Global Synchronous Electric Motors Market Growth 2023-2029

Global Synchronous Electric Motors Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Synchronous Electric Motors Industry Forecast” looks at past sales and reviews total world Synchronous Electric Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Synchronous Electric Motors sales for 2023 through 2029. With Synchronous Electric Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synchronous Electric Motors industry.

This Insight Report provides a comprehensive analysis of the global Synchronous Electric Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synchronous Electric Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synchronous Electric Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synchronous Electric Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synchronous Electric Motors.

The global Synchronous Electric Motors market size is projected to grow from US$ 24140 million in 2022 to US$ 32950 million in 2029; it is expected to grow at a CAGR of 32950 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Synchronous Electric Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
DC Excited Synchronous Electric Motors
Non-Excited Synchronous Electric Motors

Segmentation by application
Oil
Chemical
Power Generation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Bosch Rexroth
Emerson Electric
Siemens
ALSTOM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Synchronous Electric Motors market?

What factors are driving Synchronous Electric Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Synchronous Electric Motors market opportunities vary by end market size?

How does Synchronous Electric Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.