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Global High Speed Motor Market to Grow at a CAGR of 8.70% During the Period 2022-2027, Driven by Applications in Multiple Sectors

According to a new report by EMR titled, ‘Global High Speed Motor Market Report and Forecast 2022-2027’, the global high speed motor market is expected to grow at a CAGR of 8.70% during the period 2022-2027, led by developments in technology.

The global high speed motor market is expected to be driven by uses of high speed across sectors and applications. North America, Europe and Asia are expected to be key markets.

Over the last few decades, the speed of rotating electric machines has been continually increasing; today, these speeds have touched hundreds of thousands of rpm. High-speed motors and drives can lead to high power density and compact design, benefitting a broad range of applications, including transportation, aerospace, and hand-held tools. A high-speed motor that is small in size, delivers high performance, is easy to operate and reliable, is considered ideal. Permanent Magnet Brushless Direct Current motors (PM BLDC) display efficiency in high-speed applications. PM BLDC motors are characterised by a comparatively simple design, high specific power, comparatively small dimensions, a low moment of inertia and appropriate dynamic properties.

Leading companies seek to offer advanced and innovative solutions. For example, in 2022, Hitachi, Ltd. developed a compact and high-power permanent magnet motor and its control technology, appropriate for expanding cruising range and vehicle interior space of electric vehicles. To achieve the compact and light-weight features, the company developed a new rotor that could reduce its vibration under a rotation speed that was tow times as fast as a traditional motor. The company fashioned a high-power (100 kW) and high-speed (22,000 rpm) motor and achieved both vibration reduction and 34% downsizing. Such solutions are expected to drive the global high speed motor market.

In 2020, Sulzer Pumps UK awarded GE Power Conversion a contract to supply motors for four water injection pumps to equip a future Floating Production Storage and Offloading (FPSO) vessel. The high power 8,000 kW, 2-pole motors would run at 3,600 rpm with a limitation of the starting current at 300% of nominal current, allowing the end user to optimize generator selection.

VASCAT offers high speed motors particularly designed for test rig applications. These motors with robust design and low inertia rotor cover wide speed and torque range up to 16000 rpm and 1070 Nm, in motoring as well as absorbing modes. The company offers comprehensive mechanical and electrical motor customization, which includes torque flange, trunnion mounting, accelerometer provision and blocking device, etc., with short delivery times. High-speed and high dynamic performance warranted by dynamometers and test benches is met by the company’s specifically fabricated range of ‘High Speed’ asynchronous vector motors.

High speed is often used in refrigerators, air conditioners, automobiles, ships, aerospace, and other products. Smaller electronic products including electric toothbrushes, cleansers, electric toys, massage instruments, beauty instruments, etc. also employ high-speed micro motors. Drives with high-speed motors are employed in a broad range of manufacturing industries, including car manufacturing, dentistry, machinery, model making, military, and in devices that produce electrical energy from biogas or steam.

Key Findings of the Report:

  • Multiple applications of high-speed motors across sectors are expected to drive the global high speed motor market. 
  • Advancements in technology and innovative solutions by leading companies are likely to boost market growth.
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Product, Construction, Application, Rotational Speed and Region:

  • By product, the market is segmented into AC Motors and DC Motors. 
  • By construction, the market is divided into Induction Motor and Permanent Magnet Motor.
  • By application, the market is classified into Industrial Machinery, Aerospace and Transportation, Power Generation, Automotive, Household Applications, and Others.
  • By rotational speed, the market is divided into 3000-6000 RPM, 6000-10,000 RPM, 10,000-15,000 RPM, and Above 15,000 RPM.
  • By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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