Synchronous Motor Market Size

Growing demand for synchronous motors in automation is driving the market growth

Market CAGR for synchronous motor is being driven by the rising demand for synchronous motors in automation industry. Synchronous motors involve alternating current motors that consist of a revolving rotor with coils which pass magnets at the same rate as that of the alternating current, and the rotor is driven by the resulting rotating magnetic field. The synchronous motors are available in industrial capacities ranging from small to large, based on the use for which they are intended.

Small synchronous motors are utilized in applications requiring constant speed, while larger synchronous motors with higher efficiency ratings provide greater efficacy for converting AC energy to work and ensure power factor correction. The speed and torque characteristics of synchronous motors make them optimal for compressors that reciprocate and driving more horsepower.

Additionally, According to the energy agency (IEA), electric motors account for approximately fifty percent of the world's electricity usage. AC motors are regarded as an integral part of the industrial sector. Diverse industrial applications, including conveyors, mixers, pumps, fans, hoists, and crushers, are powered by AC motors. With the increasing emphasis on enhancing the emission criteria for environmental support in regions such as North America, there has been a strong emphasis on increasing the motors' efficiency. IE5 is one of the future-oriented standards that have been established in this regard.

Modern technological advancements have facilitated the development of electric motors for a variety of end-user industries, including the automotive, oil and gas, and power generation industries, among others.

Increased demand for power supply and advantages such as high efficiency, power factor correction, and optimal power usage will increase market demand worldwide. In addition, the expanding use of synchronous motors in the oil & gas industry is anticipated to expand the market for synchronous motors. In addition to industrial applications, the product has a variety of uses in record players, ball mills, and tape recorders. This will contribute to the expansion of the market.

For instance, the rising demand for electric vehicles as a result of green energy trends and the need to reduce environmental degradation caused by vehicle emissions will create new growth opportunities for the market for synchronous motors. This results in driving the Synchronous Motor market revenue.

The Global Synchronous Motor Market Industry is characterized by several key trends and projections. The market is expected to reach 23.9 USD Billion in 2024, with a compound annual growth rate of 4.19% anticipated from 2025 to 2035. This growth trajectory reflects the increasing adoption of synchronous motors across various sectors, driven by factors such as energy efficiency, technological advancements, and regulatory support. As industries continue to prioritize sustainability and automation, the demand for synchronous motors is likely to rise, indicating a robust future for the market.

The Global Synchronous Motor Market Industry benefits from the ongoing growth in industrial automation. As manufacturers seek to enhance productivity and reduce operational costs, the adoption of synchronous motors in automated systems becomes increasingly prevalent. These motors provide precise control and high torque at low speeds, making them ideal for applications in robotics and conveyor systems. The increasing trend towards automation across various sectors, including automotive and electronics, is expected to propel the market forward. With the anticipated market value of 23.9 USD Billion in 2024, the demand for synchronous motors is poised to rise in tandem with industrial automation efforts.

The Global Synchronous Motor Market Industry experiences a notable surge in demand for energy-efficient solutions. As industries increasingly prioritize sustainability, synchronous motors, known for their high efficiency and low energy consumption, gain traction. For instance, the transition to synchronous motors in manufacturing and HVAC systems can lead to energy savings of up to 30 percent. This shift aligns with global initiatives aimed at reducing carbon footprints, thereby enhancing the appeal of synchronous motors. The market is projected to reach 23.9 USD Billion in 2024, reflecting the growing emphasis on energy efficiency across various sectors.

The Global Synchronous Motor Market Industry is significantly influenced by the expansion of renewable energy sources. As countries strive to meet renewable energy targets, synchronous motors are increasingly utilized in wind turbines and hydroelectric plants due to their ability to operate efficiently at variable speeds. This trend is particularly evident in regions investing heavily in renewable infrastructure. The integration of synchronous motors in these applications not only enhances energy conversion efficiency but also supports global sustainability goals. Consequently, the market is anticipated to grow, reaching 37.6 USD Billion by 2035, driven by the rising adoption of renewable energy technologies.

Regulatory frameworks promoting energy efficiency standards significantly impact the Global Synchronous Motor Market Industry. Governments worldwide are implementing stringent regulations aimed at reducing energy consumption and greenhouse gas emissions. These regulations often mandate the use of high-efficiency motors in various applications, thereby driving the demand for synchronous motors. For instance, the implementation of energy efficiency standards in the European Union has led to increased adoption of synchronous motors in industrial applications. As these regulations become more widespread, the market is likely to expand, contributing to the projected growth of 37.6 USD Billion by 2035.

Technological innovations play a pivotal role in shaping the Global Synchronous Motor Market Industry. Recent advancements in motor design, such as the integration of smart technologies and improved materials, enhance performance and reliability. For example, the development of permanent magnet synchronous motors has led to increased torque density and reduced size, making them suitable for various applications. These innovations not only improve operational efficiency but also contribute to the overall growth of the market. As industries adopt these advanced solutions, the market is expected to witness a compound annual growth rate of 4.19% from 2025 to 2035.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Synchronous Motor market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Synchronous Motorindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Synchronous Motor industry to benefit clients and increase the market sector. In recent years, the Synchronous Motor industry has offered some of the most significant advantages to motor industry. Major players in the Synchronous Motor market, including ABB, Siemens, General Electric, Rockwell Automation Inc., Toshiba Corporation, WEG SA, Hitachi Ltd, and Bosch Group, and others, are attempting to increase market demand by investing in research and development operations.

ABB Ltd. is a multinational Swedish-Swiss corporation with its headquarters in Zürich, Switzerland. ASEA was created in 1988 when Allmanna Svenska Elektriska Aktiebolaget (ASEA) of Sweden and Brown, Boveri & Cie of Switzerland merged. A later abbreviation for Brown Boveri was ABB. Both companies were significant electrical equipment manufacturers when they were founded in the late 1800s, a business in which ABB is still engaged. Since then, the business has also expanded into robotics and automation technology. The Electrification division of ABB provides products and services from substation to outlet.

Customers consist of a vast array of industrial and utility enterprises, as well as commercial and residential structures. The company has significant exposure to a number of swiftly expanding markets, such as renewable, e-mobility, data centers, and smart buildings. In 2020, ABB announced that it had reached an agreement to sell its solar inverter division to the Italian manufacturer Fimer. All of ABB's production and research and development facilities in Finland, Italy, and India, as well as 800 employees in 26 countries, are included in the transaction.

Siemens is the largest industrial manufacturer in Europe and the largest German multinational conglomerate. It is headquartered in Munich and has a number of overseas branches.

 Digital Industries, Smart Infrastructure, Mobility, Healthcare, and Financial Services are the company's key divisions. The company is a prominent manufacturer of medical diagnostic equipment; its medical healthcare division, which generates approximately 12 percent of the company's total revenues, is its second-most profitable division after the industrial automation division. In 2022, Siemens and Swedish electric industrial vehicle manufacturer Volta Trucks announced a strategic partnership to deliver and scale eMobility infrastructure for charging to facilitate the transition to fleet electrification.