High Speed Motor Market to Reach USD 18.80 Billion by 2029 with a CAGR of 5.2%; Adoption of Low-Emission Vehicles to Project a Growth Course for Market

The global High Speed Motor Market size is projected to show strong growth by attaining USD 18.80 billion by 2030. Fortune Business Insights™ in its report titled “High Speed Motor Market Size, Share & COVID-19 Impact Analysis, By Type (AC Motor and DC Motor), By Rotational Speed (3,000 to 6,000 RPM, 6,000 to 10,000 RPM, 10,000 to 15,000 RPM, and Above 15,000 RPM) By Application (Industry Machinery, Aerospace & Transportation, Power Generation, Automotive, Household Appliances, Medical Equipment, and Others) and Regional Forecasts, 2022-2029” observes that the market size in 2021 stood at USD 12.57  billion and USD 13.16  billion in 2022. A high-speed motor is available in numerous configurations, segregated based on their uses and areas of application, to provide desired power ranges, speeds, and efficiencies for operation. Favorable government initiatives to install energy-efficient systems and diminish carbon footprint are set to propel market growth.

Expansion of Electrification Business by Hitachi Astemo to Strengthen Its Position in Electrification

In October 2022, Hitachi Astemo, a subsidiary of Hitachi Ltd. expanded its electrification business and will provide inverters and motors to JATCO, which will supply e-Axles to Nissan. Going forward, Hitachi Astemo will strengthen its position as a global leader in electrification, while further enhancing its global production bases.

Deployment of Automated Solutions by Market Players Helped in Stabilizing Market Growth

The COVID-19 pandemic has negatively impacted the growth of the High Speed Motor Market. However, the businesses had to counterbalance the losses by the pandemic. In March 2020, Emerson Electric announced the deployment of its automated solutions offerings according to the guidelines by the health agencies such as the U.S. Center for Disease Control (CDC) and the World Health Organization (WHO), and among others. The company wants to focus on essential services such as essential municipal and industrial infrastructure comprising many verticals such as manufacturing units for pharmaceuticals, power, refining, water and wastewater, medical supplies, energy, and many others.

Favorable Government Initiatives For The Installation To Propel Market Growth

Favorable government initiatives for the installation of energy-efficient systems and diminishing carbon footprints are expected to fuel the High Speed Motor Market growth. Carbon emissions lead to climate change, which can have severe repercussions for humans and the environment. Hence, various governments and organizations have been increasing their focus to deploy energy-efficient alternatives, which can significantly impact direct and indirect greenhouse gas (GHG) emissions and diminish carbon footprints.

Development of Enhanced High-Performance Motors by Market Players to Drive Market Share

The global High Speed Motor Market is considerably fragmented, with various players operating at the national, regional, and global levels. The key players in the global High Speed Motor Market significantly focus on developing high-performance motor systems with enhanced operational characteristics to fortify their foothold in the industry. Nidec Corporation is striving to expand itself by delivering its motors & other products for various applications successfully. In April 2021, the 100kW E-Axle model of traction motors of the company is set to be integrated into the new Aion Y electric vehicle model which will be launched by the China-based Guangzhou Automobile Group Co., Ltd.

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Notable Industry Development

• January 2022: Fuji Electric announced the establishment at the Tokyo Factory in Hino City, Tokyo named “Plant Systems Center”. The newly established Tokyo Factory to strengthen the plant system development and production system.

List of Key Companies Profiled in the Report:

• ABB (Switzerland)


• Hitachi (Japan)


• Nidec Corporation (Japan)


• Siemens (Germany)


• Meidensha Corporation (Japan)


• Regal Rexnord Corporation (U.S.)


• Toshiba International Corporation (U.S.)


• Mitsubishi Electric Corporation (Japan)


• Emerson Electric Corporation (U.S.)


• Fuji Electric Co., Ltd. (Japan)


• SKF Group (Sweden)


• Turbo Power Systems Limited (U.K.)


• Eaton Corporation (Ireland)

Further Report Findings

• The market in Asia Pacific is set to hold the largest part in the High Speed Motor Market share with the valuation of USD 4.66 billion in 2021. Increasing energy demand, establishing of new infrastructure, and the setup of different high-speed rail networks.


• North America is anticipated to have significant growth in the market due to infrastructure coupled with regular investments in heavy-duty industrial operations.

Table of Segmentation