Synchronous Motor Market Trends 2021: Challenges, Growth Drivers
According to Market Research Future (MRFR), the global synchronous motor market is expected to cross USD 26.09 billion with a CAGR of 4.33% from 2019 to 2025 (forecast period). The report discusses the effect of COVID-19 on the industry, including potential opportunities and threats, drivers and risks, and synchronous motor market growth forecasts based on various scenarios. The synchronous motor is the same physical machine as the generator; however, the direction of the real power flow is reversed. The synchronous motors include multi-phase AC electromagnets on the motor stator that generate a magnetic field that rotates in time with line current oscillations. Synchronous motors are used to convert electric power to mechanical power. Market Dynamics The global market for synchronous motors is rising due to the growth of the oil and gas industry, the chemical industry, and the pulp and paper industry. Synchronous motors typically outperform induction motors, particularly for low-