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Switched Reluctance Motors-Global Market Insights and Sales Trends 2024
Synopsis
The switched reluctance motor (SRM) is a type of a stepper motor, an electric motor that runs by reluctance torque. Unlike common DC motor types, power is delivered to windings in the stator (case) rather than the rotor. This greatly simplifies mechanical design as power does not have to be delivered to a moving part, but it complicates the electrical design as some sort of switching system needs to be used to deliver power to the different windings. With modern electronic devices, precisely timed switching is not a problem, and the SRM is a popular design for modern stepper motors. Its main drawback is torque ripple.
The global Switched Reluctance Motors market size is expected to reach US$ 791.5 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Switched Reluctance Motors in various end use industries. The expanding demands from the Automobile Industry, Appliance Industry, Industrial Machinery and Others, are propelling Switched Reluctance Motors market. <100 KW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 100-500 KW segment is estimated at % CAGR for the next seven-year period.
Global Switched Reluctance Motors key players include Nidec, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH etc. Global top five manufacturers hold a share over 50%.
Europe is the largest market, with a share over 25%, followed by China and Japan, both have a share over 30% percent. In terms of product, <100 KW is the largest segment, with a share over 60%. And in terms of application, the largest application is Industrial Machinery, followed by Automobile Industry and Appliance Industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Switched Reluctance Motors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Switched Reluctance Motors market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Switched Reluctance Motors market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Switched Reluctance Motors sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Switched Reluctance Motors covered in this report include Nidec, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH, Rongjia Motor, Shandong Desen, Huayang and Heliad, etc.
The global Switched Reluctance Motors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nidec
AMETEK
VS Technology
Shandong Kehui Power Automation
Maccon GmbH
Rongjia Motor
Shandong Desen
Huayang
Heliad
Rocky Mountain Technologies
Global Switched Reluctance Motors market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Switched Reluctance Motors market, Segment by Type:
<100 KW
100-500 KW
>500 KW
Global Switched Reluctance Motors market, by Application
Automobile Industry
Appliance Industry
Industrial Machinery
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Switched Reluctance Motors manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Switched Reluctance Motors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The switched reluctance motor (SRM) is a type of a stepper motor, an electric motor that runs by reluctance torque. Unlike common DC motor types, power is delivered to windings in the stator (case) rather than the rotor. This greatly simplifies mechanical design as power does not have to be delivered to a moving part, but it complicates the electrical design as some sort of switching system needs to be used to deliver power to the different windings. With modern electronic devices, precisely timed switching is not a problem, and the SRM is a popular design for modern stepper motors. Its main drawback is torque ripple.
The global Switched Reluctance Motors market size is expected to reach US$ 791.5 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Switched Reluctance Motors in various end use industries. The expanding demands from the Automobile Industry, Appliance Industry, Industrial Machinery and Others, are propelling Switched Reluctance Motors market. <100 KW, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 100-500 KW segment is estimated at % CAGR for the next seven-year period.
Global Switched Reluctance Motors key players include Nidec, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH etc. Global top five manufacturers hold a share over 50%.
Europe is the largest market, with a share over 25%, followed by China and Japan, both have a share over 30% percent. In terms of product, <100 KW is the largest segment, with a share over 60%. And in terms of application, the largest application is Industrial Machinery, followed by Automobile Industry and Appliance Industry.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Switched Reluctance Motors, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Switched Reluctance Motors market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Switched Reluctance Motors market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Switched Reluctance Motors sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Switched Reluctance Motors covered in this report include Nidec, AMETEK, VS Technology, Shandong Kehui Power Automation, Maccon GmbH, Rongjia Motor, Shandong Desen, Huayang and Heliad, etc.
