Synchronous Reluctance Motor (SynRM) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031

The global market for Synchronous Reluctance Motor (SynRM) was estimated to be worth US$ 212.61 million in 2024 and is forecast to a readjusted size of US$ 470.65 million by 2031 with a CAGR of 12.16% during the forecast period 2025-2031.

North American market for Synchronous Reluctance Motor (SynRM) was valued at $ 53.14 million in 2024 and will reach $ 109.18 million by 2031, at a CAGR of 10.98% during the forecast period of 2025 through 2031.

Asia-Pacific market for Synchronous Reluctance Motor (SynRM) was valued at $ 83.85 million in 2024 and will reach $ 206.47 million by 2031, at a CAGR of 13.89% during the forecast period of 2025 through 2031.

Europe market for Synchronous Reluctance Motor (SynRM) was valued at $ 71.16 million in 2024 and will reach $ 148.3 million by 2031, at a CAGR of 11.14% during the forecast period of 2025 through 2031.

The global key companies of Synchronous Reluctance Motor (SynRM) include ABB, Danfoss, Siemens, KSB (REEL), Bonfiglioli, Oemer Motori, Nidec Leroy-Somer, Delta Electronics, Changzhou Nanfang Motor, Mark Elektriks and Hezhong Energy, etc. In 2024, the global five largest players hold a share approximately 75.5% in terms of revenue.

This report aims to provide a comprehensive presentation of the global market for Synchronous Reluctance Motor (SynRM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Synchronous Reluctance Motor (SynRM) by region & country, by Type, and by Application.

The Synchronous Reluctance Motor (SynRM) market size, estimations, and forecasts are provided in terms of sales volume (k Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synchronous Reluctance Motor (SynRM).

Market Segmentation

By Company

• ABB
• Danfoss
• Siemens
• KSB (REEL)
• Bonfiglioli
• Oemer Motori
• Nidec Leroy-Somer
• Delta Electronics
• 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

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 report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 2: Detailed analysis of Synchronous Reluctance Motor (SynRM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 5: Sales, revenue of Synchronous Reluctance Motor (SynRM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 6: Sales, revenue of Synchronous Reluctance Motor (SynRM) in country level. It provides sigmate data by Type, and by Application for each country/region.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.