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Add to CartSwitched Reluctance Motors Market
By Operating Power;
Below 100 kW, 100-200 kW and Above 200 kWBy Application;
Fuel Pump, Machinery, Hybrid & Electric Vehicles, Home & Building and OthersBy End-User;
Automotive, Industrial and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
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%.
Switched Reluctance Motors Market
*Market size in USD million
CAGR 6.5 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 6.5 % |
| Market Size (2024) | USD 606.71 Million |
| Market Size (2031) | USD 942.15 Million |
| Market Concentration | Medium |
| Report Pages | 380 |
Major Players
- 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)
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Switched Reluctance Motors Market
Fragmented - Highly competitive market without dominant players
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.
Switched Reluctance Motors Market Key Takeaways
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Switched reluctance motors are gaining traction due to their high efficiency and robust performance in demanding applications.
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Increasing adoption in electric vehicles and industrial automation is driving the market growth, as these motors offer better control and durability.
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The low cost of switched reluctance motors, compared to other electric motors, is making them an attractive option for a wide range of applications.
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Advancements in controller technology are improving the performance of switched reluctance motors, making them more versatile and efficient.
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Growing concerns about energy consumption and the need for sustainable solutions are further boosting demand for energy-efficient motors like switched reluctance motors.
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Key manufacturers are focusing on strategic partnerships and product innovations to expand their market presence and develop new applications.
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Ongoing research and development in switched reluctance motor technologies is expected to unlock new opportunities in areas such as robotics and renewable energy systems.
Switched Reluctance Motors Market Recent Developments
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In 2025, the Switched Reluctance Motors (SRM) Market was valued at approximately USD 637.5 million and is projected to reach USD 1,174.3 million by 2035, growing at a compound annual growth rate (CAGR) of 6.3%. This growth is driven by increasing demand across sectors such as automotive, industrial automation, renewable energy, and household appliances.
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In 2025, the automotive sector is expected to be the largest application segment, driven by the adoption of SRMs in electric vehicles (EVs) and hybrid electric vehicles (HEVs). The Asia-Pacific region is anticipated to dominate the market, with countries like China, India, and Japan leading the adoption of SRMs in various applications.
Switched Reluctance Motors Market Segment Analysis
In this report, the Switched Reluctance Motors Market has been segmented by Operating Power, Application, End-User and Geography.
Switched Reluctance Motors Market, Segmentation by Operating Power
The Operating Power axis differentiates demand by installed power bands that align with duty cycles, torque density needs, and control complexity. Vendors optimize cost-per-newton-meter and efficiency through stack length, lamination geometry, and controller tuning tailored to each power class. Procurement strategies increasingly weigh total cost of ownership, as thermal management, acoustic performance, and inverter sophistication vary significantly between Below 100 kW, 100–200 kW, and Above 200 kW deployments.
Below 100 kW
This range targets compact platforms where low BOM cost, simpler drive electronics, and robust tolerance to harsh environments are pivotal. Typical use cases include pumps, fans, home automation, and light-duty mobility where partial-load efficiency and fault tolerance are key buying factors. Suppliers focus on noise reduction, sensorless control, and simplified cooling to win in applications with tight space and budget constraints.
100-200 kW
The mid-power class balances torque density with manufacturability, enabling broader use across machinery and mobility subsystems. OEMs value the efficiency–cost trade-off as SRMs avoid rare-earth magnets while sustaining high reliability under repetitive duty cycles. Design wins center on improved acoustic NVH, advanced control algorithms, and integration with wide-bandgap inverter stages for higher switching frequencies.
Above 200 kW
High-power SRMs address applications requiring high torque, ruggedness, and thermal stability under prolonged heavy loads. End users prioritize uptime and serviceability, with interest in liquid cooling, redundant sensors, and predictive diagnostics for critical operations. Growth is supported by magnet-free architectures that reduce exposure to rare-earth price volatility while enabling durable performance in demanding industrial and traction contexts.
Switched Reluctance Motors Market, Segmentation by Application
By Application, demand concentrates where SRMs’ inherent robustness, fault tolerance, and magnet-free economics create clear lifecycle advantages. Buyers evaluate control smoothness, efficiency across variable speeds, and thermal behavior matched to duty cycles. Partnerships between motor OEMs, inverter suppliers, and system integrators are accelerating platform standardization across fuel systems, machinery lines, mobility platforms, buildings, and diversified “others” niches.
