DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Synchronous Motors Market - Global Trends & Forecasts to 2021" report to their offering.
Rising electricity prices, along with increased demand for electricity and energy, is currently driving the demand for synchronous motors. Additionally, power factor correction capabilities have high potential for reducing energy consumption, and enhanced efficiency of the system provides a huge opportunity for retrofit applications in the manufacturing industry. This characteristic enables end-users to save on electricity bills and avoid penalty charges in many parts of the world, such as North America and Europe.
Compressor is an important equipment in several critical industries, particularly in the process industries; this segment is expected to be the largest by 2021. In most factories and industrial facilities, generation of compressed air amounts for one-fifth of the total electricity bill. Industries are increasingly focusing on energy awareness and implementation of energy-efficient solutions to reduce their operational costs. Compressors require fixed speed motor applications; in this case, synchronous motors prove to be a better option to achieve higher efficiencies at a lower cost.
Asia-Pacific is the largest as well as fastest growing region in the global synchronous motors market. This growth and increasing demand for synchronous motors is attributed to the rise in manufacturing activities in countries such India, China, Japan, and Indonesia. Furthermore, growing need for energy efficiency in the region is also driving the demand for synchronous motors. The synchronous motor can drive more power from smaller units, which helps manufacturers to achieve greater power densities and lesser space requirements.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Synchronous Motors Market, By Mounting Type
8 Synchronous Motors Market, By Voltage Class
9 Synchronous Motors Market, By End-User
10 Synchronous Motors Market, By Application
11 Synchronous Motors Market, By Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned:
- ABB Ltd.
- Arc Systems Inc.
- Bosch Group
- Emerson Electric Co.
- General Electric
- Hitachi Ltd.
- Nidec Corporation
- Rockwell Automation Inc.
- Siemens AG
- Toshiba Corporation
- WEG SA
For more information visit http://www.researchandmarkets.com/research/nphnx7/synchronous
