Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor High-Speed Motor Market Research Report- Forecast | Page 2

low moment of inertia and high pulse torque and are best suited for rough conditions where high overloads may occur. Regional Analysis: Geographically, the global High-speed motor market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. North America region is expected to grow significantly over the forecast period. The existence of major manufacturers and technology in this region allows major manufacturers to heavily invest in research and development to develop new products. Increase in demand from the manufacturing sector is one of the prime factors driving the global high-speed motor market. With major manufacturers in this region aggressively pushing new products in the market and adopting aggressive marketing techniques the high-speed motor market is expected to register higher growth rate during the forecast period. The growth of the High-speed motors market is majorly driven by the undertaking of various energy efficient evaluation programs. For instance, in 2012, The US General Services Administration (GSA) had conducted an assessment for magnetic bearing technologies for testing emerging technologies. The test concluded that about 42.3% energy saving was obtained of positive displacement water-cooled chillers. It has also been observed that the oil-free magnetic bearing centrifugal compressor have entered in the HVAC market. This will increase the demand for high-speed motor in various application. The energy efficient programs develop various technologies that improve the overall efficiency of the system. Improved efficiency will consume lesser energy due to aspects such as lightweight, low start-up power draw, and reduce maintenance cost. The other factors contributing towards the growth of the market are the increasing demand for High-speed motors from the end use industries, majorly in industrial sector and the increase in government initiatives for developing and increasing the efficiency of High-speed motors. However, the growth of this market is expected to be restrained by the huge complexities involved in the manufacturing of such High-speed motors. The infrastructure required to perform tests on high-speed motors during development phase are highly complex and not easily available in the market, which is also expected to restrain the growth of the market. The report for Global High-speed motor market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in