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High Speed Motors Market Size to Grow USD 21.7 Billion by 2032 at a CAGR of 5.7% | Valuates Reports

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3 months ago

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BANGALORE, India, June 27, 2024 /PRNewswire/ — High Speed Motors Market is Segmented by Product (Induction Motor, Permanent Magnet Motor, Others), By Power Range (High Voltage, Low Voltage), By Application (Machine Tools, Power Generation, Compressor, Bearings, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

According to a new report published by, titled, “High Speed Motors Market,” The high speed motors market was valued at USD 12.6 Billion in 2022, and is estimated to reach USD 21.7 Billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

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Major Factors Driving the Growth of High Speed Motors Market:

The market for high-speed motors is expanding due to growing demand in a number of industries, including manufacturing, aerospace, and automotive, where performance and efficiency are crucial. Improvements in cooling systems and materials, along with other advances in motor technology, have greatly increased these motors’ speed and longevity. High-speed motors that provide better performance with less energy consumption are also being adopted by industries due to the increasing focus on energy efficiency and the stricter emission laws. This need is further fueled by the growth of automation and robotics, as high-speed motors are crucial parts of these systems that enable accurate and dependable operation.

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TRENDS INFLUENCING THE GROWTH OF THE HIGH SPEED MOTORS MARKET:

The market for high-speed motors is expanding due to growing demand in a number of industries, including manufacturing, aerospace, and automotive, where performance and efficiency are crucial. Improvements in cooling systems and materials, along with other advances in motor technology, have greatly increased these motors’ speed and longevity. High-speed motors that provide better performance with less energy consumption are also being adopted by industries due to the increasing focus on energy efficiency and the stricter emission laws. This need is further fueled by the growth of automation and robotics, as high-speed motors are crucial parts of these systems that enable accurate and dependable operation.

The market for high-speed motors is significantly influenced by the usage of permanent magnet motors in high voltage power range machine tools. High-performance machine tools require motors with great efficiency, precision, and power density, which permanent magnet motors provide. These motors provide machine tools the speed and accuracy boost they need to run at higher levels of sophistication, which is crucial for modern industrial processes like CNC machining, milling, and lathing. Permanent magnet motors are perfect for demanding industrial applications since they can continue to operate consistently even under high load situations. Permanent magnet motors are expected to become more in demand as a result of industries like electronics, aerospace, and automotive adopting high-speed, high-precision machining tools to improve productivity and product quality. This will fuel the growth of high-speed motors.

The demand for high-speed motors is also being driven by the rise in industrial automation. Manufacturing and other industrial sectors are adopting automation technology more frequently in order to increase output, accuracy, and operational efficiency. Because of their exceptional performance, dependability, and ability to offer precise control, high-speed motors are essential to automated systems. This demand is especially being driven by industries that largely rely on automation, such electronics, aerospace, and the automobile sector. The demand for high-speed motors is further increased by the continued trend towards smart manufacturing and the incorporation of sophisticated robotics and automated systems, which is driving market expansion.

The market for high-speed motors is expanding thanks in large part to the HVAC (Heating, Ventilation, and Air Conditioning) sector. High-speed motors are vital parts of HVAC systems because they supply compressors, air handling units, and other crucial parts with the power and efficiency they need. The need for modern HVAC solutions is driven by the need for energy-efficient building systems, urbanization, and an increase in construction activity. In these systems, high-speed motors aid in meeting the necessary performance and energy efficiency requirements. High-speed motor demand is predicted to increase in tandem with the HVAC industry’s continued expansion, especially in emerging economies, hence bolstering market expansion.

The market is growing significantly because high-speed motors are being adopted by the automobile sector more and more. These motors are found in many different parts of electric and hybrid cars, such as compressors, auxiliary systems, and powertrains. More and more people are choosing to drive electric vehicles (EVs), which means that high-speed, efficient motors are needed to increase vehicle performance and range. Furthermore, cars with high-speed motors have lower total weight and better energy efficiency. The need for high-speed motors is predicted to rise significantly as the automotive sector continues to shift toward electric and hybrid vehicles.

