Synchronous Motors

Synchronous Motors

Global Synchronous Motors Market to Reach US$4.0 Billion by 2030

The global market for Synchronous Motors estimated at US$3.0 Billion in the year 2023, is expected to reach US$4.0 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2023-2030. Horizontal Mount Type Synchronous Motors, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Vertical Mount Type Synchronous Motors segment is estimated at 3.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$810.7 Million While China is Forecast to Grow at 6.4% CAGR

The Synchronous Motors market in the U.S. is estimated at US$810.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$819.0 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Synchronous Motors Market - Key Trends and Drivers Summarized

How Are Synchronous Motors Gaining Traction in Modern Industry?

Synchronous motors are increasingly being adopted in modern industries due to their ability to maintain constant speed under varying loads, offering higher efficiency and performance compared to other types of motors. These motors are particularly useful in applications where precision and energy savings are critical, such as in manufacturing, power generation, and HVAC systems. The global shift toward energy-efficient solutions has further pushed industries to opt for synchronous motors, which offer lower operational costs over time. The ability to maintain high torque at low speeds makes them suitable for heavy-duty industrial applications, contributing to their growing popularity.

What Technological Advancements Are Shaping the Synchronous Motors Market?

Technological advancements in motor design, materials, and control systems are driving the development of more efficient and reliable synchronous motors. The integration of permanent magnet synchronous motors (PMSMs), which are known for their compact size and superior efficiency, is gaining traction in the automotive and industrial sectors. Innovations in motor control systems, such as the use of variable frequency drives (VFDs), enable better speed regulation and energy savings. Additionally, the increasing use of smart sensors and IoT-enabled monitoring systems allows for real-time data collection, improving motor performance and reducing downtime due to predictive maintenance.

Which Segments Are Driving Growth in the Synchronous Motors Market?

The types include permanent magnet and electrically excited synchronous motors, with the former gaining significant market share due to their higher efficiency and compact design. The market is also divided by voltage—low-voltage motors are used in small-scale applications such as HVAC systems, while high-voltage motors find applications in industries such as oil and gas, mining, and steel manufacturing. The application segments include automotive, industrial machinery, power generation, and aerospace. The industrial sector, particularly heavy industries, remains the largest market for synchronous motors, driven by their need for energy-efficient and high-performance motors.

What Factors Are Driving Growth in the Synchronous Motors Market?

The growth in the synchronous motors market is driven by several factors, including the rising focus on energy efficiency, the demand for high-performance motors in industrial applications, and technological advancements in motor control systems. The growing adoption of electric vehicles (EVs) is also boosting demand for permanent magnet synchronous motors due to their compact size and efficiency. Increasing investments in renewable energy projects, where synchronous motors are used in power generation, are further driving market growth. Additionally, government regulations promoting energy conservation and efficiency are pushing industries to adopt more efficient motor systems, propelling the market forward.

Select Competitors (Total 41 Featured) -

• ABB Ltd.
• ARC Systems, Inc.
• Bosch Rexroth AG
• Emersion Electric Co.
• General Electric Company
• Hitachi Ltd.
• Johnson Electric Holdings Ltd.
• Nidec Corporation
• Rockwell Automation, Inc.
• Siemens AG
• Toshiba Corporation
• WEG SA

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