Market Research ReportDec 2, 2022

High Speed Motor Market

High Speed Motor Market Research Report: Size, Share, Trend Analysis Application (Machine Tools, Pump, Compressor, Others), Product (Induction Motor, Permanent Motor, Product_Others), Voltage (High Voltage, Low Voltage), End-User (Industrial, Commercial, HVAC) and By Region (North America, Europe, Asia Pacific, Middle East and Africa, Americas) - Growth Outlook & Industry Forecast To 2024

Vertical: EnPBase Year: 2018

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Executive Summary

High Speed Motor Market — Snapshot

Market Size (2018)
$12.55B
Projected (2024)
$15.90B
CAGR (2017–2024)
4.0%
Key Players
9+

The global high-speed motor market is expected to grow at 4.02% CAGR during the forecast period, 2018–2024. There has been an increase in government initiatives for electrical components development and a rise in demand for energy efficiency, which are likely to drive the global high-speed motor market during the forecast period.

The global high-speed motor market has been segmented based on product, voltage, application, end-use, and region. On the basis of voltage, the high-voltage motor segment accounted for the largest market share of 59.5% in 2018, with a value of USD 7,469.9 million; and is projected to grow at 4.22% CAGR during the forecast period. On the basis of product, the permanent magnet motor segment accounted for the largest market share of 54.6% in 2017, with a value of USD 6,850.0 million, which is projected to grow at the highest CAGR of 4.15%.

Key Insight

The High Speed Motor Market market is projected to grow at a CAGR of 4.0% from 2017 to 2024.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, Americas.
Market Segmentation: The market is analyzed across 4 segments: Machine Tools, Pump, Compressor, Others. Forecasts are provided for each segment from 2017 to 2024.
Competitive Landscape: 9 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

High Speed Motor Market — Growth Trajectory

High-speed motors refer to the motors, which have a rotation speed of over 1,500 rpm. High speed motors have high density, and high-power volume compared to traditional motors. Owing to their high speeds, the power density of the motors, is also high, and the power volume is lesser than ordinary motors. The use of high-speed motors ensures high transmission efficiency and reduced noise. The high-speed motor has small inertia and ensures a faster and more dynamic response. The various advantages of using such motors are decreased installation space for higher power and the elimination of gearboxes. These motors are used in machine tools, compressors, automotive components, and in the energy generating industry.

High Speed Motor Market — Growth Trajectory

Machine Tools

Pump

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

Application is broken down into: Machine Tools, Pump, Compressor, Others.
Product is broken down into: Induction Motor, Permanent Motor, Product_Others.
Voltage is broken down into: High Voltage, Low Voltage.
End-User is broken down into: Industrial, Commercial, HVAC.

Geographic Analysis

Regional market breakdown

North America market size reached $2.14B in 2017 and is projected to reach $2.86B by 2024, growing at a CAGR of 4.2%.
Europe market size reached $3.07B in 2017 and is projected to reach $3.96B by 2024, growing at a CAGR of 3.7%.

Asia Pacific market size reached $5.50B in 2017 and is projected to reach $7.34B by 2024, growing at a CAGR of 4.2%.
Middle East and Africa market size reached $842.10M in 2017 and is projected to reach $1.08B by 2024, growing at a CAGR of 3.6%.
Americas market size reached $2.66B in 2017 and is projected to reach $3.52B by 2024, growing at a CAGR of 4.1%.

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Research Methodology

High Speed Motor Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2024
Primary Interviews
150+

Research Process

Historical data (2017–2018) and forecast period (2018–2024)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)

Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

High Speed Motor Market — Competitive Analysis

The global high-speed motor market is characterized by the presence of many global, and local vendors. The market is highly competitive with all the players competing to gain a larger market share. Intense competition, rapid advances in technology, rising industrial automation, frequent changes in government policies, and environmental regulations are key factors that drive the market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to offer cost-efficient and high-quality products in order to survive and succeed in a competitive market.

The growth of the market vendors is dependent on the market conditions, government support, and industry development. The market players in high-speed motor market are taking steps to expand their presence. General Electric (US), Siemens AG (Germany), ABB (Switzerland), Mitsubishi Electric Corporation (Japan), Bosch Rexroth AG (Germany), Danfoss (Denmark), Regal (US), Keba (Austria), Turbo Power System Inc (UK), SKF (Sweden), Meidensha Corporation (Japan), Nidec Motor Corporation (US), Toshiba Corporation (Japan), Hitachi Industrial Equipment Systems Co. Ltd (Japan), and Fuji Electric Co. Ltd (Japan) are the key companies operating in the global high-speed motor market. These companies compete in terms of availability, quality, price, and technology. They primarily focus on the development of high-speed motors market. Although the international players are dominating the market, local players with small market shares have a presence. The international players may strengthen their presence in the market through acquisitions during the forecast period.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for High Speed Motor Market.

