Synchronous Motor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Global Synchronous Motor Market Size is Segmented by Rotor Construction (DC-Excited, Permanent Magnet, Reluctance, and More), Power Rating (≤1 MW, 1 – 10 MW, and >10 MW), End-User Industry (Oil and Gas, Chemical and Petrochemical, Power Generation, and More), Application (Pumps, Compressors, Fans and Blowers, and More), and by Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Synchronous Motor Market Size and Share

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Global Synchronous Motor Market Analysis by Mordor Intelligence

The synchronous motor market size stands at USD 24.87 billion in 2025 and is forecast to reach USD 31.03 billion by 2030, reflecting a 4.53% CAGR over the period. Policymakers in the European Union, the United States, and several Asia-Pacific economies have aligned efficiency rules to IE3 for most power classes, effectively giving synchronous motors a structural advantage over induction alternatives.[1] International Electrotechnical Commission, “Electric Motors,” iec.ch Tier-one OEMs are accelerating rare-earth-free designs to shield their supply chains from price spikes, while utilities are specifying large-frame synchronous condensers for grid-stability services that cannot be met by power electronics alone. Vendors therefore compete on efficiency leadership and magnet-independent technologies rather than pure price, shifting value creation toward advanced materials, control software, and integrated drive packages. Growth prospects remain balanced: raw-material cost volatility and high up-front pricing weigh on adoption in cost-sensitive economies, yet the economic logic of lifecycle savings and tightening regulations sustains overall demand.

Key Report Takeaways

  • By rotor construction, permanent-magnet units led with 54.8% of synchronous motor market share in 2024, while synchronous reluctance motors are projected to expand at a 6.2% CAGR to 2030.
  • By power rating, the 1-10 MW band held 42% share of the synchronous motor market size in 2024; the >10 MW segment shows the highest forecast growth at 6.6% CAGR.
  • By end-user industry, power generation captured 26.3% revenue share in 2024, whereas water & wastewater treatment is advancing fastest at a 7.9% CAGR through 2030.
  • By application, pumps commanded 29.7% of the synchronous motor market size in 2024 and traction systems are rising at a 7.4% CAGR.
  • By geography, Asia-Pacific accounted for 46.1% of synchronous motor market share in 2024, with the region tracking a 5.5% CAGR to 2030.

Segment Analysis

By Rotor Construction: Rare-Earth Independence Drives Technology Shift

Permanent-magnet models nonetheless hold 54.8% synchronous motor market share in 2024 thanks to entrenched production lines and outstanding torque density. High-speed compressor OEMs retain PM designs to maximize power-to-weight ratios, particularly in aerospace demonstrators. Yet procurement teams are underwriting alternative materials such as samarium-cobalt to derisk NdFeB exposure. Research in New Zealand shows that achieving IE4 across the installed base could shave 444 GWh off national electricity use, giving policymakers a quantitative basis to incentivize magnet-free upgrades. The technology mix is therefore evolving toward a more balanced distribution where magnet-dependent value pools shrink over the decade.

However, Synchronous reluctance designs are set to grow at a highest 6.2% CAGR while permanent-magnet machines maintain the lion’s share in installed bases. OEMs such as ABB have demonstrated IE5 efficiency without magnets, convincing multinational plants like GSK’s Hungarian vaccine site to switch platforms. Rare-earth pricing spikes during 2024-2025 reinforced CFO preference for magnet-free bills of material. The synchronous motor market size for reluctance offerings is therefore projected to widen most rapidly in brownfield retrofits where mechanical envelopes match induction footprints.

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Note: Segment shares of all individual segments available upon report purchase

By Power Rating: Grid-Scale Applications Drive High-Power Growth

In revenue terms, the 1-10 MW band captured 42% of the synchronous motor market size in 2024, driven by continuous-duty compressors, pumps, and blowers in heavy-process industries. Yet the >10 MW category, buoyed by pumped-storage and LNG megaprojects, is forecast to post the fastest 6.6% CAGR. For instance, Baker Hughes supplies 20-100 MW synchronous machines with 98.7% declared efficiency to major pipeline and liquefaction sites. Higher-rating units carry premium service contracts that lock customers into multi-year parts and monitoring revenues, reinforcing vendor stickiness.

