Market Forecast
The Global Synchronous Motor Market is expected to grow at a CAGR of 4.33% for the forecast duration and cross USD 26.09 Billion by 2025.
Segmentation
By Mount Type: This segment is divided into horizontal mounting synchronous motor and vertical mounting synchronous motor. The horizontal mounting synchronous motor is the larger market segment and the product finds applicability in fans, compressors, conveyors, cranes, mixers, among others. Horizontal mounting synchronous motors are preferred when the machine does not have to handle both axial and radial thrust. It is also finding increased application in automation. Vertical mounting synchronous motors are used mostly for pumps and this has a very large application in the oil & gas industry as well as the chemical and petrochemical industry. They are designed to handle axial as well as radial thrusts.
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By Voltage Class: This segment is divided into low voltage and medium voltage synchronous motors. Low voltage synchronous motors find applicability in fans and compressors for the purpose of ventilation, heating, cooling systems and for machinery that has a requirement for constant low RPMs at a low voltage. Medium voltage synchronous motors are much more efficient than induction motors for the 35–2500 kW range for RPMs lower than 500. Consequently, they are used in conveyor belts and in the pulp and paper industry.
By Application: The largest application for synchronous motors is in fans for industrial purposes. Fans powered by synchronous motors have a constant RPM and require less power to be operational. Conveyor belts also have a great demand for synchronous motors because most conveyor belts require high power and a constant RPM irrespective of the load placed on them. This can be easily facilitated using synchronous motors, especially for use in mining and pulp and paper industries. Synchronous motor compressors are used when the demand is for steady RPMs and lower RPMs with synchronous compressors being able to operate at RPMs as low as 120. Synchronous motor pumps are a very large market due to their extensive use in the oil & gas industry, chemical and petrochemical industry, as well as in mining operations. Extruders are devices used to manipulate plastics and they require a steady RPM irrespective of load applied, which is where synchronous motors come in.
By End User: The oil & gas industry is the largest market for synchronous motors due to their ability to pressurize fluids to transport it against gravity using pumps. This industry also uses synchronous motor compressors and fans. For much the same reason, synchronous motors have a great demand within the growing chemical and petrochemical industry. The pulp and paper industry relies on a variety of synchronous motor-powered machinery, especially its conveyor belts, coaters, and paper machines. The critical demand in this industry is for its machinery to operate at constant speeds despite a variation in its loads. Mining operations need to have a pump which is constantly expelling collected water from within the mines to prevent flooding and maintain the mine’s structural integrity. This fuels the demand for synchronous motor pumps in mining. The metal production industry also uses synchronous motors to power some of its machinery, further fueling the growth of the synchronous motor market.
Key Players
ABB
Siemens
General Electric
Rockwell Automation, Inc.
Toshiba Corporation
WEG SA
Hitachi Ltd
Bosch Group
Johnson Electric Holdings Limited
Emerson Electric Co.
Nidec Corporation
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