Global 3 Phase Switched Reluctance Motor Market

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According to the latest research, the global 3-Phase Switched Reluctance Motor market size was valued at USD 171.51 million in 2022 and is expected to expand at a CAGR of 6.96% during the forecast period, reaching USD 256.82 million by 2028.

3-Phase Switched Reluctance Motor is a motor with three-phase windings. A 3-phase switched reluctance motor has 6 stator poles with two opposite ended stator poles forming one phase. A Switched Reluctance (SR) motor is an electromagnetic, rotary machine in which torque is produced by the tendency of its movable part to move to a position where the inductance of the exciting winding is maximized. The switched reluctance motor is an electric motor that runs by reluctance torque. Unlike common brushed DC motor types, power is delivered to windings in the stator rather than the rotor. The Switched Reluctance (SR) motor is a rotating electric machine where both stator and rotor have salient poles. The stator winding is comprised of a set of coils, each of which is wound on one pole. The rotor is created from lamination in order to minimize the eddy-current losses.

Short-term negative effects
The sudden onset of the COVID-19 pandemic has led to strict lockdown regulations in many countries, disrupting 3-Phase Switched Reluctance Motor's import and export activities. COVID-19 can affect the global economy in three main ways: directly impacting production and demand, disrupting supply chains and markets, and having financial impacts on companies and financial markets. The early days of the COVID-19 pandemic severely impacted the 3-Phase Switched Reluctance Motor product industry. National lockdowns have disrupted raw material supply chains, putting pressure on industry product supply. 3-Phase Switched Reluctance Motor is in high demand for diversified distribution channels. The convenience of distribution channels requires distributors to have smooth and flexible logistics. However, the pandemic has hit logistics hard, severely impacting turnaround speeds. Factors such as labor shortages and increased raw material costs will increase production costs and risks. At the same time, under the impact of the capital market, investor confidence has been frustrated, and corporate financing has become more difficult. During the COVID-19 outbreak, market closures and supply chain disruptions have resulted in weak industrial output growth and subdued demand.

More elastic recovery
With the implementation of epidemic prevention and control measures and the promotion of vaccines, the order of production and sales in all walks of life has gradually resumed. Although the supply chain of switched reluctance motors (SRM) was disrupted in the early days of COVID-19, the growing demand for high-speed motors in various industries such as automotive, building and construction is driving the industry to recover. Manufacturers are focusing on increasing production of high-speed electric motors due to rising sales of electric vehicles, battery-powered devices, and more. A switched reluctance motor is a motor that operates through reluctance torque. These motors can operate at higher speeds; therefore, they are widely used in electromechanical braking systems, high-speed machinery, electric and hybrid vehicles, and more. The surge in global demand for energy-efficient systems is conducive to driving industry recovery and growth. At the same time, the epidemic has increased the demand for digital transformation, which can also bring market opportunities to switched reluctance motors (SRM).

There are technical barriers
Switched reluctance motor drive system products on the market are suitable for special scenarios such as frequent starting, frequent forward and reverse rotation, and heavy-load starting. They are composed of switched reluctance motor and drive controller, and are typical mechatronic products. Among them, the technical difficulties of the switched reluctance motor are the double salient pole structure of the motor and the serious nonlinearity of inductance saturation, and it is difficult for the conventional electromagnetic calculation software of the motor to perform accurate calculation. The crucial most disadvantages of SRMs are high noise, vibrations and torque ripple. It requires advanced control methods when compared with other AC and DC motor drives. The existence of technical barriers is not conducive to the increase of market participants and is not conducive to market activity.

The development of smart factories brings new development opportunities
The switched reluctance motor drive system is mainly composed of a switched reluctance motor and a drive controller. The development of Industry 4.0 puts forward intelligent requirements for machinery and equipment. The switched reluctance motor drive system drives the motor through the motor controller, which has the basis for realizing the network, digitization and intelligence of mechanical equipment, and realizes the integration of the motor operation control strategy and the equipment Internet of Things. The system remotely monitors the operation of the motor, and the system simultaneously collects and stores the information data in the production process. The system forms an integrated cloud storage platform, which interfaces with the production enterprise ERP/MES and other systems to realize data sharing.

Region Overview:
United States dominated the 3-Phase Switched Reluctance Motor market in 2022, with a market share of 35.14%.

Company Overview:
Nidec Corporation is one of the major players operating in the 3-Phase Switched Reluctance Motor market, holding a share of 42.09% in 2022.

Nidec Corporation
Nidec Group specializes and handles motor application products based on "everything that spins and moves," centering around a motor business that comprises an expansive product line from small precision to supersized motors.

Shandong Kehui Power Automation
Shandong Kehui Power Automation Co., Ltd. operates as a smart grid fault monitoring and automation solution provider. The Company provides grid fault traveling wave fault location, distribution network automation, power cable fault detection and positioning equipment, and more. Shandong Kehui Power Automation also provides switched reluctance motor drive systems.

Segmentation Overview:
Among different product types, 100-500 KW segment is anticipated to contribute the largest market share in 2027.

Application Overview:
The market's largest segment by application is the segment Automobile Industry, with a market share of 51.51% in 2022.

This report elaborates on the market size, market characteristics, and market growth of the 3-Phase Switched Reluctance Motor industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of 3-Phase Switched Reluctance Motor. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

Key Points this Global 3-Phase Switched Reluctance Motor Market Report Include:
Market Size Estimates: 3-Phase Switched Reluctance Motor market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: 3-Phase Switched Reluctance Motor market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the 3-Phase Switched Reluctance Motor market
Segment Market Analysis: 3-Phase Switched Reluctance Motor market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: 3-Phase Switched Reluctance Motor market situations and prospects in major and top regions and countries
3-Phase Switched Reluctance Motor Market

Competitive Landscape

and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
3-Phase Switched Reluctance Motor Industry Chain: 3-Phase Switched Reluctance Motor market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
3-Phase Switched Reluctance Motor Industry News, Policies by regions
3-Phase Switched Reluctance Motor Industry Porters Five Forces Analysis

Key players in the global 3-Phase Switched Reluctance Motor market are covered in Chapter 2:
Regal Rexnord
Shandong Kehui Power Automation
Maccon GmbH
Rocky Mountain Technologies
Advanced Electric Machines
Nidec Corporation
Rongjia Motor Co., Ltd
AMETEK
Emotron AB
Turntide

In Chapter 6 and Chapter 9, on the basis of types, the 3-Phase Switched Reluctance Motor market from 2018 to 2028 is primarily split into:
<100 KW
100-500 KW
>500 KW

In Chapter 7 and Chapter 10, on the basis of applications, the 3-Phase Switched Reluctance Motor market from 2018 to 2028 covers:
Automobile Industry
Appliance Industry
Industrial Machinery
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.

Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global 3-Phase Switched Reluctance Motor market size in terms of revenue, sales volume, and average price.

Chapter 2 analyzes the main companies in the 3-Phase Switched Reluctance Motor industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.

Chapter 3 is an analysis of the competitive environment of 3-Phase Switched Reluctance Motor market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.

Chapter 4 is an analysis of the 3-Phase Switched Reluctance Motor industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.

Chapter 5 focuses on 3-Phase Switched Reluctance Motor market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.

Chapters 6-8 have segmented the 3-Phase Switched Reluctance Motor market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.

Chapters 9-11 provide detailed 3-Phase Switched Reluctance Motor market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.

Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.