Large-frame innovation also trickles down. ABB’s record 99.13% efficient steel-plant motor equates to USD 6 million savings across 25 years, a marketing case study now echoed in RFPs for medium-voltage drives. Conversely, sub-1 MW classes see modest growth as variable-frequency-driven induction options close the gap on part-load performance. Suppliers respond by bundling synchronous motors with digital twins and cloud analytics, elevating total-solution value even where raw-power demands are moderate.

By End-User Industry: Water Infrastructure Modernization Accelerates Adoption

Synchronous motors remain indispensable in power-generation turbine drives and condensers, thus sustaining the segment’s 26.3% share of 2024 revenue. Oil & gas facilities, where electric motors account for more than 80% of onsite electricity use, are pivoting to high-efficiency variants to hit Scope 1 and 2 targets. Meanwhile, municipal water utilities exhibit the steepest 7.9% CAGR as ageing pump stations retrofit toward Net Zero mandates. Operators often run continuous duty cycles where even 1-2% efficiency gains translate into double-digit reductions in electricity budgets, creating a compelling internal rate of return narrative. 

Chemical and metal producers apply synchronous motors in high-torque mill drives; ABB’s Gearless Mill Drive claims a 3.6% efficiency edge that leads to both cost and CO₂ savings. Discrete manufacturing and food-processing plants deploy smaller frames integrated into line-automation systems to meet hygiene and traceability standards. Across sectors, sustainability certifications and investor pressure compel maintenance managers to quantify energy impacts, making high-grade synchronous packages easier to justify despite capex premiums.

Synchronous Motor Market
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Note: Segment shares of all individual segments available upon report purchase

By Application: Traction Systems Lead Innovation-Driven Growth

Pumps still dominate in absolute terms with a 29.7% 2024 share, especially in water, oil, and chemicals plants, where variable-speed duty cycles reward high part-load efficiency. Meanwhile, traction and propulsion show the highest 7.4% CAGR as electrified mobility proliferates across road, rail, and nascent e-aviation platforms. Toshiba and Airbus’s 2 MW superconducting concept underscores aerospace ambitions, combining weight savings with cryogenic efficiency levels unsuitable for induction alternatives. Rail OEMs value synchronous motors for regenerative braking benefits that cut overall energy bills. 

Compressor applications rely on synchronous torque characteristics to stabilize pipeline pressures. Fan and blower markets are expanding amid stricter building codes and indoor-air-quality regulations. Nidec’s Neptune pool-pump launch illustrates how even niche consumer segments face regulatory deadlines that favor brushless permanent-magnet designs compliant with upcoming U.S. rules. Altogether, synchronous motors exhibit versatility across duty profiles, cementing their role as general-purpose efficiency enablers rather than specialty hardware.

Geography Analysis

Asia-Pacific retains 46.1% 2024 market share, underpinned by China’s export-oriented factories and India’s “Make in India” initiatives that scale indigenous machinery production. Regional growth at 5.5% CAGR remains vulnerable to rare-earth policy shifts, prompting suppliers such as Nidec to commit USD 55 million for a Karnataka greenfield plant that localizes magnet supply chains. Japan leads R&D in magnet-lean motors, leveraging decades of materials science excellence to hedge against import risk.

Europe enjoys solid but measured growth as the bloc’s IE3 mandate effectively locks in synchronous upgrades for replacement cycles. Germany’s EUR 867 billion (USD 936 billion) machinery complex acts as a demand anchor even during macro soft patches. Grid-stability projects in Spain and the Nordics specify synchronous condensers, channeling regional recovery funds into large-frame procurements. Supply-chain resilience narratives also push OEMs toward SynRM and wound-field designs, a trend reinforced by Brussels’ Critical Raw Materials Act.

North America benefits from reshoring and infrastructure-modernization bills that funnel capex into energy-efficient plant equipment. ABB’s USD 120 million expansion in Georgia enhances domestic availability of low-voltage synchronous motors, addressing buy-American preferences. High-renewables states such as California and Texas are deploying synchronous condensers to offset inertia loss as coal plants retire. Canada’s Hannover Messe 2025 partnership spotlights electric-mobility supply chains, signaling policy alignment north of the border.

