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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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.
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Regional Outlook
Geographically, the global High speed motor market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has dominated the high speed motor market due to growing industrial sector. The government is seeking development in infrastructure due to which there will be immense scope for the growth of high speed motor. The government has taken various investment initiative to increase the efficiency of the motor. The rapid rising commercial development with favorable policies developed by the government regarding FDI, is expected to increase the demand for high speed motor. Additionally with government initiative in the form of ‘Make in India”, the scope of growth and development for the high-speed motor market in the Asia-Pacific region is immense during the forecast.
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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