What is the current Global Synchronous Motor Market size?

The Global Synchronous Motor Market is projected to register a CAGR of 3.40% during the forecast period (2024-2029) Read More

Who are the key players in Global Synchronous Motor Market?

Johnson Electric, Kirloskar Electric Co. Ltd., ABB Limited, Franklin Electric Co.Inc. and SEVA-tec GmbH are the major companies operating in the Global Synchronous Motor Market. Read More

Which is the fastest growing region in Global Synchronous Motor Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Synchronous Motor Market?

In 2024, the North America accounts for the largest market share in Global Synchronous Motor Market. Read More

What years does this Global Synchronous Motor Market cover?

The report covers the Global Synchronous Motor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Synchronous Motor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Synchronous Motor Market - Trends, Growth & Share

Synchronous Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Synchronous Motor Market Size and it is segmented by Type (DC Excited Rotor, Permanent Magnet, Hysteresis Motor, Reluctance Motor), by End-User Industry (Oil and Gas, Chemical and Petrochemical, Power Generation, Waste and Wastewater, Power Generation, Metal and Mining, Food and Beverage, Discrete Industries), and Geography.

Synchronous Motor Industry Overview

The global synchronous motor market is witnessing a rise in competitiveness among companies. The market consists of various major players, such as ABB Ltd., Johnson Electric, and Siemens AG. In terms of market share, these significant players currently dominate the market. However, with increasing technology innovations, many companies are increasing their market presence by securing new contracts and tapping new markets.

April 2021 - Yamaha Motor has developed a new electric Hyper-EV electric motor with a maximum power output of 469 BHP. The electric motor comes from an oil-cooled 800 volt Interior Permanent Magnet Synchronous Motor.