Synchronous Electric Motors Market Research Report 2023 - Valuates Reports

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 global Synchronous Electric Motors market was valued at US$ 24680 million in 2022 and is anticipated to reach US$ 33490 million by 2029, witnessing a CAGR of 4.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Synchronous Electric Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synchronous Electric Motors.
The Synchronous Electric Motors market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Synchronous Electric Motors market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Synchronous Electric Motors manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Key Segmentations
By Company
-ABB
-Bosch Rexroth
-Emerson Electric
-Siemens
-ALSTOM

Segment by Type
-DC Excited Synchronous Electric Motors
-Non-Excited Synchronous Electric Motors

Segment by Application
-Oil
-Chemical
-Power Generation
-Others

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This release was published on openPR.