High Speed Motor Market Competitive Dynamics & Global Outlook 2023 By Mitsubishi, Siemens, Emerson, Miedensha, Hitachi, Nidec, Toshiba, and Synchrony

The high speed motor is mainly used in applications that require higher rotational speed. The high speed motor provides a rotational speed of over 10,000 rpm. Owing to their high speed, the power density of the motor is also high and the power volume is comparatively too less as compared to the ordinary motor. The use of high speed motors ensure high transmission efficiency and lesser noise. The high speed of the motor has small inertia, which result in faster dynamic response. The use of high speed motor with variable frequency drive will improve efficiency and reduce energy consumption in motor. Variable frequency drive are used to provide low cost of energy, improved system reliability, and less maintenance cost.

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The growth of the high speed motors market is majorly driven by increased government initiative, energy efficient evaluation programs, and high demand for high speed motor in industries. The government have taken various initiatives to increase the efficiency of the high speed motor. According to Office of Energy Efficiency & Renewable Energy, there has been increased in the investment of up to USD 25 million. The investment is major for developing advance technologies for energy-efficient electric motor.

Segmentation

The high-speed motor market has been segmented based on product, power range, application, and region.

On the basis of product, the market has been segmented as induction motor, permanent magnet motor, and others. Permanent magnet motor has dominated the market during the forecast period because they produce high torque and are used in various applications that require the utilization of grinding and milling machines.

On the basis of power range, the market has been segmented as high voltage and low voltage. Low voltage segment has dominated the market during the forecast period because it operates at less than 1,000 V and produces an output of 1,000 kW.

On the basis of application, the market has been segmented as machine tools, power generation, compressor, bearings, and others. Power generation has dominated the market during the forecast period due to an increase in demand and use of high-speed motors in hydropower plants, wind turbines, and others.

Geographically, the global high-speed motor market has been segmented into four major regions, such as North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The prominent players in the High speed motor market include GE (U.S.), ABB (Switzerland), Mitsubishi (Japan), Siemens (Germany), Emerson (U.S.), Miedensha (Japan), Hitachi (Japan), Nidec (Japan), Toshiba (Japan), and Synchrony (U.S.). Fuji Electric (Japan), Danfoss Turbocor (U.S.), SKF magnetic mechatronics (Sweden), Regal Beloit (U.S.), Turbo Power Systems (TPS) (U.K.), and LTI Motion (Germany) are among others.

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List of Tables

Table 1 Market Synopsis

Table 2 List Of Assumptions

Table 3 Global High Speed Motor Market, By Product, 2014-2017 (USD Million)

Table 4 Global High Speed Motor Market, By Power Range, 2014-2017 (USD Million)

Table 5 Global High Speed Motor Market, By Application, 2014-2023 (USD Million)

Table 6 Global High Speed Motor Market, By Region, 2014-2023 (USD Million)

Table 7 Americas: High Speed Motor Market, By Region, 2014-2023 (USD Million)

Table 8 Americas: High Speed Motor Market, By Product, 2014-2023 (USD Million)

Table 9 Americas: High Speed Motor Market, By Power Range, 2014-2023 (USD Million)

Table 10 Americas: High Speed Motor Market, By Application, 2014-2023 (USD Million)

Table 11 Americas: Machine Tool High Speed Motor Market, By Power Range, 2014-2023 (USD Million)

Table 12 Americas: Power Generation High Speed Motor Market, By Power Range, 2014-2023 (USD Million)

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