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Synchronous Electric Motor Market - Growth Forecast & Technological Breakthroughs Analysis in Next Few Years
A synchronous electric motor has got a special type of rotor construction which lets it rotate at the exact same speed that is, in synchronization - with the stator field. An example of a synchronous electric motor is a stepping motor, which is widely used in different applications that involves position control. However, very recent advances in the power-control circuitry has given rise to the synchronous-motor design optimized for the use in higher power situations like blowers, fans, and to drive axles in the off-road vehicles.The growth of synchronous electric motor market is highly reliant on the growth of heating, ventilation and cooling system in building automation globally.Get an exclusive sample of this report @
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For purpose of in depth analysis, the synchronous electric motor market has been segmented on the basis of mounting type, voltage class, application and geography. Based on the mounting type, the market has been segmented into two types they are like horizontal mounting synchronous motor and vertical mounting synchronous motor.Based on the voltage class, the market has been segmented into two types they are likemedium voltage class synchronous motor and low voltage class synchronous motor. Various types of applications of synchronous electric motors include compressors, pumps, fans, conveyer belts, extruders and mixers among others. Moreover, this report also provide cross functional analysis of all the above mentioned segment across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.
Increasing demand for fans for the purpose of heating, ventilation and cooling system in building automation is acting as a major growth driver for the synchronous electric motor market. Rising demand of synchronous electric motor in agriculture and industrial sector and increase in government incentives are acting as a key growth drivers for this market. Therefore, the rising demand of electric motors for HVAC application is anticipated to increase the growth of synchronous electric motor market during the forecast period from 2017 to 2025. In addition, very high efficiency which is associated with the synchronous electric motors keeps it in an advantageous position in comparison to the induction motors in turn this is also anticipated to increase the demand of synchronous electric motors in coming years.
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In spite of many driving factors, the synchronous electric motor marketis expected to show a very slow growth almost at a snail’s pace because of high initial cost of the electric motors. Less portability of the electric motor and standardization of policies in the emerging economies are restraining factors for the synchronous electric motor market. Reduced under loading, improved power quality and rewinding are few factors which are going to create significant opportunity for synchronous electric motor in coming years.Apart from that the growth of usage of energy efficient motors is also acting as an opportunity for the synchronous electric motor marketin the forecast period from 2017-2025.
By application, the fans type held the largest market share because by using the synchronous electric motor, the speed of fan can be easily controlled through variable motor speed operation.Various application of the synchronous motor in heating and cooling unit has increased meaningfully in recent past, and this trend is expected to be continued in the coming future, due to its speed control property and enhanced electric system efficiency.
Geographically, the global synchronous electric motoris mainly driven by the Asia Pacific region. Growing demand of electric motors in the manufacturing industries and increasing awareness about the energy efficiency is driving the market of Asia Pacific region. Rising energy cost expected to drive the synchronous electric motorrapidly across various industries. This region is expected to maintain its dominance in the market during the forecast period owingto the presence of huge number of electric motor manufacturers in countries like China and India among others.
Some of the leading players operating in the synchronous electric motor market includes Rockwell Automation(The U.S.),General Electric (The U.S.), Emerson Electric (The U.S.),Nidec Corporation (Japan),Toshiba Corporation (Japan),ABB Limited (Switzerland),Siemens AG (Germany),WEG S.A. (Brazil), and Johnson Electric Holding Ltd. (Hong Kong) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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