Summary

The global market for Synchronous Reluctance Motor (SynRM) was estimated to be worth US$ 212.61 million in 2024 and is forecast to a readjusted size of US$ 470.65 million by 2031 with a CAGR of 12.16% during the forecast period 2025-2031.

North American market for Synchronous Reluctance Motor (SynRM) was valued at $ 53.14 million in 2024 and will reach $ 109.18 million by 2031, at a CAGR of 10.98% during the forecast period of 2025 through 2031.
Asia-Pacific market for Synchronous Reluctance Motor (SynRM) was valued at $ 83.85 million in 2024 and will reach $ 206.47 million by 2031, at a CAGR of 13.89% during the forecast period of 2025 through 2031.
Europe market for Synchronous Reluctance Motor (SynRM) was valued at $ 71.16 million in 2024 and will reach $ 148.3 million by 2031, at a CAGR of 11.14% during the forecast period of 2025 through 2031.

The global key companies of Synchronous Reluctance Motor (SynRM) include ABB, Danfoss, Siemens, KSB (REEL), Bonfiglioli, Oemer Motori, Nidec Leroy-Somer, Delta Electronics, Changzhou Nanfang Motor, Mark Elektriks and Hezhong Energy, etc. In 2024, the global five largest players hold a share approximately 75.5% in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Synchronous Reluctance Motor (SynRM), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Synchronous Reluctance Motor (SynRM) by region & country, by Type, and by Application.

The Synchronous Reluctance Motor (SynRM) market size, estimations, and forecasts are provided in terms of sales volume (k Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Synchronous Reluctance Motor (SynRM).

Market Segmentation
By Company
ABB
Danfoss
Siemens
KSB (REEL)
Bonfiglioli
Oemer Motori
Nidec Leroy-Somer
Delta Electronics
Changzhou Nanfang Motor
Mark Elektriks
Hezhong Energy

