Synchronous Motors Market Report

Market Insights

“The synchronous motors market size was US$ 23.9 billion in 2023 and is likely to grow at a decent CAGR of 4.2 % in the long run to reach US$ 33.2 billion in 2032.”

Market Dynamics

Introduction

The synchronous motors market plays a vital role in ensuring the efficiency and reliability of various industrial, commercial, and infrastructure applications. These motors operate at a constant speed, precisely synchronized with the supply frequency, making them essential for applications requiring high efficiency, precise control, and consistent performance. Synchronous motors are widely used in industries such as manufacturing, power generation, HVAC systems, and robotics, where their ability to optimize energy consumption and maintain operational stability is crucial. Specialized manufacturers and service providers drive this market, offering innovative solutions that enhance performance, reduce energy costs, and support sustainable industrial practices.

Segment Analysis

By Application Type

“Fans are expected to remain both, dominant as well as the fastest-growing application of synchronous motors in the market during the forecast period.”

The synchronous motors market is segmented into pumps, fans, extruders, conveyors, compressors, mixers, others. Fans are expected to remain dominant and the fastest-growing application type in the market during the forecast period.

Fans are the leading application for synchronous motors because they need steady, efficient, and reliable performance. These motors run at a constant speed, ensuring smooth airflow in HVAC systems, industrial ventilation, and cooling applications. They also help save energy, reduce maintenance, and improve power efficiency, making them a smart choice for both homes and industries. As buildings and factories look for greener and smarter solutions, synchronous motors continue to power fans with precision, durability, and cost-effectiveness.

By End-User Type

“Oil & Gas is expected to remain the pioneer in the market during the forecast period.”

The market is segmented into chemicals & petrochemicals, oil & gas, metal plants, mining, pulp & paper, and others. The oil & gas industry is the biggest user of synchronous motors because these motors deliver high efficiency, reliability, and precise control, which are essential for heavy-duty operations.

From pumping crude oil to running massive compressors and drilling equipment, synchronous motors help keep everything running smoothly while reducing energy costs. Their ability to handle harsh environments, heavy loads, and long operating hours makes them a perfect fit for the industry. As oil & gas companies focus on efficiency and sustainability, the demand for these motors continues to grow.

By Voltage Type

“Medium voltage is expected to remain the forerunner of the market throughout the forecast period.”

The market is segmented into low voltage and medium voltage motors. Medium-voltage synchronous motors are the most popular because they strike the perfect balance between power, efficiency, and cost-effectiveness.

These are strong enough to handle heavy industrial applications like oil & gas, mining, and power generation, but they don’t require the complex infrastructure of high-voltage systems. These motors can efficiently run large pumps, compressors, and conveyors, delivering reliable performance while keeping energy costs in check. As industries look for durable and energy-efficient solutions, medium-voltage synchronous motors remain the go-to choice.

By Mount Type

“Horizontal mount held an irrefutable lead in the market during the forecast period.”

The market is segmented into horizontal and vertical mounts. Horizontal mount synchronous motors are the preferred ones as they offer stability, easy installation, and versatility for a wide range of industries.

Horizontal mounted synchronous motors are commonly used in pumps, fans, conveyors, and compressors, where a steady and secure setup is essential. Compared to vertical mounts, horizontal motors are easier to maintain, align, and integrate into existing systems, making them the preferred choice for heavy-duty industrial applications. Their ability to handle high power loads with reliability keeps them in high demand across industries like oil & gas, manufacturing, and power generation.

Regional Analysis

“North America is expected to hold the largest share of the market for synchronous motors during the forecast period.”

North America leads the synchronous motors market because of its strong industrial base, high energy efficiency standards, and advanced infrastructure. Industries like oil & gas, manufacturing, power generation, and HVAC heavily rely on these motors for their reliability and energy savings. The region’s focus on sustainability and smart technologies has also driven demand for high-efficiency motors. With major players investing in innovation and a growing push for eco-friendly solutions, North America continues to dominate the market.

Key Players

The market has a fair presence of active players. The following are the key players in the synchronous motors market

Here is the list of the Top Players (Based on Dominance)

• ABB Ltd.
• Siemens AG
• General Electric
• Rockwell Automation Inc
• Toshiba Corporation
• WEG SA
• Bosch Group
• Johnson Electric Holdings Limited
• Hitachi Ltd
• Emerson Electric Co.
• Nidec Corporation
• Arc Systems Inc.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The synchronous motors market is segmented into the following categories. 

Synchronous Motors Market, by Application Type

• Pumps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Fans (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Extruders (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Conveyors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Compressors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mixers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Synchronous Motors Market by End-User Type

• Chemicals & Petrochemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Metal Plants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pulp & Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Synchronous Motors Market by Voltage Type

• Low Voltage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Medium Voltage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Synchronous Motors Market by Mount Type

• Horizontal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Vertical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Synchronous Motors Market by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s North American aerospace MRO market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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