Global Synchronous Motor Market Share

Statistics for the 2023 & 2024 Global Synchronous Motor market share, created by Mordor Intelligence™ Industry Reports. Global Synchronous Motor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Global Synchronous Motor Industry

The global synchronous motor market is witnessing a rise in competitiveness among companies. The market consists of various major players, such as ABB Ltd., Johnson Electric, and Siemens AG. In terms of market share, these significant players currently dominate the market. However, with increasing technology innovations, many companies are increasing their market presence by securing new contracts and tapping new markets.

  • April 2021 - Yamaha Motor has developed a new electric Hyper-EV electric motor with a maximum power output of 469 BHP. The electric motor comes from an oil-cooled 800 volt Interior Permanent Magnet Synchronous Motor.

Synchronous Motor Market Leaders

  1. Johnson Electric

  2. Kirloskar Electric Co. Ltd.

  3. ABB Limited

  4. Franklin Electric Co.Inc.

  5. SEVA-tec GmbH

*Disclaimer: Major Players sorted in no particular order

 ABB Ltd., Johnson Electric, and Siemens AG

Synchronous Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)