Synchronous Motor Market
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Competitive Landscape

Competition centers on efficiency benchmarks and magnet independence. ABB’s 99.13% record raises the bar, forcing rivals to accelerate R&D or risk specification exclusion. WEG answered with its IE6-rated W23 Sync+Ultra, cutting losses by 20% versus IE5 and staking a claim in the ultra-premium tier. Siemens’ EUR 3.5 billion (USD 3.8 billion) Innomotics divestiture to KPS pivots the conglomerate toward software-centric automation while giving the acquired entity capital to focus on motor core competencies.

Technology portfolios now feature dual tracks: permanent-magnet models for peak power density and SynRM or wound-field variants for supply security. Patent filings in reluctance rotor geometry and soft-magnetic composites illustrate the arms race. Service ecosystems—cloud analytics, predictive maintenance, and outcome-based contracts—differentiate offerings where hardware specs converge. Midcaps exploit white spaces in high-temperature processes and aerospace, partnering with research institutes to leapfrog incumbents.

M&A remains an avenue for capability building. ABB’s planned EUR 170 million (USD 184 million) purchase of Gamesa Electric’s converter arm extends its control over the full drivetrain, enabling bundled proposals in the wind and solar sectors. Meanwhile, start-ups leverage venture backing to commercialize cryogenic and superconducting designs aimed at aviation, raising competitive pressure at the frontier of power density.

Global Synchronous Motor Industry Leaders

  1. Johnson Electric

  2. Kirloskar Electric Co. Ltd.

  3. ABB Limited

  4. Franklin Electric Co.Inc.

  5. SEVA-tec GmbH

  6. *Disclaimer: Major Players sorted in no particular order
Global Synchronous Motor Market
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Recent Industry Developments

  • May 2025: ABB achieved a new world record for energy efficiency in large synchronous electric motors, with a motor designed for an Indian steel plant reaching 99.13% efficiency.
  • April 2025: WEG launched the W23 Sync+Ultra, achieving IE6 efficiency with 20% lower losses than the previous IE5 standard. This industrial motor sets new performance benchmarks in the synchronous motor market
  • February 2025: ABB introduced IE5 SynRM motor and drive packages, significantly enhancing energy efficiency across various applications.
  • January 2025: Nidec announced new software for its Neptune variable speed pool motors, enhancing compatibility with major pool control systems and meeting new Department of Energy regulations effective September 2025.

Table of Contents for Global Synchronous Motor Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Stringent IE3/IE4 energy-efficiency mandates
    • 4.2.2 Expansion of HVAC and industrial automation
    • 4.2.3 Surge in EV and traction motor demand
    • 4.2.4 Grid-scale renewable projects (hydro-pumped storage)
    • 4.2.5 Rare-earth-free SynRM adoption momentum
    • 4.2.6 High-speed magnetic bearing micro-turbines
  • 4.3 Market Restraints
    • 4.3.1 High up-front cost of PM rotors
    • 4.3.2 Rare-earth supply volatility
    • 4.3.3 Thermal-management limits at high power density
    • 4.3.4 Induction-VFD efficiency parity pressure
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Rotor Construction
    • 5.1.1 DC-Excited
    • 5.1.2 Permanent Magnet
    • 5.1.3 Reluctance
    • 5.1.4 Hysteresis
  • 5.2 By Power Rating
    • 5.2.1 ≤1 MW
    • 5.2.2 1-10 MW
    • 5.2.3 >10 MW
  • 5.3 By End-user Industry
    • 5.3.1 Oil and Gas
    • 5.3.2 Chemicals and Petrochemicals
    • 5.3.3 Power Generation
    • 5.3.4 Water and Wastewater
    • 5.3.5 Metals and Mining
    • 5.3.6 Food and Beverage
    • 5.3.7 Discrete Manufacturing
    • 5.3.8 HVAC and Refrigeration
  • 5.4 By Application
    • 5.4.1 Pumps
    • 5.4.2 Compressors
    • 5.4.3 Fans and Blowers
    • 5.4.4 Conveyors and Hoists
    • 5.4.5 Traction/Propulsion
    • 5.4.6 Others
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Chile
    • 5.5.2.3 Rest of South America
    • 5.5.3 Europe
    • 5.5.3.1 United Kingdom
    • 5.5.3.2 Germany
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Russia
    • 5.5.3.6 Rest of Europe
    • 5.5.4 APAC
    • 5.5.4.1 China
    • 5.5.4.2 India
    • 5.5.4.3 Japan
    • 5.5.4.4 South Korea
    • 5.5.4.5 Australia and New Zealand
    • 5.5.4.6 Rest of APAC
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 United Arab Emirates
    • 5.5.5.2 Saudi Arabia
    • 5.5.5.3 Turkey
    • 5.5.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 ABB Ltd.
    • 6.4.2 Johnson Electric
    • 6.4.3 Franklin Electric
    • 6.4.4 Kirloskar Electric
    • 6.4.5 SEVA-tec GmbH
    • 6.4.6 Siemens AG
    • 6.4.7 WEG S.A.
    • 6.4.8 General Electric
    • 6.4.9 Toshiba Corporation
    • 6.4.10 Nidec Corporation
    • 6.4.11 Regal Rexnord Corporation
    • 6.4.12 TECO-Westinghouse
    • 6.4.13 Mitsubishi Electric
    • 6.4.14 Schneider Electric
    • 6.4.15 Dunkermotoren GmbH
    • 6.4.16 BEN Buchele Elektromotorenwerke
    • 6.4.17 Leroy-Somer (Nidec)
    • 6.4.18 Hyosung Heavy Industries
    • 6.4.19 CG Power and Industrial Solutions
    • 6.4.20 Hitachi Ltd.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Global Synchronous Motor Market Report Scope

