Global Synchronous Reluctance Motor (SynRM) Market Growth 2023-2029

Global Synchronous Reluctance Motor (SynRM) Market Growth 2023-2029

Synchronous reluctance motor is an electromechanical energy conversion device, which converts electrical energy to mechanical energy. The motor always runs at synchronous speed due to magnetic locking between the rotor magnetic field and the stator magnetic field.
LPI (LP Information)' newest research report, the “Synchronous Reluctance Motor (SynRM) Industry Forecast” looks at past sales and reviews total world Synchronous Reluctance Motor (SynRM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Synchronous Reluctance Motor (SynRM) sales for 2023 through 2029. With Synchronous Reluctance Motor (SynRM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synchronous Reluctance Motor (SynRM) industry.
This Insight Report provides a comprehensive analysis of the global Synchronous Reluctance Motor (SynRM) 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 Reluctance Motor (SynRM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synchronous Reluctance Motor (SynRM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synchronous Reluctance Motor (SynRM) 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 Reluctance Motor (SynRM).
The global Synchronous Reluctance Motor (SynRM) market size is projected to grow from US$ 156.9 million in 2022 to US$ 373.2 million in 2029; it is expected to grow at a CAGR of 373.2 from 2023 to 2029.
Global core synchronous reluctance motor (SynRM) manufacturers include ABB, Siemens and KSB (REEL) etc. The top 3 companies hold a share about 65%. Europe is the largest market, with a share about 40%, followed by Asia Pacific and Americas with the share about 30% and 26%.
This report presents a comprehensive overview, market shares, and growth opportunities of Synchronous Reluctance Motor (SynRM) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
0-30 KW
30-100 KW
Above 100 KW
Segmentation by application
Process Industries
Discrete Industries
Transportation
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
Siemens
KSB (REEL)
Danfoss
Bonfiglioli
Oemer Motors
Relaoto
Mark Elektriks
Nidec Leroy-Somer
Delta Electronics
Changzhou Nanfang Motor

Key Questions Addressed in this Report
What is the 10-year outlook for the global Synchronous Reluctance Motor (SynRM) market?
What factors are driving Synchronous Reluctance Motor (SynRM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synchronous Reluctance Motor (SynRM) market opportunities vary by end market size?
How does Synchronous Reluctance Motor (SynRM) 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.