Switched Reluctance Motors Market Gaining Global Attention Trend Analysis 2032 > Your story

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1.   Switched Reluctance Motors Market Size:

Switched Reluctance Motors Market Size is estimated to reach over USD 991.12 Million by 2032 from a value of USD 621.50 Million in 2024 and is projected to grow by USD 656.61 Million in 2025, growing at a CAGR of 6.0% from 2025 to 2032.

2. Market Overview

Switched Reluctance Motor (SRM) is a type of electric motor that generates torque through the principle of magnetic reluctance. Unlike traditional brushed DC motors, SRMs deliver power to windings in the stator, while the rotor consists of salient poles made of ferromagnetic material without any permanent magnets. When a stator winding is energized, the rotor's natural tendency is to align its poles with the stator poles to minimize the magnetic reluctance, resulting in rotational motion as different stator windings are sequentially energized. This operation requires an electronic control system to switch the stator windings based on the rotor's position, offering advantages in terms of simple and robust mechanical design, high efficiency at certain speeds, and fault tolerance.

3. Market Drivers

• Rare-Earth-Free Supply Chain: SRMs do not require neodymium or other rare-earth magnets, insulating manufacturers from the price volatility and geopolitical risks associated with magnet sourcing.
• Energy Efficiency Regulations: Global mandates like the EU Ecodesign Directive are forcing industries to adopt IE4 and IE5 efficiency class motors; SRMs are naturally suited for high-efficiency variable speed operations.
• Durability in Harsh Environments: Because the rotor has no magnets or delicate windings, SRMs can operate in higher temperatures and high-vibration environments (like mining or aerospace) where other motors would fail.
• Electric Vehicle (EV) Propulsion: As automotive OEMs seek to lower the "bill of materials" for EVs, the SRM’s high starting torque and low cost are making it a preferred choice for traction and auxiliary systems.
• Electric vehicles require high torque at low speeds for acceleration, and switched reluctance motors provide this efficiently. Their performance characteristics are well-suited for the stop-and-go traffic conditions prevalent in urban environments. Additionally, SRMs have simpler construction because their rotors don't contain permanent magnets or windings, potentially cheaper to manufacture than other motor types like Permanent Magnet Synchronous Motors (PMSMs) or induction motors.

4. Market Restraints

• Acoustic Noise and Vibration: The inherent "stepping" nature of the motor can lead to high acoustic noise and torque ripple, which remains a primary deterrent for cabin-sensitive automotive applications.
• Control Complexity: Operating an SRM requires sophisticated power electronics and high-speed switching algorithms. The cost of the external drive controller can sometimes offset the savings gained from the motor’s simple mechanical design.
• Standardization Gaps: Unlike the standardized frame sizes and "plug-and-play" nature of AC induction motors, SRMs often require custom integration, which slows down wide-scale adoption in legacy industrial plants.
• High torque ripples result in vibrations, jerky motion, and speed fluctuations, which are undesirable in applications requiring precise control and smooth operation, such as electric vehicles, robotics, and servo drives. Additionally, torque ripples lead to increased mechanical stress and wear on the motor and the driven system, potentially reducing the lifespan of the system.

5. Market Opportunities

• Advanced "Silent" Algorithms: The development of AI-driven control software that can predict and cancel out torque ripples in real-time is opening doors for SRMs in domestic appliances (washing machines, HVAC).
• Heavy Industrial Pumps & Fans: Significant opportunities exist in the oil and gas sector, where SRMs are used in beam pumping units to reduce electricity costs by up to 25%.
• Renewable Energy Integration: Using SRMs in wind turbine pitch-control drives and lubrication pumps is a growing segment, as the rotor’s simplicity reduces the mechanical failure probability by nearly 48%.
• The robust design, high efficiency at variable speeds, and low maintenance requirements of switched reluctance motors make them well-suited for direct-drive wind turbines, eliminating the need for gearboxes and improving reliability. Additionally, SRMs are also employed in applications in auxiliary systems within solar power plants, such as high-efficiency pumps for cooling and tracking systems requiring precise and reliable motion.

6. Market Segmentation

The market is strategically divided by power rating and industrial end-use:

7. Key Players

The competitive landscape is dominated by engineering giants and specialized motor innovators:

• Nidec Corporation (Japan): The global leader in volume, focusing heavily on SRMs for EVs and high-efficiency appliance drives.
• ABB Ltd: A major player in industrial SRMs, specializing in integrated motor-drive solutions for process control.
• AMETEK Inc: Provides high-performance SRMs for aerospace and medical applications.
• Magna International: A key automotive supplier developing SRM-based powertrains to eliminate rare-earth reliance.
• Enedym (Canada): A disruptive startup holding a significant share (~18%) in the EV-specific SRM segment.
• Shandong Kehui Power Automation: A leading manufacturer in China, focused on industrial machinery and oil-field applications.

8. Regional Analysis

• Asia-Pacific (Largest Production Hub): China holds a dominant position, accounting for a significant portion of both production and consumption due to its massive EV market and low-cost manufacturing.
• Europe (Technology Leader): Germany and Italy lead in the development of high-performance SRMs for the textile and advanced automation industries, driven by strict energy-efficiency laws.
• North America: A key consumer market, particularly for the US automotive and HVAC industries, which are increasingly evaluating SRM technology for "Buy American" compliant supply chains.

9. Recent Developments (2025–2026)

• TFLN & Wide-Bandgap Integration: In early 2026, the integration of Silicon Carbide (SiC) switches into SRM controllers has significantly reduced switching losses, allowing for much higher rotational speeds (up to 20,000+ rpm).
• AI-Dosing for Noise Reduction: Recent software-driven upgrades in late 2025 have improved torque linearity by nearly 19%, making SRMs quiet enough for use in luxury home appliances.
• Strategic Acquisitions: Large corporations like Nidec and Bosch have recently increased M&A activity, acquiring smaller regional SRM specialists to consolidate patent portfolios in "magnet-free" propulsion.
• Industrial Adoption Surge: U.S. industrial facilities reported a 42% increase in SRM deployment in 2025, specifically for conveyor systems and high-speed spindles.

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