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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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Technology

YesWelder’s Firstess DP200: Redefining Welding for Everyone

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NEW YORK, Sept. 20, 2024 /PRNewswire/ — YesWelder has solidified its reputation as a leader in the welding industry with the introduction of its latest innovation—the Firstess DP200. This multi-process welding machine is designed to be accessible for both seasoned professionals and complete beginners, significantly lowering the barriers to entry for welding. Thanks to its intuitive design and user-friendly features, even those with no prior experience can get started with ease. These innovations have earned the DP200 widespread acclaim, with its success echoed in an outstanding crowdfunding campaign that shattered expectations.

Introducing the YesWelder Firstess DP200

The Firstess DP200 equipped with cutting-edge features like the YesWelder PulseFlex™ System and AdaptivePulse™ technology, with its 200A power output and dual voltage capability (120V/240V), the DP200 is adaptable to any environment, from home garages to professional workshops. The 7-inch screen provides optimal visibility, featuring adjustable brightness and multi-angle viewing for easy operation even in low-light conditions. These features, combined with its IntuiWeld™ UI, make the DP200 intuitive and user-friendly, whether you’re a beginner or an experienced welder.

Crowdfunding Success

The launch of the Firstess DP200 on Kickstarter has been a resounding success. From the moment it went live, the welding community rallied behind the campaign, drawn in by the machine’s powerful capabilities and competitive pricing. In just five hours, the DP200 crossed the $1 million mark in sales—a remarkable achievement that underscored the demand for high-quality, affordable welding equipment. The overwhelming response from backers demonstrates the growing excitement around the DP200 and its potential to transform the welding experience for a wider audience. As of today, the campaign has raised over $2.4 million.

YouTube Creators Amplify the Buzz

From seasoned welders to hobbyists, Many of these creators have shared in-depth reviews, tutorials, and demonstrations of the DP200, highlighting its impressive features and capabilities.YouTubers have praised the Firstess DP200 for its ease of use, versatility, and precision. The PulseFlex™ and AdaptivePulse™ technologies have been singled out for their ability to provide fine-tuned control, making even complex welding tasks more manageable. The intuitive interface and large display have also been widely appreciated, with creators noting how these features make the machine accessible to welders of all skill levels.

 

These reviews have not only showcased the DP200’s performance but have also played a crucial role in building trust and excitement around the product. For potential buyers, seeing real-world feedback from trusted influencers has reinforced the machine’s value and capabilities.

Community-Driven Development

The Firstess DP200 is more than just a welding machine—it’s a testament to YesWelder’s commitment to its community. From initial concept to final testing, the development of the DP200 was guided by real-world feedback from welders. This collaborative approach ensured that the machine addresses the actual needs of users. Many of its thoughtful, user-friendly features—such as software upgradability, the ability to store up to 50 custom parameter sets with detailed notes (MIG/MAG), and comprehensive accessory options—are direct responses to suggestions from the welding community.

This focus on user input ensures that the DP200 not only meets expectations but exceeds them, offering a solution that feels tailor-made for welders. YesWelder’s dedication to blending innovation with affordability sets it apart, making the DP200 a true game-changer for anyone looking for a versatile and reliable welding solution.
 The DP200 goes beyond being just a tool—it’s part of YesWelder’s vision to open up the world of welding to more people, making the craft accessible and enjoyable for everyone.

At YesWelder, we believe welding is more than a skill—it’s a way to create, to build, and to connect. By breaking down barriers, we’re inviting more people to experience the joy and satisfaction that welding brings. Whether you’re just getting started or ready to level up, the Firstess DP200 is here to help you take that next step. Ready to make your mark? Stay Cool, Weld Hot.

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Yardi Aspire LMS Introduces Self-Service Course Catalog to Enhance Client Experience

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New feature allows Aspire administrators to review and select Yardi-authored training courses directly to their university

SANTA BARBARA, Calif., Sept. 20, 2024 /PRNewswire/ — Yardi® Aspire is thrilled to introduce its self-service course catalog, a new feature that allows Aspire Plus and Aspire Premium clients to manage Yardi-authored training courses directly within their company university.

 

 

Now clients can review, search and manage, instantly copying courses from within their university. Allowing clients on-demand access to the catalog of courses streamlines the process of acquiring the content they need.

“The self-service catalog empowers our clients by removing the need to take time to create cases for content requests,” said Patty Evans, industry principal for Yardi Aspire. “They now have direct access to manage and add the training they need, when they need it, without added steps.”

Key benefits of the new self-service course catalog:

Enhanced catalog visibility: Clients can browse the full Aspire course catalog, accessing detailed descriptions, learning objectives and course durationsImmediate access to new courses: New and recently updated courses are instantly available, helping clients keep training programs currentAdvanced search filters: With options to search by roles, skills, keywords, tags and duration, clients can easily identify training content that addresses specific business needs or skill gapsEffortless Yardi software training integration: Aspire makes it simple to incorporate Yardi software training with new implementationsFull control over course status: Clients can customize course privacy settings during the copy process, ensuring the content is visible to the appropriate roles within their team

“We are always focused on evolving our platform to make life easier for our clients. This new feature puts them in control, making it faster and simpler to customize their training offerings,” Evans said.

With this self-service functionality, Aspire enables clients to gain instant access to vital training resources as they become available and as client needs arise. Contact us today to schedule a demo and explore the self-service catalog.

