Synchronous Motor Drives Market Forecast 2026-2032: 8.9% CAGR to Push Global Revenue Beyond US$ 33 Billion

LOS ANGELES, United States: The global Synchronous Motor Drives market is expected to grow at a significant pace, reports QY Research. Its latest research report, titled "Global Synchronous Motor Drives Market Insights and Future Outlook 2026-2032". offers a unique point of view about the global market. Analysts believe that the changing consumption patterns are expected to have a great influence on the overall market. For a brief overview of the global Synchronous Motor Drives market, the research report provides an executive summary. It explains the various factors that form an important element of the market. It includes the definition and the scope of the market with a detailed explanation of the market drivers, opportunities, restraints, and threats.

The global Synchronous Motor Drives market was valued at US$ 18390 million in 2025 and is anticipated to reach US$ 33403 million by 2032, at a CAGR of 8.9% from 2026 to 2032.

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Market Overview

Synchronous motor drives are used to regulate the operation of synchronous motors by controlling voltage, frequency, and torque. They are essential in applications that demand stable speed under varying loads, energy savings, and smooth operation. Compared to induction motor systems, synchronous solutions often deliver higher efficiency and lower operational costs, making them attractive in modern industrial environments.

The market is witnessing increasing integration of digital communication capabilities, allowing real-time monitoring, predictive maintenance, and system optimization. As industries pursue automation and sustainability goals, synchronous motor drives are emerging as key enablers of operational excellence.

During the 2025-2031 forecast window, investment in advanced manufacturing, renewable energy facilities, and electric transportation systems will significantly contribute to rising sales volumes.

Market Key Drivers

Industrial automation remains a primary growth engine. Robotics, conveyors, compressors, pumps, and precision machinery require accurate and reliable motor control, driving adoption of synchronous drive systems.

Energy efficiency regulations are another major driver. Governments and regulatory bodies worldwide are encouraging upgrades to high-efficiency motor systems to reduce power consumption and carbon emissions.

Electrification of mobility is expanding opportunities beyond traditional industry. Rail transport, marine propulsion, and electric vehicles are incorporating synchronous motor technologies to achieve higher torque density and improved range.

Digital transformation initiatives are further influencing demand. Smart factories rely on interconnected systems where motor drives provide data for optimization and fault detection.

Additionally, lifecycle cost reduction is motivating end users to replace outdated equipment with modern drives that reduce maintenance and improve uptime.

Competitive Landscape

Both leading and emerging players of the global Synchronous Motor Drives market are comprehensively looked at in the report. The analysts authoring the report deeply studied each and every aspect of the business of key players operating in the global Synchronous Motor Drives market. In the company profiling section, the report offers exhaustive company profiling of all the players covered. The players are studied on the basis of different factors such as market share, growth strategies, new product launch, recent developments, future plans, revenue, gross margin, sales, capacity, production, and product portfolio.

ABB Group
Siemens
Schneider Electric
Danfoss
Rockwell Automation
Yaskawa Electric
Mitsubishi Electric
General Electric
Nidec Corporation
TECO-Westinghouse
Johnson Electric
Maxon Group
Baumüller Nürnberg
Parker Hannifin
Allied Motion
Regal Rexnord
Stöber
AMKmotion
VEICHI Electric
Hyosung Heavy Industries

Market Segmentation

Players can use the report to gain sound understanding of the growth trend of important segments of the global Synchronous Motor Drives market. The report offers separate analysis of product type and application segments of the global Synchronous Motor Drives market. Each segment is studied in great detail to provide a clear and thorough analysis of its market growth, future growth potential, growth rate, growth drivers, and other key factors. The segmental analysis offered in the report will help players to discover rewarding growth pockets of the global Synchronous Motor Drives market and gain a competitive advantage over their opponents.

Segment by Type

Permanent Magnet Type
Wound-Field Type
Reluctance Type

Segment by Application

Industrial
HVAC Systems
Automotive
Power & Energy
Aerospace & Defense
Others

Regional Insights

Asia-Pacific commands a substantial share of the global market, driven by rapid industrialization, infrastructure development, and large-scale manufacturing activity. Expansion of renewable energy and electric transport networks is reinforcing demand.

