Synchronous Electric Motors Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

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.

What will the Synchronous Electric Motors Market Size be in 2021?

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Synchronous Electric Motors Market: Key Drivers and Trends

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.

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.

Who are the Major Synchronous Electric Motors Market Vendors?

The report analyzes the market’s competitive landscape and 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
• WEG Equipamentos Eletricos SA

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. 

Which are the Key Regions for Synchronous Electric Motors Market?

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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.

What are the Revenue-generating Product Segments in the Synchronous Electric Motors Market?

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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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What are the Key Factors Covered in this Synchronous Electric Motors Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive synchronous electric motors market growth during the next five years
• Precise estimation of the synchronous electric motors market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the synchronous electric motors industry across APAC, Europe, North America, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of synchronous electric motors market vendors

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