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).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.
Global Switched Reluctance Motors Market Recent Developments
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In 2022, the switch reluctance motor (SRM) market saw significant developments, particularly in the automotive industry. SRMs gained attention due to their high efficiency, robust design, and ability to support electric vehicle (EV) systems. This growth was largely driven by the increasing adoption of electric mobility in regions like Asia,Pacific, where countries such as China, Japan, and India have been leading in electric vehicle production
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In 2024, India continued to make strides in the electric vehicle market, with the government approving a new USD 500 million worth of electric vehicle policy to attract global EV manufacturers and position the country as a major hub for EV production. This policy is expected to boost demand for efficient motors, including SRMs, which are increasingly being integrated into EVs due to their energy efficiency and suitability for variable,speed applications
Segment Analysis
The global switched reluctance motors market is categorized into various product types, each addressing specific needs within different industries. The product types include single phase, double phase, triple phase, and multi-phase motors. Single-phase motors are commonly used in applications where lower power requirements and simpler motor control are essential. Double and triple-phase motors provide higher performance and are ideal for more demanding applications. Multi-phase motors are being increasingly adopted in sophisticated systems that require high torque and efficiency. These different motor types cater to a broad range of industries, offering solutions that meet varying power and efficiency needs.
Switched reluctance motors are also classified by their type, with the two main types being the 4/2 2-phase and 6/3 3-phase motors. The 4/2 2-phase switched reluctance motor is often chosen for applications requiring moderate power and efficiency, offering a good balance between performance and complexity. On the other hand, the 6/3 3-phase switched reluctance motor is preferred for more advanced, high-performance applications due to its ability to provide better efficiency and torque. These types of motors are essential in high-demand sectors such as industrial machinery, electric vehicles, and renewable energy systems.
In terms of applications, switched reluctance motors are used across various industries. One of the key sectors is the electromechanical brake system, where these motors provide efficient braking power. They are also employed in fuel pumps, electric power steering systems, and vacuum blowers, where their ability to deliver reliable performance under different operating conditions is valued. Another growing area for switched reluctance motors is the hybrid and electric vehicle market, where they contribute to the efficiency and performance of the vehicle's powertrain. The versatility of these motors makes them suitable for a wide range of applications, particularly in energy-efficient and high-performance systems.
Geographically, the switched reluctance motors market is expanding across several key regions, including North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America and Europe are mature markets, with increasing adoption in electric vehicles and industrial automation. The Asia Pacific region, particularly countries like China and India, is witnessing rapid growth due to the increasing demand for energy-efficient technologies and the growth of electric vehicle infrastructure. Meanwhile, emerging markets in the Middle East, Africa, and Latin America are gradually increasing their uptake of advanced motor technologies, driven by industrialization and the need for sustainable energy solutions.
Global Switched Reluctance Motors Segment Analysis
In this report, the Global Switched Reluctance Motors Market has been segmented by Product Type, Type, Application and Geography.
Global Switched Reluctance Motors Market, Segmentation by Product Type
The Global Switched Reluctance Motors Market has been segmented by Product Type into Single Phase, Double Phase, Triple Phase and Multi-Phase.
The global switched reluctance motors market is categorized into various product types, with each type offering distinct advantages depending on the application. Single-phase switched reluctance motors are primarily used in smaller applications where a simple and cost-effective solution is required. These motors are commonly found in appliances, small machinery, and other low-power applications. They provide efficient performance and are well-suited for environments where space and power requirements are limited.
Double-phase switched reluctance motors are typically used in applications where a higher level of control and performance is needed compared to single-phase motors. These motors are ideal for medium-sized machines and are commonly found in electric vehicles, industrial equipment, and other systems that require moderate power and torque. The double-phase configuration enhances stability and allows for smoother operation, which is crucial in applications with varying load conditions.
Triple-phase and multi-phase switched reluctance motors are designed for more demanding industrial applications that require high power and precision. These motors are often used in large-scale systems such as electric traction, industrial robotics, and high-power machinery. The multi-phase configuration provides greater efficiency, torque, and reliability, making these motors suitable for environments with high operational demands. The added phases allow for better load distribution and improved motor performance, ensuring smoother operation and reduced wear and tear on the system.
Global Switched Reluctance Motors Market, Segmentation by Type
The Global Switched Reluctance Motors Market has been segmented by Type into 4/2 2-Phase Switched Reluctance Motor, and 6/3 3-Phase Switched Reluctance Motor.
The global switched reluctance motors market is divided into two primary types based on their design and structure. The 4/2 2-phase switched reluctance motor is one such category. This motor configuration uses a two-phase system, which provides a simpler and more cost-effective solution for certain applications. It is particularly suitable for low-power applications where simplicity and reduced manufacturing costs are prioritized. The 4/2 configuration refers to the number of poles on the stator and rotor, offering a balance between performance and efficiency in its designated use cases.
On the other hand, the 6/3 3-phase switched reluctance motor is a more complex and advanced type. With a three-phase system, this motor offers better control and efficiency compared to the two-phase design. The 6/3 configuration, which involves more poles on the stator and rotor, helps provide smoother operation and higher torque capabilities. This makes the 6/3 3-phase switched reluctance motor ideal for medium to high-power applications, especially in industries that require precise control and greater efficiency, such as in automotive or industrial machinery.
