New York, March 02, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the launch of the “High Speed Motors Market by Speed, Power Output, End User and Region – Global Forecast to 2028” report. – https://www. .reportlinker.com/p06036843/?utm_source=GNW
Industries such as construction, chemical and petrochemical, oil and gas, and utilities are also growing as a result in these regions. High-speed motors help achieve power reliability, which is crucial to support urbanization and industrialization leading to market growth.
The 1 to 2 MW segment, by output power, is expected to grow the fastest from 2022 to 2028.
The high speed motor market by power is classified into 4 segments namely 0.50–0.56 MW, 0.56–1 MW, 1–2 MW, 2–4 MW and above 4 MW . The 1-2MW segment is expected to be the largest and fastest growing high-speed motor market during the forecast period. High-speed motor generator sets of 1 to 2 MW are popular power sources for small-scale industrial loads and remote applications, especially in emerging economies. In addition, large hospitals, data centers and commercial facilities install multiple 1-2 MW units operating in parallel to support their large connected loads. The demand for these engines is high due to the increased demand for emergency backup generators from these sectors. This can drive the rapid growth of this segment.
• By speed, the 1000-1500 rpm segment is expected to dominate the market.
The 1000-1500 rpm, by speed, segment of the high-speed motor market is expected to hold the largest market share of the high-speed motor market during the forecast period. In industrialized countries with 60 Hz frequency power grids such as the USA, Canada, and South Korea, 1500–1800 rpm is the usual speed of motors used in power generation.
Also, these engines are commonly used in ships, boats and other marine applications for propulsion as well as auxiliary purposes. Hence, increasing demand from both the marine and power generation sectors is expected to drive the demand for these engines.
The power generation segment, by end user, is expected to be the fastest growing market from 2022 to 2028.
The end-user segments are classified as power generation, marine, railway, mining and oil & gas, construction, and others. Others include agriculture, defense and industrial end users.
The power generation segment is expected to grow at the highest CAGR in the high-speed motor market. In the power generation sector, the demand for high-speed motors is prominent due to their use in diesel and gas generator sets that provide standby or continuity. power supply to critical loads.
They act as emergency backup in the event of loss of grid supply, while supplementing intermittent renewable energy. Therefore, an increase in the demand for public services is expected to lead to the rapid growth of this segment.
Asia Pacific: The fastest growing region in the high-speed motor market.
Asia Pacific, driven by countries such as China, India, Japan, Bangladesh, and Australia, among others, is expected to be the largest regional high-speed motor market during the forecast period. world exports.
The region has also witnessed rapid economic development and urbanization, as well as the growth of the manufacturing and energy sectors. This had led to an increase in power generation capacity and maritime trade.
These factors encouraged the growth of the high speed motor market in the region.
Breakdown of the primaries:
In-depth interviews were conducted with various key industry participants, subject matter experts, C-level executives of key market players and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and to assess the future prospects of the market. . The distribution of primary interviews is as follows:
• By type of company: Level 1-35%, Level 2-40% and Level 3-25%
• By designation: Level C-25%, Director Level-30%, and Others-45%
By region: Asia Pacific-45%, North America-22%, Europe-15%, Middle East and Africa-12% and South America-6%
* Others include sales managers, engineers and regional managers.
Note: Tier 1 Company: Revenue > $5 billion, Tier 2 Company: Revenue between $50 million and $5 billion, and Tier 3 Company: Revenue < $50 million
The global high-speed motor market is dominated by a few major players with extensive regional presence and many local players. The major players in the high-speed engine market are Rolls Royce Holdings (UK), Volvo Penta (Sweden), Caterpillar (US), Cummins (US), and Man Energy Solutions (Germany).
Study coverage:
The report defines, describes and forecasts the High Speed Motors market by speed, power, end user and region. It also provides detailed qualitative and quantitative analysis of the market.
The report provides a comprehensive review of the major drivers, restraints, opportunities, and challenges of the market. It also covers several important aspects of the market, including competitive landscape analysis, market dynamics, market estimates in terms of value and volume, and future trends of the High Speed Motor market.
Key benefits of purchasing the report
1. The report identifies and addresses the key markets for high-speed motor sales, which would help equipment manufacturers and service providers to review demand growth.
2. The report helps system vendors understand the pulse of the market and provides information on drivers, restraints, opportunities, and challenges.
3. The report will help key players to better understand their competitors’ strategies and help them make better strategic decisions.
Read the full report: https://www.reportlinker.com/p06036843/?utm_source=GNW
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need, instantly, in one place.
__________________________
