High Speed Motor Market Analysis, Size, Trends, Top Companies and Regional Statistics 2023

Global Non-Volatile Memory Market Research Report: Forecast to 2023

High-Speed Motor Market Research Report: Global Forecast to 2023

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

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Copyright © 2017 Market Research Future.

Global Non-Volatile Memory Market Research Report: Forecast to 2023

Summary High-speed motors are capable of providing a rotational speed of over 10,00 rpm and are extensively used in applications that require higher rotational speed. High-speed motors improve efficiency and reduce energy consumption considerably. The global high-speed motor market is expected to expand at a CAGR of 4.25% over the forecast period of 2017-2023, proclaims Market Research Future (MRFR) in its latest report.

The growth of the high-speed motors market stems from its application across various industry verticals.

High-speed motors are highly desirable across various industries due to their performance credentials. They not improve process efficiency but also provide significant cost saving on energy consumption. Energy consumption makes up a significant part of process cost and reducing energy consumption can considerably enable cost saving. Moreover, the growing focus of industries on energy conservation is a key factor in enhancing the growth of the market. Additionally, various government regulations are adding fuel to the growth of the market. The governments in multiple countries are advocating the use of high-speed electric motors to support energy conservation goals. Moreover, the launch of various energy efficiency evaluation plans and the gradual shift towards sustainable and renewable energy resources have reflected positively on the growth of the market. Besides, high speed motors less noise as compared to normal motors and align with eco-friendly requirements.

On the contrary, the growth of the high-speed motors market might be undermined by various factors.

Design complexity and high cost remain major restraints to market growth. However, innovations in the high-speed motors space are likely to steer the market over the forecast period.

Various factors are driving the growth of the high-speed motor market. These factors, in accordance with the Market Research Future (MRFR) report, include the popularity of speed motors in different industries, expanded government activity, government initiatives to build the proficiency of high-speed motors, and various vitality productive assessment projects.

Competitive Landscape Leading players profiled in the high-speed motor market report include LTI Motion (Germany), Turbo Power Systems (TPS) (UK), Regal Beloit (US), SKF Magnetic Mechatronics (Sweden), Danfoss Turbocor (US), Fuji Electric (Japan), Synchrony (US), Toshiba (Japan), Nidec (Japan), Hitachi (Japan), Miedensha (Japan), Emerson (US), Siemens (Germany), Mitsubishi (Japan), ABB (Switzerland), GE (US), and others.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Market Segmentation

The Market Research Future report offers a wide segmental analysis of the high-speed motor market based on application, power range, and product.

Based on product, the high-speed motor market is segmented into permanent magnet motor, induction motor, and others. Of these, the permanent magnet motor segment will have the largest share in the market over the forecast period. Permanent magnet motor produces high torque and is used in numerous applications, which need milling and grinding machines. The growing demand for motors that offer high efficiency is predicted to drive the demand for permanent magnet motor.

Based on the power range, the high-speed motor market is segmented into low voltage and high voltage.

Of these, the low voltage segment will dominate the market over the forecast period. This is owing to the fact that low voltage motors operate at less than 1000 V and also produces an output of 1000 kW. It is this ability to offer high output with a low voltage that will push the market growth of this segment in the future.

Based on application, the high-speed motor market is segmented into bearings, compressor, power generation, machine tools, and others. Of these, the power generation segment will lead the market over the forecast period. This is owing to increasing demand and use of high-speed motors in wind turbines, hydropower plants, and others.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

Regional Analysis Based on the region, the high-speed motor market report covers growth opportunities and the latest trends across the Asia Pacific, Europe, North America, and Rest of the World.

Of these, Asia Pacific will dominate the market over the forecast period owing to the growing industrial sector. The government is focusing on infrastructure development due to which there will be massive scope for the market in this region. The rapidly increasing commercial development with promising policies by the government regarding FDI is likely to push market growth. Moreover, with favorable initiatives undertaken by the government, the scope of market growth in the APAC region is immense.

The high-speed motor market in Europe will have the second largest share in the market over the forecast period. France, the UK, and Germany are the key contributors here. The presence of a well-established manufacturing sector in the region offers manufacturers more scope of growth. Moreover, with the presently booming industry in the region, the market is likely to flourish.

The high-speed motor market in North America is predicted to have a favorable growth over the forecast period due to the existence of leading players with high investment in R&D. The increased investment in R&D will lead to product innovations that meet government standards. This, in turn, will drive the market growth in this region.

Industry Updates April 2019 - The US Department of Energy (DOE) announced an investment of USD 59 Mn to accelerate R&D of advanced vehicle technologies. The grant would provide a boost to the high-speed motor market.

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Global Non-Volatile Memory Market Research Report: Forecast to 2023

owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.

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