Industry Background:
Switched reluctance motor refers to the electric motor operates by generating reluctance torque between energized stator pole and iron laminated rotor. Switched reluctance motor market has high growth prospects owing to increasing demand for electrical appliances. Switched reluctance motor has numerous applications in the vacuum cleaner, lawnmower, washing machine, and others. Further, increasing demand from the developing economies expected to drive the demand for switched reluctance motor over the forecasted period.
According to AMA Research, the market for Switched Reluctance Motors is expected to register a CAGR of 5.2% during the forecast period to 2027. This growth is primarily driven by Switched Reluctance Motors Suitable for High Temperature
.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Machinery & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as U.S. Motors (United States), Nidec SR drives (United Kingdom), Maccon (Germany), Emotron (United Kingdom), Sensata Technologies (United States), Groschopp (United States), Emerson Electric (United States), Arc Systems, Inc. (United States), Renown Electric Motors & Repair Inc. (Canada), AMETEK (United States) and VS Technology (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2021, Enedym Inc., a global leader in the development of next-generation switched reluctance motors (SRMs) and other products, has partnered with Napino Group, one of India's leading automotive electronics suppliers, to develop and manufacture complete motor solutions for two-wheeled electric motors. Indian vehicle.Market players are focusing on partnership, collaborations and new product launch in order to increase their offerings in the switched reluctance motors market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Switched Reluctance Motors Market Dynamics:
Attributes | Details |
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Growth Drivers | - Switched Reluctance Motors Suitable for High Temperature
- Rising Demand for Automotive and Electrical Appliances
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Influencing Trends | - Emphasizing On Development of High Torque Switched Reluctance Motors
- Increasing Application of Switched Reluctance Motors in High Power Electronic Switches
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Restraints | - Switched Reluctance Motors Are Difficult To Control
- Torque Ripple Effect Associated With Switched Reluctance Motors
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Road Blocks / Challenges | - Reducing Acoustic Noise of Switched Reluctance Motors
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Gaps & Opportunities | - Rising Demand from the Electronics Industry
- Increasing Demand from the Developing Economies
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Switched Reluctance Motors Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Switched Reluctance Motors Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Switched Reluctance Motors players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Switched Reluctance Motors Study Sheds Light on
The Switched Reluctance Motors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Switched Reluctance Motors industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Switched Reluctance Motors industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.