Synchronous Motor Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2032
Overview
Synchronous Motor Market was valued nearly USD 24.94 Bn. in 2025. Synchronous Motor Market size is estimated to grow at a CAGR of 4.19% & is expected to reach at USD 33.25 Bn By 2032.
Synchronous Motor Market Overview:
The whole synchronous motor market is being driven by rising electricity consumption combined with an exponential rise in the cost of electricity. Synchronous motors have a lot of benefits, like power aspect correction to save energy & high efficiency, which makes them easier to accept in the industrial industry. Synchronous motors are commonly utilised in industry, & depending on the industry, they can be employed as generators or motors. It normally runs at a synchronous pace, that is, at a constant speed with a predictable frequency, to ensure more consistency. Synchronous motors are gaining popularity among customers due to their excellent performance, low power loss, low maintenance requirements, and flexibility in adapting to various plant layouts.
To know about the Research Methodology :- Request Free Sample Report
Synchronous motors & self-starting motors are frequently confused. To excite the motor, which is close to synchronous speed, an external DC source is required. Despite the fact that synchronous motors are more complicated than induction motors, large synchronous motors are more capable of maintaining a consistent operation speed even under surplus situations & voltage inconsistencies. Its motor can operate on the basis of primary or casing power. They are skilled at power aspect adjustment and operate at high efficiency, lowering energy costs by transporting reactive power to the network. These are the most important growth drivers in the global synchronous motor industry.
Increased demand and need for energy efficient, low-power-consuming motors, expanding need for synchronous motors in the industrial & agricultural sectors, & rising awareness about the use of green cars are all driving market growth. Furthermore, the increased relevance of standard motor protection & usage is likely to boost the total synchronous motors market growth over the forecast period.
Industrial & manufacturing sector: Global Synchronous Motor Market:
Synchronous motors are used in a variety of industries, including oil and gas, industrial & manufacturing, metals & mining, and others. The major market, which includes the use of synchronous motors for pumps, extruders, and compressors, is captured by the industrial & manufacturing industry. PMSMs are used in a variety of industries, including chemical, process, & cement manufacture. Furthermore, the expansion of industrial activity in countries such as China, India, and Japan has been a major driver of the synchronous motor industry.
Rising demand for electricity:
Electricity is at the heart of modern economies, & it accounts for an increasing proportion of energy services. As a result of increased household incomes, electrification of transportation & heat, & growing demand for digital connected gadgets & air conditioning, energy demand is expected to rise even more. Rising electricity demand was one of the main reasons why global CO2 emissions from the power sector hit a new high in the year 2022, but the commercial availability of a various range of low-emission generation technologies places electricity at the forefront of efforts to combat climate change and pollution.
Furthermore, using electricity-based fuels like hydrogen or synthetic liquid fuels, decarbonized energy might offer a platform for lowering CO2 emissions in other segments. Renewable energy also plays an important role in ensuring universal access to electricity.
The demand for electricity follows two unique regional trajectories. Future growth in advanced economies connected to increased digitization and electrification is substantially countered by improvements in energy efficiency. Rising earnings, greater industrial output, and a growing services sector all boost demand upward in developing economies. In the Stated Policies Scenario, developing nations account for approximately 90% of global energy demand growth through 2040, although demand per person remains 60% lower than in advanced economies.
Synchronous Motor Market Regional Overview:
The Asia Pacific (APAC) region continues to dominate the global synchronous electric motors market during the period 2025–2032. Market growth in the region is primarily driven by rising demand for electric motors across industrial applications, coupled with increasing awareness regarding energy efficiency and sustainable power consumption. Escalating energy costs are further encouraging industries to adopt synchronous electric motors due to their high efficiency and lower operational losses. The strong manufacturing base and the presence of a large number of electric motor manufacturers in countries such as China and India are expected to help APAC retain its market leadership throughout 2025–2032.
The objective of this report is to present a comprehensive analysis of the synchronous motor market to industry stakeholders. The report highlights both the current and evolving status of the industry for the period 2025–2032, including market size, key trends, and growth patterns. Complex market data has been simplified to provide clear insights, making the report accessible to a wide range of decision-makers. It covers all critical aspects of the industry, with a focused evaluation of key players, including market leaders, followers, and new entrants.
