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Global High Speed Motor market will reach 530 million US$ by the end of 2025
Publisher: QYResearch
Published Date: 2018/12/13
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.
Europe occupied 37.58% of the consumption market in 2017. It is followed by Asia-Pacific and North America, which respectively account for around 32.98% and 19.25% of the global total industry.
High speed motor is widely used Machine Tools, Power Generation, Compressor and Other industry. Machine Tools are the largest application segment of high speed motor, with 38.18% market share in 2017.
For forecast, the global high speed motor would keep increasing with annual growth rate with 3-4%, and a little higher speed in China. We tend to believe that this industry still has a bright future, considering the current demand of high speed motor, as for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
The global High Speed Motor market is valued at 450 million US$ in 2017 and will reach 530 million US$ by the end of 2025, growing at a CAGR of 1.9% during 2018-2025.
This article was first released by QYResearch, if reproduced, please indicate the source.
- Posted on: 2018-12-12 23:35:07
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- Item ID: 15002103