Synchronous Motor Market Size, Share, and Growth Analysis, By Type (DC Excited Synchronous Motors, Permanent Magnet Synchronous Motors), By Voltage (Low Voltage, Medium Voltage), By Application, By End-user, By Region - Industry Forecast 2026-2033

Global Synchronous Motor Market size was valued at USD 25.63 Billion in 2024 and is poised to grow from USD 26.81 Billion in 2025 to USD 38.41 Billion by 2033, growing at a CAGR of 4.6% during the forecast period (2026-2033).

The global synchronous motor market is witnessing significant growth driven by the escalating demand for electric vehicles, increasing industrial automation investments, and stringent energy-efficiency regulations. This surge is complemented by the rising integration of synchronous motors in renewable energy systems, particularly for enhancing grid stability in wind and hydropower applications. Industries are increasingly seeking high-efficiency motors that are compact and energy-saving, promoting precision and reliability in automation. However, the market faces challenges, such as high initial installation costs and the need for stable power quality, which can deter smaller enterprises despite the long-term efficiency benefits. As demand for clean energy and advanced manufacturing continues to rise, the reliance on synchronous motors will become more pronounced in various sectors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Synchronous Motor market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Synchronous Motor Market Segments Analysis

Global Synchronous Motor Market is segmented by Type, Voltage, Application, End-user and region. Based on Type, the market is segmented into DC Excited Synchronous Motors, Permanent Magnet Synchronous Motors, Hysteresis Synchronous Motors and Reluctance Synchronous Motors. Based on Voltage, the market is segmented into Low Voltage, Medium Voltage and High Voltage. Based on Application, the market is segmented into Pumps, Compressors, Fans, Conveyors and Others. Based on End-user, the market is segmented into Oil & Gas, Chemicals, Mining, Power Generation, Water & Wastewater, HVAC and Industrial Manufacturing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Synchronous Motor Market

The global synchronous motor market is experiencing significant growth driven by the rising production of electric vehicles. Synchronous motors, especially permanent magnet synchronous motors (PMSMs), are favored for their exceptional efficiency, lightweight construction, and accurate torque control, making them perfectly suited for electric vehicles. As the demand for cleaner transportation options grows, automotive manufacturers are increasingly integrating synchronous motors into their designs to enhance vehicle performance and improve energy efficiency. This shift towards sustainable mobility solutions is fostering innovation and investment in the synchronous motor sector, further accelerating its expansion in the global market.

Restraints in the Global Synchronous Motor Market

The Global Synchronous Motor market faces significant constraints due to the higher upfront costs associated with these motors compared to conventional alternatives. This elevated initial investment is attributed to the sophisticated design, specialized components, and intricate installation processes required for synchronous motors. Such financial barriers can deter small and medium-sized enterprises from adopting this technology, despite the potential for long-term energy savings. In circumstances where budgets are a concern, industries often lean towards more affordable options with quicker payback periods, further limiting the growth potential of synchronous motor adoption across various sectors.

Market Trends of the Global Synchronous Motor Market

The Global Synchronous Motor market is increasingly shaped by the integration of advanced technologies such as IoT and smart grids. This convergence facilitates real-time monitoring, predictive maintenance, and load optimization, essential for enhancing operational efficiency in various industries. As demand for smart manufacturing grows, industries such as power generation, water treatment, and processing are prioritizing advanced motor systems that offer improved automation and visibility. This trend underscores a broader movement towards effective energy utilization and innovative operational strategies, ultimately driving the adoption of synchronous motors as key components in the transition to more connected and efficient industrial environments.