Fuel Pump
SRMs power fuel and fluid pumps that require high reliability, dry-run resilience, and efficient operation across fluctuating speeds and pressures. Their simple rotor and robust construction minimize failure points compared with alternatives. Vendors emphasize sensorless control, low ripple torque, and sealed designs to extend service life in chemically aggressive environments.
Machinery
In factory and process machinery, SRMs deliver durability and low maintenance in harsh, high-cycling conditions. Their ability to withstand temperature swings and overloads supports conveyors, compressors, and material handling systems. Integrators value predictive maintenance via current signature analysis and drive analytics to reduce downtime and optimize energy consumption.
Hybrid & Electric Vehicles
Automotive programs adopt SRMs for ancillary drives and, increasingly, traction where rare-earth independence and cost stability are strategic. Advances in control algorithms mitigate acoustic NVH while wide-bandgap inverters enhance efficiency at higher switching speeds. OEMs pursue platform modularity, enabling shared SRM modules across trims to streamline sourcing and service.
Home & Building
In residential and commercial settings, SRMs serve HVAC, elevators, and smart appliances prioritizing energy efficiency and reliability. Building operators benefit from lower lifecycle costs and the motors’ resilience to voltage sags and temperature variability. Vendors highlight compact footprints, quieter operation, and integration with BMS/IoT for monitoring and optimization.
Others
Diverse niches—ranging from agriculture to marine auxiliaries—leverage SRMs where ruggedness and maintenance simplicity matter most. Custom windings, enclosure ratings, and control profiles tailor performance to unique duty cycles. Channel partners expand reach by bundling SRMs with drives and gearboxes, creating turnkey solutions for specialized environments.
Switched Reluctance Motors Market, Segmentation by End-User
The End-User lens captures procurement patterns and specification priorities that shape vendor roadmaps. Automotive buyers emphasize cost stability, NVH, and platform scalability; Industrial clients prize uptime, diagnostics, and harsh-environment performance; and Others blend requirements across niche operating contexts. Ecosystem collaboration around drives, controls, and service is a core growth enabler across customer groups.
Automotive
Automotive programs focus on magnet-free cost structures, compact packaging, and integration with existing vehicle electrical architectures. SRMs serve traction auxiliaries, pumps, and compressors where efficiency and durability lower warranty risk. Suppliers invest in NVH refinement, thermal solutions, and drive harmonization to meet stringent OEM validation gates.
Industrial
Industrial operators seek high availability, extended service intervals, and predictable TCO across conveyors, compressors, and process lines. SRMs’ fault tolerance and robust rotor construction reduce unplanned downtime and simplify maintenance. Partnerships with automation vendors deliver digital monitoring, enabling condition-based maintenance and energy optimization.
Others
This group comprises sectors with specialized environments where resilience, enclosure ratings, and custom controls dominate specifications. Buyers often require tailored shaft designs, mounting options, and firmware tuned to unique load profiles. Channel strategies emphasize engineering support and rapid prototyping to accelerate qualification and adoption.
Switched Reluctance Motors Market, Segmentation by Geography
In this report, the Switched Reluctance Motors Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
Demand in North America reflects emphasis on energy efficiency, reshoring of manufacturing, and reduced exposure to rare-earth supply risk. Industrial users value reliability and service ecosystems, while mobility projects explore SRMs for auxiliary drives. Policy incentives and grid-modernization initiatives support adoption in building systems and machinery upgrades.
Europe
Europe prioritizes sustainability, eco-design directives, and lifecycle transparency across industrial value chains. OEM–supplier collaborations advance NVH improvements and inverter integration for precision machinery and transportation. Retrofit programs in buildings and factories stimulate interest in magnet-free solutions that align with circular economy goals.
Asia Pacific
Asia Pacific benefits from expansive manufacturing bases and competitive supply chains that accelerate SRM scaling. Rapid urbanization and investments in automation drive uptake across machinery, HVAC, and mobility ecosystems. Regional players leverage cost leadership and control electronics innovation to capture share in both domestic and export markets.
