Global high speed motors market was valued at 10878 Million US$ in 2019 and is projected to reach 13955 Million US$ by 2025
High speed motors usually refer to motors with speeds exceeding 10000r / min. High-speed motors have high speed and small size. Compared with ordinary motors, they have high power density, high transmission efficiency, low noise, and fast dynamic response. High-speed motors are used in a wide range of applications, and motors exist in the fields of industry, agriculture, national defense, machinery and equipment, and household appliances. With the continuous and stable development of the global economy, the market size of various fields such as industry and agriculture has continued to grow, and the demand for high-speed motors has continued to rise.
Global high speed motors market
was valued at 10878 Million US$ in 2019 and is projected to reach 13955 Million US$ by 2025, at a CAGR of 4.24% during the forecast period. In 2018, of the total sales of hardware, software and peripherals for high-speed motor systems worldwide, the combined market share of Europe, the Middle East, and Africa was 37%; the market share of Japan was 25%; and the market share of North America was 19%; China ’s market share is 13%. Except Japan and China, Asia ’s share is 5%, and Latin America ’s share is 1%. Among the global high speed motor companies, Germany's Siemens, Sweden's ABB, France's Leroy-Somer, and Britain's Brook Crompton are in a leading position in the international market.
The speed of high-speed motors is an important factor in improving product performance, but it is more difficult to achieve a breakthrough in speed. Because increasing the speed will increase the centrifugal force generated by the high-speed motor, the rotor of one of its main components needs to be made of a higher strength material. At the same time, high-speed motor products also require higher strength protection devices, which places high demands on the materials and manufacturing processes used by enterprises. With the advancement of science and technology, the performance requirements of high-speed motors in the fields of biological engineering, medical equipment, machine tool industry, aerospace and other fields continue to increase, and the global high-speed motor industry still faces challenges in increasing the speed. Driven by environmental protection and energy conservation and emission reduction policies, the market demand for high-efficiency and energy-saving high-speed motors is rising. The technology upgrade in downstream application fields has also increased the requirements for high-efficiency, professional, and integration of high-speed motors. The high-speed motor industry also needs to continuously increase research and development and innovation to improve product technology.