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Global High Speed Motor Market Is 466.77 Million In 2018
Friday, 08 May, 2020
High speed motor usually refers to the motor with rotation speed over 10000 rpm. They have the following advantages: Due to their high speed, so the motor power density is high, and power volume is far less than ordinary motor, can effectively save material. Secondly, it is can be connected to the prime mover, cancelled the traditional retarding mechanism, high transmission efficiency, low noise. Also, due to the high speed motor moment of inertia is small, so the dynamic response is fast.

High speed motor usually refers to the motor with rotation speed over 10000 rpm. They have the following advantages: Due to their high speed, so the motor power density is high, and power volume is far less than ordinary motor, can effectively save material. Secondly, it is can be connected to the prime mover, cancelled the traditional retarding mechanism, high transmission efficiency, low noise. Also, due to the high speed motor moment of inertia is small, so the dynamic response is fast.

The global High speed motor market is expected to reach USD 544.3 million by 2024, growing at a CAGR of more than 2.52% from 466.77 million in 2018; the actual sales are about 34742 MW in 2018. Global Info Research analysis of the High speed motor market indicated that Asia Pacific would account for the highest consumption in 2024 as a result of huge market demanding.

The high speed motor is classified into the induction motor, permanent magnet motor and other motor according to the product type. As of 2018, induction motor segment dominates the market contributing more than 64% of the total market share, reach to 22487 MW while Permanent Magnet Motor is 10345 MW. high speed motor is major applied in machine tools, power generation, compressor and other industry, in 2018, demand for a machine tools occupied the largest market, with about 38% share, reach to 13170 MW, while power generation and other potential industry seen a faster growth in the last few years.

The high speed motor market is relative concentrated market; key players include GE, ABB, Mitsubishi, Siemens, Bosch Rexroth, Nidec, Meidensha, Hitachi, Jing-Jin Electric, Toshiba, Synchrony, Fuji Electric the revenue of top ten manufacturers accounts about 72% of the total revenue, in 2018. The high-end products mainly come from Europe and North America.