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The synchronous electric motors market has the potential to grow by USD 5.29 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.50%.
This synchronous electric motors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (DC excited synchronous electric motors and non-excited synchronous electric motors), end-user (oil and gas, chemical and petrochemical, metals and mining, power generation, and others), and geography (APAC, Europe, North America, MEA, and South America). The synchronous electric motors market report also offers information on several market vendors, including ABB Ltd., Baumuller Nurnberg GmbH, Bosch Rexroth AG, Emerson Electric Co., Nidec Corp., Rockwell Automation Inc., Siemens AG, Toshiba Corp., VEM Group, and WEG Equipamentos Eletricos SA among others.
Browse TOC and LoE with selected illustrations and example pages of Synchronous Electric Motors Market
The increasing demand for energy-efficient motors is notably driving the synchronous electric motors market growth, although factors such as high cost of synchronous electric motors when compared with induction motors may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the synchronous electric motors industry get your FREE report sample now.
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This synchronous electric motors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The synchronous electric motors market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the synchronous electric motors market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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42% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for synchronous electric motors in APAC. Market growth in this region will be faster than the growth of the market in South America.
The increase in domestic demand coupled with the growing automation market for cost-effective operations and less power consumption due to the adoption of synchronous electric motors will facilitate the synchronous electric motors market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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The synchronous electric motors market share growth by the DC excited synchronous electric motors segment will be significant during the forecast period. The demand for DC excited synchronous electric motors in the oil and gas, power generation, metals and mining, chemical, and petrochemical industries is providing a boost to the market and is expected to grow during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the synchronous electric motors market size.
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Synchronous Electric Motors Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
Market growth 2021-2025 |
$ 5.29 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.09 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 42% |
Key consumer countries |
China, US, Germany, UK, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Baumuller Nurnberg GmbH, Bosch Rexroth AG, Emerson Electric Co., Nidec Corp., Rockwell Automation Inc., Siemens AG, Toshiba Corp., VEM Group, and WEG Equipamentos Eletricos SA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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