HOME Top Market Reports Synchronous Motors Market by Mount Type (Horizontal and Vertical), Voltage (LV and MV), End User (Oil & Gas, Chemicals & Petrochemicals, Metals, Mining, Pulp and Paper), Application, and by Region - Global Trends & Forecasts to 2021

Synchronous Motors Market by Mount Type (Horizontal and Vertical), Voltage (LV and MV), End User (Oil & Gas, Chemicals & Petrochemicals, Metals, Mining, Pulp and Paper), Application, and by Region - Global Trends & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: July 2016
Report Code: EP 3640

 

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The size of the global synchronous motors market was USD 17.18 Billion in 2015, and is expected to grow at a CAGR of 3.8% during the forecast period. The market has been segmented on the basis of its application, end-user, mount type, voltage, and region.

Objectives of the Study include:

  • To define and segment the global synchronous motors market
  • To estimate the market size, in terms of value, of the global synchronous motors market
  • To analyze the market with respect to voltage, application, end-user, mount type, and region
  • To provide a detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and market-specific challenges)
  • To analyze the major stakeholders of the global synchronous motors market and provide details of the competitive landscape for key market leaders
  • To study industrial trends and forecast the North American, European, Asia-Pacific, South American, the Middle East, and African markets
  • To track and analyze competitive developments such as contract agreements, mergers and acquisitions, new product developments, and R&D in the synchronous motors market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global synchronous motors market. Primary sources are mainly several industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations from companies, and organizations related to all the segments of this industry’s value chain. The research methodology has been explained in the below mentioned points:

  • Analysis of the revenue of the top companies operating in the synchronous motors market
  • Analysis of the demand for synchronous motors in major applications and end-user industries of this market
  • Assessment of future trends and industrial growth of end-user industries
  • Analysis of market trends in various regions/and countries
  • Finalization of the overall market size by triangulating with the supply-side data, which include product developments, supply chain, and annual revenues of synchronous motors across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figures given below shows the breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study.

Synchronous Motors Market

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The supply chain for the global synchronous motors market starts with suppliers of basic components, such as, construction material, winding wires, frames, and electric connections, among other components. The manufactured parts are then assembled by Original Equipment Manufacturers (OEM) to form a synchronous motor, which is then tested. Distribution comes next, in which, majority of the production is directed toward the end-users.

Synchronous Motors Market

Target Audience:

The report’s Target Audience includes:

  • Synchronous motors manufacturers, dealers, and suppliers
  • Consulting companies in the energy and power sector
  • Government and research organizations
  • Investors/shareholders
  • Environmental research institutes
  • Process industries and power industry associations
  • Petroleum companies (diesel and natural gas suppliers)
  • Manufacturing industry
  • Energy efficiency consultancies

Scope of the Report:

  • By Application
    • Pumps
    • Fans
    • Extruders
    • Conveyors
    • Compressors
    • Mixers
    • Others
  • By End-User
    • Chemicals & Petrochemicals
    • Oil & Gas
    • Metal Plants
    • Mining
    • Pulp & Paper
    • Others
  • By Voltage
    • Low Voltage
    • Medium Voltage
  • By Mount Type
    • Horizontal
    • Vertical
  • By Region
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

  • Regional Analysis

Further breakdown of region/country-specific analysis

  • Company Information

Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Key Data From Primary Sources
           2.3.2 Key Industry Insights
                    2.3.2.1 Breakdown of Primaries
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach
           2.4.2 Top-Down Approach
    2.5 Market Breakdown & Data Triangulation
    2.6 Research Assumptions & Limitations
           2.6.1 Assumptions
           2.6.2 Limitations

3 Executive Summary (Page No. - 26)
    3.1 Introduction
    3.2 Historical Scenario
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 31)
    4.1 Attractive Growth Opportunities in the Synchronous Motors Market, 2016–2021
    4.2 Asia-Pacific Accounted for the Largest Market Share (By Value) in 2015
    4.3 Synchronous Motors Market, By Application, 2016–2021
    4.4 Horizontal Mount Type Segment is Projected to Dominate the Market During the Forecast Period
    4.5 Medium Voltage Class Segment is Expected to Dominate the Synchronous Motors Market During the Forecast Period
    4.6 Synchronous Motors Market, By End-User
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Synchronous Motors: Market Segmentation
           5.2.1 By Voltage Class
           5.2.2 By Application
           5.2.3 By End-User
           5.2.4 By Mount Type
           5.2.5 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 High Efficiency Associated With Synchronous Motors
                    5.3.1.2 Power Factor Correction Capabilities of Synchronous Motors
                    5.3.1.3 Stringent Regulations
                    5.3.1.4 Optimized Motor Size Requirements in Industries
           5.3.2 Restraints
                    5.3.2.1 Decrease in Greenfield Investment
                    5.3.2.2 Increasing Rewinding Trend in Developing Markets
           5.3.3 Opportunities
                    5.3.3.1 Huge Opportunity in the Shipping Propulsion Industry
                    5.3.3.2 Growth in Fixed Speed Applications
           5.3.4 Challenges
                    5.3.4.1 Lack of Awareness
                    5.3.4.2 Mass & Size Reduction of Motors Leading to Overheating Problems