Middle East & Africa
In Middle East & Africa, industrial diversification, infrastructure build-out, and water management applications favor robust SRMs. Operators seek solutions resilient to dust, heat, and voltage fluctuations, making the technology’s fault tolerance attractive. Local assembly and service partnerships strengthen lifecycle support and reduce downtime in critical operations.
Latin America
Latin America shows growing interest driven by industrial upgrades, energy-efficiency regulations, and the need for cost-effective motor replacements. Distributors emphasize packaged offerings—motor, drive, and gearbox—to simplify deployment. Market education on control smoothing and maintenance practices helps expand SRM penetration across diverse 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.
Switched Reluctance Motors Market Competitive Landscape Analysis
Switched Reluctance Motors Market is witnessing a strong competitive environment, driven by rapid technological advancements and diversified strategies among leading players. The market shows a notable concentration of top competitors capturing over 65% of the share, supported by increasing partnerships and product innovation. This strong competition is encouraging efficiency and accelerating industry-wide transformation.
Market Structure and Concentration
The market exhibits a moderately consolidated structure, with key manufacturers holding nearly 70% of total share. These players rely on integrated production strategies, specialized designs, and customized service offerings to maintain competitive advantage. Strategic collaboration and merger activities are reshaping supply networks, enhancing operational strength, and supporting steady growth in demand.
Brand and Channel Strategies
Major companies are adopting focused branding initiatives and expanding their distribution channels to reinforce market presence. Nearly 60% of sales are generated through structured partnerships with industrial clients and OEM networks. Strong channel alliances and digital transformation of sales operations are key elements driving market expansion and brand differentiation.
Innovation Drivers and Technological Advancements
More than 55% of industry players are investing in advanced R&D programs to develop highly efficient, lightweight, and cost-optimized motors. These technological advancements focus on improved torque density, enhanced control systems, and reduced maintenance. Continuous innovation and integration with smart control platforms are establishing a stronger competitive edge in this evolving segment.
Regional Momentum and Expansion
Strong regional expansion strategies have enabled manufacturers to secure over 50% of their revenue from emerging industrial hubs. Strategic partnerships with local suppliers and OEMs have improved supply chain agility and accelerated growth. The emphasis on regional integration reflects an adaptive approach to evolving regulatory landscapes and production efficiencies.
Future Outlook
The future of this market is expected to be shaped by intensified innovation, expanding collaboration, and robust infrastructure investments. With over 75% of manufacturers planning to diversify production capabilities, the future outlook remains promising. Strategic technology integration and geographic expansion will likely define the next phase of competitive transformation in this sector.
Key players in Switched Reluctance Motors Market include:
- Nidec Corporation
- Regal Rexnord Corporation
- Shandong Kehui Power Automation Co Ltd
- AMETEK Inc
- MACCON Gmbh & Co Kg
- Turntide Technologies
- Advanced Electric Machines (AEM)
- Enedym Inc
- Punch Powertrain NV
- TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation)
- Chara (India)
- Green Advocacy Partners LLC
- Ningbo Nide Mechanical Equipment Co Ltd
- Linquip Technology
- Bonfiglioli Transmissions Private Limited
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- 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 Operating Power
- Market Snapshot, By Application
- Market Snapshot, By End-User
- Market Snapshot, By Region
- 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
- Switched Reluctance Motors Market, By Operating Power, 2021 - 2031 (USD Million)
- Below 100 kW
- 100-200 kW
- Above 200 kW
- Switched Reluctance Motors Market, By Application, 2021 - 2031 (USD Million)
- Fuel Pump
- Machinery
- Hybrid & Electric Vehicles
- Home & Building
- Others
- Switched Reluctance Motors Market, By End-User, 2021 - 2031 (USD Million)
- Automotive
- Industrial
- Others
- 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
- Switched Reluctance Motors Market, By Operating Power, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Nidec Corporation
- Regal Rexnord Corporation
- Shandong Kehui Power Automation Co Ltd
- AMETEK Inc
- MACCON Gmbh & Co Kg
- Turntide Technologies
- Advanced Electric Machines (AEM)
- Enedym Inc
- Punch Powertrain NV
- TMEIC (Toshiba Mitsubishi-Electric Industrial Systems Corporation)
- Chara (India)
- Green Advocacy Partners LLC
- Ningbo Nide Mechanical Equipment Co Ltd
- Linquip Technology
- Bonfiglioli Transmissions Private Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market