The global Switched Reluctance Motors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Nidec
AMETEK
VS Technology
Shandong Kehui Power Automation
Maccon GmbH
Rongjia Motor
Shandong Desen
Huayang
Heliad
Rocky Mountain Technologies
Global Switched Reluctance Motors market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Switched Reluctance Motors market, Segment by Type:
<100 KW
100-500 KW
>500 KW
Global Switched Reluctance Motors market, by Application
Automobile Industry
Appliance Industry
Industrial Machinery
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Switched Reluctance Motors manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Switched Reluctance Motors in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Switched Reluctance Motors Market Overview
1.1 Switched Reluctance Motors Product Overview
1.2 Switched Reluctance Motors Market Segment by Type
1.2.1 <100 KW
1.2.2 100-500 KW
1.2.3 >500 KW
1.3 Global Switched Reluctance Motors Market Size by Type
1.3.1 Global Switched Reluctance Motors Market Size Overview by Type (2018-2029)
1.3.2 Global Switched Reluctance Motors Historic Market Size Review by Type (2018-2023)
1.3.3 Global Switched Reluctance Motors Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Switched Reluctance Motors Sales Breakdown by Type (2018-2023)
1.4.2 Europe Switched Reluctance Motors Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Switched Reluctance Motors Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Switched Reluctance Motors Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Switched Reluctance Motors Sales Breakdown by Type (2018-2023)
2 Global Switched Reluctance Motors Market Competition by Company
2.1 Global Top Players by Switched Reluctance Motors Sales (2018-2023)
2.2 Global Top Players by Switched Reluctance Motors Revenue (2018-2023)
2.3 Global Top Players by Switched Reluctance Motors Price (2018-2023)
2.4 Global Top Manufacturers Switched Reluctance Motors Manufacturing Base Distribution, Sales Area, Product Type
2.5 Switched Reluctance Motors Market Competitive Situation and Trends
2.5.1 Switched Reluctance Motors Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Switched Reluctance Motors Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Switched Reluctance Motors as of 2022)
2.7 Date of Key Manufacturers Enter into Switched Reluctance Motors Market
2.8 Key Manufacturers Switched Reluctance Motors Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Switched Reluctance Motors Status and Outlook by Region
3.1 Global Switched Reluctance Motors Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Switched Reluctance Motors Historic Market Size by Region
3.2.1 Global Switched Reluctance Motors Sales in Volume by Region (2018-2023)
3.2.2 Global Switched Reluctance Motors Sales in Value by Region (2018-2023)
3.2.3 Global Switched Reluctance Motors Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Switched Reluctance Motors Forecasted Market Size by Region
3.3.1 Global Switched Reluctance Motors Sales in Volume by Region (2024-2029)
3.3.2 Global Switched Reluctance Motors Sales in Value by Region (2024-2029)
3.3.3 Global Switched Reluctance Motors Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Switched Reluctance Motors by Application
4.1 Switched Reluctance Motors Market Segment by Application
4.1.1 Automobile Industry
4.1.2 Appliance Industry
4.1.3 Industrial Machinery
4.1.4 Others
4.2 Global Switched Reluctance Motors Market Size by Application
4.2.1 Global Switched Reluctance Motors Market Size Overview by Application (2018-2029)
4.2.2 Global Switched Reluctance Motors Historic Market Size Review by Application (2018-2023)
4.2.3 Global Switched Reluctance Motors Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Switched Reluctance Motors Sales Breakdown by Application (2018-2023)
4.3.2 Europe Switched Reluctance Motors Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Switched Reluctance Motors Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Switched Reluctance Motors Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Switched Reluctance Motors Sales Breakdown by Application (2018-2023)
5 North America Switched Reluctance Motors by Country
5.1 North America Switched Reluctance Motors Historic Market Size by Country
5.1.1 North America Switched Reluctance Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Switched Reluctance Motors Sales in Volume by Country (2018-2023)
5.1.3 North America Switched Reluctance Motors Sales in Value by Country (2018-2023)
5.2 North America Switched Reluctance Motors Forecasted Market Size by Country
5.2.1 North America Switched Reluctance Motors Sales in Volume by Country (2024-2029)
5.2.2 North America Switched Reluctance Motors Sales in Value by Country (2024-2029)
6 Europe Switched Reluctance Motors by Country
6.1 Europe Switched Reluctance Motors Historic Market Size by Country
6.1.1 Europe Switched Reluctance Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Switched Reluctance Motors Sales in Volume by Country (2018-2023)
6.1.3 Europe Switched Reluctance Motors Sales in Value by Country (2018-2023)
6.2 Europe Switched Reluctance Motors Forecasted Market Size by Country
6.2.1 Europe Switched Reluctance Motors Sales in Volume by Country (2024-2029)
6.2.2 Europe Switched Reluctance Motors Sales in Value by Country (2024-2029)
7 Asia-Pacific Switched Reluctance Motors by Region
