Synchronous Motors Market - Global Industry Analysis

Synchronous Motors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Heavy Industry Report Format : PDF Report Code: ZMR-2359 Status : Upcoming

Description

Synchronous Motors Market: Overview

The rising demands for electricity, together with an exponential flow in the cost of electricity collectively fuel the global synchronous motor market. Synchronous motors offer a huge number of benefits, for example, power aspect correction to decrease energy usage and high effectiveness, which facilitates its acceptance in the manufacturing division. Synchronous motors are extensively utilized in industries and they can also be used as generators or motors, depending on industry choice. A synchronous motor generally runs at a synchronous speed, i.e., at a stable speed with an offered frequency, while contributing greater constancy. Owing to high performance, low power loss, minimal maintenance needs as well as flexibility in adapting to varied machinery layouts, synchronous motors are gradually gaining popularity amongst consumers.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Synchronous motors are usually confused with self-starting motors. External DC supply is needed to stimulate the motor which is close to the synchronous speed. Even though synchronous motors are more intricate, large synchronous motors are more proficient compared to induction motors and are competent of sustaining a stable operation speed even in excess conditions as well as voltage discrepancy. A synchronous motor can function under principal or lagging power aspects. They are competent of power aspect correction and function at high efficiencies, thus decreasing the cost of energy usage by delivering reactive power to the network

Synchronous Motors Market: Growth Factors

Important factors fueling the market growth are raising demand and need for energy proficient less power-consuming motors, increasing demand of PMSMs in industrial and agricultural division, and growing alertness towards the usage of green vehicles. In addition, growing prominence on the protection and usage of standard motors is expected to create prospects for the global synchronous motors market development in the future.

Synchronous Motors Market: Segmentation

The global synchronous motors market is divided based on magnet type, applications, motor type, power range, and geography. Synchronous motors are competent, have high power density, deliver precise speed control, and longer insulation & bearing life over AC induction motors. This compensation drives the synchronous motors. Further, samarium cobalt (SmCo5 and Sm2Co17), neodymium (NdFeB), and ferrite are some most important magnet types, in the market. These magnets are utilized in the magnetic pump couplings, motor drives, sensors, starter motors, generators, and so on.

Synchronous Motors Market: Regional Analysis

Geographically, the synchronous motors market is divided across Europe, North America, Asia Pacific, and LAMEA. Asia-Pacific held the major market share in the previous year; on the other hand, LAMEA is likely to observe maximum growth rate in the coming future due to augment in demand for these kinds of motors. Asia Pacific is predicted to control the global synchronous motor market owing to aspects for instance: development in manufacturing industries and growing knowledge about energy efficiency.

Synchronous Motors Market: Competitive players

The key players of the global synchronous motors market are Mitsubishi, Hitachi, ABB, Siemens AG, GE, Emerson and many others.

Global Synchronous Motors Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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