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

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70478
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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.

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

Synchronous-Electric-Motors-Market-Market-Size-2020-2025

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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.

  • The increasing demand for energy-efficient motors will fuel the growth of the synchronous electric motors market size.
  • Synchronous electric motors are the key component in providing higher efficiency to industrial applications, which are controlled by variable-speed drives.
  • The development in the rotor structure of synchronous electric motors helps in eliminating rotor cage losses, which benefit in increasing efficiency and compactness. 
  • The developments in simplifying the motor design are largely helping in improving the efficiency of synchronous electric motors.
  • The growing need for precise operating speed and position control is one of the significant factors driving synchronous electric motors market growth.
  • The precise movement and position control of machines, from light-duty to heavy-duty applications, with brake and precise operating speeds are driving the increased adoption of synchronous electric motors.
  • The effective deployment of synchronous electric motors and related drive systems creates faster, smoother, and vibration-less movement of machine operations, where there is an increasing need for precision and position control.
  • The continuous and faster operations in the end-user applications have also driven the market for precise actions with the support of synchronous electric motors.

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?

Synchronous-Electric-Motors-Market-Market-Share-by-Region-2020-2025

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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?

Synchronous-Electric-Motors-Market-Market-Share-by-Product-2020-2025

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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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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 ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • DC excited synchronous electric motors - Market size and forecast 2020-2025
    • Non-excited synchronous electric motors - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Oil and gas - Market size and forecast 2020-2025
    • Chemical and petrochemical - Market size and forecast 2020-2025
    • Metals and mining - Market size and forecast 2020-2025
    • Power generation - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    Synchronous Electric Motors market growth will increase by $5.29 billion during 2020-2025.
    The synchronous electric motors market is expected to grow at a CAGR of 4.50% during 2020-2025.
    Technavio has segmented the synchronous electric motors market 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 geographic (APAC, Europe, North America, MEA, and South America).
    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 are a few of the key vendors in the synchronous electric motors market.
    APAC will register the highest growth rate of 42.34% among the other regions. Therefore, the synchronous electric motors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the synchronous electric motors market growth are:
    • Increasing demand for energy-efficient motors
    The synchronous electric motors market vendors should focus on grabbing business opportunities from the dc excited synchronous electric motors segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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