Global Switched Reluctance Motor Market was valued at USD 305.14 Mn in 2023 and is expected to reach USD 520.15 Mn by 2030, at a CAGR of 7.90% during a forecast period. The switched reluctance motor i.e. SRM is an electrical machine that converts electric power into mechanical power. The SRM has been used as an alternative to AC drives owing to their high power per unit volume and weight, high efficiency, high torque-cost ratio, controllability over an extensive speed range and good consistency for high-speed operation. The detailed dynamics of the global switched reluctance motor market are thoroughly studied and explained in the MMR report, which helps the reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the global switched reluctance motor market. The major factors responsible for the growth of switched reluctance motor market are increased performance of SRM, high motor-drive efficiency and reliability, and low overall system cost.To know about the Research Methodology :- Request Free Sample Report
Global Switched Reluctance Motor Market Dynamics:
Furthermore, the growing installation of switched reluctance motors in EVS (Electric Vehicles) and extensive application in process control industries, fuel pump operation, and electric power steering are expected to fueling the growth of the global switched reluctance motors market during 2024-2030. However, the global switched reluctance motor market is hampered by the difficulty to control, have a torque ripple effect, noisy, and need a shaft sensor for operation. Torque in SRM has restraint of maximum allowed current and bus voltage speed. The MMR report covers all segments in the switched reluctance motor market such as type and applications. Some of the applications of SMR are air conditioning system which is environment friendly for passenger trains, motor blower for vacuum cleaning, advanced weaving machine technology, and food processor compact drives. Various oil fields are still using beam pumping units. Using these, electricity costs can account for over 25% of the cost of oil production, and the stroke adjustment is not optimal. Owing to increasing cost and lower revenue, reducing energy consumption is a high priority, so an energy-efficient pumping unit can be very helpful. The oil pump application segment was valued at US$ xx Mn. in 2023 and is expected to reach US$ xx Mn. by 2030at a CAGR of xx% during the forecast period. By type, the 4/2 2-Phase switched reluctance motor segment dominated the market, with a market size of US$ xx Bn. in 2023 and to reach US$ XX Mn. by 2030, with a CAGR of nearly xx%. Single-SRM cannot work properly when where difficult loads are concerned, such as loads that combine direct-drive and high friction. To overcome this drawback, the two-phase SRM are widely used in industries. Two-phase motors can perform under difficult load conditions and they will generally be cheaper than equivalent Three-phase motors, because of the lower component count in the power electronic drive.Global Switched Reluctance Motor Market Regional Analysis:
Geographically, North America accounted for the largest market share in 2023, with a market value of US$ xx Mn; the regional market is expected to register a CAGR of xx% during 2024-2030. This growth is attributed to the expanding demand for relatively simple motor design with high durability and reliability across various applications. Additionally, Europe also plays important roles in the SRM market, with a market size of US$ xx Mn. in 2023 and will be US$ xx Mn. in 2030, with a CAGR of xx%. The major factor driving the growth of the European market is the rising demand and manufacturing of EVS across Europe. However, APAC is expected to account for the largest xx% share followed by North America and Europe during 2024-2030. This growth is driven by rising industrialization, demand for EVs and automotive production is expected to register substantial growth in the near future. India, China, and Japan are expected to be the prominent economies across the APAC driving the switched reluctance motors market during 2024-2030. The MMR reports cover key developments in the SRM market as organic and inorganic growth strategies. In 2023, a Californian Company has developed a new form of high-efficiency switched reluctance motor which, it claims, will affectedly improve the performance of refrigeration, HVAC, pumping and other applications. The objective of the report is to present a comprehensive analysis of the Global Switched Reluctance Motor Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and project the Global Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.Scope of the Global Switched Reluctance Motor Market: Inquire before buying
Global Switched Reluctance Motor Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 305.14 Mn. Forecast Period 2024 to 2030 CAGR: 7.90% Market Size in 2030: USD 520.15 Mn. Segments Covered: by Type 4/2 2-Phase switched reluctance motor 6/3 3-Phase switched reluctance motor by Application Fuel Pump Throttle Control Oil Pump Vacuum Cleaner Lawnmower Washing Machine Fans Automatic doors in buildings and vehicles Global Switched Reluctance Motor Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global Switched Reluctance Motor Market, Key Players
