Segments - Three-phase Single Speed Motors Market is categorized as by Rotor Material (Steel, Aluminum, Copper, Others), by Number of Poles (2 Pole Motors, 4 Pole Motors, Others), by Power Output (Up to 50 kW, 50 kW to 100 kW, above 100 kW) End-use (Automotive, Equipment & Machinery), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and, Forecast 2023 – 2031
The global three-phase single speed motors market size was estimated at USD 861.0 Million in 2022 and is anticipated to reach USD 1,683.1 Million by 2031, expanding at a CAGR of 7.9% during the forecast period, 2023 to 2031.
Three-phase motor is an electric motor that typically receives its power from a three-phase alternating currents. This is released through a three-phase mains supply or a frequency inverter. Three-phase induction motors are self-starting and are specifically used for high power applications such as lifts, cranes, hoists, and large exhaust fans.
These motors are increasingly being used in the mechanical and electro-mechanical industries. The rotor, stator, and enclosure are the major components that make up a durable three-phase electric motor. Three-phase motor contains four wires (three hot wires and one neutral wire) and uses three alternating currents of the same frequency.
In some cases, these motors are reversible and serve as generators by turning mechanical energy into electrical energy. They are efficient at transmitting a high volume of electricity over a large area, making them economical for facilities with high electricity demands. A single-speed motor has one rated speed, at which it runs when supplied with the nameplate voltage and frequency.
Three-phase single speed motors represent a premium and low-cost choice for single speed applications. This single-speed motor application includes rotary turntables, material handling conveyors, industrial fans, and other systems.
The industrial sector plays a key role in fostering socioeconomic resilience. Industrialization is driven by many factors, such as government policy, labor-saving inventions, entrepreneurial ambitions, and demand for goods & services. Industrialization has a significant impact on the mass production of goods and services across the globe.
Thus, industrialization contributes to the economic growth by enhancing productivity, innovations, and exports across the globe. This has surged the production of various essential materials such as food & beverage, semiconductors, chemicals, and pharmaceuticals. Three-phase single speed motors are used in heavy-power applications such as pumps, compressors, industrial fans, and others.
The rising demand of these machineries from various end-use industries such as food and beverage, automotive, and oil & gas contributes to the growth of the three-phase single speed motors market. Thus, industrialization impacts the manufacturing sector and leads to the growth of the market.
Inflation refers to the rate of increasing prices over a certain period of time and decreasing purchasing power for both consumers and businesses. Inflation plays an important role in almost every industry and has a significant role in the three-phase single speed motors market. It affects the price of motors, debt, and overall operations of the product and market.
Thus, inflation affects the price and the global market growth significantly. In 2022, the global inflation rate has increased by around 8%. Inflation impacts the price of motors, which, in turn, impacts the end-use sectors for three-phase single speed motors such as automotive and equipment & machinery industries.
Unevenly rising prices of these motors inevitably reduce the purchasing power of these end-use sectors with low capital expenditure. Thus, the analysis of the inflation rate is an important factor in the study of the market.
Electric vehicles (EVs) are in increasingly becoming popular across the globe, as these are the key technology to decarbonize road transport, as this sector accounts for the one-sixth of global emissions. Developing and developed economies such as China, the US, Europe, and Norway are taking sincere efforts for increasing the EV production.
In 2022, China accounted for nearly 60% of all new electric car registrations globally. In 2022, the share of electric cars in total domestic car sales reached 29% in China, up from 16% in 2021, and thereby, achieving the 2025 national target of a 20% sales share for new energy vehicles (NEVs) in advance.
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. Thus, increasing production and consumption of electric vehicles significantly impacts the demand and supply of three-phase single speed motors.
Three-phase single speed motors are used in various industrial applications that require high power and torque, such as pumps, compressors, conveyors, and other manufacturing equipment. 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. Three-phase induction motor is widely used as driving power in majority of the industries, and it consumes almost 65% of the total power. The energy-efficient design of such motors saves a considerable amount of energy and reduces the cost of operation.
