Technology

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

Published

6 months ago

June 27, 2024

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 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

First Resonance Secures Major Investment to Drive Digital Manufacturing with ION Factory OS

Published

26 minutes ago

December 23, 2024

Company Launches ION Marketplace for Application Developers and Integration Partners

LOS ANGELES, Dec. 23, 2024 /PRNewswire/ — First Resonance, a leader in digital manufacturing solutions, announced the successful close of its latest funding round, led by Third Prime, with support from Craft Ventures, Blue Bear Capital, and E12. This investment, which brings total funding raised to $32M, marks a critical step in advancing First Resonance’s ION Factory OS platform, introducing new levels of efficiency, responsiveness, and sustainability to manufacturing. The funding will fuel product development, expand customer support, and launch the ION Marketplace — a dynamic ecosystem for application developers and integration partners to build digital solutions on ION Factory OS.

Customer Success and Industry Traction

First Resonance’s ION Factory OS platform has seen rapid adoption across diverse industries as manufacturers turn to the platform to meet modern production demands with precision and agility. The platform is a critical enabler for leading companies building advanced aircraft, advancing towards FAA certification of electric aircraft; Saronic, innovating autonomous modular boats to support America’s evolving maritime needs; and Radiant Nuclear, designing and certifying micro-nuclear reactors to address defense and civilian energy requirements. First Resonance has also partnered with established firms like Blue Canyon Technologies (RTX Corporation) and several other Fortune 500 companies seeking to elevate their manufacturing capabilities through digital solutions.

“We are proud to partner with pioneering manufacturers to help drive the future of digital manufacturing,” said Karan Talati, CEO of First Resonance. “ION Factory OS is enabling our partners to tackle complex challenges with agility and digital intelligence. Our platform isn’t just technology; it’s a tool for industry resilience, leadership, and transformation to address today’s most critical societal challenges.”

Market Tailwinds and the Imperative for Digital Transformation

The industrial landscape is at a pivotal juncture, with rising labor costs, increasing global competition, and the need for resilience underscoring the importance of digitization. As initiatives like the Inflation Reduction Act (IRA) and U.S. defense procurement priorities prompt a shift towards more agile, adaptable manufacturing, First Resonance is poised to meet these demands with solutions that accelerate automation and increase productivity.

Mr. Talati continued, “When we founded First Resonance in 2019, we anticipated the demand for more responsive, tech-enabled manufacturing. This vision is now a reality, validated by market trends and increasing customer demand across sectors.”

New Investment to Accelerate Digital Manufacturing

This recent funding round, led by Third Prime, reflects growing investor confidence in the future of manufacturing technology and the ION Factory OS platform. With participation from existing investors Craft Ventures and Blue Bear Capital, along with new investors Fortitude, Emerson Ventures, and E12, the investment underscores the venture community’s commitment to innovation in manufacturing and its potential for transformative impact.

“First Resonance’s track record of rapid customer adoption and their forward-thinking approach in launching the ION Marketplace position them as a leader at the forefront of the digital manufacturing revolution. We believe in their vision to bridge traditional manufacturing with cutting-edge technology and their unique market approach in helping companies tackle national security and the energy transition,” said Third Prime General Partner Mike Kim.

The Horizon: Introducing ION Marketplace and AI-Driven Manufacturing Workflows

First Resonance is further expanding its network of integration partners to bring digital solutions to a broader set of manufacturers, connecting the industrial base with the transformative capabilities of ION Factory OS.

With the ION Marketplace, First Resonance is establishing a hub for developers, systems integrators, and software partners to create tailored applications that enhance manufacturing operations. The marketplace will empower manufacturers to customize their digital capabilities, aligning them with specific industry needs and operational goals. Launch partners such as Silkline, Hadrian, and Duro already offer innovative solutions on the ION Factory platform, and the ION Marketplace ecosystem is open to additional developers. Application developers and integration partners are invited to sign up to list their solutions on the ION Marketplace starting today.

“Our initial launch partners and the success our customers are experiencing with their solutions validate our approach in opening up the ION Marketplace to more integration partners, as well as developers who want to build solutions for manufacturers using the data on the ION platform, providing a streamlined UX for the end-customer,” said First Resonance’s Head of Product, Manav Sanghvi.

Additionally, First Resonance is accelerating its development of AI-driven manufacturing workflows, providing customers with proactive, integrated AI capabilities that streamline operations and reduce redundant tasks. Unlike standalone AI models, First Resonance’s approach embeds intelligent automation into day-to-day workflows, enhancing productivity and responsiveness.

“AI for manufacturing goes beyond isolated models—it’s about embedding intelligence into workflows that advance operations seamlessly,” Mr. Talati noted. “With secure, proactive AI workflows, First Resonance is leading the transformation of the manufacturing industry.”

This funding will enable First Resonance to deepen customer support and enhance platform reliability while fueling continued product innovation.

About First Resonance

Founded in 2019, First Resonance is redefining manufacturing for the 21st century with ION Factory OS, a platform that enables global manufacturers to operate with agility, efficiency, and digital intelligence. Supporting over 50 manufacturers globally, the ION Factory OS empowers manufacturers across aviation, defense, energy, and more. With support from its investors and integration partners, First Resonance is committed to shaping the future of manufacturing technology and driving a safer, more sustainable industrial landscape.

