Synchronous Electric Motors Market, Global Outlook and Forecast 2023-2029

A synchronous electric motor is an AC motor in which, at steady state, the rotation of the shaft is synchronized with the frequency of the supply current; the rotation period is exactly equal to an integral number of AC cycles. Synchronous motors contain multiphase AC electromagnets on the stator of the motor that create a magnetic field which rotates in time with the oscillations of the line current. The rotor with permanent magnets or electromagnets turns in step with the stator field at the same rate and as a result, provides the second synchronized rotating magnet field of any AC motor. A synchronous motor is termed doubly fed if it is supplied with independently excited multiphase AC electromagnets on both the rotor and stator.
This report aims to provide a comprehensive presentation of the global market for Synchronous Electric Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synchronous Electric Motors. This report contains market size and forecasts of Synchronous Electric Motors in global, including the following market information:
Global Synchronous Electric Motors Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Synchronous Electric Motors Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Synchronous Electric Motors companies in 2022 (%)
The global Synchronous Electric Motors market was valued at US$ 25390 million in 2022 and is projected to reach US$ 33850 million by 2029, at a CAGR of 4.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The rising need for precise operating speeds and position control is identified as one of the primary growth factors for this market. The precise movement and position control of machines from light-duty to heavy-duty applications with specific operating speeds is driving the increased adoption of synchronous electric motors. The accurate movements of the machine bed assists in locating the machining area and lowers the temperature during operations to increase the lifetime of the motors. This determines and improves the quality of synchronous electric motors that are developed. Moreover, the effective deployment of synchronous electric motors creates faster, smoother, and vibration less movement of machine operations and offers improved precision and position control. In addition to the wide usage of these motors in metals and mining, power generation, and oil and gas machines, there is an increased adoption of these machines in other industrial applications, which will in turn, create a favorable market for synchronous electric motors.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Synchronous Electric Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Synchronous Electric Motors Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Synchronous Electric Motors Market Segment Percentages, by Type, 2022 (%)
    DC Excited Synchronous Electric Motors
    Non-Excited Synchronous Electric Motors
Global Synchronous Electric Motors Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Synchronous Electric Motors Market Segment Percentages, by Application, 2022 (%)
    Oil
    Chemical
    Power Generation
    Others
Global Synchronous Electric Motors Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Synchronous Electric Motors Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Synchronous Electric Motors revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Synchronous Electric Motors revenues share in global market, 2022 (%)
Key companies Synchronous Electric Motors sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Synchronous Electric Motors sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    ABB
    Bosch Rexroth
    Emerson Electric
    Siemens
    ALSTOM
Outline of Major Chapters:
Chapter 1: Introduces the definition of Synchronous Electric Motors, market overview.
Chapter 2: Global Synchronous Electric Motors market size in revenue and volume.
Chapter 3: Detailed analysis of Synchronous Electric Motors manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Synchronous Electric Motors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Synchronous Electric Motors capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.