Three-phase single speed motors usually have high initial cost, which poses a financial barrier for some users. Furthermore, installation and maintenance of three-phase single speed motors require skilled labors and proper equipment, which significantly increases the overall cost of ownership, and thus, restraining the market.
As of 1st July 2023, the requirements for IE classes of electric motors were intensified, which focuses primarily on energy efficient electric motors and solutions. Three-phase single speed electric motors are required to be minimum be IE3 ranging from 0.75 to 55 kW and from 250 to 1000 kW. This applies to two, four, six, and eight-pole electric motors designed for continuous duty such as duty class S1, S3 ≥ 80 %, and S6 ≥ 80 %.
These European Union (EU) energy efficiency regulations helps to achieve sustainability in energy supply, reduces greenhouse gas emissions, improves security of supply, and reduces import bills. These regulations encourage three-phase single speed motor manufacturers to focus on energy efficiency while manufacturing the motor. Therefore, stringent government regulations and rules provides growth opportunities for the market players to manufacture innovative and sustainable motors for the potential future applications such as electric vehicles.
The report on the global three-phase single speed motors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Three-phase Single Speed Motors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
By Rotor Material (Steel, Aluminum, Copper, and Others), By Number Of Pole (2 Pole Motors, 4 Pole Motors, and Others), By Power Output (Up to 50 kW, 50 kW to 100 kW, Above 100 kW), and End-use (utomotive and Equipment & Machinery) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
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 steel, aluminum, copper, and others. The aluminum segment held 47.1% market share in 2022. Aluminum and its alloys have properties such as low density, high specific heat and high thermal conductivity, which make them suitable for various engineering applications.
Aluminum is a lightweight material that makes the final product lightweight. The automotive and equipment industries are continuously opting for lightweight components to reduce the overall cost and increase energy efficiency.
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 number of north and south permanent magnetic poles on the rotor of a motor is known as the pole count. The number of north and south poles is constant on the rotor.
Stresses on the magnet bond lines are decreased when the number of magnetic poles increases, allowing for the inclusion of tiny magnets in the motor. Additionally, a high number of pole count maximizes the ratio of inner diameter (ID) to outer diameter (OD), which lowers the motor weight. The 2 poles segment held 33.2% market share in 2022. This growth is attributed to the high demand for fast running motors.
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. The output power of a motor is the amount of mechanical power it delivers at its output shaft. It is typically measured in watts (W) or horsepower (hp). The output power is influenced by factors such as design, size, and efficiency of the motor as well as the electrical power input it receives.
The relation between poles of motor and power output are inversely related. The output power of the motor is related to the magnetic field intensity of the motor. The increasing number of poles leads to the lower the magnetic field intensity, and the corresponding decrease in output power.
On the basis of end-use, the global three-phase single speed motors market is categorized as automotive and equipment & machinery. Electric vehicles are increasingly being in demand and are becoming popular among consumers, due to their lower emissions and improved energy efficiency as compared with conventional vehicles.
Electric motor is a critical component of any electric vehicle. Three-phase single speed induction motors is the majorly used motor in EVs. They have high efficiency and offer a high-power density. Additionally, the demand for three-phase single speed motors is also rising within the heavy equipment and machinery industry. These motors are a suitable choice for single speed machines or tools such as industrial fans and material handling conveyors.
On the basis of region, the global three-phase single speed motors market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The market in Asia Pacific is projected to expand at a CAGR of 9.0% during the forecast period. Asia Pacific is a major hub for electric vehicle and equipment production. China, the US, Japan, South Korea, and countries in Europe account for 98% of electric vehicle production. China holds around 44% of electric vehicle production through 2020, followed by Europe with 25% of production share. Therefore, rising EV production in this region increases the demand for three-phase single speed motors as a critical component.
In-depth Analysis of the Global Three-phase Single Speed Motors Market
Historical, Current, and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Three-phase Single Speed Motors Market Performance
Manufacturers operating in the global three-phase single speed motors market Sati Spa, MoTek S.r.l., Reuland Electric Motor Company, Regal Rexnord Corporation, Hog Slat, and others.