BANGALORE, India, June 27,
2024 /PRNewswire/ -- High Speed Motors Market is
Segmented by Product (Induction Motor, Permanent Magnet Motor,
Others), By Power Range (High Voltage, Low Voltage), By Application
(Machine Tools, Power Generation, Compressor, Bearings, Others):
Global Opportunity Analysis and Industry Forecast, 2023-2032.
According to a new report published by, titled, "High Speed
Motors Market," The high speed motors market was valued at
USD 12.6 Billion in 2022, and is
estimated to reach USD 21.7 Billion
by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
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Major Factors Driving the Growth of High Speed Motors
Market:
The market for high-speed motors is expanding due to growing
demand in a number of industries, including manufacturing,
aerospace, and automotive, where performance and efficiency are
crucial. Improvements in cooling systems and materials, along with
other advances in motor technology, have greatly increased these
motors' speed and longevity. High-speed motors that provide better
performance with less energy consumption are also being adopted by
industries due to the increasing focus on energy efficiency and the
stricter emission laws. This need is further fueled by the growth
of automation and robotics, as high-speed motors are crucial parts
of these systems that enable accurate and dependable operation.
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TRENDS INFLUENCING THE GROWTH OF THE HIGH SPEED MOTORS
MARKET:
The market for high-speed motors is expanding due to growing
demand in a number of industries, including manufacturing,
aerospace, and automotive, where performance and efficiency are
crucial. Improvements in cooling systems and materials, along with
other advances in motor technology, have greatly increased these
motors' speed and longevity. High-speed motors that provide better
performance with less energy consumption are also being adopted by
industries due to the increasing focus on energy efficiency and the
stricter emission laws. This need is further fueled by the growth
of automation and robotics, as high-speed motors are crucial parts
of these systems that enable accurate and dependable operation.
The market for high-speed motors is significantly influenced by
the usage of permanent magnet motors in high voltage power range
machine tools. High-performance machine tools require motors with
great efficiency, precision, and power density, which permanent
magnet motors provide. These motors provide machine tools the speed
and accuracy boost they need to run at higher levels of
sophistication, which is crucial for modern industrial processes
like CNC machining, milling, and lathing. Permanent magnet motors
are perfect for demanding industrial applications since they can
continue to operate consistently even under high load situations.
Permanent magnet motors are expected to become more in demand as a
result of industries like electronics, aerospace, and automotive
adopting high-speed, high-precision machining tools to improve
productivity and product quality. This will fuel the growth of
high-speed motors.
The demand for high-speed motors is also being driven by the
rise in industrial automation. Manufacturing and other industrial
sectors are adopting automation technology more frequently in order
to increase output, accuracy, and operational efficiency. Because
of their exceptional performance, dependability, and ability to
offer precise control, high-speed motors are essential to automated
systems. This demand is especially being driven by industries that
largely rely on automation, such electronics, aerospace, and the
automobile sector. The demand for high-speed motors is further
increased by the continued trend towards smart manufacturing and
the incorporation of sophisticated robotics and automated systems,
which is driving market expansion.
The market for high-speed motors is expanding thanks in large
part to the HVAC (Heating, Ventilation, and Air Conditioning)
sector. High-speed motors are vital parts of HVAC systems because
they supply compressors, air handling units, and other crucial
parts with the power and efficiency they need. The need for modern
HVAC solutions is driven by the need for energy-efficient building
systems, urbanization, and an increase in construction activity. In
these systems, high-speed motors aid in meeting the necessary
performance and energy efficiency requirements. High-speed motor
demand is predicted to increase in tandem with the HVAC industry's
continued expansion, especially in emerging economies, hence
bolstering market expansion.
The market is growing significantly because high-speed motors
are being adopted by the automobile sector more and more. These
motors are found in many different parts of electric and hybrid
cars, such as compressors, auxiliary systems, and powertrains. More
and more people are choosing to drive electric vehicles (EVs),
which means that high-speed, efficient motors are needed to
increase vehicle performance and range. Furthermore, cars with
high-speed motors have lower total weight and better energy
efficiency. The need for high-speed motors is predicted to rise
significantly as the automotive sector continues to shift toward
electric and hybrid vehicles.
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HIGH SPEED MOTORS MARKET SHARE
In the near future, permanent magnet motors are expected to
dominate market growth, expanding at a faster CAGR of 6.0%. This
can be explained by the fact that they are frequently utilized in
hybrid or direct-drive (wheel-drive) electric vehicles (EVs) due to
their high power density and efficiency. Auxiliary power units and
electric propulsion systems in aircraft are two more uses for
high-speed permanent magnet motors.
