Global Three-phase Single Speed Motors Market Expected to Reach USD 1,683.1 Million by 2031

According to a recent market study published by Growth Market Reports, titled, Global Three-phase Single Speed Motors Market, by Rotor Material (Steel & Alloy Steel, Aluminum, Copper, and Others), Number of Pole (2 Pole Motors, 4 Pole Motors, and Others), End-use (Automotive and Equipment & Machinery), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa): Size, Share, Trends and Opportunity Analysis, 2016-2031, the market was valued at USD 861.0 Million in 2022 and is projected to expand at a growth rate of 7.9% by 2031.

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As per Growth Market Reports industry analyst, the global three-phase single speed motors market is anticipated to register significant growth during the forecast period, 2023-2031. The ongoing acceleration of technological advancements lead to the increasing innovations in these motors. These motors are important for reducing energy consumption, lowering operating costs, and mitigating environmental impacts.

Furthermore, many three-phase single speed motor manufacturers are focusing on designing energy-efficient, durable, and reliable motors, thereby fueling the market.

The three-phase motor operates on the principle of electromagnetic induction. When an alternating current passes through the stator winding, it creates a rotating magnetic field. This magnetic field interacts with the rotor, causing it to rotate. Rotor rotates and generates a back electromotive force (EMF) that opposes the flow of current through the stator winding. This back EMF is what allows the motor to maintain a constant speed under varying loads.

Many electric vehicle manufacturers use three-phase AC motor, as it leads to reduced electricity cost in the long term while improving efficiency of electricity supply. It is also cheaper to use the three-phase AC motor to transmit electricity to a large area. Three-phase power is mainly used directly to power large induction motors, other electric motors and other heavy loads.

Therefore, these motors are used for various heavy single speed machineries such as industrial fans, material handling conveyors, rotary turntables, and other straightforward systems.

Primary as well as secondary research methodology is used for keen observation and study of the three-phase single speed motors market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects.

Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies to be updated with the latest market trends & developments. Validation of the estimated market size and current & future trends is done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry.

The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details & developments, and the overall competitive landscape.

Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Strict measures are required for monitoring the situation, which, in turn, affects businesses, causing unanticipated short and long-term effects.

Consequently, epidemics and pandemics are problems for the individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally.

The pandemic restricted the supply of three-phase single speed motors, owing to severe disruptions in businesses and the supply chain. This declined the global economy and hampered the potential effects of the prolonged conflict between Russia & Ukraine and uncertainty in the countries in Eastern Europe.

Key Takeaways from the Study:

• Key market players include Sati Spa, MoTek S.r.l., Reuland Electric Motor Company, Regal Rexnord Corporation, Hog Slat, and others.

• Based on rotor material, the global three-phase single speed motors market is segmented into aluminum, stainless steel, nickel, and others. Stainless steel is preferred by the gas filter manufacturers for its anti-corrosive properties that make it suitable for use in the industries where gases are filtered. It has excellent strength, corrosion resistance, and fabric-ability properties, which makes it suitable for the use in the manufacturing of three-phase single speed motors.

• Based on number of poles, the global three-phase single speed motors market is segmented into 2 pole motors, 4 pole motors, and others. The pole represents the number of permanent magnet poles for the rotating rotor. A motor with one pair of N pole/S poles is called a two-pole motor. Two poles are called high-speed motors, four poles are medium-speed motors, six-poles are low-speed motors.
  
  Four pole motors are expected to gain significant traction during the forecast period, as these motors has high torque and are used for high power applications such as electric vehicles.

• On the basis of power output, the global three-phase single speed motors market is categorized as up to 50 kW, 50 kW to 100 kW, and above 100 kW. Mechanical power describes the output power that moves the object attached to the motor. Power output is a key specification in the three-phase motor for the power rating of a motor is determined by its rated speed and torque production at that speed.
  
  Up to 50 kW motors offers higher speed at comparatively lower prices. However, these motors with four poles are expected to hold promising opportunities, due to its high torque applications.

• On the basis of end-use, the global three-phase single speed motors market is categorized as automotive and equipment & machinery. All major electric vehicle manufacturers use three-phase single speed motors with three-phase alternating current to set up a rotating magnetic field (RMF). These motors feature higher torque control as compared to other types of electric vehicle motors, making them suitable for applications requiring precise power output.

Three-phase Single Speed Motors Market Report Scope:

Target Audience:

• Supply Side: Raw material suppliers and Manufacturers

• Demand Side: Electric vehicle manufacturers, equipment and machinery manufacturers such as material handling conveyors, industrial fans, etc.

• Regulatory Side: Concerned government authorities and other regulatory bodies.