Global Synchronous Electric Motors Market Growth 2024-2030

Global Synchronous Electric Motors Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Synchronous Electric Motors market size was valued at US$ 24140 million in 2023. With growing demand in downstream market, the Synchronous Electric Motors is forecast to a readjusted size of US$ 32950 million by 2030 with a CAGR of 4.5% during review period.

The research report highlights the growth potential of the global Synchronous Electric Motors market. Synchronous Electric Motors are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Synchronous Electric Motors. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Synchronous Electric Motors market.

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.

Key Features:

The report on Synchronous Electric Motors market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Synchronous Electric Motors market. It may include historical data, market segmentation by Type (e.g., DC Excited Synchronous Electric Motors, Non-Excited Synchronous Electric Motors), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Synchronous Electric Motors market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Synchronous Electric Motors market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Synchronous Electric Motors industry. This include advancements in Synchronous Electric Motors technology, Synchronous Electric Motors new entrants, Synchronous Electric Motors new investment, and other innovations that are shaping the future of Synchronous Electric Motors.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Synchronous Electric Motors market. It includes factors influencing customer ' purchasing decisions, preferences for Synchronous Electric Motors product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Synchronous Electric Motors market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Synchronous Electric Motors market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Synchronous Electric Motors market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Synchronous Electric Motors industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Synchronous Electric Motors market.

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.

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?

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