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Single Phase Synchronous Reluctance Motor Market Size, Share, Growth, Forecast, and Analysis | Valuates Reports
Single Phase Synchronous Reluctance Motor Market SizeThe global AC synchronous reluctance motor market size will be approximately US$170.31 million in 2021, and is expected to reach US$301.36 million in 2028, with a compound annual growth rate (CAGR) of 8.30% during 2022-2028.
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Market Trends
The Single Phase Synchronous Reluctance Motor Market is witnessing steady growth owing to the rising need for energy-efficient motor technologies in various sectors. These motors offer high reliability and consistent performance, particularly in applications like household appliances, HVAC systems, and small machinery. Their ability to deliver constant speed regardless of load variation makes them highly desirable in automation and industrial control systems, driving overall market size and expansion.
Market Share
Asia-Pacific currently holds a significant market share due to the rapid development of industrial infrastructure and rising demand for cost-effective and efficient electric motors. Regions such as North America and Europe are also contributing to market growth with the adoption of green technologies and stricter energy efficiency regulations. The market is seeing increasing interest from manufacturers focused on innovation and sustainability, further influencing regional and global market share dynamics.
Market Forecast
Looking ahead, the market forecast indicates continued momentum, supported by technological advancements and the integration of smart components in motor systems. Growth is being propelled by increased R&D investments, shifting industry trends toward low-emission alternatives, and higher adoption of synchronous reluctance motors in automation and robotics. With growing awareness around energy savings and equipment longevity, the market is expected to see strong gains in both volume and revenue.
Market Growth and Analysis
The overall market growth is being driven by demand for motors that combine operational efficiency with reduced maintenance costs. The single phase synchronous reluctance motor's ability to enhance energy savings and reduce lifecycle costs is making it a preferred option in both developed and emerging economies. A deep market analysis highlights growing competition, with companies investing in innovation, customization, and expansion strategies to capture a larger portion of the evolving market landscape.
by Type
• 0-30 KW
• 30-100 KW
• Above 100 KW
by Application
• Textile Industry
• Automobile Industry
• Pump Industry
• Generator Industry
• Others
By Company
ABB, Siemens, KSB (REEL), Danfoss, Bonfiglioli, Oemer Motors, Relaoto, Mark Elektriks, Nidec Leroy-Somer
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