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Synchronous Motors Market Worth 21.49 Billion USD by 2021


News provided by

MarketsandMarkets

21 Jul, 2016, 16:30 GMT

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PUNE, India, July 21, 2016 /PRNewswire/ --

The report "Synchronous Motors Market by Mount Type (Horizontal and Vertical), Voltage (LV and MV), End User (Oil & Gas, Chemicals & Petrochemicals, Metals, Mining, Pulp and Paper), Application, and by Region - Global Trends & Forecasts to 2021", published by MarketsandMarkets the market is expected to grow from an estimated USD 17.83 Billion in 2016 to USD 21.49 Billion by 2021, at a CAGR of 3.8%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 84 market data Tables and 54 Figures spread through 173 Pages and in-depth TOC on "Synchronous Motors Market"

http://www.marketsandmarkets.com/Market-Reports/permanent-magnet-synchronous-motor-market-388719.html

Early buyers will receive 10% customization on this report. 

High efficiency, power factor correction capabilities, and stringent regulations are driving the Synchronous Motors Market across the globe.

Horizontal mount synchronous motors accounted for the largest share of the market in 2015 

Among different types of mounting, i.e., vertical and horizontal, horizontal mount synchronous motors accounted for the largest market share in 2015. Horizontal mounted motors are used in the chemical, printing and packaging, and construction industries, among others. These industries are growing rapidly in the developing economies of India, China, and Indonesia which has made the Asia-Pacific the largest market for horizontal mounted synchronous motors.

Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=388719

Oil & gas and chemicals end-user segment are responsible for the global demand for synchronous motors 

The extraction of oil & gas from deep-water requires differential pressure equipment. These pressure requirements are easily met by highly efficient synchronous motors. With recovery in oil prices and increase in projected demand for oil & gas, oil companies are refocusing on deep-water exploration and production activities. As a result, oil & gas exploration and production focus has shifted from mature onshore fields to offshore oilfields. Chemicals and petrochemicals is another segment contributing to the demand for synchronous motors. In this segment, synchronous motors are used to transport liquid in pressure vessels, pressurizing tanks, for spot cooling, and moulding plastics.

The Asia-Pacific is the dominant market for synchronous motors 

In this report, the Synchronous Motors Market has been analyzed with respect to six regions, namely, North America, South America, Europe, Asia-Pacific, Middle East, and Africa. The Asia-Pacific is expected to dominate the global Synchronous Motors Market owing to growth in manufacturing industries and increasing awareness about energy efficiency in the region.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Synchronous Motors Market, namely, ABB Limited (Switzerland), Nidec Corporation (Japan), , Rockwell Corporation (U.S.), Siemens AG (Germany), General Electric (U.S.), WEG S.A. (Brazil), , Toshiba Corporation (Japan), Johnson Electric Holding Ltd. (Hong Kong), Emerson Electric (U.S.), among others. Dominant players are trying to penetrate developing economies and adopting various methods to increase their market share.

Browse Related Reports: 

Intelligent Motor Controller Market by Voltage (Low & Medium), by Motor Type, by End User (Oil & Gas, Power & Water, Food, Mining, Chemicals, & Pharmaceutical), by Application (Pump, Fan & Compressor), & by Region - Global Trends & Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/intelligent-motor-controller-market-130751591.html

Gear Motors Market by Product (Gearbox & Gear Motor), by Gear Type (Helical, Planetary, Helical-Bevel, Worm, & Others), by Rated Power, by Torque (Up to 10,000 Nm, Above 10,000 Nm), by Industry & by Region - Global Trends & Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/gear-motor-market-37526037.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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