The Business Research Company’s report on the High Speed Motor Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the high speed motor market further?
The increase in demand for energy is expected to propel the high-speed motor market. Energy refers to the power to perform tasks by means of the application of some force. Industrial development and technological advancements in both developed and emerging nations are driving up global energy demand. Rapid industrialization requires high-speed motors to help generate energy for industrial purposes. For instance, in April 2023, according to the Energy Information Administration, a US-based government agency, the United States witnessed a 2.6% increase in total electricity consumption in 2022 compared to the previous year. During the same year, there was a 3.5% rise in retail electricity sales to the residential sector and a 3.4% increase in retail electricity sales to the commercial sector compared to 2021. Therefore, increasing demand for energy is anticipated to fuel the high-speed motor market.
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What are the key factors influencing the forecasted market size of the high speed motor industry?
The high speed motor market size has grown strongly in recent years. It will grow from $14.04 billion in 2024 to $15.44 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to emerging market opportunities, global infrastructure development, energy efficiency regulations, precision machining applications, HVAC and building automation.
The high speed motor market size is expected to see rapid growth in the next few years. It will grow to $22.94 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to industrial automation and robotics, rising demand for electric vehicles (EVs), renewable energy sector growth, industrial IoT and industry 4.0, miniaturization and power density. Major trends in the forecast period include development in magnetic bearings, high-speed motor applications in healthcare, data center expansion and cooling needs, energy efficiency focus, electrification in aerospace and aviation.
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Who are the leading competitors in the high speed motor market?
Major companies operating in the high speed motor market are ABB Ltd., Emerson Electric Co., Mitsubishi Electric Corporation, Meidensha Corporation, Nidec Corporation, Hitachi Ltd., Eaton Corporation PLC, Allied Motion Technologies Inc., General Electric Company, Rockwell Automation Inc., Siemens AG, WEG Electric Corp., Toshiba Corporation, Robert Bosch GmbH, Delta Electronics Inc., Fuji Electric Co. Ltd., Parker-Hannifin Corporation, Yaskawa Electric Corporation, Regal Beloit Corporation, Danaher Motion LLC, Kollmorgen Corporation, Oriental Motor USA Corp., Schneider Electric SE, Johnson Electric Holdings Limited, Maxon Motor AG, Moog Inc., Aerotech Inc., Anaheim Automation Inc., Arc Systems Inc., Crouzet Automatismes SAS, Dunkermotoren GmbH
Which emerging trends are set to transform the high speed motor market landscape?
Constant research and development activities are the key trend gaining popularity in the high-speed motor market. Major players are concentrating on research and development activities to create innovative technologies to sustain their position in the high-speed motor market. For instance, in January 2023, Fairbanks Morse Defense, a US-based company, launched its first high-speed engine, the nForcer FM 175D, designed for high-speed applications and expanding its naval defense capabilities. The engine is intended for use in unmanned surface vessels (USVs) and other high-speed applications, providing a reliable and efficient power source for naval operations. The nForcer FM 175D engine offers a power output of 175 horsepower and is designed to meet the specific needs of the US Navy’s unmanned programs.
How do different geographies compare in terms of market share and growth potential in the high speed motor market?
Asia-Pacific was the largest region in the high-speed motor market in 2024. The regions covered in the high speed motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the high speed motor market are experiencing the fastest growth?
The high speed motor market covered in this report is segmented –
1) By Product Type: AC Motors, DC Motors
2) By Construction: Induction Motor, Permanent Magnet Motor
3) By Power Range: High Voltage, Low Voltage
4) By Application: Industrial Machinery, Aerospace And Transportation, Power Generation, Automotive, Household Applications, Other Applications
Subsegments:
1) By AC Motors: Synchronous AC Motors, Asynchronous (Induction) AC Motors, Servo Motors, Stepper Motors
2) By DC Motors: Brushed DC Motors, Brushless DC Motors, Coreless DC Motors
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How is the high speed motor market defined?
A high-speed motor is a machine operated by electricity that can be used for various tasks that call for a fast rotational speed, including winding, grinding, and high-speed cutting. The high-speed motor is used in portable drills for dentists, vacuum cleaners, and various pumps and provides good soft starting performance and a linear, controllable speed curve.
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