About High Speed Motor
A high-speed motor is an electrical machine that converts electrical energy into mechanical energy which has a rotational speed of over 10,000 rpm. The power density of the motor is high as compared to medium speed motors. The major use of high-speed motor is to ensure transmission at a higher rate with lower noise generation. These motors function through the interaction between the motor's magnetic field and electric current in a wire winding to generate force in the form of rotation of a shaft. Electric motors can be powered by direct current (DC) sources or by alternating current (AC) sources such as a power grid, inverters or electrical generators.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for the high-speed motor is fragmented with the presence of many players. Leading players can adopt strategies like a merger, acquisition, expansion, new product launch, in order to gain share within the market. Owing to booming industrialization & urbanization, there are growing prospects for new players to enter the market.The Manufacturers having a strong hold in the market are General Electric, Siemens AG, ABB, and Mitsubishi Electric Corporation. Analyst at AMA Research estimates that Asian and European Manufacturers will contribute the maximum growth to Global High Speed Motor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric (United States), Siemens AG (Germany), ABB (Switzerland), Mitsubishi Electric Corporation (Japan), Hitachi, Ltd. (Japan), Toshiba Corporation (Japan), Fuji Electric Co., Ltd. (Japan), Synchrony (United States), Emerson Electric Co. (United States) and Bosch Rexroth AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Meidensha Corporation (Japan), MENZEL (Germany), Alfred Jäger GmbH (Germany), Nidec Corporation (Japan) and Jing-Jin Electric Technologies Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global High Speed Motor market by Type (Synchronous Motors, Asynchronous Motors, Stepper and Others), Application (Machine Tools, Power Generation, Compressor, Bearings and Others) and Region.
On the basis of geography, the market of High Speed Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Current Type, the sub-segment i.e. Alternate Current will boost the High Speed Motor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Phase, the sub-segment i.e. Single will boost the High Speed Motor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless steel will boost the High Speed Motor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of High-Speed Motors in Milling and Mining Centres
Market Growth Drivers:
Increasing Demand for High-Speed Motors Owing To Need for Speed Engines in Power Generation Industries, Growing Demand for High-Speed Motors in Gas Compressors in Oil and Gas Industry and Increasing use of High-Speed Motors as a Replacement for Gearboxes and Associated Conventional Motors
Challenges:
High-Speed Motors Designs are Very Complex
Restraints:
High Maintenance Costs Associated with High-Speed Motor
Opportunities:
Growing Use of High-Speed Motors in Manufacturing Industries as it Reduces Cycle Time of any Mechanized Process and Increasing Demand for Power Density in Various Industries Leads to the Growth in High-Speed Motors
Market Leaders and their expansionary development strategies
In March 2021, Arnold Magnetic Technologies Corporation a subsidiary of Compass Diversified and leading global manufacturer of high-performance magnets, magnetic assemblies, precision thin metals and highly loaded composites has acquired Ramco Electric Motors, Inc. (“Ramco”), manufacturer of stators, rotors, and full electric motors.
In December 2019, ams AG, designs and manufactures high-performance sensor solutions launched the first inductive position sensor for high-speed, automotive and industrial electric motors to be available as a standard product in the market. This rotor position sensing solutions based on the AS5715 can match the accuracy and latency of resolvers widely used in high-speed motor applications while providing substantial savings in bill-of-materials cost, size, and weight.
Key Target Audience
High-Speed Motor Manufacturers, New Entrants/Investors, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.