Switched Reluctance Motors Market Leading Players by 2028

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Motors

Switched reluctance motors are different from other poly-phase machines, owing to the salient poles of the stator and rotor. These motors are used in conjunction with specific power controls and convertors. Switched reluctance motors use magnetic attraction, which produces torque that occurs in between the corresponding set of salient poles and stator electromagnets on a ferromagnetic material simple rotor. Switched reluctance motors are considered suitable for high-speed applications due to their simple and robust structure. Furthermore, high speed switched reluctance motors seem to be a promising choice as traction motors in electric vehicles with their high power density advantage.

Moreover, switched reluctance motors perform well in harsh environments to meet the demand for high reliability from nuclear reactors and mines. These motors improve the performance of pumping, refrigeration and HVAC, among other applications and therefore, helps in cutting energy use by 20% to 50%. Participants in the switched reluctance motors market have made improvements and developments in software and hardware to offer only programmable motors with matching smart drives. Switched reluctance motors have relatively fewer moving parts and no rotor current as compared to conventional motors, which helps in reducing energy wastage in the rotor.

Switched Reluctance Motors Market: Dynamics: The simple design and robustness of switched reluctance motors along with the simplified inverter design to provide positive currents have led to the popularity of these motors. Furthermore, factors such as low cost, wide speed range, fast response and ruggedness, among others are expected to drive the global switched reluctance motors over the forecast period.

The rotors of switched reluctance motors have no winding brush along with high torque-inertia and no permanent magnet, making them more convenient and reliable over their counterparts. Moreover, rising installation of switched reluctance motors in electric vehicles and wide application in fuel pump operation, process control industries and electric power steering are expected to further augment the growth of the global switched reluctance motors market during the forecast period.

However, torque ripples are high in switched reluctance motors that are equipped with rotor position sensors, which affects the overall cost of the motor. Furthermore, the high acoustic noise associated with these motors is estimated to hamper the growth of the switched reluctance motors market in the near future.

Switched Reluctance Motors Market: Segmentation: The global switched reluctance motors market can be segmented on the basis of product type and application. On the basis of product type, the global switched reluctance motors market has been segmented into: Single Phase, Double Phase, Triple Phase, Multi-Phase; On the basis of application, the global switched reluctance motors market has been segmented into: Electromechanical brake system, Fuel Pump, Electric Power Steering, Hybrid/ Electric Vehicles, Vacuum Blowers, Others

Switched Reluctance Motors Market: Regional Outlook: North America is estimated to register substantial growth in the global switched reluctance motors market, owing to the growing demand for relatively simple motor design with high reliability and durability across various applications. Furthermore, the growing demand and manufacturing of electric vehicles across Europe is expected to propel the switched reluctance motors market growth over the forecast period.

Asia Pacific, on the other hand, with growing industrialization, demand for electric vehicles and automotive production is estimated to register substantial growth in the near future. China, Japan and India are projected to be the prominent countries across the region driving the global switched reluctance motors market during the forecast period.

Latin America is expected to witness considerable growth in the global switched reluctance motors market due to growing process industries and demand for vacuum blowers in the near future. The Middle East and Africa region, with the rising demand for advanced and reliable products at reasonable prices, is expected to further augment the growth of the global switched reluctance motors market over the forecast period.

Switched Reluctance Motors Market: Market Participants: Some of the market participants in the global switched reluctance motors market are: Infineon Technologies AG, MACCON, E.KRETZSCHMAR, Domel, d.o.o., Nidec SR Drives Ltd.,, Renesas Electronics Corporation, Regal Beloit Corporation, Ramco Electric Motors

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