7.1 Asia-Pacific Switched Reluctance Motors Historic Market Size by Region
7.1.1 Asia-Pacific Switched Reluctance Motors Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Switched Reluctance Motors Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Switched Reluctance Motors Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Switched Reluctance Motors Forecasted Market Size by Region
7.2.1 Asia-Pacific Switched Reluctance Motors Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Switched Reluctance Motors Sales in Value by Region (2024-2029)
8 Latin America Switched Reluctance Motors by Country
8.1 Latin America Switched Reluctance Motors Historic Market Size by Country
8.1.1 Latin America Switched Reluctance Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Switched Reluctance Motors Sales in Volume by Country (2018-2023)
8.1.3 Latin America Switched Reluctance Motors Sales in Value by Country (2018-2023)
8.2 Latin America Switched Reluctance Motors Forecasted Market Size by Country
8.2.1 Latin America Switched Reluctance Motors Sales in Volume by Country (2024-2029)
8.2.2 Latin America Switched Reluctance Motors Sales in Value by Country (2024-2029)
9 Middle East and Africa Switched Reluctance Motors by Country
9.1 Middle East and Africa Switched Reluctance Motors Historic Market Size by Country
9.1.1 Middle East and Africa Switched Reluctance Motors Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Switched Reluctance Motors Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Switched Reluctance Motors Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Switched Reluctance Motors Forecasted Market Size by Country
9.2.1 Middle East and Africa Switched Reluctance Motors Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Switched Reluctance Motors Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Nidec
10.1.1 Nidec Company Information
10.1.2 Nidec Introduction and Business Overview
10.1.3 Nidec Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Nidec Switched Reluctance Motors Products Offered
10.1.5 Nidec Recent Development
10.2 AMETEK
10.2.1 AMETEK Company Information
10.2.2 AMETEK Introduction and Business Overview
10.2.3 AMETEK Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.2.4 AMETEK Switched Reluctance Motors Products Offered
10.2.5 AMETEK Recent Development
10.3 VS Technology
10.3.1 VS Technology Company Information
10.3.2 VS Technology Introduction and Business Overview
10.3.3 VS Technology Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.3.4 VS Technology Switched Reluctance Motors Products Offered
10.3.5 VS Technology Recent Development
10.4 Shandong Kehui Power Automation
10.4.1 Shandong Kehui Power Automation Company Information
10.4.2 Shandong Kehui Power Automation Introduction and Business Overview
10.4.3 Shandong Kehui Power Automation Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Shandong Kehui Power Automation Switched Reluctance Motors Products Offered
10.4.5 Shandong Kehui Power Automation Recent Development
10.5 Maccon GmbH
10.5.1 Maccon GmbH Company Information
10.5.2 Maccon GmbH Introduction and Business Overview
10.5.3 Maccon GmbH Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Maccon GmbH Switched Reluctance Motors Products Offered
10.5.5 Maccon GmbH Recent Development
10.6 Rongjia Motor
10.6.1 Rongjia Motor Company Information
10.6.2 Rongjia Motor Introduction and Business Overview
10.6.3 Rongjia Motor Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Rongjia Motor Switched Reluctance Motors Products Offered
10.6.5 Rongjia Motor Recent Development
10.7 Shandong Desen
10.7.1 Shandong Desen Company Information
10.7.2 Shandong Desen Introduction and Business Overview
10.7.3 Shandong Desen Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shandong Desen Switched Reluctance Motors Products Offered
10.7.5 Shandong Desen Recent Development
10.8 Huayang
10.8.1 Huayang Company Information
10.8.2 Huayang Introduction and Business Overview
10.8.3 Huayang Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Huayang Switched Reluctance Motors Products Offered
10.8.5 Huayang Recent Development
10.9 Heliad
10.9.1 Heliad Company Information
10.9.2 Heliad Introduction and Business Overview
10.9.3 Heliad Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Heliad Switched Reluctance Motors Products Offered
10.9.5 Heliad Recent Development
10.10 Rocky Mountain Technologies
10.10.1 Rocky Mountain Technologies Company Information
10.10.2 Rocky Mountain Technologies Introduction and Business Overview
10.10.3 Rocky Mountain Technologies Switched Reluctance Motors Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Rocky Mountain Technologies Switched Reluctance Motors Products Offered
10.10.5 Rocky Mountain Technologies Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Switched Reluctance Motors Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Switched Reluctance Motors Industrial Chain Analysis
11.4 Switched Reluctance Motors Market Dynamics
11.4.1 Switched Reluctance Motors Industry Trends
11.4.2 Switched Reluctance Motors Market Drivers
11.4.3 Switched Reluctance Motors Market Challenges
11.4.4 Switched Reluctance Motors Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Switched Reluctance Motors Distributors
12.3 Switched Reluctance Motors Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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