6 Industry Trends (Page No. - 45)
    6.1 Supply Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Rivalry

7 Synchronous Motors Market, By Mounting Type (Page No. - 48)
    7.1 Introduction
    7.2 Horizontal Mounting Synchronous Motors
    7.3 Vertical Mounting Synchronous Motors

8 Synchronous Motors Market, By Voltage Class (Page No. - 52)
    8.1 Introduction
    8.2 Medium Voltage Class Synchronous Motors
    8.3 Low Voltage Class Synchronous Motors

9 Synchronous Motors Market, By End-User (Page No. - 56)
    9.1 Introduction
    9.2 Oil & Gas
    9.3 Chemicals & Petrochemicals
    9.4 Mining
    9.5 Pulp & Paper
    9.6 Metals
    9.7 Others

10 Synchronous Motors Market, By Application (Page No. - 62)
     10.1 Introduction
     10.2 Compressors
     10.3 Pumps
     10.4 Fans
     10.5 Conveyer Belts
     10.6 Extruders
     10.7 Mixers
     10.8 Others

11 Synchronous Motors Market, By Region (Page No. - 69)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 Russia
             11.3.3 U.K.
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 South Korea
             11.4.5 Rest of Asia-Pacific
     11.5 South America
             11.5.1 Brazil
             11.5.2 Argentina
             11.5.3 Venezuela
             11.5.4 Rest of South America
     11.6 The Middle East
             11.6.1 Saudi Arabia
             11.6.2 Oman
             11.6.3 Qatar
             11.6.4 United Arab Emirates
             11.6.5 Rest of the Middle East
     11.7 Africa
             11.7.1 Egypt
             11.7.2 Nigeria
             11.7.3 South Africa
             11.7.4 Algeria
             11.7.5 Rest of Africa

12 Competitive Landscape (Page No. - 111)
     12.1 Overview
     12.2 Competitive Situation & Trends
             12.2.1 New Product/Technology Launches
             12.2.2 Mergers & Acquisitions
             12.2.3 Expansions
             12.2.4 Contracts & Agreements
             12.2.5 Investments

13 Company Profiles (Page No. - 118)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     13.1 Introduction
     13.2 ABB Ltd.
     13.3 Siemens AG
     13.4 General Electric
     13.5 Rockwell Automation Inc.
     13.6 Toshiba Corporation
     13.7 WEG SA
     13.8 Bosch Group
     13.9 Johnson Electric Holdings Limited
     13.10 Hitachi Ltd.
     13.11 Emerson Electric Co.
     13.12 Nidec Corporation
     13.13 Arc Systems Inc.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 152)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (84 Tables)

