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-RPM and low-to medium-voltage applications. Synchronous motors are commonly used in pumps, compressors, fans, conveyor belts, extruders, and mixers. The growth of automation is also fueling the synchronous motor market's growth due to the broad applicability of the product to ventilation, cooling, and heating systems.
Market Segmentation
The global synchronous motor market has been segmented into mount type, voltage class, application, and end-user.
By mount type, the market has been segmented into the horizontal mounting synchronous motor and vertical mounting synchronous motor. Horizontal mounting synchronous motor is the broader market and is utilized for fans, compressors, conveyors, and cranes. Vertical mounting synchronous motors are used in applications where the motor is designed to handle radial and axial thrust. They find utility in pumps and other low inertia variable torque applications.
By voltage class, the market has been segmented into high voltage, medium voltage and low voltage. High voltage synchronous motors are ideal for operations requiring high power and low operating speeds. Synchronous motors outperform induction motors for operating speeds below 500 RPM and power requirements between 35–2500 kW. These are used to drive conveyor belts, compressors, and cranes. Low voltage synchronous motors are used in fans for heating, ventilation, and cooling systems.
By application, the market has been divided into compressors, pumps, fans, conveyor belts, extruders, mixers, and others. Synchronous motor compressors typically outperform induction motor compressors, particularly when higher ratings (5000 hp or higher) are involved. Synchronous motors are commonly used in pumps due to their constant speeds, irrespective of load and capacity to handle radial and axial thrusts. Fans are the largest segment. Industrial purpose fans primarily use synchronous motors due to their constant speeds. Conveyor belts require high power and constant speeds, which are ideal for synchronous motors. Conveyor belts need low voltage, and those running on low RPMs use synchronous motors as they outperform all aspects of induction motors. Extruders require constant speed at low to medium voltage. The rising worldwide demand for plastics drives the segment of synchronous motor extruders. Synchronous motors commonly use mixers due to their need for continuous low voltage RPMs. The other segment includes ball mills, robot actuators, rotor windings, among others.
By the end-user, the global market has been divided into oil & gas, chemicals & petrochemicals, mining, pulp and paper, metals, and others. Oil & gas is the largest market within this segment. The oil & gas industry requires synchronous motor pumps, fans, and compressors for low and high speeds. The Chemicals & Petrochemicals segment is motivated by the need for synchronous motor pumps and compressors to help move chemicals and petrochemicals. The mining industry has a vital need for pumps capable of transporting water from mines to avoid flooding. The constant speed of the pump is essential, regardless of the fluctuations of the load, and this can be accomplished by means of synchronous motor pumps. The pulp and paper industry requires machines that run at a steady, low to medium speed using synchronous motors. The metal industry uses synchronous motors for the processing and manufacture of metals. The other segment includes construction and agriculture, among others.
Regional Analysis
By region, the global synchronous motor market trends has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The North American synchronous motor market is powered by its massive oil & gas industry, a large chemical industry, and a strong pulp and paper industry.
European synchronous motor market is driven by requirements in various manufacturing plants.
The Asia Pacific is the largest and fastest-growing regional market for synchronous motors due to the involvement of the largest mining industry, the largest pulp and paper industry, and the largest oil and gas market (whose transport relies on synchronous pumps).
The market in Middle East & Africa is primarily driven by a vast and well-established oil & gas industry.
South America has a demand mainly for synchronous pumps.
Key Players
ABB, Siemens, Bosch Group, Rockwell Automation, Inc., Toshiba Corporation, WEG SA, Hitachi Ltd, Johnson Electric Holdings Limited, Emerson Electric Co., General Electric, Nidec Corporation.
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