Industrial Synchronous Reluctance Motor Market Insights Video
According to Cognitive Market Research, the global synchronous reluctance motor market size is USD 186.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 74.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 55.98 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 42.92 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 9.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The process industries held the highest synchronous reluctance motor market revenue share in 2024.
