Synchronous induction motor is an electric motor whose rotor operates at a speed that is synchronized with the AC frequency of the power source. There is usually no current produced in their rotor, so no inductive losses occur. This makes them advantageous in certain applications, such as those where constant rotational speed is required.

The global Synchronous induction motor market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of % from 2024 to 2030.

ReportPrime's newest research report, the “Synchronous induction motor Industry Forecast” looks at past sales and reviews total world Synchronous induction motor sales in 2023, providing a comprehensive analysis by region and market sector of projected Synchronous induction motor sales for 2024 through 2030.

This Insight Report provides a comprehensive analysis of the global Synchronous induction motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synchronous induction motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Synchronous induction motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synchronous induction motor and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity.

With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Synchronous induction motor.

The United States market for Synchronous induction motor is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

The China market for Synchronous induction motor is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

The Europe market for Synchronous induction motor is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Synchronous induction motor players cover ABB, Siemens, WEG Electric, TECO Electric & Machinery, Toshiba Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Synchronous induction motor market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

• Permanent Magnet Motor
• Induction Motor

Segmentation by Application:

• Industrial Manufacturing
• Wind Power
• Others

This report also splits the market by region:

• Americas
  • United States
  • Canada
  • Mexico
  • Brazil
• APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
• Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

• ABB
• Siemens
• WEG Electric
• TECO Electric & Machinery
• Toshiba Corporation
• Schneider Electric
• Emerson Electric Co.
• Nidec Corporation
• Regal Beloit Corporation
• Marathon Electric
• Hitachi Industrial Equipment Systems Co., Ltd.
• Fuji Electric Co., Ltd.

Key Questions Addressed in this Report

1. What is the 10-year outlook for the global Synchronous induction motor market?
2. What factors are driving Synchronous induction motor market growth, globally and by region?
3. Which technologies are poised for the fastest growth by market and region?
4. How do Synchronous induction motor market opportunities vary by end market size?
5. How does Synchronous induction motor break out by Type, by Application?