For more information and to explore the ION Marketplace, please visit https://www.firstresonance.io/.

For press inquiries please contact: press@firstresonance.io

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SOURCE First Resonance

Technology

Cineverse Launches Verse Karaoke

Published

26 minutes ago

December 23, 2024

First Available on Smart TVs, New Experiential and Interactive Music Service Brings A Fresh Approach to Karaoke at Home

LOS ANGELES, Dec. 23, 2024 /PRNewswire/ — Cineverse (NASDAQ: CNVS), a next-gen entertainment studio, today announces the launch of an innovative, new connected TV app powered by the Company’s industry-leading Matchpoint™ technology – Verse Karaoke. The app caters to fans of all genres of music and is launching first as a free ad-supported video-on-demand (AVOD) app on Smart TVs. The service will also be available on the web at www.versekaraoke.com and additional distribution will be announced in the coming months.

Verse Karaoke is designed to be an interactive, musical experience that brings the fun karaoke experience into living rooms. Verse Karaoke combines the power of a professional Karaoke machine with Matchpoint, Cineverse’s proprietary streaming technology. Verse enhances the traditional karaoke experience by integrating Smart TV functionality and leverages Matchpoint’s robust personalization capabilities for a more engaging and user-friendly experience. While one participant sings, others can seamlessly browse and search the extensive karaoke catalog by scanning a QR code with a smartphone. Additionally, Verse provides access to full song lyrics for all tracks, allowing participants to review and rehearse songs beforehand. The app also features improved song lyric video playback to offer a much more engaging full-screen video experience.

In partnership with Digitrax Entertainment, Inc., a leading producer of music for karaoke, the Verse Karaoke app includes access to decades of fully licensed hit songs in nearly every genre with new songs added weekly.

“Although karaoke apps have been available for decades, nobody has truly optimized the karaoke experience to suit the capabilities of today’s Smart TVs. Music is a popular form of family entertainment, so it was important for to us to improve the home karaoke experience by utilizing the advanced technology available to us,” said Tony Huidor, Chief Operating Officer & Chief Technology Officer of Cineverse. “We have expanded the capabilities of our Matchpoint Blueprint platform to bring an improved karaoke experience to market as we look to redefine how music fans interact with karaoke music in their homes and autos.”

“Having been immersed in the karaoke industry since 1987 and with over 30 years of experience recording karaoke tracks, I can confidently say that Verse Karaoke is the most innovative and exciting development I’ve ever witnessed in the industry,” stated Joe Vangieri CEO of DigiTrax Entertainment.

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women’s entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

For more information, visit home.cineverse.com.

ABOUT DIGITRAX ENTERTAINMENT, INC.

DigiTrax Entertainment is a leading music production company with over 30 years of experience in the industry. Dedicated to delivering high-quality entertainment solutions, the company utilizes advanced technology to enhance singing experiences for audiences worldwide.

Press Contacts:

Cineverse

For Media
The Lippin Group, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

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SOURCE Cineverse Corp.

Technology

LINDA YACCARINO, CEO OF X CORP, TO KEYNOTE CES 2025

Published

26 minutes ago

December 23, 2024

ARLINGTON, Va., Dec. 23, 2024 /PRNewswire/ — The Consumer Technology Association (CTA)® welcomes Linda Yaccarino, CEO, X Corp, the world’s largest online news and social networking site, as a keynote speaker at CES® 2025. Yaccarino will join Emmy Award-winning investigative journalist Catherine Herridge in a keynote conversation on Tuesday, January 7, at 1:30 PM in the Palazzo Ballroom at the Venetian.

A transformative leader and visionary, Yaccarino is making waves as CEO of X Corp, where she is at the forefront of defining the future of digital communication. Under her leadership, X evolved into a dynamic platform fostering global conversations and innovative solutions for brands, creators, and communities alike.

“X is the global newsroom in your pocket. It’s the only real place for free dialogue between everyone–the public and the powerful,” said Yaccarino. “CES is the perfect place to share how we’re completely reshaping the entire ecosystem.”

“Linda’s career exemplifies the spirit of CES—innovation, resilience, and vision,” said Gary Shapiro, CEO, CTA. “Her leadership and contributions to the media and tech world makes her uniquely suited to inspire and challenge our audience to think boldly about the future.”

“Linda is a trailblazer and her keynote at CES 2025 will undoubtedly spark meaningful conversations about the evolving landscape of content creation, social platforms, and how technology empowers creators and communities to thrive,” said Kinsey Fabrizio, President, CTA.

Catherine Herridge will interview Yaccarino. Herridge, formerly with CBS News, is an independent journalist with a growing audience of more than 850,000 on X. She is a strong advocate for the First Amendment and a free press.

The keynote will be streamed on Live.CES.Tech, X, Facebook, YouTube, and LinkedIn.

X Corp joins Panasonic Holdings, NVIDIA, Accenture, Volvo Group, Delta, and Waymo on the CES 2025 Keynote lineup. Register now for CES 2025. Details and programming available at CES.tech.

About CES®:
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA)®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.

About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.

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