Synchronous Reluctance Motor (SynRM) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032

The global market for Synchronous Reluctance Motor (SynRM) was estimated to be worth US$ 264.28 million in 2025 and is projected to reach US$ 577.86 million by 2032, growing at a CAGR of 12.13% from 2026 to 2032.

The North American market for Synchronous Reluctance Motor (SynRM) was valued at US$ 66.84 million in 2025 and is projected to reach US$ 140.56 million by 2032, at a CAGR of 11.44% from 2026 to 2032.

The Asia-Pacific market for Synchronous Reluctance Motor (SynRM) was valued at $ 101.29 million in 2025 and is projected to climb to US$ 242.3 million by 2032, at a CAGR of 13.68% from 2026 to 2032.

The European market for Synchronous Reluctance Motor (SynRM) was valued at $ 90.58 million in 2025 and is projected to total US$ 186.72 million by 2032, at a CAGR of 11.13% from 2026 to 2032.

The global key companies in the Synchronous Reluctance Motor (SynRM) market include ABB, Danfoss, Innomotics, KSB (REEL), Bonfiglioli, Oemer Motori, Nidec Leroy-Somer, Delta Electronics, TECO, Changzhou Nanfang Motor, Mark Elektriks and Hezhong Energy, etc. In 2025, the five largest players accounted for approximately 74.92% of revenue.

This report provides a comprehensive view of the global market for Synchronous Reluctance Motor (SynRM), covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.

The Synchronous Reluctance Motor (SynRM) market size, estimations, and forecasts are presented in terms of sales volume (K Units) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Synchronous Reluctance Motor (SynRM).

Market Segmentation

By Company

• ABB
• Danfoss
• Innomotics
• KSB (REEL)
• Bonfiglioli
• Oemer Motori
• Nidec Leroy-Somer
• Delta Electronics
• TECO
• Changzhou Nanfang Motor
• Mark Elektriks
• Hezhong Energy

Segment by Type

• 0-30 KW
• 30-100 KW
• Above 100 KW

Segment by Application

• Process Industries
• Discrete Industries
• Transportation

Consumption by Region

• North America

United States

Canada

Mexico

• Asia Pacific

China

Japan

South Korea

Southeast Asia

India

Rest of Asia Pacific

• Europe

Germany

France

U.K.

Italy

Netherlands

Nordic Countries

Rest of Europe

• South America

Brazil

Rest of South America

• Middle East & Africa

Chapter Outline

Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.

Chapter 2: Provides a detailed analysis of the Synchronous Reluctance Motor (SynRM) manufacturers’ competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).

Chapter 3: Analyzes market classification, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.

Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.

Chapter 5: Presents Synchronous Reluctance Motor (SynRM) sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.

Chapter 6: Presents Synchronous Reluctance Motor (SynRM) sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.

Chapter 7: Profiles key players, detailing the main companies’ product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.

Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.

Chapter 9: Conclusion. Show more