Regional Market Size (USD Mn)

Market estimates by geography (2024)

North America$2.86B

Europe$3.96B

Asia Pacific$7.34B

Middle East and Africa$1.08B

Americas$3.52B

USD Mn

InsightAsia Pacific leads with $7.34B by 2024, while North America is projected to grow fastest at a 4.2% CAGR.

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Regional Market Data

REGION	2017	2018	2024	CAGR	SHARE
North America	$2.14B	$2.54B	$2.86B	4.2%	15%
Europe	$3.07B	$3.58B	$3.96B	3.7%	21%
Asia Pacific	$5.50B	$6.52B	$7.34B	4.2%	39%
Middle East and Africa	$842.10M	$970.13M	$1.08B	3.6%	6%
Americas	$2.66B	$3.15B	$3.52B	4.1%	19%
Total	$14.22B	$16.77B	$18.76B	4.0%	100%

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Segment Revenue (2024)

Machine Tools

Pump

Compressor

Others

02457

Machine Tools33%
Pump33%
Compressor23%
Others10%

Total Market Size

$15.90B

Market by Segment (2024)

APPLICATION	REVENUE ($B)	GROWTH RATE	MARKET PENETRATION
Machine Tools	$6.26B	4.3%	33%
Pump	$6.17B	4.2%	33%
Compressor	$4.40B	4.1%	23%
Others	$1.92B	2.7%	10%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

High Speed Motor Market — Key Findings

Analytical insights on High Speed Motor Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The High Speed Motor Market market is projected to reach $15.90B by 2024, growing at 4.0% CAGR. The Machine Tools segment holds the largest share.

Market Dynamics

The global high-speed motor market is expected to witness high growth during the forecast period, owing to the factors such as oncreasing need for energy efficiency, rising use of high-speed motors in industries and favourable government initiatives. The high-speed motor is efficient than traditional motor, which is expected to drive the high-speed motor market. The rising use of Variable Frequency Drives (VFD) is the opportunity in marine high-speed motor market. However, the high cost of high-speed motors due to the need for high-quality motor elements, might hinder the growth of the market.

Market Drivers

There are various government programs and developments being initiated in terms of technological advancements in order to improve the energy efficiency of high-speed motors. In September 2016, Copper Development Association (CDA) partnered with Advanced Energy, US to sponsor the educational institutions for developing proper motor management techniques, which would result in substantial energy saving. The magnetic bearing technology with numerous advantages such as silent operation, lightweight, low start-up power drawn, reduced maintenance cost, and 49% energy saving is used in high-speed motors. This will result in the increased demand for high-speed motors in the forecast period. Improved energy efficiency is important in achieving economic and social goals in developing countries, including improved access to energy services, improved affordability of energy services, and the availability of resources for other expenditures, improving environmental sustainability, and economic development.

Government regulations regarding the use of such advanced technology enhances the energy efficiency of high-speed motors and enables their adoption. High-speed motors are mostly used in many industrial applications, including gas and air compressors, centrifugal compressors, blower compressors, and aeration blowers. It is also used in industries such as food and beverage, and pharmaceutical. Therefore, rising expansion of industrial and commercial sector in every vertical including oil and gas, aerospace, and mining, drives the need for energy efficiency across all segments, which is expected to drive the market during the forecast period.

Market Opportunities

Electric motor‐driven equipment such as refrigerators, pumps, fans, compressors, materials handling, materials processing, and facility HVAC systems use 16% of the total electricity used in industrial applications. Therefore, motor control systems are installed with the variable frequency drives (VFD), to minimize the power consumption. The installation of VFD with motors delivers improved load control, more efficiency, adjustable torque limit, and controlled acceleration. The use of VFD to control the speed of the motor will lower the cost of energy, improve system reliability, reduce maintenance cost, and other process controls. There are various applications that require accurate speed control. For example, in the semiconductor industry, VFDs are used with motors to improve the current flow. A few other applications of VFDs with high-speed motors are material handling, machining, and fabrication.

