Global Switched Reluctance Motors Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type ;

Single Phase, Double Phase, Triple Phase, and Multi-Phase.

By Type;

4/2 2-Phase Switched Reluctance Motor, and 6/3 3-Phase Switched Reluctance Motor.

By Application;

Electromechanical Brake System, Fuel Pump, Electric Power Steering, Hybrid/ Electric Vehicles, Vacuum Blowers, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn674375763 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Switched Reluctance Motors Market (USD Million), 2021 - 2031

In the year 2024, the Global Switched Reluctance Motors Market was valued at USD 606.71 million. The size of this market is expected to increase to USD 942.15 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

The Global Switched Reluctance Motors (SRM) Market has been witnessing significant growth in recent years, primarily driven by the increasing demand for energy-efficient and cost-effective solutions across various industries. Switched Reluctance Motors are known for their simple design, robustness, and efficiency, making them ideal for applications in industrial machinery, automotive, consumer electronics, and renewable energy systems. As industries continue to prioritize sustainability and energy conservation, the demand for SRMs is expected to grow substantially, especially with advancements in technology that enhance their performance and reliability.

The key driving factors behind the market's growth include the rise in electric vehicle (EV) adoption, the expansion of renewable energy infrastructure, and the growing need for automation and robotics. SRMs are increasingly being integrated into electric vehicles due to their high torque density and efficiency at low speeds, which makes them suitable for various EV applications. Additionally, the demand for reliable and high-performance motors in industrial automation and robotics has also contributed to the growth of the SRM market. As more industries adopt automation to improve productivity, the need for advanced motor technologies like SRMs will continue to rise.

Furthermore, geographical regions such as North America, Europe, and Asia-Pacific are seeing significant investments in SRM technologies, with companies focusing on innovation and product development to stay competitive in the market. Key players in the SRM market are engaged in strategic collaborations, mergers, and acquisitions to expand their product portfolios and increase market share. The increasing research and development activities related to SRMs are likely to pave the way for more advanced and efficient motor solutions, creating new growth opportunities. With rising environmental concerns and the need for energy-efficient systems, the Global Switched Reluctance Motors Market is poised for continued expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Switched Reluctance Motors Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for energy-efficient solutions
        2. Advancements in automation and electric vehicles
        3. Increased focus on renewable energy integration
      2. Restraints
        1. High initial investment costs
        2. Limited awareness and expertise
        3. Competing technologies (e.g., permanent magnet motors)
      3. Opportunities
        1. Expanding industrial applications
        2. Technological innovations in motor design
        3. Increasing demand for electric vehicles and robotics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Switched Reluctance Motors Market, By Product Type , 2021 - 2031 (USD Million)
      1. Single Phase
      2. Double Phase
      3. Triple Phase
      4. Multi-Phase
    2. Global Switched Reluctance Motors Market, By Type , 2021 - 2031 (USD Million)
      1. 4/2 2-Phase Switched Reluctance Motor
      2. 6/3 3-Phase Switched Reluctance Motor
    3. Global Switched Reluctance Motors Market, By Application, 2021 - 2031 (USD Million)
      1. Electromechanical Brake System
      2. Fuel Pump
      3. Electric Power Steering
      4. Hybrid/ Electric Vehicles
      5. Vacuum Blowers
      6. Others
    4. Global Switched Reluctance Motors Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Infineon Technologies AG
      2. Nidec SR Drives Ltd.
      3. E. KRETZSCHMAR
      4. Domel, d.o.o.
      5. MACCON
      6. Renesas Electronics Corporation
      7. Ramco Electric Motors
      8. Regal Beloit Corporation
      9. Turnide
      10. Advanced Electric Machines (AEM)
  7. Analyst Views
  8. Future Outlook of the Market