North America remains a strong market due to technological innovation, modernization of aging facilities, and significant investment in automation. Industries such as oil and gas, aerospace, and heavy manufacturing are key contributors.

Europe is witnessing stable growth, supported by strict environmental regulations and leadership in advanced engineering. Energy transition programs are encouraging adoption of high-efficiency drive systems.

Emerging economies in Latin America, the Middle East, and Africa are gradually increasing demand as industrial capacity expands and electrification initiatives gain momentum.

Market Trends & Dynamics

One of the most significant trends is convergence between power electronics and digital intelligence. Drives are becoming smarter, offering analytics that improve productivity and reduce downtime.

Miniaturization and improved thermal management are enabling higher power density without compromising performance.

Another dynamic is growing interest in retrofit projects. Many facilities are upgrading legacy motors with modern drive technology to enhance efficiency.

Cybersecurity considerations are emerging as connectivity increases, prompting manufacturers to develop secure communication protocols.

Sustainability goals continue to shape purchasing decisions, with emphasis on reducing energy usage across industrial operations.

Reasons to Procure this Report: -

(A) The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

(B) The report provides Synchronous Motor Drives market revenues at the worldwide, regional, and country-level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim.

(C) The research includes the Synchronous Motor Drives market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

(D) Synchronous Motor Drives market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

(E) This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

(F) The study helps evaluate Synchronous Motor Drives business predictions by region, key countries, and top companies' information to channel their investments.

Between 2025 and 2031, the Synchronous Motor Drives market is expected to remain a cornerstone of industrial modernization and energy transition. Growing demand for efficient, reliable, and digitally connected systems will sustain expansion and reshape competitive rankings.

Investors are likely to find attractive opportunities linked to electrification and automation trends. Manufacturers must prioritize innovation, integration, and global service capabilities. Researchers will continue advancing materials, algorithms, and control strategies that enhance performance.

As industries worldwide pursue smarter and greener operations, synchronous motor drives will remain central to delivering precision motion and energy efficiency in an increasingly connected world.

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Important Sections from Table of Contents

Report Overview: It provides a quick look at product and application segments of the global Synchronous Motor Drives market, major players, study objectives, years considered, and research scope.

Executive Summary: It provides an overview of the entire market research study and quick information on the global Synchronous Motor Drives market.

Marketing Strategy Analysis: It includes thorough analysis of downstream customers, distributors, and sales channels.

Market Influence Factors Analysis: It includes Porter's Five Forces Analysis of the global Synchronous Motor Drives market and an in-depth study on market risks, challenges, opportunities, and other dynamics.

Size Forecasts: The Synchronous Motor Drives report has analysed the industry based on the value and volume over the projected period. Other important parameters including price, capacity, cost, revenue, gross margin, sales revenue, and production are also looked into

Future Prospects: The Synchronous Motor Drives report sheds light on the lucrative business prospects that may prove promising for the players to make future investment

Trend Analysis: The readers will gain an insight into the upcoming trends and developments that may take place in the coming future

Market Size by Product and Application: It includes accurate market size forecasts for different product and application segments of the global Synchronous Motor Drives market.

Production by Regions: This section throws light on import and export scenarios, leading players, production value growth rate, and production growth rate of all regions included in the Synchronous Motor Drives report.

Competitive Analysis: The Synchronous Motor Drives report here discusses about the key strategic initiatives considered by the key players to sustain their hold. This analysis will surely help the competitors in planning their activities ahead.

Cost and Price Analysis: The authors of the report have taken into account almost all factors influencing the costing and pricing scenarios of the global Synchronous Motor Drives market.

Recommendations: Players can use the recommendations provided in the report to increase their competitiveness in the global Synchronous Motor Drives market.

Appendix: It covers a disclaimer, author details, data sources, research approach, and research methodology.

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