The global demand for Switched Reluctance Motor Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2021 - 2027. Regarding volume, the market was calculated XX Thousand Units in 2020 and forecast to touch XX Thousand Units by 2027 with a CAGR of XX% during 2021-2027.
The switched reluctance motor (SRM) is a reluctance torque-driven electric motor. This motor is also known as a VRM motor (Variable Reluctance Motor). SRM has the same control characteristics as dc motors that are electronically commutated. These motors are used in applications where sizing and horsepower (hp) to weight ratios are essential. The switching reluctance motor outperforms other motor types in performance, efficiency, and dependability while costing less. Switched reluctance motors are suited for high-speed applications due to their resilience. The stator windings of a switching reluctance motor are wound field coils, just like a DC motor. Because these motors can run at a higher speed, they're commonly used in electromechanical brake systems, high-speed machines, power devices, and electric and hybrid automobiles. The switching reluctance motor outperforms other motor types in performance, efficiency, and dependability while costing less.
During the forecast period, switching reluctance motors in the automotive sector to make electric vehicles will likely increase the global switched reluctance motor market. Automobiles, industrial machinery, blowers, compressors, domestic appliances, and various other high-speed applications drive demand for switching reluctance motors over different motor types. An increase in battery-operated devices is expected to generate profitable prospects for the switching reluctance motor market during the projected period. Switch reluctance motor manufacturers operating on the global market have implemented novel strategies to boost sales. Energy-saving systems are in high demand worldwide. This aspect is propelling the switching reluctance motor industry forward. The growing popularity of electric vehicles provides attractive prospects for participants in the switching reluctance motor industry. Battery-operated devices are further driving the global market, utilized in industrial applications, machinery, home electrical devices, power tools, drones, and airplanes.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of switched reluctance motor. The growth and trends of Switched Reluctance Motor Industry provide a holistic approach to this study.
This section of the switched reluctance motor market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Operating Power
- 1 Phase
- 2 Phase
- 3 Phase
- 4 Phase
- Less Than 100Kw
- Above 200Kw
By End-Use Industry
- Electromechanical Brake System
- Fuel Pump
- Hybrid/ Electric Vehicle
- Home And Building
This section covers the regional outlook, which accentuates current and future demand for the Switched Reluctance Motor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Switched Reluctance Motor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the switched reluctance motor market include MACCON Gmbh & Co. Kg, Turntide, NIDEC Corporation, Advanced Electric Machines (AEM), Regal Beloit Corporation, Shandong Kehui Power Automation Co., Ltd, Punch Powertrain NV, AMETEK Inc., Chara, Enedym. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.