Over the projection period, the low voltage category is expected
to develop at a higher CAGR of 6.0%. Opportunities for expansion
arise from the growing use of low voltage high speed motors in
consumer electronics. The demand for low voltage high speed motors
is driven by the advancement of medical technology and precise
devices.
During the projected years, the compressor sector is anticipated
to dominate the growth of the high-speed motors market. High speed
air compressors have prospects as industrial automation and
pneumatic systems continue to increase. High speed turbochargers
become more important as engine efficiency becomes a priority for
the automobile industry.
Throughout the forecast period, North
America is anticipated to lead the growth of the high-speed
motors market. The demand for high speed motors to power robots,
conveyor systems, and other automated equipment is driven by the
development of automation in numerous industries.
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Key Companies:
- ABB Ltd
- General Electric
- Nidec
- Siemens AG
- Emerson Electric
- Meidensha Corporation
- Mitsubishi Electric
- Hitachi
- Toshiba Corporation
- Turbo Power Systems Limited
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Automotive High-Speed Motor market is projected to reach
USD 6326.2 Million in 2029,
increasing from USD 1573 Million in
2022, with a CAGR of 23.1% during the period of 2023 to 2029.
- High Speed Hydraulic Motors Market
- The global market for Powertrain Testing was estimated
to be worth USD 3056.3 Million in
2023 and is forecast to a readjusted size of USD 4511.2 Million by 2030 with a CAGR of 5.3%
during the forecast period 2024-2030.
- Automotive Turbochargers market is projected to reach
USD 37120 Million by 2030 from an
estimated USD 20730 Million in 2024,
at a CAGR of 10.2% during 2024 and 2030.
- The global market for Stators and Rotors for High Speed
Motor was estimated to be worth USD 1159.4
Million in 2023 and is forecast to a readjusted size of
USD 1720.1 Million by 2030 with a
CAGR of 5.6% during the forecast period 2024-2030.
- High Speed Motor Stator Market
- High Voltage Induction Motors market was valued at
USD 21250 Million in 2023 and is
anticipated to reach USD 28090
Million by 2030, witnessing a CAGR of 4.1% during the
forecast period 2024-2030.
- Marine High Speed Motor Oil Market
- Electric Bike Market by Product, Drive Mechanism,
and Battery Type: Opportunity Analysis and Industry Forecast,
2020–2030," the global E-bikes market was valued at USD 40.3 Billion in 2019, and is projected to
reach USD 118.6 Billion by 2030,
registering a CAGR of 10.5% from 2020 to 2030.
- Industrial Smart Motor Market
- Automotive Induction Motor Market
- High-Efficiency Low-Voltage Motor Market
- Electric Truck Motor Market
- High Speed Blender Market
- High Speed Linear Module Market
- General Purpose Engines Market was estimated to be worth
USD 9216 Million in 2023 and is
forecast to a readjusted size of USD 10918
Million by 2030 with a CAGR of 2.09% during the forecast
period 2024-2030.
- High Speed Spindle market was valued at USD 1166 Million in 2023 and is anticipated to
reach USD 1591.4 Million by 2030,
witnessing a CAGR of 4.8% during the forecast period 2024-2030.
- Coaxial Gear Motors Market
- The global electric vehicle market size was valued at
USD 163.01 billion in 2020, and is
projected to reach USD 823.75 billion
by 2030, registering a CAGR of 18.2% from 2021 to 2030.
- High-Speed Linear Actuator Market
- Low-Speed Synchronous Motors Market
- Locomotive Traction Motors market is projected to reach
USD 3612.8 Million in 2029,
increasing from USD 2159.3 Million in
2022, with a CAGR of 7.6% during the period of 2023 to 2029.
- High Efficiency Low Voltage Aluminum Motor Market
revenue was USD 2959.5 Million in
2022 and is forecast to a readjusted size of USD 3828.1 Million by 2029 with a CAGR of 3.7%
during the forecast period (2023-2029).
- High Speed Winding Machine Market
- The Bullet Train Market is expected to experience a
significant growth rate of 6.27% from 2022-2031.
- High Speed Precision Electric Spindle market was valued
at USD 451 Million in 2023 and is
anticipated to reach USD 590.9
Million by 2030, witnessing a CAGR of 4.0% during the
forecast period 2024-2030.
- NEMA Motors Market
- Electric Motor Market
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