Switched Reluctance Motor Market to Surpass Valuation of US$ 934.7 Mn by 2031: Transparency Market Research

Switched Reluctance Motor Market: Introduction

Transparency Market Research delivers key insights on the global switched reluctance motor market. In terms of revenue, the global switched reluctance motor market is expected to expand at a CAGR of 6.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global switched reluctance motor market.

The global switched reluctance motor market is broadly affected by several factors, including increase in adoption of electric vehicles due to rise in global warming. Thus, surge in use of switched reluctance motor for manufacturing e-vehicles is propelling the global switched reluctance motor market.

Switched Reluctance Motor Market: Dynamics

Switched reluctance motors (SRM) is a category of variable reluctance motors, which are robust and simple in construction. The rotor of the SRM is made of laminated steel with no windings or permanent magnets on it. This lowers the inertia of the rotor, which helps achieve higher acceleration.

The robust nature of SRM makes is suitable for use in high-speed applications. An SRM also offers high power density, which is among the required characteristics of electric vehicles. Since the heat generated is mostly confined to the stator, it is easier to cool the motor.

Low starting current, quick acceleration, and extremely efficient direct drive associated with the switched reluctance motor make it ideal for electric vehicles, as it minimizes the load on the battery and extends the driving range from a single battery charge.

Thus, Electric Vehicles (EV) and Hybrid Electric Vehicles (HEV) are anticipated to offer lucrative opportunities to the switched reluctance motor market in the near future.

Switched Reluctance Motor Market: Prominent Regions

North America is expected to account for a prominent share of the global switched reluctance motor market during the forecast period, owing to the presence of key market players, technological advancements, and increased focus on clean energy in the region. The switched reluctance motor market in Europe is projected to expand at a rapid pace during the forecast period. The switched reluctance motor market in Europe is likely to expand at a notable CAGR of 6.7% during the forecast period, owing to the presence of a significant number of players manufacturing switched reluctance motors in the region.

Switched Reluctance Motor Market: Key Players

Key players operating in the global switched reluctance motor market are 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, and Enedym.

Global Switched Reluctance Motor Market: Segmentation

Switched Reluctance Motor Market, by Product Type

  • 1 Phase
  • 2 Phase
  • 3 Phase
  • 4 Phase

Switched Reluctance Motor Market, by Operating Power

  • Less than 100KW
  • 100-200KW
  • Above 200KW

Switched Reluctance Motor Market, by Application

  • Electromechanical Brake System
  • Fuel Pump
  • Machineries
  • Hybrid/Electric Vehicle
  • Home and Building
  • Others (Vacuum Blowers, Washing Machine, etc.)

Switched Reluctance Motor Market, by End-use Industry

  • Automotive
  • Industrial
  • Others (Oil & Gas, Building & Construction, etc.)

Switched Reluctance Motor Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

7 of 10 large enterprizes view our Report to take the right decision.

View Report