Synchronous Reluctance Motor Drive System Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
The global synchronous reluctance motor (SynRM) drive system market is experiencing steady growth, driven by increasing demand for energy-efficient industrial solutions. These motors offer higher efficiency and lower maintenance costs compared to conventional induction motors, making them an attractive option across various industries, including manufacturing, automotive, and HVAC. Growing emphasis on reducing carbon emissions and improving operational efficiency has led to wider adoption of SynRM drive systems in industrial automation and electric vehicle applications. The rising cost of electricity and stringent energy efficiency regulations have also fueled market expansion. Key industry players are investing in research and development to enhance motor performance, reduce material costs, and improve overall system efficiency. Additionally, advancements in motor control technologies and the integration of digital solutions are further boosting market adoption. Emerging economies are also witnessing increased deployment of these motors, driven by rapid industrialization and government initiatives supporting energy-efficient solutions.
Market trends indicate a shift toward high-power-density synchronous reluctance motors, offering superior torque characteristics and improved power-to-weight ratios. The integration of advanced power electronics, such as variable frequency drives (VFDs), enhances control capabilities, optimizing energy usage in diverse applications. Industries such as logistics, agriculture, and commercial refrigeration are increasingly incorporating SynRM drive systems due to their operational reliability and cost-effectiveness. Additionally, the rise of Industry 4.0 and smart manufacturing is accelerating the adoption of these motors in automated production lines and robotics. Companies are focusing on sustainable innovations, including recyclable materials and advanced cooling systems, to enhance motor longevity and performance. The growing demand for electric mobility solutions, particularly in electric buses and industrial transport vehicles, is also creating new opportunities. The market is expected to witness strong growth in the coming years as manufacturers continue to optimize motor efficiency and explore new applications across emerging sectors.
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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 Gloabl 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 Gloabl 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. Gloabl Synchronous Reluctance Motor Drive System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Synchronous Reluctance Motor Drive System Market, By Type
6. Gloabl Synchronous Reluctance Motor Drive System Market, By Application
7. Gloabl Synchronous Reluctance Motor Drive System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Synchronous Reluctance Motor Drive System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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