United States Synchronous Reluctance Motor Drive System Market was valued at USD 0.25 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 9.1% from 2024 to 2030.
The US Synchronous Reluctance Motor Drive System Market is poised for significant growth, driven by the increasing demand for energy-efficient and high-performance electric motors. As industries continue to prioritize reducing energy consumption and lowering operational costs, synchronous reluctance motors (SynRM) have gained traction due to their ability to operate without the need for permanent magnets. This drive system is widely used in various applications, from manufacturing to HVAC systems, promising superior energy efficiency and reduced maintenance costs.
The increasing adoption of renewable energy sources and the growing emphasis on industrial automation are major factors propelling the demand for synchronous reluctance motor drive systems in the US market. As industries become more aware of the environmental and financial benefits associated with energy-efficient drive systems, the market for these motors is expected to expand rapidly. With the capacity to operate at a higher efficiency level than conventional induction motors, SynRM systems are gaining popularity in a range of sectors such as oil and gas, automotive, and industrial machinery.
Key drivers influencing the growth of the Synchronous Reluctance Motor Drive System Market include the need for high torque density, improved power quality, and the demand for low maintenance operations. Industries such as manufacturing and pumping stations are increasingly incorporating these systems to optimize production efficiency and minimize downtime. Furthermore, technological advancements in motor design and control systems have enabled manufacturers to enhance the performance of synchronous reluctance motors, making them an attractive solution for companies striving to meet stringent environmental regulations.
Additionally, SynRM systems are well-suited to support the growing shift towards automation in industries. Robotics and automated production lines require highly efficient and reliable motor systems, which makes synchronous reluctance motors an ideal choice. Their ability to handle variable loads with high precision contributes to the growing interest from these sectors.
The requirement for Synchronous Reluctance Motor Drive Systems is expected to continue rising as industries focus on sustainability and cost-efficiency. Companies investing in energy-efficient technology and smart manufacturing solutions are increasingly turning to these motors to meet both operational and environmental goals.
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ABB
Danfoss
Siemens
KSB (REEL)
Bonfiglioli
Oemer Motors
Relaoto
Changzhou Nanfang Motor
Delta Electronics
Nidec Leroy-Somer
Mark Elektriks
KEB Automation KG
Yaskawa
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Synchronous Reluctance Motor Drive System Market
Low Voltage (up to 690V)
Medium Voltage (above 690V and up to 3kV)
High Voltage (above 3kV)
Industrial Automation
HVAC Systems
Transportation (Rail, Electric Vehicles)
Renewable Energy (Wind, Solar)
Pumping and Water Management
Synchronous Reluctance Motors
Permanent Magnet Assisted Synchronous Reluctance Motors
Direct Torque Control (DTC)
Vector Control
Scalar Control
Manufacturing
Oil and Gas
Mining
Textiles
Food and Beverage
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Synchronous Reluctance Motor Drive System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Synchronous Reluctance Motor Drive System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Synchronous Reluctance Motor Drive System Market, By Type
6. US Synchronous Reluctance Motor Drive System Market, By Application
7. US Synchronous Reluctance Motor Drive System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Synchronous Reluctance Motor Drive System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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