What Has Been The Evolution of the High Speed Motor Market in Recent Years?
The high speed motor market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant expansion in the high-speed motor market size. The sector, which is predicted to escalate from $14.04 billion in 2024 to $15.44 billion in 2025, is expected to witness a compound annual growth rate (CAGR) of 10.0%. This remarkable progression during the historic period can be attributed to factors such as developing market opportunities, worldwide infrastructure advancement, energy efficiency policies, applications in precision machining, and HVAC and building automation.
What Is the Forecasted Market Size and Growth Rate for The High Speed Motor Market in the Coming Years?
The High Speed Motor market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the high speed motor market is set to witness swift expansion. Projected to reach a value of $22.94 billion in 2029, with an annual compound growth rate of 10.4%.
, this substantial growth can be linked to the increase in industrial automation, robotics, heightened demand for electric vehicles (EVs), the boom in the renewable energy sector, the advent of industrial IoT and industry 4.0, along with miniaturization and power density. Key trends to watch in the forecast period include advancements in magnetic bearings, the elevated use of high-speed motors in healthcare, extension and cooling necessities of data centers, emphasis on energy efficiency, and electrification in the aerospace and aviation realms.
What Factors Are Driving Growth In The High Speed Motor Market?
The escalating need for energy is predicted to stimulate the high-speed motor market. This is because energy, the capacity to carry out tasks through the implementation of force, is a key driver of commercial and industrial developments. Both the developed and developing world's advancements in technology are causing a surge in global energy consumption. The speed of industrial growth demands the use of high-speed motors, which are instrumental in producing energy for industrial applications. As per the US-based government agency, Energy Information Administration, an analysis from April 2023 showed a 2.6% surge in the US's total electricity consumption in 2022 when compared to the preceding year. Similarly, there was a 3.5% and 3.4% upsurge in retail electricity sales for the residential and commercial sectors respectively, relative to the sales in 2021. Hence, the growing energy needs are foreseen to boost the high-speed motor market.
What Are The Main Segments Of The Global High Speed Motor Market?
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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What Emerging Trends Are Influencing The Growth Of The High Speed Motor Market?
The primary trend seen within the high-speed motor market revolves around consistent research and development endeavours. Leading companies in this market are focusing their efforts on R&D to introduce groundbreaking technologies and preserve their market position. To illustrate, Fairbanks Morse Defense, a company operating in the United States, unveiled its inaugural high-speed engine in January 2023. The engine, named nForcer FM 175D, is specifically engineered for high-speed uses and to bolster its capabilities in naval defense. Its intended use includes unmanned surface vessels (USVs) and other high-speed operations, serving as a dependable, efficient energy source for naval activities. The nForcer FM 175D engine's power output is an impressive 175 horsepower and it is tailored to meet the unique needs of the U.S. Navy's unmanned initiatives.
Who Are the Key Players In The High Speed Motor Market?
Major companies operating in the high speed motor market include:
• 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
What Is The Most Dominant Region 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.