A synchronous motor is an AC electric motor in which the rotation of the shaft is synchronized with the frequency of a supply current. The Global Synchronous Motor Market is segmented by Type ( DC Excited Rotor, Permanent Magnet, Hysteresis Motor, Reluctance Motor), by End-User Industry (Oil and Gas, Chemical and Petrochemical, Power Generation, Waste and Wastewater, Power Generation, Metal and Mining, Food and Beverage, Discrete Industries), and by Geography.

By Rotor Construction DC-Excited
Permanent Magnet
Reluctance
Hysteresis
By Power Rating ≤1 MW
1-10 MW
>10 MW
By End-user Industry Oil and Gas
Chemicals and Petrochemicals
Power Generation
Water and Wastewater
Metals and Mining
Food and Beverage
Discrete Manufacturing
HVAC and Refrigeration
By Application Pumps
Compressors
Fans and Blowers
Conveyors and Hoists
Traction/Propulsion
Others
By Geography North America United States
Canada
Mexico
South America Brazil
Chile
Rest of South America
Europe United Kingdom
Germany
France
Italy
Russia
Rest of Europe
APAC China
India
Japan
South Korea
Australia and New Zealand
Rest of APAC
Middle East and Africa United Arab Emirates
Saudi Arabia
Turkey
Rest of Middle East and Africa
By Rotor Construction
DC-Excited
Permanent Magnet
Reluctance
Hysteresis
By Power Rating
≤1 MW
1-10 MW
>10 MW
By End-user Industry
Oil and Gas
Chemicals and Petrochemicals
Power Generation
Water and Wastewater
Metals and Mining
Food and Beverage
Discrete Manufacturing
HVAC and Refrigeration
By Application
Pumps
Compressors
Fans and Blowers
Conveyors and Hoists
Traction/Propulsion
Others
By Geography
North America United States
Canada
Mexico
South America Brazil
Chile
Rest of South America
Europe United Kingdom
Germany
France
Italy
Russia
Rest of Europe
APAC China
India
Japan
South Korea
Australia and New Zealand
Rest of APAC
Middle East and Africa United Arab Emirates
Saudi Arabia
Turkey
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current size of the synchronous motor market?

The synchronous motor market is valued at USD 24.87 billion in 2025.

How fast is the synchronous motor market expected to grow?

It is forecast to expand at a 4.53% CAGR, reaching USD 31.03 billion by 2030.

Which rotor technology is growing quickest?

Synchronous reluctance motors exhibit the highest growth at a 6.2% CAGR due to rare-earth-free construction.

Why are synchronous motors favored in renewable-energy grids?

They provide inertia and reactive power that stabilize grids with high solar and wind penetration.

What region dominates synchronous motor demand?

Asia-Pacific leads with 46.1% share, propelled by industrial automation in China and India.

How do rare-earth supply risks influence motor selection?

Supply volatility is driving OEMs toward magnet-independent designs such as synchronous reluctance and wound-field machines, reducing exposure to price shocks.

Global Synchronous Motor Market Report Snapshots