Product Code: ETC13405618 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Synchronous Motors Market was valued at USD 6.8 Billion in 2024 and is expected to reach USD 10.7 Billion by 2031, growing at a compound annual growth rate of 6.30% during the forecast period (2025-2031).
The global synchronous motors market is experiencing steady growth, driven by the increasing demand for energy-efficient solutions across various industries such as automotive, industrial, and aerospace. These motors offer advantages such as higher efficiency, reliability, and precise control over speed and torque, making them ideal for applications requiring constant speed and power output. The growing focus on industrial automation and the adoption of synchronous motors in HVAC systems, compressors, and robotics are further fueling market growth. Additionally, advancements in technology, such as the integration of IoT and smart sensors, are enhancing the performance and capabilities of synchronous motors. Asia-Pacific is expected to dominate the market due to the rapid industrialization and infrastructure development in countries like China and India. The key players in the global synchronous motors market include ABB Ltd., Siemens AG, and WEG SA.
The Global Synchronous Motors Market is experiencing growth due to increasing demand in industrial automation, automotive, and aerospace sectors. The rising adoption of synchronous motors in HVAC systems, compressors, and pumps for energy-efficient operations is a key trend driving market expansion. Additionally, the shift towards electric vehicles and the growing emphasis on energy efficiency are creating opportunities for synchronous motors in the automotive industry. The market is also witnessing advancements in technology, such as the integration of IoT and smart features for predictive maintenance and improved performance. Furthermore, the emphasis on sustainability and regulatory initiatives promoting energy-efficient solutions are expected to further propel the growth of the Global Synchronous Motors Market in the coming years.
The Global Synchronous Motors Market faces several challenges including intense competition from other motor technologies such as induction motors and reluctance motors, which offer lower costs and simpler designs. Additionally, the high initial investment required for synchronous motors, as well as the need for specialized knowledge for installation and maintenance, can act as barriers to adoption. Furthermore, the limited availability of rare earth materials used in the production of permanent magnet synchronous motors can lead to supply chain disruptions and price volatility. Market saturation in some regions and the impact of the COVID-19 pandemic on manufacturing and industrial activities have also posed challenges for the growth of the Global Synchronous Motors Market.
The global synchronous motors market is primarily driven by the increasing demand for energy-efficient and reliable motors across various industries such as automotive, manufacturing, and aerospace. Synchronous motors offer advantages such as high efficiency, low maintenance requirements, and precise speed control, making them ideal for applications that require constant speed operation. Additionally, the rise in automation and industrialization is fueling the adoption of synchronous motors for various industrial processes. Technological advancements such as the development of permanent magnet synchronous motors with improved performance characteristics are also contributing to market growth. Furthermore, stringent regulations aimed at reducing carbon emissions and promoting energy conservation are driving the demand for synchronous motors as they help in achieving sustainability goals.
Various governments around the world have implemented policies to promote energy efficiency and sustainability in the Global Synchronous Motors Market. These policies include regulations mandating the use of high-efficiency motors, incentives for companies to adopt energy-efficient technologies, and initiatives to reduce greenhouse gas emissions. Additionally, governments are focusing on promoting the adoption of synchronous motors in industrial applications to improve overall energy efficiency and reduce carbon footprint. These policies aim to drive the growth of the synchronous motors market by creating a conducive regulatory environment and incentivizing companies to invest in energy-efficient solutions.
The Global Synchronous Motors Market is expected to witness steady growth in the coming years due to increasing demand for energy-efficient motors in various industries such as automotive, aerospace, and manufacturing. Synchronous motors offer advantages such as high efficiency, low maintenance, and precise control, making them ideal for applications requiring constant speed and high torque. The market is also being driven by the rising adoption of electric vehicles and renewable energy sources, which require synchronous motors for optimal performance. Technological advancements in motor design and control systems, along with the growing focus on reducing carbon emissions, are further propelling the market growth. However, challenges such as high initial costs and limited awareness about the benefits of synchronous motors may hinder the market expansion to some extent.
In the Global Synchronous Motors Market, Asia Pacific is expected to dominate the market due to the rapid industrialization and infrastructural development in countries like China and India. North America is forecasted to witness significant growth with the increasing adoption of synchronous motors in the automotive and aerospace industries. Europe is also a key market, driven by the growing demand for energy-efficient solutions in various sectors. The Middle East and Africa region is experiencing a surge in infrastructure projects, boosting the demand for synchronous motors. Latin America is projected to show steady growth, supported by the expanding manufacturing and automotive sectors. Overall, the global synchronous motors market is poised for substantial growth across all regions, driven by the increasing emphasis on energy efficiency and industrial automation.