About Yardi

Celebrating its 40-year anniversary in 2024, Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.

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Asymbl, Inc. Announces Inclusion in Salesforce’s Agentforce Partner Network with Asymbl Recruiter Agent

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Customers can automate and stream staffing and recruitment workflows through Asymbl Recruiter Agent for Agentforce 

AUSTIN, Texas, Sept. 20, 2024 /PRNewswire/ — Asymbl, Inc. today announced they have joined Salesforce’s Agentforce Partner Network , a global ecosystem of partners building new third-party agents and agent actions for Agentforce accessible through the Salesforce AppExchange. With Asymbl’s Recruiter Agent, customers can leverage intelligence and automation to streamline the recruiter workflow for greater success, accelerating candidate identification, creating job descriptions effortlessly, scheduling interviews seamlessly, summarizing interview feedback, and optimizing speed to placement. By automating these time-consuming tasks, recruiters can focus on what they do best—building meaningful interactions with candidates and hiring managers, rather than being bogged down by administrative work.

Agentforce is a suite of autonomous AI agents designed to support humans by automating tasks across various industries, enhancing efficiency, and scaling operations. The Agentforce Partner Network enables Agentforce to plan, reason and perform tasks by integrating with a broad range of technology and data providers, enabling them to execute complex actions on behalf of users.

Asymbl’s agent action for Agentforce can be integrated into the customer’s existing Salesforce agents in Agent Builder or discovered on Salesforce AppExchange, the leading enterprise cloud marketplace.

With the announcement of the Agentforce Partner Network, businesses have access to more than 20 agents and agent actions, leveraging partners’ purpose-built technology and domain expertise. Partner-built agents enable faster deployment of pre-built solutions, reducing both development time and costs, while extending the value of the tools businesses already rely on.

Customers can expedite time to placement and optimize the recruiter workflow through Asymbl Recruiter Agent’s agent actions. Key features include:

Intelligent Candidate Identification: Powered by Agentforce and Salesforce Data Cloud, Asymbl Recruiter Agent leverages results from partner applications for traditional resume matching and goes further by analyzing interactional data from an extensive range of data points and past interactions with candidates and hiring managers to rapidly identify the best-fit candidates.

Effortless Job Description Creation: Quickly generate, refine, and share job descriptions based on existing data and hiring manager preferences, saving valuable time that would otherwise be spent drafting descriptions manually.

Autonomous Interview Scheduling: Schedule interviews with candidates seamlessly with real-time availability, minimizing the usual back-and-forth involved in coordinating schedules.

Comprehensive Interview Feedback Summaries: Generate detailed summaries from the interviewer’s feedback in seconds, enabling recruiters to make faster and more informed hiring decisions.

With these capabilities, Asymbl Recruiter Agent’s agent actions accelerate the entire recruiter workflow, making it more efficient and effective for staffing firms and corporate recruiters looking to optimize their workflows and achieve faster placements.

“I’ve been part of the Salesforce ecosystem for 20 years and have worked in the talent management, staffing, and recruitment industries for just about as long. I’ve never experienced a more exciting moment for growth, innovation, and immediate impact,” said Brandon Metcalf, CEO and Founder of Asymbl, Inc. “The energy around AI today, coupled with the groundbreaking advancements and impact we’re achieving through our collaboration with Salesforce, is driving immediate and transformative change in staffing and recruiting. With Agentforce, we are moving into the third wave of AI where intelligent agents are not just a concept—they are here, and they are reshaping how we work and succeed.”

“By partnering with Asymbl, we gain the flexibility to adapt and lead in a competitive market, ensuring our strategies are both innovative and future-proof,” said Rob Lowry, Chief Delivery Officer at Apex Systems. “The collaboration between Asymbl and Salesforce has been important to Apex. Asymbl being an initial partner in the Agentforce Partner Network highlights their commitment to pushing the boundaries of recruitment technology. We’re excited about the Asymbl Recruiter Agent and its potential to simplify recruitment, accelerate hiring decisions, and enhance our ability to deliver value to clients.”

“Salesforce’s leading partner ecosystem is at the forefront of the AI enterprise, where humans and AI come together through autonomous Agents and Agent Actions,” said Brian Landsman, EVP, Global Technology Partners, Salesforce. “These latest innovations boost scale, efficiency, and satisfaction across a variety of use cases, while enabling Agents to execute complex tasks across an organization’s technology stack. We look forward to seeing our customers take full advantage of these and experience better business outcomes.”

Asymbl Recruiter Agent is available to be previewed here.    

Additional Resources

Follow Asymbl, Inc. on LinkedInFollow Salesforce on LinkedIn and XCheck out the AppExchange Agentforce CollectionLearn more about Salesforce unveiling of Agentforce

Salesforce, Salesforce Agentforce Partner Network, Agentforce, Salesforce Data Cloud and others are among the trademarks of Salesforce, inc.

About Asymbl, Inc.

Asymbl, Inc. is an innovative technology company within the Salesforce ecosystem, driving transformative growth through its two core brands. Asymbldelivers cutting-edge staffing and talent management software to optimize recruitment workflows, while Blueprint Advisory provides strategic advisory, consulting, and managed services to help organizations navigate digital transformation and maximize their Salesforce investments.

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