Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor High Speed Motor Market | Page 2
there. For instance, the ‘Make in India’ drive by Indian government is expected to boost the growth and
development of the country-level market in the upcoming years. Furthermore, the commercial and
industrial development of the region coupled with rising infrastructural projects are poised to drive the
expansion of the high speed motor market in Asia Pacific.
Europe has secured the second spot in the global high speed motor market. It is projected to augment
further over the assessment period due to the presence of key manufacturers coupled with flourishing
automotive industry. The major country-level markets of the region are Germany, the U.K. and France.
North America is an important regional market and is prognosticated to exhibit substantial growth over
the next couple of years. The growth can be ascribed to the presence of leading manufacturers, high
investment in research and development, and innovations in product lines.
Industry News:
In May 2018, Belgian startup Magnax has developed ultra-high power, lightweight, compact axial flux
electric motor.
In November 2018, Torqueedo, electric boat motor specialist, announced new electric boat motors for
2019. The new Deep Blue Line will come in two variations a high speed version for planing boats and a
low speed version for displacement boats.
In November 2018, CRRC Zhuzhou Locomotive Co. Ltd., China's train maker, debuted two types of high
speed trains, one of which has a permanent magnet synchronous motor.
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