High Speed Motor Market Highlights
The
global High-speed motor market is expected to experience immense opportunities
over the forecast period with the use of variable frequency drive. The motor
system are responsible for more than 65% of energy consumption. To minimize
power consumption, the motor control system must be installed with variable
frequency drives, which reduces the energy consumption. The High-speed motor
with variable frequency drive will result in lower energy consumption. Many
manufacturers are adopting the use of variable frequency drive to optimize the
cost of production. If the variable frequency drive is not installed with
High-speed motor, then the speed control is quite difficult. To optimize the
cost and control the speed of motor, High-speed motor with VFDs is expected to
boost the market in future.
High Speed Motor Industry Segmentation
Based
on types of product, the market has been segmented as induction motor,
permanent magnet motor and others. Amongst this, the induction motor segment is
expected to dominate the growth of the market. The induction motor has two
parts namely, a stator and a rotor. The rotor produces the final torque or
output of the machine and the stator has electrical windings, which have an
alternating current (AC) supplied to it. The high-speed induction motors are
used extensively for applications that require the utilization of grinding and milling
machines. One of the major concerns is
the efficiency of high-speed induction motors. The efficiency of low-speed
electric motors is generally higher. Therefore, making a more efficient
high-speed motor is necessary to compete in the market.
By
application, the market has been segmented as machine tools, power generation,
compressor, bearings and other. The power generation segment is expected to
dominate the market. The induction generators use the principles of induction
motors for producing power. These
generators function by turning their rotors faster than synchronous speed. Asynchronous motor is also being used as a
generator, without any internal modifications. Induction generators can recover
energy with relatively simple controls and are therefore useful in applications
such as mini-hydropower plants, wind turbines, or in reducing high-pressure gas
streams to lower pressure.
Regional Outlook
The global report for High-Speed
Motor Market Research has been categorized in the
region of North America, Asia Pacific, Europe and Rest of the World.
Asia Pacific region is
expected to dominate the growth of global High-speed motor market over the
forecast period. With the government seeking infrastructural developments in
this region there is immense scope of growth of the high-speed motor market
during the forecast period. Rapidly
rising commercial development combined with favorable government policies
regarding FDI, the region is poised for significant investment for major
manufacturers in the coming years. 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 LTI motion (Germany),
Turbo power systems (U.K.), Regal Beloit (U.S.), SKF magnetic mechatronics
(Sweden), and Danfoss Turbocor Compressors Inc. (U.S.). Fuji Electric Co., Ltd. (Japan), Synchrony (U.S.), Toshiba
Corporation (Japan), Nidec Motor Corporation (U.S.) and Meidensha Corporation
(Japan) are among others.
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