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Toshiba
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Synchrony
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fuji Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook