PUBLISHER: The Business Research Company | PRODUCT CODE: 1425538
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425538
High Speed Motor Global Market Report 2024
High Speed Motor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high speed motor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for high speed motor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high speed motor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 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
- Companies Mentioned: ABB Ltd.; Emerson Electric Co.; Mitsubishi Electric Corporation; Meidensha Corporation; Nidec Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
A high-speed motor, powered by electricity, is a versatile machine designed for tasks requiring rapid rotational speed, such as winding, grinding, and high-speed cutting. This type of motor is commonly employed in various applications, including portable drills for dentists, vacuum cleaners, and different types of pumps. High-speed motors offer excellent soft starting performance and a linear, controllable speed curve.
There are two main types of high-speed motors such as AC (alternating current) motors and DC (direct current) motors. AC motors provide a consistent level of power throughout their operation and find applications in pumps, water heaters, and other equipment. AC motors include induction motors and permanent magnet motors. High-speed motors come in different voltage configurations, including high voltage and low voltage. They are utilized in diverse sectors such as industrial machinery, aerospace and transportation, power generation, automotive, household applications, and more.
The high-speed motors market research report is one of a series of new reports from The Business Research Company that provides high speed motors market statistics, including high speed motors industry global market size, regional shares, competitors with a high speed motors market share, detailed high speed motors market segments, market trends and opportunities, and any further data you may need to thrive in the high speed motors industry. These high-speed motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The high speed motor market size has grown rapidly in recent years. It will grow from $12.83 billion in 2023 to $14.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed in the historical period can be attributed to the identification of emerging market opportunities, advancements in global infrastructure development, adherence to energy efficiency regulations, increased utilization of precision machining applications, and the widespread adoption of HVAC and building automation solutions.
The high speed motor market size is expected to see rapid growth in the next few years. It will grow to $20.8 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in the forecast period can be attributed to factors such as industrial automation and robotics, the increasing demand for electric vehicles (EVs), growth in the renewable energy sector, the adoption of Industrial Internet of Things (IIoT) and Industry 4.0 technologies, and the ongoing trends of miniaturization and power density improvements. Major trends expected in this period include developments in magnetic bearings, the application of high-speed motors in healthcare, the expansion of data centers with increased cooling needs, a heightened focus on energy efficiency, and the electrification initiatives in the aerospace and aviation industries.
The high-speed motor market is poised for growth, propelled by the escalating demand for energy. Energy, crucial for powering various tasks through force application, is witnessing heightened global demand due to industrial development and technological advancements. Both developed and emerging nations contribute to this surge in energy consumption, necessitating the use of high-speed motors for energy generation in industrial applications. A notable example is the United States, where total electricity consumption experienced a 2.6% increase in 2022 compared to the previous year. Additionally, there was a substantial 3.5% rise in retail electricity sales to the residential sector and a 3.4% increase in retail electricity sales to the commercial sector in the same period. This surge in energy demand underscores the pivotal role high-speed motors play in meeting the evolving needs of industrial applications, thereby fueling the growth of the high-speed motor market.
The high-speed motors market is set for significant growth, propelled by the expanding automotive industry. The automotive sector, encompassing various activities from design to modification of motor vehicles, plays a pivotal role in driving the demand for high-speed motors. These motors find essential applications in electric vehicles, advanced robotics, and precision manufacturing equipment within the automotive industry. This integration contributes to heightened efficiency, improved performance, and increased sustainability in modern automotive systems. A noteworthy indicator is the surge in total vehicle production in the United States, reaching 11.77 million units in July 2023 from 10.91 million units in June 2023, as reported by the Board of Governors of the Federal Reserve System. The expanding automotive industry's reliance on high-speed motors underscores their significance in shaping the industry's future and driving market growth.
A key trend gaining prominence in the high-speed motor market is the continuous focus on research and development activities. Major industry players are directing their efforts toward innovation and the creation of cutting-edge technologies to maintain a competitive edge. A recent example is the launch of the nForcer FM 175D by Fairbanks Morse Defense. This high-speed engine, designed for high-speed applications, particularly in unmanned surface vessels (USVs) and naval defense, exemplifies the outcomes of robust research and development. Offering a power output of 175 horsepower, the nForcer FM 175D engine caters to the specific needs of the US Navy's unmanned programs, showcasing the industry's commitment to advancing technology and meeting the evolving demands of high-speed applications. This trend positions research and development activities as a driving force behind the growth and innovation in the high-speed motor market.