Additionally, the report incorporates Porter’s Five Forces and PESTEL analysis to assess the potential impact of micro-economic and macro-economic factors on the market. Both internal and external factors influencing the business environment—positively or negatively—are examined to offer a forward-looking perspective. The study also analyzes market dynamics and structure through detailed segmentation, enabling accurate projection of the synchronous motor market size during 2025–2032. A clear competitive landscape is provided through comparative analysis of key players based on operations, pricing, financial performance, product portfolio, growth strategies, and regional presence, making the report a valuable guide for investors and industry participants.
Synchronous Motor Market Recent Industry Developments (2025–2026)
| Date | Company | Development | Impact |
|---|---|---|---|
| 16 February 2026 | ABB | The company announced the full commercialization of its IE6 Hyper-Efficiency SynRM (Synchronous Reluctance Motor) technology for standard industrial applications. | This development enables operators to reduce energy losses by up to 20% compared to IE5 motors, setting a new benchmark for decarbonization in pumps, fans, and compressors. |
| 03 February 2026 | Nidec Corporation | The company finalized the deployment of its advanced Permanent Magnet Synchronous Motor (PMSM) production lines to meet a forecasted demand of 28.1 million units for the EV sector. | This expansion strengthens its global supply chain and supports the transition of automotive OEMs toward high-torque, high-efficiency traction systems. |
| 27 October 2025 | Astemo, Ltd. | Developed a new rare-earth-free synchronous reluctance motor that achieves a high output of 180 kW for Battery Electric Vehicles (BEVs). | The innovation eliminates geopolitical resource risks associated with neodymium magnets while maintaining performance equivalent to conventional permanent magnet motors. |
| 15 September 2025 | ABB | Expanded its IE5 SynRM portfolio by introducing three smaller frame sizes (90, 100, and 112) covering the 0.75 kW to 450 kW range. | This allows for the direct replacement of older, less efficient induction motors in light industrial machinery without requiring mechanical modifications. |
| 01 July 2025 | WEG S.A. | Launched the W50 platform, a new generation of high-performance synchronous motors incorporating intellectual property from its Regal Rexnord collaboration. | The platform targets heavy-duty industrial applications, offering improved thermal management and enhanced reliability in harsh environments. |
| 22 May 2025 | Zollern GmbH & Co. KG | Introduced a new high-torque synchronous motor specifically engineered for offshore and marine propulsion systems. | The development addresses the growing European demand for low-emission marine vessels and provides high power density for space-constrained engine rooms. |
Synchronous Motor Market Scope: Inquire before buying
| Synchronous Motor Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2025 | Forecast Period: | 2026-2032 |
| Historical Data: | 2020 to 2025 | Market Size in 2025: | 24.94 USD Bn |
| Forecast Period 2026-2032 CAGR: | 4.19% | Market Size in 2032: | 33.25 USD Bn |
| Segments Covered: | by Mount Type | Horizontal Mounting Synchronous Motor Vertical Mounting Synchronous Motor |
|
| by Voltage Class | Medium Voltage Low Voltage |
||
| by Application | Compressors Pumps Fans Extruders Mixers Others |
||
| by End User | Oil and Gas Chemicals and Petrochemicals Mining Metals Others |
||
Synchronous 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)
Major Players operating in the Global Synchronous Motor Market are:
- ABB Ltd.
- Siemens AG
- WEG S.A.
- Nidec Corporation (Japan)
- Toshiba Corporation
- Mitsubishi Electric Corporation
- General Electric Company
- Regal Rexnord Corporation
- Schneider Electric SE
- Rockwell Automation, Inc.
- Emerson Electric Co.
- Johnson Electric Holdings Limited
- Hitachi Ltd.
- Fuji Electric Co., Ltd.
- Bosch Rexroth AG
- Danfoss A/S
- TECO-Westinghouse Motor Company
- Bonfiglioli Riduttori S.p.A.
- SEW-Eurodrive GmbH & Co KG
- Bharat Bijlee Ltd.
- Kirloskar Electric Company Ltd.
- Leroy-Somer
- VEM Group
- Hyosung Heavy Industries
- Crompton Greaves Power and Industrial Solutions Ltd.