Segment by Type
0-30 KW
30-100 KW
Above 100 KW

Segment by Application
Process Industries
Discrete Industries
Transportation

By Region
North America
United States
Canada
Mexico

Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Rest of Asia-Pacific

Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe

South America
Brazil
Rest of South America

Middle East & Africa

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Synchronous Reluctance Motor (SynRM) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Synchronous Reluctance Motor (SynRM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Synchronous Reluctance Motor (SynRM) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview 1
1.1 Synchronous Reluctance Motor (SynRM) Product Introduction 1
1.2 Global Synchronous Reluctance Motor (SynRM) Market Size Forecast 1
1.2.1 Global Synchronous Reluctance Motor (SynRM) Sales Value (2020-2031) 2
1.2.2 Global Synchronous Reluctance Motor (SynRM) Sales Volume (2020-2031) 3
1.2.3 Global Synchronous Reluctance Motor (SynRM) Sales Price (2020-2031) 5
1.3 Synchronous Reluctance Motor (SynRM) Market Trends & Drivers 5
1.3.1 Synchronous Reluctance Motor (SynRM) Industry Trends 5
1.3.2 Synchronous Reluctance Motor (SynRM) Market Drivers & Opportunity 6
1.3.3 Synchronous Reluctance Motor (SynRM) Market Challenges 7
1.4 Assumptions and Limitations 7
1.5 Study Objectives 8
1.6 Years Considered 9
2 Competitive Analysis by Company 10
2.1 Global Synchronous Reluctance Motor (SynRM) Players Revenue Ranking (2024) 10
2.2 Global Synchronous Reluctance Motor (SynRM) Revenue by Company (2020-2025) 11
2.3 Global Synchronous Reluctance Motor (SynRM) Players Sales Volume Ranking (2024) 12
2.4 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Company Players (2020-2025) 13
2.5 Global Synchronous Reluctance Motor (SynRM) Average Price by Company (2020-2025) 15
2.6 Key Manufacturers Synchronous Reluctance Motor (SynRM) Manufacturing Base and Headquarters 16
2.7 Synchronous Reluctance Motor (SynRM) Market Competitive Analysis 16
2.7.1 Synchronous Reluctance Motor (SynRM) Market Concentration Rate (2020-2025) 16
2.7.2 Global 5 and 10 Largest Manufacturers by Synchronous Reluctance Motor (SynRM) Revenue in 2024 18
2.7.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Synchronous Reluctance Motor (SynRM) as of 2024) 19
2.8 Mergers & Acquisitions, Expansion 21
3 Segmentation by Type 22
3.1 Introduction by Type 22
3.1.1 0-30 KW 22
3.1.2 30-100 KW 22
3.1.3 Above 100 KW 23
3.2 Global Synchronous Reluctance Motor (SynRM) Sales Value by Type 24
3.2.1 Global Synchronous Reluctance Motor (SynRM) Sales Value by Type (2020 VS 2024 VS 2031) 24
3.2.2 Global Synchronous Reluctance Motor (SynRM) Sales Value, by Type (2020-2031) 26
3.2.3 Global Synchronous Reluctance Motor (SynRM) Sales Value, by Type (%) (2020-2031) 27
3.3 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Type 28
3.3.1 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Type (2020 VS 2024 VS 2031) 28
3.3.2 Global Synchronous Reluctance Motor (SynRM) Sales Volume, by Type (2020-2031) 30
3.3.3 Global Synchronous Reluctance Motor (SynRM) Sales Volume, by Type (%) (2020-2031) 30
3.4 Global Synchronous Reluctance Motor (SynRM) Average Price by Type (2020-2031) 31
4 Segmentation by Application 33
4.1 Introduction by Application 33
4.1.1 Process Industries 33
4.1.2 Discrete Industries 33
4.1.3 Transportation 34
4.2 Global Synchronous Reluctance Motor (SynRM) Sales Value by Application 35
4.2.1 Global Synchronous Reluctance Motor (SynRM) Sales Value by Application (2020 VS 2024 VS 2031) 35
4.2.2 Global Synchronous Reluctance Motor (SynRM) Sales Value, by Application (2020-2031) 37
4.2.3 Global Synchronous Reluctance Motor (SynRM) Sales Value, by Application (%) (2020-2031) 37
4.3 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Application 38
4.3.1 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Application (2020 VS 2024 VS 2031) 38
4.3.2 Global Synchronous Reluctance Motor (SynRM) Sales Volume, by Application (2020-2031) 40
4.3.3 Global Synchronous Reluctance Motor (SynRM) Sales Volume, by Application (%) (2020-2031) 40
4.4 Global Synchronous Reluctance Motor (SynRM) Average Price by Application (2020-2031) 41
5 Segmentation by Region 43
5.1 Global Synchronous Reluctance Motor (SynRM) Sales Value by Region 43
5.1.1 Global Synchronous Reluctance Motor (SynRM) Sales Value by Region: 2020 VS 2024 VS 2031 43
5.1.2 Global Synchronous Reluctance Motor (SynRM) Sales Value by Region (2020-2025) 44
5.1.3 Global Synchronous Reluctance Motor (SynRM) Sales Value by Region (2026-2031) 44
5.1.4 Global Synchronous Reluctance Motor (SynRM) Sales Value by Region (%), (2020-2031) 45
5.2 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Region 46
5.2.1 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Region: 2020 VS 2024 VS 2031 46
5.2.2 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Region (2020-2025) 46
5.2.3 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Region (2026-2031) 47
5.2.4 Global Synchronous Reluctance Motor (SynRM) Sales Volume by Region (%), (2020-2031) 47
5.3 Global Synchronous Reluctance Motor (SynRM) Average Price by Region (2020-2031) 48
5.4 North America 50
5.4.1 North America Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 50
5.4.2 North America Synchronous Reluctance Motor (SynRM) Sales Value by Country (%), 2024 VS 2031 51
5.5 Europe 52
5.5.1 Europe Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 52
5.5.2 Europe Synchronous Reluctance Motor (SynRM) Sales Value by Country (%), 2024 VS 2031 53
5.6 Asia Pacific 54
5.6.1 Asia Pacific Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 54
5.6.2 Asia Pacific Synchronous Reluctance Motor (SynRM) Sales Value by Region (%), 2024 VS 2031 55
5.7 South America 56
5.7.1 South America Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 56
5.7.2 South America Synchronous Reluctance Motor (SynRM) Sales Value by Country (%), 2024 VS 2031 57
5.8 Middle East & Africa 58
5.8.1 Middle East & Africa Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 58
5.8.2 Middle East & Africa Synchronous Reluctance Motor (SynRM) Sales Value by Country (%), 2024 VS 2031 59
6 Segmentation by Key Countries/Regions 60
