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Synchronous Motors Market by Mount Type, Voltage, End User, Application, and by Region - Global Trends & Forecasts to 2021

Synchronous Motors Market: Forecasts until 2021

  • July 2016
  • 161 pages
  • ID: 4010938
In this report:
According to our research study, the current market size of the global synchronous motors market is expected to be in the range of USD ## -USD ## billion, growing at a CAGR% of ##%-## %.
Argentina's energy consumption increased by about ##.##% to ##.## quadrillion British Thermal Units (Btu) in 2010 from 2009, while annual energy production decreased for the fourth consecutive year to ##.## quadrillion Btu.


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"Synchronous motors market to grow at a compound annual growth rate (CAGR) of 3.8% during the forecast horizon"

The overall synchronous motors market is forecasted to reach a size of ~$21.5B by 2021, at a compound annual growth rate of 3.80 percent from 2016 to 2021. Growing electricity prices, together with expanded demand for electricity and energy, is currently driving the market demand for synchronous motors. On top of, power factor correction capabilities have high potential for reducing energy consumption, and enhanced efficiency of the system offers a huge opportunity for retrofit applications in the manufacturing market. This characteristic enables consumers to save on electricity bills and avoid penalty charges in many parts of the world, like North America and Europe (EU).

"Compressors is forecasted to be the biggest segment, by application, during the outlook period"

Compressor is an important equipment in different critical sectors, particularly in the process markets; this industry segment is anticipated to be the most important by 2021. In most factories and industrial facilities, generation of compressed air amounts for one-fifth of the total electricity bill. Sectors are increasingly focusing on energy awareness and implementation of energy-efficient solutions to minimize their operational costs. Compressors need fixed speed motor applications; in this case, synchronous motors prove to be a better option to accomplish higher efficiencies at a lower cost.

"Asia-Pac: the fastest growing area in the synchronous motors market"

Asia Pacific (APAC) is the biggest as well as quickest increasing area in the overall synchronous motors market. This increase and growing demand for synchronous motors is assigned to the increase in manufacturing activities in countries such India, China (CN), Japan (JP), and Indonesia (ID). Moreover, increasing need for energy efficiency in the territory is also driving the industry demand for synchronous motors. The synchronous motor can drive more power from smaller units, which helps manufactures to achieve greater power densities and lesser space requirements.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants among other experts to obtain & verify critical qualitative and quantitate info as well as assess future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 55.0 percent, Tier 2 - 20.0 percent, and 1/3 3 - 25.0 percent

By Designation: C-Level - 75.0 percent and Others*-25%

By area: North america (NA) - 10.0 percent, Europe - 20.0 percent, Asia-Pacific - 40.0 percent, Rest of the World*-30%

Note:*Others contain product managers, marketing managers, and sales managers

Note:*Rest of the World includes South America region and the Middle East (ME) & African continent

The tier for firms has been defined on the basis of their final revenue, as of 2013: Tier-1 = >USD 5 billion, Tier-2 = $1.0B to $5.0B, and Tier-3 =

Leading actors of this sector have been profiled with their new developments and other strategic activities. These include ABB Limited, Nidec Corporation, Rockwell Corporation, Siemens Aktiengesellschaft, General Electric, WEG S.A., Toshiba Corporation, Johnson Electric Holding Ltd., and Emerson Electric, among others.

Why acquire this industry report?

1. The analysis determines and addresses main markets for synchronous motors, which is useful for manufacturers, providers, and utilities to examine production, distribution, and installation plans.

2. The market research includes review for top countries, by application, including pump, compressor, extruder, conveyer, fans, mixers, and others. It examines historical forecasts and also forecast for 2021, assisting in strategic decision making.

3. It also presents competition by analyzing recent market developments including contracts & strategic agreements, recent product launches, business developments, and mergers & acquisitions from main overall market actors. It helps to understand the competition strategies and plan respective initiatives.

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