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HIGH SPEED MOTORS MARKET SHARE

In the near future, permanent magnet motors are expected to dominate market growth, expanding at a faster CAGR of 6.0%. This can be explained by the fact that they are frequently utilized in hybrid or direct-drive (wheel-drive) electric vehicles (EVs) due to their high power density and efficiency. Auxiliary power units and electric propulsion systems in aircraft are two more uses for high-speed permanent magnet motors.

Over the projection period, the low voltage category is expected to develop at a higher CAGR of 6.0%. Opportunities for expansion arise from the growing use of low voltage high speed motors in consumer electronics. The demand for low voltage high speed motors is driven by the advancement of medical technology and precise devices.

During the projected years, the compressor sector is anticipated to dominate the growth of the high-speed motors market. High speed air compressors have prospects as industrial automation and pneumatic systems continue to increase. High speed turbochargers become more important as engine efficiency becomes a priority for the automobile industry.

Throughout the forecast period, North America is anticipated to lead the growth of the high-speed motors market. The demand for high speed motors to power robots, conveyor systems, and other automated equipment is driven by the development of automation in numerous industries.

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Key Companies:

ABB LtdGeneral ElectricNidecSiemens AGEmerson ElectricMeidensha CorporationMitsubishi ElectricHitachiToshiba CorporationTurbo Power Systems Limited

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Automotive High-Speed Motor market is projected to reach USD 6326.2 Million in 2029, increasing from USD 1573 Million in 2022, with a CAGR of 23.1% during the period of 2023 to 2029.

–  High Speed Hydraulic Motors Market

–  The global market for Powertrain Testing was estimated to be worth USD 3056.3 Million in 2023 and is forecast to a readjusted size of USD 4511.2 Million by 2030 with a CAGR of 5.3% during the forecast period 2024-2030.

–  Automotive Turbochargers market is projected to reach USD 37120 Million by 2030 from an estimated USD 20730 Million in 2024, at a CAGR of 10.2% during 2024 and 2030.

–  The global market for Stators and Rotors for High Speed Motor was estimated to be worth USD 1159.4 Million in 2023 and is forecast to a readjusted size of USD 1720.1 Million by 2030 with a CAGR of 5.6% during the forecast period 2024-2030.

–  High Speed Motor Stator Market

–  High Voltage Induction Motors market was valued at USD 21250 Million in 2023 and is anticipated to reach USD 28090 Million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.

–  Marine High Speed Motor Oil Market

–  Electric Bike Market by Product, Drive Mechanism, and Battery Type: Opportunity Analysis and Industry Forecast, 2020–2030,” the global E-bikes market was valued at USD 40.3 Billion in 2019, and is projected to reach USD 118.6 Billion by 2030, registering a CAGR of 10.5% from 2020 to 2030.

–  Industrial Smart Motor Market

–  Automotive Induction Motor Market

–  High-Efficiency Low-Voltage Motor Market

–  Electric Truck Motor Market

–  High Speed Blender Market

–  High Speed Linear Module Market

–  General Purpose Engines Market was estimated to be worth USD 9216 Million in 2023 and is forecast to a readjusted size of USD 10918 Million by 2030 with a CAGR of 2.09% during the forecast period 2024-2030.

–  High Speed Spindle market was valued at USD 1166 Million in 2023 and is anticipated to reach USD 1591.4 Million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.

–  Coaxial Gear Motors Market

–  The global electric vehicle market size was valued at USD 163.01 billion in 2020, and is projected to reach USD 823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030.

–  High-Speed Linear Actuator Market

–  Low-Speed Synchronous Motors Market

–  Locomotive Traction Motors market is projected to reach USD 3612.8 Million in 2029, increasing from USD 2159.3 Million in 2022, with a CAGR of 7.6% during the period of 2023 to 2029.

–  High Efficiency Low Voltage Aluminum Motor Market revenue was USD 2959.5 Million in 2022 and is forecast to a readjusted size of USD 3828.1 Million by 2029 with a CAGR of 3.7% during the forecast period (2023-2029).

–  High Speed Winding Machine Market

–  The Bullet Train Market is expected to experience a significant growth rate of 6.27% from 2022-2031.