In April 2022, Enedym Inc., a Canadian technology company, entered into a strategic partnership with Sona Comstar to collaborate on the production of magnet-less electric vehicle (EV) motors specifically designed for the Indian market. The partnership involves the joint development and manufacturing of Switched Reluctance Motor (SRM) drive platforms tailored for three-wheel electric vehicles (3-WEVs), two-wheel high-performance motorcycles (2-W motorcycles), and four-wheel cargo delivery electric vehicles (4-W cargo EVs) in India. Sona Comstar, an India-based company, specializes in manufacturing high-speed motors for electric vehicles (EVs).
Major companies operating in the high speed motor market report 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
Asia-Pacific was the largest region in the high-speed motor market in 2023. The regions covered in the high speed motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the high speed motor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The high-speed motors market consists of sales of high-speed special motors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. High Speed Motor Market Characteristics
3. High Speed Motor Market Trends And Strategies
4. High Speed Motor Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On The Market
- 4.2. Ukraine-Russia War Impact On The Market
- 4.3. COVID-19 Impact On The Market
5. Global High Speed Motor Market Size and Growth
- 5.1. Global High Speed Motor Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global High Speed Motor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global High Speed Motor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. High Speed Motor Market Segmentation
- 6.1. Global High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- AC Motors
- DC Motors
- 6.2. Global High Speed Motor Market, Segmentation By Construction, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Induction Motor
- Permanent Magnet Motor
- 6.3. Global High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- High Voltage
- Low Voltage
- 6.4. Global High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Aerospace And Transportation
- Power Generation
- Automotive
- Household Applications
- Other Applications
7. High Speed Motor Market Regional And Country Analysis
- 7.1. Global High Speed Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global High Speed Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific High Speed Motor Market
- 8.1. Asia-Pacific High Speed Motor Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China High Speed Motor Market
- 9.1. China High Speed Motor Market Overview
- 9.2. China High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India High Speed Motor Market
- 10.1. India High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan High Speed Motor Market
- 11.1. Japan High Speed Motor Market Overview
- 11.2. Japan High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia High Speed Motor Market
- 12.1. Australia High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia High Speed Motor Market
- 13.1. Indonesia High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea High Speed Motor Market
- 14.1. South Korea High Speed Motor Market Overview
- 14.2. South Korea High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe High Speed Motor Market
- 15.1. Western Europe High Speed Motor Market Overview
- 15.2. Western Europe High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK High Speed Motor Market
- 16.1. UK High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany High Speed Motor Market
- 17.1. Germany High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France High Speed Motor Market
- 18.1. France High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy High Speed Motor Market
- 19.1. Italy High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain High Speed Motor Market
- 20.1. Spain High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe High Speed Motor Market
- 21.1. Eastern Europe High Speed Motor Market Overview
- 21.2. Eastern Europe High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia High Speed Motor Market
- 22.1. Russia High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America High Speed Motor Market
- 23.1. North America High Speed Motor Market Overview
- 23.2. North America High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA High Speed Motor Market
- 24.1. USA High Speed Motor Market Overview
- 24.2. USA High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada High Speed Motor Market
- 25.1. Canada High Speed Motor Market Overview
- 25.2. Canada High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America High Speed Motor Market
- 26.1. South America High Speed Motor Market Overview
- 26.2. South America High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil High Speed Motor Market
- 27.1. Brazil High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East High Speed Motor Market
- 28.1. Middle East High Speed Motor Market Overview
- 28.2. Middle East High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa High Speed Motor Market
- 29.1. Africa High Speed Motor Market Overview
- 29.2. Africa High Speed Motor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa High Speed Motor Market, Segmentation By Power Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa High Speed Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. High Speed Motor Market Competitive Landscape And Company Profiles
- 30.1. High Speed Motor Market Competitive Landscape
- 30.2. High Speed Motor Market Company Profiles
- 30.2.1. ABB Ltd.
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Emerson Electric Co.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Mitsubishi Electric Corporation
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Meidensha Corporation
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Nidec Corporation
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. ABB Ltd.
31. Global High Speed Motor Market Competitive Benchmarking
32. Global High Speed Motor Market Competitive Dashboard
33. Key Mergers And Acquisitions In The High Speed Motor Market
34. High Speed Motor Market Future Outlook and Potential Analysis
- 34.1 High Speed Motor Market In 2028 - Countries Offering Most New Opportunities
- 34.2 High Speed Motor Market In 2028 - Segments Offering Most New Opportunities
- 34.3 High Speed Motor Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer
