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Add to CartGlobal Synchronous Motors Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Application;
Pumps, Fans, Extruders, Conveyors, Compressors, Mixers and Others.By End-User;
Chemicals & Petrochemicals, Oil & Gas, Metal Plants, Mining, Pulp & Paper and Others.By Voltage;
Low Voltage and Medium Voltage.By Mount Type;
Horizontal and Vertical.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Synchronous Motors Market (USD Million), 2021 - 2031
In the year 2024, the Global Synchronous Motors Market was valued at USD 24,417.37 million. The size of this market is expected to increase to USD 32,023.61 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.95%.
The global synchronous motors market is poised for significant growth from 2024 to 2030, driven by advancements in industrial automation, energy efficiency demands, and the growing adoption of electric vehicles (EVs). Synchronous motors, known for their precise speed control and high efficiency, are increasingly being utilized in a variety of applications ranging from industrial machinery to HVAC systems and renewable energy generation. Their ability to maintain constant speed under varying loads makes them ideal for applications requiring precise motion control and energy efficiency.
One of the primary drivers of the synchronous motors market is the rise in industrial automation. As industries worldwide seek to enhance productivity and reduce operational costs, the demand for reliable and efficient motors has surged. Synchronous motors, with their superior performance characteristics, are being integrated into automated systems to drive various mechanical processes. The adoption of Industry 4.0 technologies, which emphasizes interconnected and smart manufacturing systems, further bolsters the demand for synchronous motors.
Energy efficiency is another critical factor propelling the market forward. With stringent energy regulations and increasing awareness of sustainability, industries and consumers alike are prioritizing energy-efficient solutions. Synchronous motors are well-regarded for their high efficiency and low energy consumption, making them a preferred choice in applications where energy savings are paramount. The shift towards renewable energy sources also fuels the market, as synchronous motors are used in wind turbines and other renewable energy systems to convert mechanical energy into electrical energy efficiently.
Geographically, the synchronous motors market is witnessing robust growth across various regions, including North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America. North America and Europe lead the market due to advanced industrial infrastructure, supportive government policies, and a strong focus on energy efficiency. Meanwhile, the Asia Pacific region is anticipated to experience significant growth driven by rapid industrialization, urbanization, and increasing investments in renewable energy projects. Countries like China, India, and Japan are key contributors to the market expansion in this region, supported by government initiatives and economic growth.
Global Synchronous Motors Market Recent Developments
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In January 2024, ABB unveiled high-efficiency synchronous motors designed for industrial energy savings.
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In June 2022, Siemens Energy launched compact synchronous motors optimized for renewable energy applications.
Segment Analysis
The global synchronous motors market is set for substantial growth from 2024 to 2030, driven by their increasing application across various industries and advancements in motor technology. The market is segmented by application, end-user, voltage, mount type, and geography, each providing a detailed perspective on market dynamics and growth opportunities.
The synchronous motors market is segmented by application into pumps, fans, extruders, conveyors, compressors, mixers, and others. Pumps and fans are significant applications due to their widespread use in HVAC systems, water treatment plants, and industrial processes. Extruders and conveyors are essential in manufacturing and material handling industries, where precise speed control is critical. Compressors and mixers are extensively used in chemical processing, oil & gas, and food & beverage industries, leveraging the efficiency and reliability of synchronous motors for consistent performance.
End-user segmentation includes chemicals & petrochemicals, oil & gas, metal plants, mining, pulp & paper, and others. The chemicals & petrochemicals sector is a major user of synchronous motors, benefiting from their ability to operate under demanding conditions with high efficiency. The oil & gas industry also relies heavily on these motors for upstream, midstream, and downstream processes. Metal plants and mining operations utilize synchronous motors for their robustness and capability to handle heavy loads. In the pulp & paper industry, synchronous motors are crucial for driving large machinery used in paper production and processing.
The market is categorized by voltage into low voltage and medium voltage synchronous motors. Low voltage motors are typically used in applications requiring less power, such as small machinery, HVAC systems, and domestic appliances. Medium voltage motors are employed in high-power applications, including heavy industrial machinery, large pumps, and compressors. The choice of voltage depends on the specific requirements of the application, influencing factors such as energy efficiency, cost, and operational performance.
Segmentation by mount type includes horizontal and vertical synchronous motors. Horizontal mount motors are widely used in applications where space and alignment are not constraints, such as conveyors and industrial machinery. Vertical mount motors are preferred in applications where space is limited or specific mechanical configurations are needed, such as in water pumps and certain types of mixers. The mount type affects the installation, maintenance, and operational efficiency of synchronous motors.
Geographically, the synchronous motors market spans North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe lead the market due to their advanced industrial base, stringent energy efficiency regulations, and significant investments in automation and renewable energy projects. The Asia Pacific region is expected to witness the highest growth rate, driven by rapid industrialization, urbanization, and increasing adoption of advanced manufacturing technologies. Key countries in this region include China, India, and Japan. The Middle East and Africa and Latin America are also emerging markets, with growing infrastructure development and industrial activities fueling demand for synchronous motors.
Overall, the global synchronous motors market is poised for robust growth, supported by technological advancements, increasing energy efficiency mandates, and the expanding scope of industrial applications.
Global Synchronous Motors Segment Analysis
In this report, the Global Synchronous Motors Market has been segmented by Application, End-User, Voltage, Mount Type and Geography.
Global Synchronous Motors Market, Segmentation by Application
The Global Synchronous Motors Market has been segmented by Application into Pumps, Fans, Extruders, Conveyors, Compressors, Mixers and Others.
The synchronous motors market is segmented by application into pumps, fans, extruders, conveyors, compressors, mixers, and others. Pumps and fans are particularly significant applications due to their extensive use in HVAC systems, water treatment plants, and various industrial processes. In these settings, synchronous motors offer precise speed control and high efficiency, which are crucial for maintaining consistent airflow and fluid movement, thereby ensuring optimal operational performance and energy savings. Their reliability and ability to operate under varying loads make them ideal for these critical applications, driving their demand across multiple sectors.
Extruders and conveyors are essential applications in manufacturing and material handling industries, where precise speed control is vital for maintaining the quality and efficiency of production processes. Synchronous motors provide the necessary accuracy and performance consistency required for these operations, making them indispensable in these settings. Additionally, compressors and mixers extensively utilize synchronous motors in chemical processing, oil & gas, and food & beverage industries. The efficiency and reliability of synchronous motors in handling heavy-duty tasks and maintaining stable performance under different operational conditions enhance their adoption in these sectors, supporting continuous and efficient production processes.
Global Synchronous Motors Market, Segmentation by End-User
The Global Synchronous Motors Market has been segmented by End-User into Chemicals & Petrochemicals, Oil & Gas, Metal Plants, Mining, Pulp & Paper and Others.
End-user segmentation of the synchronous motors market includes chemicals & petrochemicals, oil & gas, metal plants, mining, pulp & paper, and others. The chemicals & petrochemicals sector is a significant user of synchronous motors, benefiting from their ability to operate efficiently under demanding conditions. These motors are crucial for maintaining precise control and consistent performance in processes such as chemical reactions, refining, and material handling, where reliability and energy efficiency are paramount. The oil & gas industry also heavily relies on synchronous motors for various stages of production, including upstream, midstream, and downstream processes. In these applications, synchronous motors provide the robustness and precision required to handle complex operations, such as drilling, pumping, and refining, ensuring smooth and efficient energy production.
Metal plants and mining operations utilize synchronous motors for their ability to handle heavy loads and operate reliably in harsh environments. These motors are essential for driving machinery involved in metal extraction, processing, and production, where maintaining operational efficiency and minimizing downtime are critical. In the pulp & paper industry, synchronous motors play a vital role in driving large machinery used for paper production and processing. Their precise speed control and high efficiency ensure consistent quality and productivity in paper manufacturing processes. Overall, the versatility and reliability of synchronous motors make them indispensable across various industrial sectors, supporting continuous and efficient operations.
Global Synchronous Motors Market, Segmentation by Voltage
The Global Synchronous Motors Market has been segmented by Voltage into Low Voltage and Medium Voltage.
The synchronous motors market is categorized by voltage into low voltage and medium voltage motors, each serving distinct application needs. Low voltage synchronous motors are generally utilized in applications requiring less power, such as small machinery, HVAC systems, and domestic appliances. These motors are valued for their ability to provide precise speed control and high efficiency in low-power scenarios, making them ideal for maintaining energy efficiency and operational reliability in residential and light industrial settings. Their use in HVAC systems, for example, helps in achieving optimal climate control while minimizing energy consumption.
On the other hand, medium voltage synchronous motors are employed in high-power applications that demand greater robustness and capacity. These include heavy industrial machinery, large pumps, compressors, and other equipment used in sectors such as manufacturing, mining, and oil & gas. Medium voltage motors are designed to handle substantial loads and operate efficiently under challenging conditions, providing the necessary power and performance for large-scale industrial operations. The choice between low and medium voltage motors depends on the specific requirements of the application, with considerations for energy efficiency, cost, and overall operational performance playing critical roles in determining the appropriate motor type. This segmentation allows for tailored solutions that meet the diverse demands of different industries, enhancing productivity and energy management.
Global Synchronous Motors Market, Segmentation by Mount Type
The Global Synchronous Motors Market has been segmented by Mount Type into Horizontal and Vertical.
Segmentation by mount type for synchronous motors includes horizontal and vertical mounts, each catering to different application requirements and spatial constraints. Horizontal mount synchronous motors are widely used in scenarios where space and alignment are not significant constraints. These motors are ideal for applications such as conveyors, industrial machinery, and large-scale manufacturing processes. The horizontal orientation allows for easy installation and maintenance, making them suitable for environments where accessibility and straightforward alignment are feasible. Their widespread use in these settings underscores their reliability and adaptability to various industrial needs.
In contrast, vertical mount synchronous motors are preferred in applications where space is limited or specific mechanical configurations are required. These motors are commonly utilized in water pumps, certain types of mixers, and other equipment where a vertical alignment is necessary due to design or spatial considerations. The vertical orientation of these motors allows them to fit into tighter spaces and integrate seamlessly with equipment that has a vertical operational axis. This mount type can significantly impact the ease of installation, maintenance, and overall operational efficiency, especially in compact or vertically-oriented industrial setups. The choice between horizontal and vertical mounts ultimately depends on the specific requirements of the application, including spatial constraints, installation ease, and maintenance needs, ensuring optimal performance and efficiency of synchronous motors in diverse industrial environments.
Global Synchronous Motors Market, Segmentation by Geography
In this report, the Global Synchronous Motors Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Synchronous Motors Market Share (%), by Geographical Region, 2024
Geographically, the synchronous motors market spans North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe lead the market due to their advanced industrial base, stringent energy efficiency regulations, and significant investments in automation and renewable energy projects. These regions benefit from well-established infrastructure and a strong focus on technological innovation, which drive the adoption of synchronous motors in various applications, including manufacturing, energy generation, and industrial automation. The commitment to reducing carbon footprints and enhancing energy efficiency further fuels the demand for high-performance synchronous motors in these regions.
The Asia Pacific region is expected to witness the highest growth rate, driven by rapid industrialization, urbanization, and the increasing adoption of advanced manufacturing technologies. Key countries such as China, India, and Japan are at the forefront of this growth, supported by substantial investments in infrastructure development and renewable energy projects. The region's expanding industrial activities and the need for efficient and reliable motor solutions contribute to the rising demand for synchronous motors. Meanwhile, the Middle East and Africa, along with Latin America, are also emerging markets with growing infrastructure development and industrial activities. These regions are increasingly adopting synchronous motors to support their expanding energy and industrial sectors, driven by economic growth and development initiatives.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Synchronous Motors Market. These factors include; Market Drivers, Restraints and Opportunities
Drivers, Restraints and Opportunity
Drivers
- Energy Efficiency and Sustainability Initiatives
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Technological Advancements in Industrial Automation:The rise of Industry 4.0 and the integration of advanced automation technologies in manufacturing and industrial processes are significantly driving the demand for synchronous motors. These motors provide reliable performance, high precision, and are well-suited for automated systems. The growing adoption of smart manufacturing practices and the need for improved operational efficiency and productivity further boost the market for synchronous motors.Technological advancements in industrial automation have revolutionized manufacturing and production processes, enhancing efficiency, precision, and scalability. The integration of smart technologies, such as artificial intelligence (AI), machine learning, and the Industrial Internet of Things (IIoT), has enabled real-time monitoring, predictive maintenance, and data-driven decision-making. Automated systems equipped with robotics and advanced sensors have significantly reduced human intervention, minimizing errors and improving productivity. Additionally, cloud computing and edge computing are playing a crucial role in streamlining data processing and communication across interconnected industrial systems, leading to more responsive and adaptive operations.
Another major advancement is the adoption of digital twins and advanced simulation technologies, allowing industries to create virtual replicas of physical assets for testing and optimization. Coupled with 5G connectivity, automation systems are now capable of faster data exchange and remote operation, further enhancing flexibility in manufacturing environments. Cybersecurity solutions are also evolving to protect interconnected industrial networks from cyber threats. As automation continues to advance, industries are witnessing reduced operational costs, enhanced safety, and greater sustainability, making industrial automation a key driver of the future smart factory ecosystem. One of the primary drivers for the global synchronous motors market is the increasing focus on energy efficiency and sustainability. Governments and industries worldwide are adopting stringent energy regulations and efficiency standards to reduce carbon emissions and operational costs. Synchronous motors are highly efficient, offering precise speed control and reduced energy consumption, making them an attractive option for applications requiring sustainable and efficient power solutions.
Restraints
- High Initial Costs
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Complex Installation and Maintenance:Synchronous motors require precise alignment and sophisticated control systems for optimal performance, making their installation and maintenance more complex compared to other types of motors. The need for specialized skills and equipment for installation and regular maintenance can pose challenges for end-users, particularly in regions with limited access to technical expertise and resources.
