Synchronous Electric Motors Market Size, CAGR, Trends 2024-2030

Market Overview and Report Coverage

Synchronous electric motors are a type of electric motor where the rotation of the shaft is synchronized with the frequency of the supply current. These motors have a higher efficiency and power factor compared to other types of motors, making them popular in various applications such as industrial machinery and electric vehicles. The market for synchronous electric motors is expected to grow at a CAGR of % during the forecasted period.

The future outlook for the synchronous electric motors market looks promising, as the demand for energy-efficient motors is increasing across various industries. With advancements in technology and rising concerns about environmental sustainability, there is a growing focus on energy-efficient solutions, which bodes well for the market growth of synchronous electric motors.

Key market trends in the synchronous electric motors industry include the adoption of IoT and automation in motor control systems, increasing demand for permanent magnet synchronous motors, and the rise of electric vehicles driving the need for high-performance motors. Overall, the synchronized electric motors market is poised for steady growth in the coming years.

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Market Segmentation

The Synchronous Electric Motors Market Analysis by types is segmented into:

• DC Excited Synchronous Electric Motors
• Non-Excited Synchronous Electric Motors

DC Excited Synchronous Electric Motors are a type of synchronous electric motor where the rotor is excited by direct current. This type of motor offers high efficiency and precise control, making it ideal for applications that require high accuracy and stability. On the other hand, Non-Excited Synchronous Electric Motors do not require external excitation for the rotor, leading to reduced maintenance and cost savings. Both types have their own advantages and are used in various industrial applications based on specific requirements.

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The Synchronous Electric Motors Market Industry Research by Application is segmented into:

• Oil
• Chemical
• Power Generation
• Others

The synchronous electric motors market finds applications in various industries such as oil, chemical, power generation, and others. In the oil industry, these motors are used for pumping fluids and driving compressors. In the chemical sector, they are essential for mixing, agitating, and pumping chemicals. In power generation, synchronous motors are utilized in power plants for driving equipment like pumps and fans. Other industries like manufacturing and mining also rely on synchronous electric motors for various applications.

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In terms of Region, the Synchronous Electric Motors Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Synchronous Electric Motors market?

Emerging trends in the global synchronous electric motors market include the increasing demand for energy-efficient motors, advancements in technology leading to improved performance and reduced maintenance costs, and growing focus on the development of smart and connected motors. Additionally, the market is witnessing a trend towards the adoption of regenerative braking systems and the integration of IoT capabilities for real-time monitoring and control. Current trends in the market include the rising adoption of synchronous electric motors in industrial applications, automotive sector, and renewable energy projects, as well as the growing emphasis on sustainability and environmental regulations driving the demand for more efficient motor solutions.

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Major Market Players

The global synchronous electric motors market is highly competitive with key players including ABB, Bosch Rexroth, Emerson Electric, Siemens, and ALSTOM. These companies are continuously striving to innovate and offer high-quality products to meet the growing demand for energy-efficient electric motors in various industries.

ABB is a leading player in the synchronous electric motors market, offering a wide range of products for various industrial applications. The company has experienced significant market growth in recent years, driven by its focus on sustainability and energy efficiency. ABB's sales revenue in the electric motors segment was reported to be around $ billion in 2020.

Siemens is another key player in the market, known for its advanced technology and innovative motor solutions. The company has been investing heavily in research and development to launch new products and stay ahead of the competition. Siemens reported sales revenue of around $8.3 billion in the electric motors segment in 2020.

Emerson Electric is also a prominent player in the synchronous electric motors market, offering a diverse portfolio of products for various industries. The company has been focusing on expanding its market presence globally and enhancing its product offering to cater to the evolving needs of customers. Emerson Electric's sales revenue in the electric motors segment was reported to be around $6.1 billion in 2020.

Overall, the synchronous electric motors market is expected to witness steady growth in the coming years, driven by increasing demand for energy-efficient motors across industries. Companies like ABB, Siemens, and Emerson Electric are poised to benefit from this trend by offering innovative solutions and expanding their market presence. Key trends in the market include the adoption of IoT technology in motor systems, growing emphasis on sustainability, and increasing investments in research and development to launch advanced motor solutions.

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