Global Synchronous Motors Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Synchronous Motors Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Synchronous Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Global Synchronous Motors Market - Industry Life Cycle |
3.4 Global Synchronous Motors Market - Porter's Five Forces |
3.5 Global Synchronous Motors Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Synchronous Motors Market Revenues & Volume Share, By Mount Type, 2021 & 2031F |
3.7 Global Synchronous Motors Market Revenues & Volume Share, By Voltage Class, 2021 & 2031F |
3.8 Global Synchronous Motors Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Synchronous Motors Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Synchronous Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Synchronous Motors Market Trends |
6 Global Synchronous Motors Market, 2021 - 2031 |
6.1 Global Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Synchronous Motors Market, Revenues & Volume, By Horizontal Mounting Synchronous Motor, 2021 - 2031 |
6.1.3 Global Synchronous Motors Market, Revenues & Volume, By Vertical Mounting Synchronous Motor, 2021 - 2031 |
6.2 Global Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Synchronous Motors Market, Revenues & Volume, By Medium Voltage, 2021 - 2031 |
6.2.3 Global Synchronous Motors Market, Revenues & Volume, By Low Voltage, 2021 - 2031 |
6.3 Global Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Synchronous Motors Market, Revenues & Volume, By Compressors, 2021 - 2031 |
6.3.3 Global Synchronous Motors Market, Revenues & Volume, By Pumps, 2021 - 2031 |
6.3.4 Global Synchronous Motors Market, Revenues & Volume, By Fans, 2021 - 2031 |
6.3.5 Global Synchronous Motors Market, Revenues & Volume, By Extruders, 2021 - 2031 |
6.3.6 Global Synchronous Motors Market, Revenues & Volume, By Mixers, 2021 - 2031 |
6.3.7 Global Synchronous Motors Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Synchronous Motors Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.4.3 Global Synchronous Motors Market, Revenues & Volume, By Chemicals & Petrochemicals, 2021 - 2031 |
6.4.4 Global Synchronous Motors Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.4.5 Global Synchronous Motors Market, Revenues & Volume, By Metals, 2021 - 2031 |
6.4.6 Global Synchronous Motors Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Synchronous Motors Market, Overview & Analysis |
7.1 North America Synchronous Motors Market Revenues & Volume, 2021 - 2031 |
7.2 North America Synchronous Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
7.4 North America Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
7.5 North America Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Synchronous Motors Market, Overview & Analysis |
8.1 Latin America (LATAM) Synchronous Motors Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Synchronous Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
8.4 Latin America (LATAM) Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
8.5 Latin America (LATAM) Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Synchronous Motors Market, Overview & Analysis |
9.1 Asia Synchronous Motors Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Synchronous Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
9.4 Asia Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
9.5 Asia Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Synchronous Motors Market, Overview & Analysis |
10.1 Africa Synchronous Motors Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Synchronous Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
10.4 Africa Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
10.5 Africa Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Synchronous Motors Market, Overview & Analysis |
11.1 Europe Synchronous Motors Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Synchronous Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
11.4 Europe Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
11.5 Europe Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Synchronous Motors Market, Overview & Analysis |
12.1 Middle East Synchronous Motors Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Synchronous Motors Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Synchronous Motors Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Synchronous Motors Market, Revenues & Volume, By Mount Type, 2021 - 2031 |
12.4 Middle East Synchronous Motors Market, Revenues & Volume, By Voltage Class, 2021 - 2031 |
12.5 Middle East Synchronous Motors Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Synchronous Motors Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Synchronous Motors Market Key Performance Indicators |
14 Global Synchronous Motors Market - Export/Import By Countries Assessment |
15 Global Synchronous Motors Market - Opportunity Assessment |
15.1 Global Synchronous Motors Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Synchronous Motors Market Opportunity Assessment, By Mount Type, 2021 & 2031F |
15.3 Global Synchronous Motors Market Opportunity Assessment, By Voltage Class, 2021 & 2031F |
15.4 Global Synchronous Motors Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Synchronous Motors Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Synchronous Motors Market - Competitive Landscape |
16.1 Global Synchronous Motors Market Revenue Share, By Companies, 2024 |
16.2 Global Synchronous Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |