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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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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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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Reliable Link: Pioneering a New Era of Reliable Connectivity for Everything

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HONG KONG, Dec. 24, 2024 /PRNewswire/ — In this era where everything is connected, reliable communication networks have become more than just a service provided by operators; they are the key to linking the entire ecosystem of devices. Breaking down barriers between terminal equipments, allowing every corner and every device to be ‘reliably connected anytime, anywhere,’ is not only a technological breakthrough but also a beautiful vision for the future way of life. GrowthEase, in partnership with China Telecom, has brought together a top-tier team of communication technology experts to co-develop the “Reliable Link” project. Centered around the three core principles of “Reliability, Openness, and Ubiquity,” this project utilizes innovative communication technologies to integrate advanced cloud-network capabilities into various ubiquitous terminal devices such as drones, smart cameras, smart speakers, and smart locks. This aims to break the traditional constraints of terminal forms and capabilities, ushering in a new era of reliable communication connectivity. Leveraging the open capabilities provided by GSMA Open Gateway, and relying on the high-quality global network nodes deployed by NetEase Zhiqi and China Telecom, this project ensures end-to-end latency for audio and video calls remains within 200ms, guaranteeing 99.9% lag-free call experiences. Through highly reliable connectivity services, the project prioritizes the quality and security of connections and transmission in any environment, realizing “reliable connectivity anytime, anywhere” across all types of ubiquitous terminal devices.

Specifically, the Reliable Link project, through the Reliable-link AS platform and the Reliable-link applet, allows users to remotely control terminals like drones during a mobile voice call. For example, in the drone inspection scenario, Reliable Link can retrieve real-time flight routes, and with the Geofencing feature, set up electronic fences to ensure the drone stays within a safe area. When the drone detects a hazardous behavior, such as smoking, the system automatically triggers an alert and reports the location. Reliable Link combines VoLTE capabilities to initiate a video call to regional managers’ mobile phones, promptly pushing the alert information. Through Dev Loc verification and Location retrieval, the drone’s position is confirmed. Once the manager answers the video call, the QOD feature ensures high-quality video transmission, allowing the manager to issue control commands in real time through the call interface to control the drone’s flight. This not only ensures network reliability but also brings more efficient cross-terminal communication and smarter device management, making interactions between different devices smoother and more convenient, truly realizing “seamless connectivity” across ubiquitous terminal devices.

The Reliable Link Drone Communication Connectivity Project tightly integrates drones with the PaaS communication infrastructure, empowering drones with high-reliability, high-quality communication transmission capabilities. This drives upgrades and innovation in the drone industry, contributing to the prosperity of the low-altitude economy. Looking ahead, Reliable Link will continue to innovate and collaborate with ecosystem partners, establishing industry benchmarks. From connecting everything to empowering countless industries, the project aims to create a new landscape for reliable communication applications, enabling the thriving development of industries worldwide.

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SOURCE China Telecom

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BeyondTrucks Streamlines EDI Transaction Management Processes with Orderful Partnership

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BeyondTrucks and Orderful solution brings EDI workflow into an updated, intuitive and timesaving format for trucking companies

SAN MATEO, Calif., Dec. 23, 2024 /PRNewswire-PRWeb/ — BeyondTrucks, a transportation management system provider that delivers streamlined operations to private and specialty fleets through a connected and configurable platform, has announced a partnership with Orderful to embed their Electronic Data Interchange (EDI) Platform in the company’s multi-tenant SaaS Transportation Management System (TMS).

BeyondTrucks’ commitment to simplifying fleet operations aligns perfectly with Orderful’s mission to modernize EDI.

“EDI of the past is opaque, time-consuming, expensive and just simply outdated,” said Hans Galland, chief executive officer at BeyondTrucks. “Now with Orderful as our partner, our customers can elect to use the Orderful portal to manage EDI transactions in a rapid intuitive manner for all transactions and all trading partners. We are eliminating the need for a custom integration into BeyondTrucks with each and every partner.”

Embedded in the BeyondTrucks TMS, the Orderful EDI Platform seamlessly builds EDI connections between shippers and carriers by converting EDI data via an API. The integration provides users with real-time data synchronization, instant visibility, automated compliance checks, and intuitive error handling.

BeyondTrucks is also offering their fleet customers access to the Orderful portal for visibility into EDI data from shippers. The optional capability provides an interface where fleets can see when shippers make changes to load information but don’t communicate them or they are not passed through to the TMS. The carrier can then respond manually to avoid loads being missed or the shipper being poorly serviced.