Table 1 Synchronous Motors Market Size, By Mounting Type ,2014–2021 (USD Million)
Table 2 Horizontal Mounting: Synchronous Motors Market Size, By Region, 2014–2021 (USD Million)
Table 3 Vertical Mounting: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 4 Synchronous Motors Market Size, By Voltage Class ,2014–2021 (USD Million)
Table 5 Medium Voltage Class: Synchronous Motors Market Size, By Region, 2014–2021 (USD Million)
Table 6 Low Voltage Class: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 7 Synchronous Motors Market Size, By End-User, 2014–2021 (USD Million)
Table 8 Oil & Gas: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 9 Chemicals & Petrochemicals: Synchronous Motors Market Size ,By Region, 2014–2021 (USD Million)
Table 10 Mining: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 11 Pulp & Paper: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 12 Metals: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 13 Others: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 14 Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 15 Compressors: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 16 Pumps: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 17 Fans: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 18 Conveyer Belts: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 19 Extruders: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 20 Mixers: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 21 Others: Synchronous Motors Market Size, By Region ,2014–2021 (USD Million)
Table 22 Synchronous Motors Market Size, By Region, 2014–2021 (USD Million)
Table 23 North America: Synchronous Motors Market Size, By Country ,2014–2021 (USD Million)
Table 24 North America: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 25 North America: Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 26 North America: Synchronous Motors Market Size, By Mounting Type, 2014–2021 (USD Million)
Table 27 North America: Synchronous Motors Market Size, By Voltage Class, 2014–2021 (USD Million)
Table 28 U.S.: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 29 Canada: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 30 Mexico: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 31 Europe: Synchronous Motors Market Size, By Country ,2014–2021 (USD Million)
Table 32 Europe: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 33 Europe: Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 34 Europe: Synchronous Motors Market Size, By Mounting Type ,2014–2021 (USD Million)
Table 35 Europe: Synchronous Motors Market Size, By Voltage Class ,2014–2021 (USD Million)
Table 36 Germany: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 37 Russia: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 38 U.K.: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 39 Italy: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 40 Rest of Europe: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 41 Asia-Pacific: Synchronous Motors Market Size, By Country ,2014–2021 (USD Million)
Table 42 Asia-Pacific: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 43 Asia-Pacific: Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 44 Asia-Pacific: Synchronous Motors Market Size, By Mounting Type ,2014–2021 (USD Million)
Table 45 Asia-Pacific: Synchronous Motors Market Size, By Voltage Class ,2014–2021 (USD Million)
Table 46 China: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 47 India: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 48 Japan: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 49 South Korea: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 50 Rest of Asia-Pacific: Synchronous Motors Market Size, By End-User, 2014–2021 (USD Million)
Table 51 South America: Synchronous Motors Market Size, By Country ,2014–2021 (USD Million)
Table 52 South America: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 53 South America: Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 54 South America: Synchronous Motors Market Size, By Mounting Type, 2014–2021 (USD Million)
Table 55 South America: Synchronous Motors Market Size, By Voltage Class, 2014–2021 (USD Million)
Table 56 Brazil: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 57 Argentina: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 58 Venezuela: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 59 Rest of South America: Synchronous Motors Market Size, By End-User, 2014–2021 (USD Million)
Table 60 Middle East: Synchronous Motors Market Size, By Country ,2014–2021 (USD Million)
Table 61 Middle East: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 62 Middle East: Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 63 Middle East: Synchronous Motors Market Size, By Mounting Type ,2014–2021 (USD Million)
Table 64 Middle East: Synchronous Motors Market Size, By Voltage Class ,2014–2021 (USD Million)
Table 65 Saudi Arabia: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 66 Oman: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 67 Qatar: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 68 UAE: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 69 Rest of the Middle East: Synchronous Motors Market Size, By End-User, 2014–2021 (USD Million)
Table 70 Africa: Synchronous Motors Market Size, By Country ,2014–2021 (USD Million)
Table 71 Africa: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 72 Africa: Synchronous Motors Market Size, By Application ,2014–2021 (USD Million)
Table 73 Africa: Synchronous Motors Market Size, By Mounting Type ,2014–2021 (USD Million)
Table 74 Africa: Synchronous Motors Market Size, By Voltage Class ,2014–2021 (USD Million)
Table 75 Egypt: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 76 Nigeria: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 77 South Africa: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 78 Algeria: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 79 Rest of Africa: Synchronous Motors Market Size, By End-User ,2014–2021 (USD Million)
Table 80 New Product/Technology Launches, 2015–2016
Table 81 Mergers & Acquisitions, 2014–2016
Table 82 Expansions, 2015–2016
Table 83 Contracts & Agreements, 2012–2016
Table 84 Investments, 2012


List of Figures (52 Figures)