The use of VFDs, alone is not recommended as they slow down the machine speed, resulting in insufficient torque and poor cooling. However, VFDs can be used with high-speed motors to improve the torque. So, the use of VFDs with high-speed motors, to optimize the cost and the control of the motor speed, is expected to be an opportunity in the high-speed motor market, during the forecast period.

Market Restraints

High-speed motors operate at high rotational speed, which results in the high centrifugal forces on the rotor. Due to this, the materials used in the high-speed motor are extracted to their mechanical stress resistivity. Thus, high-quality elements are required in order to prevent failures of motor elements. But, the requirement of high-quality elements during the production of the high-speed motor adds to the manufacturing cost. Hence, the quality of the material plays a significant role in designing the cost of high-speed motor. The infrastructure required to perform these tests is highly complex and is not easily available in the market. Therefore, sometimes the related cost exceeds the cost incurred during the development process of a new motor element product line. Hence, the high cost of motors due to the requirement of high-quality motor elements, will hamper the market growth during the forecast period.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2024)

Value (USD Mn)

Machine Tools

Pump

Compressor

Others

Companies

Key companies profiled in High Speed Motor Market

Profiles of 103 companies operating in the High Speed Motor Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 103 of 103 companies

Meidensha

Meidensha Corporation

Energy & Power

Company Headquarters: Tokyo, Japan Founded: 1897 Workforce: ~8,995 Company Working: Meidensha Corporation (Meidensha), is a Japan-based diversified company with operations in energy, water management, information, communication, industrial systems, construction and maintenance of heavy electrical components, and semiconductor industries. The company is also engaged in manufacturing and marketing energy equipment for power generation, conservation, transmission, transformation, and distribution. It operates through three business segments, which are social infrastructure systems, industrial systems, and maintenance and servicing. High-speed motors are included under the company’s industrial systems segment. Meidensha operates in Japan, India, China, Indonesia, Korea, Malaysia, Singapore, the UK, Thailand, the US, and the UAE. The company’s manufacturing units are mainly located in Asia-Pacific, Europe, and the Middle East. Meidensha has 35 subsidiaries. Prime Meiden Ltd, Meiden America, Inc., and Meiden Chemical Co. Ltd, are its major subsidiaries. The company has 19 subsidiaries in Japan and 18 in overseas. This contributes to its wide geographical presence.

Company Headquarters: Gothenburg, Sweden Founded: 1907 Workforce: ~45,678 Company Working: SKF is a global leader in delivering technology for bearings and units, seals, mechatronics, services, and lubrication systems. In order to achieve breakthroughs in energy efficiency, friction reduction, and equipment longevity and reliability, the company operates through two business segments, which are industrial and automotive. High-speed motors fall under its industrial segment. The company provides industrial drives, heavy industrial machines, and special machinery, which cater to a wide range of end users, such as industries, aerospace, energy, railway, off-highway. SKF invests in research and development activities to develop advanced technology for almost every industry vertical. For instance, in 2017, the company spent 3.1% of its net sales on research and development. SKF has 51 subsidiaries. Lincoln Industrial Corporation, Kaydon Corporation, and SKF Economos GmbH are its key subsidiaries. The company has an extensive geographical presence in 130 countries across the globe with more than 17,000 distributors and manufacturing facilities in 24 countries.

NIDEC MOTOR CORPORATION

Energy & Power

Company Headquarters: Japan Founded: 2010 Workforce: ~340,000 Company Working: Nidec Motor Corporation manufactures products, such as AC motors, DC motors, generators, electronically commutated (EC) motors, servo motors, switched reluctance motor, and IIoT Wireless Equipment Monitoring system. These products are used in applications, such as agriculture, food & beverage, metal, mining, packaging, robotics, waste & water treatment, HVAC, oil & gas, and refrigeration. Nidec Motor Corporation offers its products through trusted brands, such as Control Techniques, Hurst Motors. Kato Engineering, Leroy-Somer, Merkle-Korff Industries, SR Drives, and US Motors. The company operates through four product categories, which are small precision motors, automotive, appliance, commercial and industrial products, electronic and optical components, machinery, and others. High-speed motors are included under its small precision motors and automotive, appliances, commercial and industrial products categories. Nidec Motor Corporation is closely associated with almost 300 group companies, worldwide. It operates in the US, Canada, Mexico, Colombia, Central America, Chile, Argentina, Uruguay, Paraguay, Peru, Bolivia, Ecuador, China, Australia, and New Zealand. The company’s research and development department efforts are aimed at developing world-class variable frequency drive technologies and custom-engineered elevator components. Nidec Motor Corporation has several subsidiaries including Nidec Electronics, Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, and Nidec Motors & Actuators. Honeywell International Inc., Parker Hannifin Corp, Rockwell Automation Inc., are a few of the competitors of the company.

