PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798270
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1798270
Global Switched Reluctance Motors Market to Reach US$816.6 Million by 2030
The global market for Switched Reluctance Motors estimated at US$653.5 Million in the year 2024, is expected to reach US$816.6 Million by 2030, growing at a CAGR of 3.8% over the analysis period 2024-2030. Below 100 kW Power, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$447.7 Million by the end of the analysis period. Growth in the 100 - 200 kW Power segment is estimated at 4.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$178.1 Million While China is Forecast to Grow at 6.8% CAGR
The Switched Reluctance Motors market in the U.S. is estimated at US$178.1 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$163.3 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 2.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
Global Switched Reluctance Motors Market - Key Trends & Drivers Summarized
What Sets Switched Reluctance Motors Apart in Modern Applications?
Switched reluctance motors (SRMs) are emerging as a high-efficiency alternative to conventional induction and permanent magnet motors, particularly in applications requiring robustness, scalability, and low maintenance. These motors operate on the principle of reluctance torque, eliminating the need for rare-earth magnets-a significant advantage in terms of both cost and supply chain stability. As industries pursue electrification and energy efficiency, SRMs are gaining ground in automotive, industrial, HVAC, and household appliance applications.
One of their most compelling advantages is ruggedness. With a simple rotor structure and no windings or permanent magnets, SRMs are highly tolerant of harsh environments and can function reliably under high temperatures and variable load conditions. Their ability to maintain performance in the face of vibration, dust, or corrosive exposure makes them particularly appealing for electric vehicles (EVs), pumps, fans, and military-grade equipment where reliability is non-negotiable.
How Are Design and Control Innovations Powering SRM Performance?
Technological developments in motor design, advanced controllers, and digital simulation tools are unlocking the full potential of SRMs. Modern controllers use sophisticated algorithms to smooth torque ripple, which was historically a limitation in SRM performance. This enhancement is critical in applications such as EV drivetrains, where smooth torque delivery and noise reduction are paramount.
Computer-aided electromagnetic design and real-time feedback loops have made it possible to optimize motor behavior dynamically based on load conditions. Sensorless control and integrated drive systems are also gaining popularity, minimizing cost and complexity. Thermal management innovations and better lamination materials are enabling SRMs to run cooler and more efficiently, making them suitable for high-speed or continuous-duty applications.
What Industry Trends Are Fueling SRM Adoption?
The electrification of mobility-across cars, buses, trains, and even aircraft-is one of the most powerful trends driving SRM adoption. These motors offer high power density and robust performance without relying on critical rare-earth materials, which face price volatility and geopolitical risks. Environmental and regulatory pressures to reduce emissions are prompting automotive OEMs to diversify motor types, with SRMs offering an attractive blend of cost, performance, and sustainability.
Industrial automation is another sector pushing SRM adoption. As factories move toward Industry 4.0 standards, motor reliability, efficiency, and predictive maintenance become critical. SRMs, with their fault-tolerant structure and minimal maintenance needs, fit naturally into this paradigm. Additionally, rising electricity costs and decarbonization mandates in sectors like HVAC, water treatment, and manufacturing are encouraging the use of motors with higher operational efficiency across variable loads.
What’s Driving the Expansion of the Switched Reluctance Motors Market?
The growth in the switched reluctance motors market is driven by several strategic and technical factors, including the rising global demand for rare-earth-free motor solutions, advances in motor control technology, and the acceleration of electric vehicle production. Increasing concerns over critical material supply chains-especially rare-earth elements-are motivating OEMs to adopt magnet-free motor technologies like SRMs.
Government incentives for EV adoption, paired with growing industrial demand for efficient motion control solutions, are expanding the market’s scope. SRMs are also being favored in sectors that value ruggedness and longevity, such as oil & gas, mining, and military applications. As energy efficiency regulations tighten worldwide, SRMs offer a compelling path forward with their low energy loss, adaptability to digital control, and scalable architecture. With sustained R&D investment and increasing awareness of their advantages, SRMs are poised for widespread industrial and commercial adoption.
SCOPE OF STUDY:
The report analyzes the Switched Reluctance Motors market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Operating Power (Below 100 kW Power, 100 - 200 kW Power, Above 200 kW Power); Application (Fuel Pump Application, Machinery Application, Hybrid / Electric Vehicle Application, Home & Building Application, Other Applications); End-User (Automotive End-User, Industrial End-User, Other End-Users)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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