The segmentation by type in the global switched reluctance motors market is essential for targeting different industrial needs. While the 4/2 2-phase motor serves simpler, lower-power tasks, the 6/3 3-phase motor caters to more demanding applications requiring enhanced performance and reliability. As industries across sectors continue to adopt switched reluctance motors for their durability and cost-effectiveness, understanding these types helps manufacturers and users choose the most appropriate motor for their specific requirements.
Global Switched Reluctance Motors Market, Segmentation by Application
The Global Switched Reluctance Motors Market has been segmented by Application into Electromechanical brake system, Fuel Pump, Electric Power Steering, Hybrid/ Electric Vehicles, Vacuum Blowers and Others.
The Global Switched Reluctance Motors Market is segmented by various applications, allowing for a deeper understanding of its growth across different industries. One of the primary applications of switched reluctance motors is in electromechanical brake systems. These motors are used in braking applications due to their high torque density and reliability. They contribute to improving the overall safety and efficiency of electromechanical braking systems, which are crucial for modern vehicles and industrial machinery.
Another significant application for switched reluctance motors is in fuel pumps. These motors are favored for their robustness and ability to function under variable loads, which is essential for fuel pump operations. Their efficiency ensures that fuel is delivered consistently, supporting the overall performance and fuel economy of vehicles. As the demand for energy-efficient and durable fuel pumps rises, the adoption of switched reluctance motors is also expected to increase.
Switched reluctance motors are also increasingly used in electric power steering systems, which are becoming more common in vehicles worldwide. Their ability to provide high torque at low speeds makes them an ideal choice for steering applications. In hybrid and electric vehicles, these motors play a key role in enhancing the performance and energy efficiency of the vehicle. Additionally, they are used in vacuum blowers for HVAC systems, where their low maintenance requirements and reliable operation contribute to the overall efficiency of air circulation systems in various applications.
Global Switched Reluctance Motors Market, Segmentation by Geography
In this report, the Global Switched Reluctance Motors Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Switched Reluctance Motors Market Share (%), by Geographical Region, 2024
In 2023, North America held the largest share of the switched reluctance motor (SRM) market, driven by the increasing demand for motor designs that are simple yet highly durable and reliable across a range of applications. The regional market is expected to continue expanding, with a steady growth rate projected for the period from 2024 to 2030. This growth is largely fueled by the need for more efficient and robust motor solutions in various industries.
Europe also plays a significant role in the SRM market, with notable growth projected through 2030. The key factor driving this expansion is the rising demand for electric vehicles (EVs) and the increasing manufacturing of EVs across the region. As Europe continues to prioritize sustainability and environmental responsibility, the market for SRMs, especially in automotive applications, is expected to grow in tandem with the shift toward electric mobility.
The Asia-Pacific (APAC) region, however, is anticipated to surpass both North America and Europe in market share during the 2024-2030 period. This growth can be attributed to the rapid industrialization and the increasing demand for electric vehicles and automotive production, particularly in countries like India, China, and Japan. These economies are expected to lead the charge in driving the SRM market, which will play a crucial role in powering a range of new technologies and industries.
Key developments in the SRM market in 2023 include both organic and inorganic growth strategies. A notable innovation comes from a Californian company, which has unveiled a new, high-efficiency switched reluctance motor designed to significantly enhance the performance of refrigeration, HVAC, and pumping applications. This advancement is expected to have a transformative impact on the industry by improving the efficiency and versatility of SRMs in various sectors.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Switched Reluctance Motors Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Growing demand for energy-efficient solutions
- Advancements in automation and electric vehicles
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Increased focus on renewable energy integration- The global switched reluctance motors market is experiencing significant growth due to the increasing emphasis on renewable energy integration. As the world shifts toward cleaner energy sources, the demand for efficient and sustainable technologies in various sectors has soared. Switched reluctance motors (SRMs) are considered highly efficient, robust, and capable of operating in harsh conditions, making them ideal for applications in renewable energy systems, such as wind and solar power generation. Their ability to offer high torque and efficiency at varying speeds makes them a preferred choice for power systems that require adaptability to fluctuating energy demands.
Renewable energy integration often involves the need for efficient conversion of energy from natural sources into usable electricity. The demand for energy storage solutions and power management systems has increased, which is driving the need for advanced motor technologies. SRMs are suitable for energy storage systems, as they are less dependent on rare earth materials compared to traditional motors and offer a more environmentally friendly alternative. Their compact design and high reliability make them suitable for integration into renewable energy infrastructure, ensuring that energy can be efficiently stored and distributed.
The shift toward renewable energy sources is pushing industries to adopt more sustainable and efficient technologies. Switched reluctance motors, with their ability to operate in various renewable energy environments and offer superior energy conversion, are well-positioned to benefit from this global trend. As more governments and corporations commit to reducing their carbon footprint and investing in cleaner energy alternatives, the demand for SRMs is expected to increase. This growing focus on integrating renewable energy into mainstream power grids and transportation systems will continue to drive the market for switched reluctance motors, highlighting their importance in achieving sustainable energy goals.