Bosch Group

Company Global Headquarters: Germany Founded: 1886 Workforce: 286,084 Company Overview: Bosch Group is one of the leading global suppliers of technology and services. The company operates through four business segments—mobility solutions, consumer goods, industrial technology, and energy and building technology. The company comprises Robert Bosch GmbH and around 440 subsidiaries and regional companies in around 60 countries. One the subsidiaries of Bosch Group is Bosch Security Systems Inc. which was founded in 1968 and has around 1,200 employees. Bosch Security Systems Inc. has its wide product portfolio which includes intrusion detection, fire detection, video surveillance, and voice execution systems. It is a privately held company and has broadly segmented its operations in two segments: Bosch security & safety solutions and energy & building solutions. Bosch security systems segment offers a complete range of specialized services and products for standard or customized applications. The company operates in Mexico, the US, China, Germany, and Portugal and has distribution partners in more than 150 countries. It also caters to various industry verticals such as banking, retail, education, commercial, hospital, hotel, and transportation. The company develops and manufactures security systems in its own production facilities in Europe, the Americas, and Asia.

United States, North America

General El

General Electric Company

Equipment & Machinery

United States, North America

Wartsila

Energy & Power

Company Headquarters: Helsinki, Finland Founded: 1834 Workforce: ~ 17 800 employes Primary Industry: Industrial Machinery Manufacturing Specialties: High efficiency & low emission levels, Lifecycle power solutions and services, Environmental solutions, Energy solutions, Marine, Digital Transformation, LNG, Gas-based technology, Sustainable solutions, Energy efficiency, Services, Marine Solutions, and Energy storage Company Working: Wartsila, a global leader in innovative technologies and lifecycle solutions, plays a significant role in the generator market. The company provides advanced and sustainable solutions for power generation, particularly through its Wartsila Energy division. Wartsila's energy solutions cater to a wide range of sectors, offering products such as flexible power plants, energy storage systems, and lifecycle services, all aimed at optimizing energy efficiency and reducing environmental impact. A key aspect of Wartsila’s generator offerings is their ability to run on sustainable fuels, supporting decarbonization efforts while maintaining high economic performance for customers. This positions Wartsila as a frontrunner in providing environmentally responsible generator solutions that are both reliable and efficient. Wartsila's portfolio includes high-performance engines and integrated solutions that can power a variety of generator systems, offering flexible and reliable power generation for diverse industries. These solutions are designed to improve operational efficiency, reduce emissions, and support the transition to cleaner energy sources. The company’s focus on lifecycle services ensures that its generator solutions continue to perform at optimal levels throughout their operational life. Wartsila’s commitment to sustainability, innovation, and reliable power generation solidifies its position as a leader in the global generator market, helping customers meet their energy needs while reducing their environmental footprint.

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About the Author

Industrial Motors, Pumps, and Control Devices Research Team

Energy & Power · Industrial Motors, Pumps, and Control Devices

This report comes from Wantstats' energy team — analysts who spend their days tracking utility filings, generation capacity, and grid investment plans across markets most research glosses over. Every number here has been checked against our own databases and validated through conversations with people actually running these projects. This report specifically covers the Industrial Motors, Pumps, and Control Devices space within that portfolio.

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This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

High Speed Motor Market

High Speed Motor Market Research Report: Size, Share, Trend Analysis Application (Machine Tools, Pump, Compressor, Others), Product (Induction Motor, Permanent Motor, Product_Others), Voltage (High Voltage, Low Voltage), End-User (Industrial, Commercial, HVAC) and By Region (North America, Europe, Asia Pacific, Middle East and Africa, Americas) - Growth Outlook & Industry Forecast To 2024

Starting from

$4,950

High Speed Motor Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

High Speed Motor Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

High Speed Motor Market — Competitive Analysis

Regional Market Data

Segment Revenue (2024)

Segment Market Share

Market by Segment (2024)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

Market Value by Segment (2024)

About the Author

Industrial Motors, Pumps, and Control Devices Research Team

Market Performance Trend

High Speed Motor Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

High Speed Motor Market — Competitive Analysis

Regional Market Data

Segment Revenue (2024)

Segment Market Share

Market by Segment (2024)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

Market Value by Segment (2024)

About the Author

Industrial Motors, Pumps, and Control Devices Research Team

Save over 20% on
Annual Subscription

Save over 20% on
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