Global Synchronous Electric Motors Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Synchronous Electric Motors Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Synchronous Electric Motors market size was valued at USD 25390 million in 2023 and is forecast to a readjusted size of USD 33850 million by 2030 with a CAGR of 4.2% during review period.

A synchronous electric motor is an AC motor in which, at steady state, the rotation of the shaft is synchronized with the frequency of the supply current; the rotation period is exactly equal to an integral number of AC cycles. Synchronous motors contain multiphase AC electromagnets on the stator of the motor that create a magnetic field which rotates in time with the oscillations of the line current. The rotor with permanent magnets or electromagnets turns in step with the stator field at the same rate and as a result, provides the second synchronized rotating magnet field of any AC motor. A synchronous motor is termed doubly fed if it is supplied with independently excited multiphase AC electromagnets on both the rotor and stator.

The rising need for precise operating speeds and position control is identified as one of the primary growth factors for this market. The precise movement and position control of machines from light-duty to heavy-duty applications with specific operating speeds is driving the increased adoption of synchronous electric motors. The accurate movements of the machine bed assists in locating the machining area and lowers the temperature during operations to increase the lifetime of the motors. This determines and improves the quality of synchronous electric motors that are developed. Moreover, the effective deployment of synchronous electric motors creates faster, smoother, and vibration less movement of machine operations and offers improved precision and position control. In addition to the wide usage of these motors in metals and mining, power generation, and oil and gas machines, there is an increased adoption of these machines in other industrial applications, which will in turn, create a favorable market for synchronous electric motors.

The Global Info Research report includes an overview of the development of the Synchronous Electric Motors industry chain, the market status of Oil (DC Excited Synchronous Electric Motors, Non-Excited Synchronous Electric Motors), Chemical (DC Excited Synchronous Electric Motors, Non-Excited Synchronous Electric Motors), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Synchronous Electric Motors.

Regionally, the report analyzes the Synchronous Electric Motors markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Synchronous Electric Motors market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Synchronous Electric Motors market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Synchronous Electric Motors industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., DC Excited Synchronous Electric Motors, Non-Excited Synchronous Electric Motors).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Synchronous Electric Motors market.

Regional Analysis: The report involves examining the Synchronous Electric Motors market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Synchronous Electric Motors market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Synchronous Electric Motors:

Company Analysis: Report covers individual Synchronous Electric Motors manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Synchronous Electric Motors This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Oil, Chemical).

Technology Analysis: Report covers specific technologies relevant to Synchronous Electric Motors. It assesses the current state, advancements, and potential future developments in Synchronous Electric Motors areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Synchronous Electric Motors market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Synchronous Electric Motors market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
DC Excited Synchronous Electric Motors
Non-Excited Synchronous Electric Motors

Market segment by Application
Oil
Chemical
Power Generation
Others

Major players covered
ABB
Bosch Rexroth
Emerson Electric
Siemens
ALSTOM

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Synchronous Electric Motors product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Synchronous Electric Motors, with price, sales, revenue and global market share of Synchronous Electric Motors from 2019 to 2024.

Chapter 3, the Synchronous Electric Motors competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Synchronous Electric Motors breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Synchronous Electric Motors market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Synchronous Electric Motors.

Chapter 14 and 15, to describe Synchronous Electric Motors sales channel, distributors, customers, research findings and conclusion.