–  High Speed Precision Electric Spindle market was valued at USD 451 Million in 2023 and is anticipated to reach USD 590.9 Million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.

–  NEMA Motors Market

–  Electric Motor Market

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Technology

Automotive Seat Heater Market to Reach $5.5 Billion, Globally, by 2033 at 6% CAGR: Allied Market Research

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28 mins ago

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September 20, 2024

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Key factors contributing to the growth of the automotive heat seater market include advancements in heating technology, such as the integration of more efficient heating elements and improved temperature control systems.

WILMINGTON, Del., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive seat heater Market by Type (Carbon Heater and Composite Heater), Vehicle Type (Passenger Cars and Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the automotive seat heater market was valued at $3.1 billion in 2023, and is estimated to reach $5.5 billion by 2033, growing at a CAGR of 6% from 2024 to 2033.

The global automotive seat heaters market is driven by increased demand for comfort and customization. As increasing numbers of individuals utilize the roads, the number of affordable vehicles available in recent years has skyrocketed. As a result, there is a greater need for vehicles with interiors that are both visually appealing and practical. The market for vehicle interior materials is being driven by rising consumer demand for customization and technical developments across the industry. In response to client demand, companies are now offering customization choices for creating modern interiors. Consumers increasing health consciousness is also driving the development of environmentally friendly automotive interior materials that contribute to increased comfort. 

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Prime determinants of growth 

The growing level of competition in the automotive industry is a primary driver of the automotive seat heater market’s expansion. Furthermore, improving consumer affordability, rising consumer income, and the availability of easy financing to purchase a vehicle are all driving forces in the global automobile sector. Furthermore, expansion in the automobile industry causes growth in the global market. Rising popularity of carbon fiber technology, rising demand for comfort and energy efficiency in vehicles, and rising preferences for high-end passenger cars are some of the major and insightful factors that will most likely drive the growth of the automotive seat heater market during the forecast period. The health benefits, such as reduction from discomfort backs and rapid warming, are driving market expansion. The expanding aftermarket sales of car seat heaters are driving the market forward.

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By Type 

The carbon heater segment is expected to grow faster throughout the forecast period.

The carbon heater segment is anticipated to experience faster growth in the automotive seat heater market. Carbon fiber meshed weave heating pads will remain the largest market segment as this type of seat heater ensures good strength and requires very low voltage to produce heat. a growing preference for energy-efficient and environmentally friendly components, aligning with the broader push towards sustainable automotive solutions. The integration of advanced technologies, such as automatic climate control systems that adjust seat heating based on ambient temperature and individual preferences, is becoming increasingly popular.  

By Vehicle Type

The passenger car segment is expected to grow faster throughout the forecast period.

The passenger car segment is anticipated to experience growth in the automotive seat heater market. The increasing expenditure on passenger and driver comfort. The development of premium features and the surge in passenger vehicle numbers in Europe and North America significantly contribute to this growth. Additionally, there is a rising demand for SUVs and luxury vehicles in emerging markets. Automotive manufacturers are continuously innovating electronic technologies, which create new opportunities for the application of heated seats in passenger cars. This trend is further bolstered by the emphasis on enhancing vehicle comfort and the integration of advanced climate control systems. 

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By Sales Channel

The aftermarket segment is expected to grow faster throughout the forecast period.

The aftermarket segment is anticipated to experience growth in the automotive seat heater market. One of the standardization of temperature control seats in various mid-range and high-end vehicles is helping the OEM section of the automobile seat heater industry. Seat heater replacement rates are predicted to rise due to excessive wear and tear, as well as changing climatic circumstances in cold locations, driving up aftermarket sales. When compared to OEM products, aftermarket products are more cost-effective. Furthermore, owners of vehicles without seat heaters add this equipment in the aftermarket, which boosts seat heater aftermarket sales.

By Region

Europe to maintain its dominance by 2033.