6.1 Key Countries/Regions Synchronous Reluctance Motor (SynRM) Sales Value Growth Trends, 2020 VS 2024 VS 2031 60
6.2 Key Countries/Regions Synchronous Reluctance Motor (SynRM) Sales Value and Sales Volume 61
6.2.1 Key Countries/Regions Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 61
6.2.2 Key Countries/Regions Synchronous Reluctance Motor (SynRM) Sales Volume, 2020-2031 64
6.3 United States 66
6.3.1 United States Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 66
6.3.2 United States Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 67
6.3.3 United States Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 68
6.4 Europe 69
6.4.1 Europe Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 69
6.4.2 Europe Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 70
6.4.3 Europe Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 71
6.5 China 72
6.5.1 China Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 72
6.5.2 China Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 73
6.5.3 China Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 74
6.6 Japan 75
6.6.1 Japan Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 75
6.6.2 Japan Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 76
6.6.3 Japan Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 77
6.7 South Korea 78
6.7.1 South Korea Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 78
6.7.2 South Korea Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 79
6.7.3 South Korea Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 80
6.8 Southeast Asia 81
6.8.1 Southeast Asia Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 81
6.8.2 Southeast Asia Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 82
6.8.3 Southeast Asia Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 83
6.9 India 84
6.9.1 India Synchronous Reluctance Motor (SynRM) Sales Value, 2020-2031 84
6.9.2 India Synchronous Reluctance Motor (SynRM) Sales Value by Type (%), 2024 VS 2031 85
6.9.3 India Synchronous Reluctance Motor (SynRM) Sales Value by Application, 2024 VS 2031 86
7 Company Profiles 87
7.1 ABB 87
7.1.1 ABB Company Information 87
7.1.2 ABB Introduction and Business Overview 88
7.1.3 ABB Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 88
7.1.4 ABB Synchronous Reluctance Motor (SynRM) Product Offerings 89
7.1.5 ABB Recent Development 90
7.2 Danfoss 90
7.2.1 Danfoss Company Information 90
7.2.2 Danfoss Introduction and Business Overview 91
7.2.3 Danfoss Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 91
7.2.4 Danfoss Synchronous Reluctance Motor (SynRM) Product Offerings 92
7.2.5 Danfoss Recent Development 92
7.3 Siemens 93
7.3.1 Siemens Company Information 93
7.3.2 Siemens Introduction and Business Overview 94
7.3.3 Siemens Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 94
7.3.4 Siemens Synchronous Reluctance Motor (SynRM) Product Offerings 94
7.3.5 Siemens Recent Development 95
7.4 KSB (REEL) 95
7.4.1 KSB (REEL) Company Information 96
7.4.2 KSB (REEL) Introduction and Business Overview 96
7.4.3 KSB (REEL) Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 97
7.4.4 KSB (REEL) Synchronous Reluctance Motor (SynRM) Product Offerings 97
7.4.5 KSB (REEL) Recent Development 98
7.5 Bonfiglioli 98
7.5.1 Bonfiglioli Company Information 99
7.5.2 Bonfiglioli Introduction and Business Overview 99
7.5.3 Bonfiglioli Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 100
7.5.4 Bonfiglioli Synchronous Reluctance Motor (SynRM) Product Offerings 100
7.5.5 Bonfiglioli Recent Development 101
7.6 Oemer Motors 101
7.6.1 Oemer Motors Company Information 101
7.6.2 Oemer Motors Introduction and Business Overview 102
7.6.3 Oemer Motors Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 102
7.6.4 Oemer Motors Synchronous Reluctance Motor (SynRM) Product Offerings 102
7.7 Nidec Leroy-Somer 103
7.7.1 Nidec Leroy-Somer Company Information 103
7.7.2 Nidec Leroy-Somer Introduction and Business Overview 104
7.7.3 Nidec Leroy-Somer Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 105
7.7.4 Nidec Leroy-Somer Synchronous Reluctance Motor (SynRM) Product Offerings 105
7.7.5 Nidec Leroy-Somer Recent Development 106
7.8 Delta Electronics 106
7.8.1 Delta Electronics Company Information 107
7.8.2 Delta Electronics Introduction and Business Overview 107
7.8.3 Delta Electronics Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 108
7.8.4 Delta Electronics Synchronous Reluctance Motor (SynRM) Product Offerings 108
7.8.5 Delta Electronics Recent Development 109
7.9 Changzhou Nanfang Motor 109
7.9.1 Changzhou Nanfang Motor Company Information 109
7.9.2 Changzhou Nanfang Motor Introduction and Business Overview 110
7.9.3 Changzhou Nanfang Motor Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 110
7.9.4 Changzhou Nanfang Motor Synchronous Reluctance Motor (SynRM) Product Offerings 111
7.9.5 Changzhou Nanfang Motor Recent Development 111
7.10 Mark Elektriks 112
7.10.1 Mark Elektriks Company Information 112
7.10.2 Mark Elektriks Introduction and Business Overview 112
7.10.3 Mark Elektriks Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 113
7.10.4 Mark Elektriks Synchronous Reluctance Motor (SynRM) Product Offerings 113
7.11 Hezhong Energy 114
7.11.1 Hezhong Energy Company Information 114
7.11.2 Hezhong Energy Introduction and Business Overview 115
7.11.3 Hezhong Energy Synchronous Reluctance Motor (SynRM) Sales, Revenue, Price and Gross Margin (2020-2025) 115
7.11.4 Hezhong Energy Synchronous Reluctance Motor (SynRM) Product Offerings 116
8 Industry Chain Analysis 117
8.1 Synchronous Reluctance Motor (SynRM) Industrial Chain 117
8.2 Synchronous Reluctance Motor (SynRM) Upstream Analysis 117
8.2.1 Key Raw Materials 117
8.2.2 Raw Materials Key Suppliers 118
8.2.3 Manufacturing Cost Structure 119
8.3 Midstream Analysis 119
8.4 Downstream Analysis (Customers Analysis) 120
8.5 Sales Model and Sales Channels 120
8.5.1 Synchronous Reluctance Motor (SynRM) Sales Model 120
8.5.2 Sales Channel 120
8.5.3 Synchronous Reluctance Motor (SynRM) Distributors 121
9 Research Findings and Conclusion 122
10 Appendix 124
10.1 Research Methodology 124
10.1.1 Methodology/Research Approach 124
10.1.2 Data Source 127
10.2 Author Details 130
10.3 Disclaimer 131