1. Infineon Technologies AG 2. MACCON 3. E.KRETZSCHMAR 4. Domel, d.o.o. 5. Nidec SR Drives Ltd., 6. Renesas Electronics Corporation 7. Regal Beloit Corporation 8. Ramco Electric Motors 9. U.S. Motors, 10. Emotron 11. Control Engineering etc. 12. AMETEK 13. VS Technology 14. Shandong Kehui Power Automation 15. Rongjia Motor Co. Ltd 16. Shandong Desen 17. Huayang 18. Heliad 19. Rocky Mountain TechnologiesFrequently Asked Questions:
1. Which region has the largest share in Global Switched Reluctance Motor Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Switched Reluctance Motor Market? Ans: The Global Switched Reluctance Motor Market is growing at a CAGR of 7.90% during forecasting period 2024-2030. 3. What is scope of the Global Switched Reluctance Motor Market report? Ans: Global Switched Reluctance Motor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global market? Ans: The important key players in the Global market are – Infineon Technologies AG, MACCON, E.KRETZSCHMAR, Domel, d.o.o., Nidec SR Drives Ltd.,, Renesas Electronics Corporation, Regal Beloit Corporation, Ramco Electric Motors, U.S. Motors,, Emotron, Control Engineering etc., AMETEK, VS Technology, Shandong Kehui Power Automation, Rongjia Motor Co. Ltd, Shandong Desen, Huayang, Heliad, Rocky Mountain Technologies. 5. What is the study period of this Market? Ans: The Global market is studied from 2023 to 2030.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Switched Reluctance Motor Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Switched Reluctance Motor Market 3.4. Geographical Snapshot of the Switched Reluctance Motor Market, By Manufacturer share 4. Global Switched Reluctance Motor Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Switched Reluctance Motor Market 5. Supply Side and Demand Side Indicators 6. Global Switched Reluctance Motor Market Analysis and Forecast, 2023-2030 6.1. Global Switched Reluctance Motor Market Size & Y-o-Y Growth Analysis. 7. Global Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 7.1.1. 4/2 2-Phase switched reluctance motor 7.1.2. 6/3 3-Phase switched reluctance motor 7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.2.1. Fuel Pump 7.2.2. Throttle Control 7.2.3. Oil Pump 7.2.4. Vacuum Cleaner 7.2.5. Lawnmower 7.2.6. Washing Machine 7.2.7. Fans 7.2.8. Automatic doors in buildings and vehicles 8. Global Switched Reluctance Motor Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 9.1.1. 4/2 2-Phase switched reluctance motor 9.1.2. 6/3 3-Phase switched reluctance motor 9.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.2.1. Fuel Pump 9.2.2. Throttle Control 9.2.3. Oil Pump 9.2.4. Vacuum Cleaner 9.2.5. Lawnmower 9.2.6. Washing Machine 9.2.7. Fans 9.2.8. Automatic doors in buildings and vehicles 10. North America Switched Reluctance Motor Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12. Canada Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13. Mexico Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14. Europe Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 15. Europe Switched Reluctance Motor Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17. France Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18. Germany Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19. Italy Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20. Spain Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21. Sweden Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22. CIS Countries Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23. Rest of Europe Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24. Asia Pacific Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 25. Asia Pacific Switched Reluctance Motor Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27. India Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28. Japan Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29. South Korea Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30. Australia Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31. ASEAN Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32. Rest of Asia Pacific Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33. Middle East Africa Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 34. Middle East Africa Switched Reluctance Motor Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36. GCC Countries Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37. Egypt Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38. Nigeria Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39. Rest of ME&A Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40. South America Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 41. South America Switched Reluctance Motor Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43. Argentina Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44. Rest of South America Switched Reluctance Motor Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Switched Reluctance Motor Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Infineon Technologies AG. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. MACCON 45.3.3. E.KRETZSCHMAR 45.3.4. Domel, d.o.o. 45.3.5. Nidec SR Drives Ltd., 45.3.6. Renesas Electronics Corporation 45.3.7. Regal Beloit Corporation 45.3.8. Ramco Electric Motors 45.3.9. U.S. Motors, 45.3.10. Emotron 45.3.11. Control Engineering etc. 45.3.12. AMETEK 45.3.13. VS Technology 45.3.14. Shandong Kehui Power Automation 45.3.15. Rongjia Motor Co. Ltd 45.3.16. Shandong Desen 45.3.17. Huayang 45.3.18. Heliad 45.3.19. Rocky Mountain Technologies 45.3.20. Others 46. Primary Key Insights
