A large synchronous motor (power greater than 25 MW) is one in which the rotor normally rotates at the same speed as the machine’s revolving field. The market for large synchronous motors has expanded significantly in recent years. This expansion is expected to continue in the coming years due to the increasing use of large synchronous motors in water treatment projects and various industries around the world.
These motors are used in a variety of applications such as compressors, blowers, and others. Given this, the need for water treatment plants and other activities will create opportunities for application, spurring growth in the coming years.
Future Market Insights (FMI), ESOMAR-certified market research and consulting firm, offers insights into key factors driving demand for large synchronous motors in its new study.
Aside from the difficulties associated with the maintenance of large synchronous motors, complex installation and high costs have always been major concerns for end-users. End users have had difficulty determining the scope of a standard large synchronous motor for a specific application. As a result, manufacturers have increased their focus on designing customized and large synchronous motors to meet customer demands.
The upcoming projects in mining, power generation, and other industries are expected to benefit the market significantly. Demand for large synchronous motors will be fueled by high-capacity power plants, desalination plants, and other industrial plants. Some of the market’s leading large synchronous motor manufacturers have already begun motor customization, and others are likely to follow suit to keep up with the dynamic environment.
Large synchronous motors have been consistently used in mining, air separation units, and other applications. Owing to the ongoing crisis caused by COVID-19pandemic, the production, and supply chain activities have seen a minor slump yet the condition will improve with the economic recovery post the containment period following the pandemic.
The COVID-19 pandemic has caused a severe impact on the global economy at various levels and the impact is seen in the manufacturing industry as well. The large synchronous motor market growth is also projected to be affected by the COVID-19 pandemic crisis. It is expected to witness a significant plunge in demand in 2020. With several end-users affected in regions such as East Asia, Europe, and Asia-Pacific, a significant drop in supply is expected that would result in a significant drop in Y-O-Y growth, yet projects the global large synchronous motor market to grow at 2.8% CAGR through 2030.
Some of the leading companies operating in the market are:
- General Electric
- Toshiba Mitsubishi-Electric Industrial Systems Corporation
- Hyundai Electric & Energy Systems Co., Ltd
- Siemens AG
- VEM Group