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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