The article cited AMA's Global Synchronous Motors Market Study explored substantial growth with CAGR of %. According the report, Inclination Towards the Permanent Magnet Synchronous Motors Due To Smaller Size, Lighter Weight, and Superior Efficiency is one of the primary growth factors for the market. Growing Demand of Synchronous Motors in Robot Actuators and Industrial Machinery Due to Its Excellent Speed Control
is also expected to contribute significantly to the Synchronous Motors market. Overall, Robot Actuators
applications of Synchronous Motors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ABB Ltd. (Switzerland), Nidec Corporation (Japan), Toyo Denki Seizo K.K. (Japan), Siemens (Germany), Toshiba Corporation (Japan), General Electric Company (United States), Robert Bosch GmbH (Germany), Emerson Electric Co. (United States), Rockwell Automation (United States), Honeywell International Inc. (United STates), Ingeteam (United States), WEG (United States) and ARC Systems Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Voltage Type, such as Low Voltage, is boosting the Synchronous Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Phase Type, such as Single Phase, is boosting the Synchronous Motors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Synchronous Motors market identified that the demand is rising in many different parts of the world as "Adoption of Renewable Energy and Rise of Smart Grids is Expected to Create Opportunities". One of the challenges that industry facing is "High Cost of Manufacturing of Some Synchronous Motors Due to Fluctuating Price of Rare Earth Materials"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Synchronous Motors market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Synchronous Motors market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Synchronous Motors market tight? Which application/end-user category or Product Type [Non-Excited Synchronous Motor (Hysteresis Synchronous, Reluctance Synchronous, Permanent Magnet Synchronous) and Direct Current (DC) Excited Synchronous Motors] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Synchronous Motors market and other related sub-markets covered in the study.
o Key & emerging players in the Synchronous Motors market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Synchronous Motors market size is calculated using market estimation process, the Synchronous Motors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Synchronous Motors market size has been validated using both top-down and bottom-up approaches.