Restraints:
- High initial investment costs
- Limited awareness and expertise
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Competing technologies (e.g., permanent magnet motors)- The global switched reluctance motors (SRM) market faces significant competition from other motor technologies, such as permanent magnet motors. Permanent magnet motors have become widely used in various applications due to their high efficiency and compact design. These motors utilize magnets that provide a constant magnetic field, leading to better performance and energy efficiency compared to SRMs. The higher efficiency and reduced size of permanent magnet motors make them attractive for industries such as electric vehicles and robotics, where size and power efficiency are crucial factors. This growing preference for permanent magnet motors poses a restraint to the widespread adoption of switched reluctance motors.
Another challenge for SRMs is the higher complexity in their design and control compared to permanent magnet motors. Permanent magnet motors tend to be simpler in terms of their control mechanisms, making them easier to integrate into different applications. SRMs, on the other hand, require complex electronic control systems, which increases their overall cost and limits their adoption, especially in cost-sensitive applications. As industries move towards automation and energy-efficient systems, the simplicity of competing motor technologies often becomes a deciding factor in their choice over SRMs.
While SRMs offer advantages in terms of ruggedness and the ability to operate in harsh conditions, they still face limitations in certain applications. The noise and vibration generated by SRMs can be a significant drawback, especially in environments where quiet operation is a priority. In comparison, permanent magnet motors are generally quieter and more reliable in terms of noise, making them more suitable for applications such as home appliances and consumer electronics. This gives competing technologies an edge, further slowing the penetration of SRMs in the global market.
Opportunities:
- Expanding industrial applications
- Technological innovations in motor design
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Increasing demand for electric vehicles and robotics- The increasing demand for electric vehicles (EVs) is one of the significant opportunities driving growth in the global switched reluctance motors (SRM) market. As automakers pivot toward electric mobility to meet sustainability goals and reduce carbon emissions, the demand for efficient electric powertrains has surged. SRMs are gaining attention due to their simple construction, durability, and efficiency, making them an attractive choice for electric vehicle applications. With advancements in electric vehicle technology, the automotive industry is expected to heavily invest in SRM technology to optimize power management and enhance vehicle performance, which, in turn, creates vast market opportunities for SRM manufacturers.
Another key opportunity stems from the rise of robotics, particularly in industrial automation and service applications. As industries embrace robotics to improve production efficiency and reduce operational costs, the demand for reliable, high-performance motors has grown. SRMs are being considered for robotic applications due to their robustness, ability to operate under high torque conditions, and lower maintenance needs. With the continuous evolution of robotics in sectors such as manufacturing, healthcare, and logistics, SRM technology can cater to these needs, leading to increased adoption and growth within the market.
The ongoing focus on renewable energy and energy-efficient technologies has opened up opportunities for SRMs in various sectors, including wind power and industrial automation. The motors' ability to perform efficiently at different operating speeds makes them suitable for applications that require precision and energy savings, like in wind turbine generators or energy-efficient industrial machinery. As the global push for energy conservation strengthens, SRMs, with their minimal energy loss and high efficiency, are poised to benefit from the growing demand for environmentally friendly technologies, thus contributing to the expansion of the global market.
Competitive Landscape Analysis
Key players in Global Switched Reluctance Motors Market include:
- Infineon Technologies AG
- Nidec SR Drives Ltd.
- E. KRETZSCHMAR
- Domel, d.o.o.
- MACCON
- Renesas Electronics Corporation
- Ramco Electric Motors
- Regal Beloit Corporation
- Turnide
- Advanced Electric Machines (AEM)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Switched Reluctance Motors Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing demand for energy-efficient solutions
- Advancements in automation and electric vehicles
- Increased focus on renewable energy integration
- Restraints
- High initial investment costs
- Limited awareness and expertise
- Competing technologies (e.g., permanent magnet motors)
- Opportunities
- Expanding industrial applications
- Technological innovations in motor design
- Increasing demand for electric vehicles and robotics
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Switched Reluctance Motors Market, By Product Type , 2021 - 2031 (USD Million)
- Single Phase
- Double Phase
- Triple Phase
- Multi-Phase
- Global Switched Reluctance Motors Market, By Type , 2021 - 2031 (USD Million)
- 4/2 2-Phase Switched Reluctance Motor
- 6/3 3-Phase Switched Reluctance Motor
- Global Switched Reluctance Motors Market, By Application, 2021 - 2031 (USD Million)
- Electromechanical Brake System
- Fuel Pump
- Electric Power Steering
- Hybrid/ Electric Vehicles
- Vacuum Blowers
- Others
- Global Switched Reluctance Motors Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Switched Reluctance Motors Market, By Product Type , 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Infineon Technologies AG
- Nidec SR Drives Ltd.
- E. KRETZSCHMAR
- Domel, d.o.o.
- MACCON
- Renesas Electronics Corporation
- Ramco Electric Motors
- Regal Beloit Corporation
- Turnide
- Advanced Electric Machines (AEM)
- Company Profiles
- Analyst Views
- Future Outlook of the Market