“BeyondTrucks’ commitment to simplifying fleet operations aligns perfectly with Orderful’s mission to modernize EDI,” said Jonathan Kish, chief revenue officer at Orderful. “By embedding our platform, BeyondTrucks customers gain real-time visibility and faster connections, eliminating the headaches of traditional EDI and enabling them to operate more efficiently.”

The BeyondTrucks flexible, multi-tenant SaaS solution combines system integrations, proprietary modules, and adaptable configurations in a seamless platform to unify data and workflows for automation and optimization of fleet operations. Advanced capabilities of the cloud-based platform include order intake automation, smart load planning, dispatch communication, configurable driver workflows, and flexible automation of invoicing and driver payroll.

About Orderful

Orderful is the modern EDI Platform revolutionizing how logistics providers, retailers, manufacturers, and technology companies manage their EDI trading partnerships and transactions in real-time. Its simplified integrations, pre-connected network, and user-friendly self-service approach minimize errors with customers onboarding new partners. Orderful has been recognized as a best-in-class EDI provider by industry leaders like G2 and SourceForge. To learn more, visit https://www.orderful.com/.

About BeyondTrucks

San Francisco, California-based BeyondTrucks is the provider of a configurable and connected multi-tenant SaaS Transportation Management System (TMS). The SOC2-compliant software allows specialty and private fleets to replace legacy TMS, add-on solutions, and fragmented manual processes with a modern platform that creates seamless workflows driven by unified data. Designed to handle the complexities of large specialty and private fleets, the highly configurable BeyondTrucks platform achieves deeper levels of adoption and intelligent automation fleets to make fleet operations smarter, simpler, and stronger. With the multi-tenant platform, fleets also benefit from more efficient integrations into other fleet technology providers so that all parts of a fleet are always in sync. For more information, visit http://www.beyondtrucks.com.

Media Contact

Susan Fall, Launchit PR, 6198909415, susan@launchitpr.com, www.launchitpr.com

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GDIN Successfully Supports Establishment of 10 New Joint Ventures in 2024 Alone

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GDIN CEO Jongkap Kim: “By matching technology needs with local markets, we create long-lasting joint ventures with multiple exit opportunities.”

SEOUL, South Korea, Dec. 23, 2024 /PRNewswire/ — Global Digital Innovation Network (GDIN), led by CEO Jongkap Kim, proudly announced the major achievements of its 2024 Joint Venture Program. This program, which supports the establishment of joint ventures between South Korean companies and international partners, is designed to lower market entry barriers and create sustainable growth opportunities through local collaborations.

Since the launch of the program in 2021, GDIN has supported the establishment of 44 joint ventures across various regions. This year alone, 10 joint ventures were successfully launched in 8 countries including the United States, Canada, Japan, India, Singapore, Vietnam, UAE, and Uganda.

The Joint Venture Program was created to address a common challenge faced by early-stage tech companies: while they may have products and services that meet market demand, they often lack the resources and workforce to enter international markets. Through this program, GDIN helps companies increase their chances of success by facilitating strategic market entry via local partnerships.

In addition to the 44 joint ventures established so far, 47 partnership agreements are in the pipeline for future joint ventures. The program’s success is largely attributed to GDIN’s extensive global network of partners, which includes government organizations, multinational corporations, and international agencies such as the World Bank, Central American Bank for Economic Integration (CABEI), Inter-American Development Bank (IDB), Investment Turkey etc. GDIN has organized multiple technology matching and investor relations events to introduce Korean companies and their innovative technologies to potential international partners.

At the year-end performance report event, held on December 19, GDIN recognized companies that successfully established joint ventures. Changsoft I&I, a digital construction management system company, was highlighted for its success in establishing joint ventures in Japan and Vietnam. CFO Jongeun Park of Changsoft I&I shared, “We were facing stagnating revenue growth, and expanding into new markets was critical. With GDIN’s support, we were able to establish joint ventures in Japan and Vietnam, allowing us to tailor our products to local market needs.”

Other companies that successfully established joint ventures in 2024 include Medicos Biotech, Bloomsbury Lab, Arbaim, Eucast, Pixelro, Hansol root one, Eco-Peace, and IESG.

GDIN CEO Jongkap Kim commented, “Unlike simple joint investments or distribution networks, these technology-driven joint ventures are based on market demand, ensuring their long-term sustainability. If these joint ventures achieve success in the local markets and even go public, they could offer multiple exit opportunities, creating a strong growth model for all involved.”

About GDIN 

Global Digital Innovation Network (formerly known as Born2Global Centre), registered under the Ministry of Science & ICT, is an independent foundation that promotes and fosters collaboration between next-level innovative companies from South Korea and the world.

Since 2013, we have established over 160 international partnerships, supported over 3,000 tech companies, conducted over 20,000 consulting services, and helped companies raise $3.6 billion USD in investments.

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