The installation and maintenance of switchboards can be complex due to the intricate wiring, high-power connections, and strict compliance requirements associated with electrical distribution systems. Proper installation requires skilled professionals who understand the specific standards, whether IEC or ANSI, to ensure safety and efficiency. Factors such as load calculations, circuit protection, grounding, and ventilation must be carefully considered to prevent electrical failures, overheating, or operational disruptions. Additionally, integrating switchboards into existing power systems can be challenging, as it may involve custom modifications, compatibility checks, and coordination with other electrical components. The complexity increases further in large industrial or commercial setups where multiple switchboards must be synchronized for seamless power distribution.Maintenance is equally critical, as any malfunction can lead to downtime, equipment damage, or safety hazards. Regular inspections, thermal imaging, and diagnostic testing are necessary to detect issues such as loose connections, insulation degradation, or overload risks. Since switchboards are exposed to high electrical loads, they require periodic cleaning, tightening of connections, and replacement of worn-out components to maintain optimal performance. Furthermore, compliance with safety regulations mandates documentation of maintenance activities and timely upgrades to meet evolving electrical standards. The complexity of installation and maintenance underscores the need for well-trained personnel, advanced monitoring tools, and proactive servicing to ensure reliable and safe operation.One of the major restraints for the global synchronous motors market is the high initial cost associated with these motors. Synchronous motors often require significant investment in advanced materials and technologies, making them more expensive compared to traditional induction motors. This high upfront cost can be a barrier for small and medium-sized enterprises (SMEs) and can limit the widespread adoption of synchronous motors, especially in cost-sensitive markets.
Opportunities
- Expansion in Renewable Energy Sector
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Emerging Markets and Infrastructure Development:Emerging economies in Asia Pacific, Latin America, and the Middle East & Africa are witnessing rapid industrialization and infrastructure development. These regions offer substantial growth opportunities for the synchronous motors market as they invest in modernizing their industrial base and expanding their energy infrastructure. The increasing adoption of advanced manufacturing technologies and the focus on enhancing energy efficiency in these regions are expected to drive the demand for synchronous motors.The growing focus on renewable energy sources such as wind and solar power presents significant opportunities for the synchronous motors market. These motors are increasingly used in wind turbines and other renewable energy applications due to their high efficiency and reliable performance. The expansion of renewable energy projects worldwide and investments in green energy infrastructure provide a lucrative growth avenue for the synchronous motors market.
Emerging markets are playing a crucial role in the growth of the global switchboards market, driven by rapid industrialization, urbanization, and increasing investments in infrastructure development. Countries in Asia-Pacific, Latin America, and Africa are witnessing a surge in demand for reliable power distribution systems due to expanding commercial buildings, manufacturing facilities, and smart city initiatives. Governments in these regions are heavily investing in upgrading electrical grids and power distribution networks to support economic growth. Additionally, the rising adoption of renewable energy sources, such as solar and wind power, is creating opportunities for advanced switchboard solutions that can efficiently integrate with modern energy systems.Infrastructure development projects, including transportation networks, residential complexes, and industrial zones, are further propelling the demand for high-performance switchboards. As these projects require efficient electrical distribution systems, the need for customized and technologically advanced switchboards is rising. Smart switchboards equipped with digital monitoring, automation, and IoT capabilities are gaining traction, particularly in regions aiming for energy-efficient and sustainable infrastructure. With continued investments in power generation and distribution, emerging markets are expected to drive substantial growth in the switchboards market, presenting lucrative opportunities for manufacturers and suppliers worldwide.
Competitive Landscape Analysis
Key players in Global Synchronous Motors Market include:
- 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.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By End-User
- Market Snapshot, By Voltage
- Market Snapshot, By Mount Type
- Market Snapshot, By Region
- Global Synchronous Motors Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Energy Efficiency and Sustainability Initiatives
- Technological Advancements in Industrial Automation
- Restraints
- High Initial Costs
- Complex Installation and Maintenance
- Opportunities
- Expansion in Renewable Energy Sector
- Emerging Markets and Infrastructure Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Synchronous Motors Market, By Application, 2021 - 2031 (USD Million)
- Pumps
- Fans
- Extruders
- Conveyors
- Compressors
- Mixers
- Others
- Global Synchronous Motors Market, By End-User, 2021 - 2031 (USD Million)
- Chemicals & Petrochemicals
- Oil & Gas
- Metal Plants
- Mining
- Pulp & Paper
- Others
- Global Synchronous Motors Market, By Voltage, 2021 - 2031 (USD Million)
- Low Voltage
- Medium Voltage
- Global Synchronous Motors Market, By Mount Type, 2021 - 2031 (USD Million)
- Horizontal
- Vertical
- Global Synchronous Motors Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Synchronous Motors Market, By Application, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- 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.
- Company Profiles
- Analyst Views
- Future Outlook of the Market