Europe is expected to maintain its dominance in the automotive heat seater market by 2033 owing to robust industrialization, infrastructural development, and growing investments in automotive and manufacturing sectors. has witnessed a surge in the popularity and necessity of automotive seat heaters. As the nation’s economy expands and consumer prosperity grows, there is a corresponding increase in the demand for vehicles equipped with advanced comfort amenities. Once considered a luxury, seat heaters are now becoming more accessible to a wider demographic, fueling their adoption among consumers.

Europe will maintain its pivotal role as a significant market for automotive seat heaters. This is primarily due to the increasing demand from end users who prioritize cabin comfort, especially in the winter months. Seat heaters are favored for their ability to significantly enhance occupant comfort during this season.

Players: –

Continental AGPanasonic CorporationGentherm IncorporatedII-VI IncorporatedRoadwire LLCRostra Precision Controls Inc.Firsten Automotive Electronics Co., Ltd.Guangzhou Tachibana Electronic Co., Ltd.SINOMASChampion Auto Systems

The report provides a detailed analysis of these key players in the global automotive seat heater market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Industry News

In August 2020, Lear and Gentherm introduced INTU™ Thermal Comfort Seating with ClimateSense™ Technology.

For More In-depth Insights: https://www.alliedmarketresearch.com/automotive-seat-heater-market-A323768

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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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/R E P E A T — MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement/

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29 mins ago

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September 20, 2024

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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Olink Proteomics Announces the ‘Olink Proteomics World’ Virtual Conference: A Novel Platform Exploring the Latest Advancements in Proteomics and Proteogenomics

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29 mins ago

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September 20, 2024

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The ‘Olink Proteomics World’ Virtual Conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation on September 26th, 2024.

WALTHAM, Mass., Sept. 20, 2024 /PRNewswire-PRWeb/ — Olink Proteomics, part of Thermo Fisher Scientific, a leading provider of advances proteomics solutions, is exited to announce its upcoming virtual conference, Olink Proteomics World, on September 26th, 2024.

The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

This innovative virtual conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation. The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

Our lineup of esteemed presenters will cover a wide range of topics, including:

The Aged Tumor Microenvironment: Understanding how aging influences the tumor microenvironment and its implications for cancer therapy.Infectious Diseases Dynamics: Unravelling how proteomics can enhance our understanding and management of infectious diseases.Alzheimer’s Diagnostics and Disease Monitoring: Exploring the latest tools and biomarkers for early detection and monitoring of Alzheimer’s disease.Aging Mechanisms: Insights into the biological processes of aging and how they can inform healthcare strategies.Predicting Disease Risks: Utilizing multiomics data to forecast disease risks and improve preventive measures.Genetics and Proteomics of Obesity: Investigating the complex interplay between genetics, proteomics, and obesity.Microbiome Transplantation Effects: Evaluating the impact of faecal transplants on human health and disease.Biomarker Discovery in Multiple Sclerosis: Cutting-edge research on identifying biomarkers for better diagnosis and treatment of Multiple Sclerosis.

In addition to these topics, our speakers will delve into various aspects of multiomics research, offering insights into how integrated approaches are shaping the future of personalized medicine and healthcare.

To see the full agenda and list of speakers for this event click here.

In addition to expert presentations, attendees can participate in interactive sessions, visit the digital poster hall, and engage in real-time Q&A sessions with speakers.

For further information about the event & to register for free, click here.

About Olink Proteomics
Olink’s mission is to accelerate proteomics together with the scientific community, to understand real-time biology and gain actionable insights into human health and disease. Our innovative solutions deliver highly sensitive and accurate protein quantification, giving scientists the power to investigate complex biological processes with precision.

About Labroots
Labroots is the leading scientific social networking website, & primary source for scientific trending news & premier educational virtual events & webinars & more. Contributing to the advancement of science through content sharing capabilities, Labroots is a powerful advocate in amplifying global networks & communities. Founded in 2008, Labroots emphasizes digital innovation in scientific collaboration & learning. Offering more than articles & webcasts that go beyond the mundane & explore the latest discoveries in the world of science, Labroots users can stay atop their field by gaining continuing education credits from a wide range of topics through their participation in the webinars & virtual events.

Media Contact

Akshay Masand, Labroots, 714-463-4673, akshay.masand@labroots.com, https://olink.com/ 

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