Last Updated: 27-07-2025 | Format: PDF | Report ID:12382 | Author: Alice
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $3,700 Million |
| What is the market CAGR from 2025 to 2035? | 6.9% |
| Which region dominates the market? | Asia-Pacific (53%) |
| Which product/service type dominates the market? | Three Phase (52%) |
| Which application leads the market? | Automotive (41%) |
| Who are the major buyers? | Automotive OEMs (45%), Industrial Integrators (33%) |
| What are the key market growth drivers? | Rising demand for energy-efficient and cost-effective electric motors; Expanding adoption of electric vehicles (EVs) and e-mobility solutions is creating significant demand for SRMs due to their lower cost and simple design |
| What are the major market challenges? | High noise and vibration levels; Limited awareness and technical expertise about SRMs among end-users |
| What is the forecast period? | 2026–2035 |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| Who are the key market players? |
| Nidec Corporation, Regal Rexnord Corporation, AMETEK Inc., ABB Ltd., Emerson Electric Co., Siemens AG, Rockwell Automation Inc., Franklin Electric Co. Inc., Hitachi Ltd., Toshiba Corporation, TECO Electric & Machinery Co. Ltd., WEG S.A., Johnson Electric Holdings Limited, Shandong Kehui Power Automation Co. Ltd., Switched Reluctance Drives Ltd. (SR Drives) |
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