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Top Report on Synchronous Electric Motor Market Led by Rockwell Automation(The U.S.),General Electric (The U.S.), Emerson Electric (The U.S.),Nidec Corporation (Japan)

Synchronous Electric Motor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025


Albany, NY -- (SBWIRE) -- 12/12/2018 -- A synchronous electric motor has got a special type of rotor construction which lets it rotate at the exact same speed that is, in synchronization - with the stator field. An example of a synchronous electric motor is a stepping motor, which is widely used in different applications that involves position control. However, very recent advances in the power-control circuitry has given rise to the synchronous-motor design optimized for the use in higher power situations like blowers, fans, and to drive axles in the off-road vehicles.The growth of synchronous electric motor market is highly reliant on the growth of heating, ventilation and cooling system in building automation globally.

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For purpose of in depth analysis, the synchronous electric motor market has been segmented on the basis of mounting type, voltage class, application and geography. Based on the mounting type, the market has been segmented into two types they are like horizontal mounting synchronous motor and vertical mounting synchronous motor.Based on the voltage class, the market has been segmented into two types they are likemedium voltage class synchronous motor and low voltage class synchronous motor. Various types of applications of synchronous electric motors include compressors, pumps, fans, conveyer belts, extruders and mixers among others. Moreover, this report also provide cross functional analysis of all the above mentioned segment across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and Latin America.

Increasing demand for fans for the purpose of heating, ventilation and cooling system in building automation is acting as a major growth driver for the synchronous electric motor market. Rising demand of synchronous electric motor in agriculture and industrial sector and increase in government incentives are acting as a key growth drivers for this market. Therefore, the rising demand of electric motors for HVAC application is anticipated to increase the growth of synchronous electric motor market during the forecast period from 2017 to 2025. In addition, very high efficiency which is associated with the synchronous electric motors keeps it in an advantageous position in comparison to the induction motors in turn this is also anticipated to increase the demand of synchronous electric motors in coming years.

In spite of many driving factors, the synchronous electric motor marketis expected to show a very slow growth almost at a snail's pace because of high initial cost of the electric motors. Less portability of the electric motor and standardization of policies in the emerging economies are restraining factors for the synchronous electric motor market. Reduced under loading, improved power quality and rewinding are few factors which are going to create significant opportunity for synchronous electric motor in coming years.Apart from that the growth of usage of energy efficient motors is also acting as an opportunity for the synchronous electric motor marketin the forecast period from 2017-2025.

By application, the fans type held the largest market share because by using the synchronous electric motor, the speed of fan can be easily controlled through variable motor speed operation.Various application of the synchronous motor in heating and cooling unit has increased meaningfully in recent past, and this trend is expected to be continued in the coming future, due to its speed control property and enhanced electric system efficiency.

Geographically, the global synchronous electric motoris market mainly driven by the Asia Pacific region. Growing demand of electric motors in the manufacturing industries and increasing awareness about the energy efficiency is driving the market of Asia Pacific region. Rising energy cost expected to drive the synchronous electric motorrapidly across various industries. This region is expected to maintain its dominance in the market during the forecast period owingto the presence of huge number of electric motor manufacturers in countries like China and India among others.

Some of the leading players operating in the synchronous electric motor market includes Rockwell Automation(The U.S.),General Electric (The U.S.), Emerson Electric (The U.S.),Nidec Corporation (Japan),Toshiba Corporation (Japan),ABB Limited (Switzerland),Siemens AG (Germany),WEG S.A. (Brazil), and Johnson Electric Holding Ltd. (Hong Kong) among others.

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Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
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Market shares and strategies of key players
Emerging niche segments and regional markets
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