Figure 1 Synchronous Motors Market Segmentation
Figure 2 Synchronous Motors Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia-Pacific Occupied the Largest Market Share (Value) in 2015
Figure 8 Synchronous Motors Market Share (Value), By Voltage Class, 2015
Figure 9 Oil & Gas End-User Segment is Expected to Account for the Maximum Share During the Forecast Period
Figure 10 Compressors Segment is Estimated to Be the Largest Application in 2016 and is Projected to Remain So By 2021
Figure 11 Synchronous Motors Market Share (Value), By Mount Type, 2015
Figure 12 Synchronous Motors Market Snapshot: Asia-Pacific is Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 13 Power Factor Correction Capabilities & Need for Energy Saving are Expected to Drive the Demand for Synchronous Motors During the Forecast Period
Figure 14 Asia-Pacific & South America are Expected to Grow at A Fast Pace During the Forecast Period
Figure 15 Compressors Segment is Expected to Hold the Largest Market Share During the Forecast Period
Figure 16 The Horizontal Mounting Type Synchronous Motors Market is Projected to Hold the Largest Share During the Forecast Period
Figure 17 Medium Voltage Class Synchronous Motors Segment Accounted for the Largest Market Share in 2015
Figure 18 Oil & Gas Segment is Projected to Hold the Largest Market Share (By Value) in the Synchronous Motors Market During the Forecast Period
Figure 19 The Asia-Pacific Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Synchronous Motors Market Segmentation: By Voltage, Application, End-User, Mount Type, & Region
Figure 21 Market Dynamics for Synchronous Motors Market
Figure 22 Crude Oil Price Trend (June 2014–March 2016)
Figure 23 Supply Chain Analysis: Major Value is Added During the Manufacturing & Assembly Phase
Figure 24 Porter’s Five Forces Analysis: Synchronous Motors Market
Figure 25 Synchronous Motors Market Share (Value), By Mounting Type, 2016–2021
Figure 26 Synchronous Motors Market Share (Value), By Voltage Class, 2016–2021
Figure 27 Synchronous Motors Market Share (Value), By End-User, 2016–2021
Figure 28 Synchronous Motor Market Share (Value), By Application, 2016–2021
Figure 29 Synchronous Motors Market Share (Value), By Region, 2015
Figure 30 Regional Snapshot – Growth Rate of Synchronous Motors Market in Major Countries, 2016–2021
Figure 31 North America Synchronous Motors Market: an Overview
Figure 32 Europe Synchronous Motors Market: an Overview
Figure 33 Asia-Pacific Synchronous Motors Market: an Overview
Figure 34 Companies Adopted New Product/Technology Launch as the Key Growth Strategy From 2012–2016
Figure 35 Market Evaluation Framework: Expansions, Mergers & Acquisitions, & New Product/Technology Launches Have Fueled the Growth of Companies From 2012 to 2016
Figure 36 Regional Revenue Mix of the Top 5 Market Players
Figure 37 ABB Ltd.: Company Snapshot
Figure 38 ABB Ltd.: SWOT Analysis
Figure 39 Siemens AG: Company Snapshot
Figure 40 Siemens AG: SWOT Analysis
Figure 41 General Electric: Company Snapshot
Figure 42 General Electric: SWOT Analysis
Figure 43 Rockwell Automation Inc.: Company Snapshot
Figure 44 Rockwell Automation Inc. : SWOT Analysis
Figure 45 Toshiba Corporation: Company Snapshot
Figure 46 Toshiba Corporation : SWOT Analysis
Figure 47 WEG SA: Company Snapshot
Figure 48 Bosch Group: Company Snapshot
Figure 49 Johnson Electric Holdings Limited: Company Snapshot
Figure 50 Hitachi Ltd: Company Snapshot
Figure 51 Emerson Electric Co.: Company Snapshot
Figure 52 Nidec Corporation: Company Snapshot

The global synchronous motors market is projected to grow at a CAGR of 3.8% during the forecast period, to reach USD 21.49 Billion by 2021. High efficiency associated with synchronous motors, power factor correction capabilities, and stringent regulations are driving the synchronous motors market worldwide. High efficiency associated with synchronous motors makes it superior in comparison to induction motors. This has emerged as a major trend in the synchronous motors market.

The report segments the synchronous motors market on the basis of its major end-user industries, which include oil & gas, chemicals, mining, metal plants, pulp & paper, and others. The oil & gas and chemicals are growing markets for synchronous motors, due to high efficiency associated with them.

On the basis of application, the fans segment is the fastest growing for synchronous motors. Most fans usually operate at a fixed speed. However, by using synchronous motors, the speed can be controlled through variable motor speed operation. Meanwhile, the building automation industry i use fans for heating, cooling, and ventilation system. The application of synchronous motors in heating and cooling units has increased significantly in the recent past, and the trend is expected to continue in the future, due to its speed control properties and enhancing electric system efficiency. Different types of fans, such as, cooling tower fans, exhaust fans, induced draft fans, and forced draft fans, are used in the cement, mining, oil & gas, water & wastewater, chemicals & petrochemicals, and pulp & paper industries. Rising energy cost is driving the growth of the synchronous motors market across various industries.

Asia-Pacific is the largest market for synchronous motors, and will continue to dominate the synchronous motors market during the forecast period. China is leading the regional synchronous motors market, whereas other global key markets include the U.S., India, Germany, Russia, Brazil, and Saudi Arabia. The synchronous motors market in China and India are expected to grow at a high CAGR of 5.1% and 5.1%, respectively, from 2016 to 2021, owing to rise in manufacturing industries and increased awareness about energy efficiency.

Synchronous Motors Market

Factors restraining the growth of this market include increasing rewinding trend in the industry and decrease in Greenfield investment, which could hinder the growth of synchronous motors in the region.

Some of the leading players include ABB Limited (Switzerland), Nidec Corporation (Japan), Rockwell Automation (U.S.), Siemens AG (Germany), General Electric (U.S.), WEG S.A. (Brazil), Toshiba Corporation (Japan), Johnson Electric Holding Ltd. (Hong Kong), and Emerson Electric (U.S.), among others. New product development was the most commonly used growth strategy by the top players in the market, constituting more than half of the total development share between 2012 and 2016. It was followed by contracts & agreements, investments & expansions, and mergers & acquisitions.

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