Switched Reluctance Motors - Global Strategic Business Report

The global market for Switched Reluctance Motors was valued at US$653.5 Million in 2024 and is projected to reach US$816.6 Million by 2030, growing at a CAGR of 3.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Switched Reluctance Motors market.

Global Switched Reluctance Motors Market - Key Trends & Drivers Summarized

What Sets Switched Reluctance Motors Apart in Modern Applications?

Switched reluctance motors (SRMs) are emerging as a high-efficiency alternative to conventional induction and permanent magnet motors, particularly in applications requiring robustness, scalability, and low maintenance. These motors operate on the principle of reluctance torque, eliminating the need for rare-earth magnets - a significant advantage in terms of both cost and supply chain stability. As industries pursue electrification and energy efficiency, SRMs are gaining ground in automotive, industrial, HVAC, and household appliance applications.

One of their most compelling advantages is ruggedness. With a simple rotor structure and no windings or permanent magnets, SRMs are highly tolerant of harsh environments and can function reliably under high temperatures and variable load conditions. Their ability to maintain performance in the face of vibration, dust, or corrosive exposure makes them particularly appealing for electric vehicles (EVs), pumps, fans, and military-grade equipment where reliability is non-negotiable.

How Are Design and Control Innovations Powering SRM Performance?

Technological developments in motor design, advanced controllers, and digital simulation tools are unlocking the full potential of SRMs. Modern controllers use sophisticated algorithms to smooth torque ripple, which was historically a limitation in SRM performance. This enhancement is critical in applications such as EV drivetrains, where smooth torque delivery and noise reduction are paramount.

Computer-aided electromagnetic design and real-time feedback loops have made it possible to optimize motor behavior dynamically based on load conditions. Sensorless control and integrated drive systems are also gaining popularity, minimizing cost and complexity. Thermal management innovations and better lamination materials are enabling SRMs to run cooler and more efficiently, making them suitable for high-speed or continuous-duty applications.

What Industry Trends Are Fueling SRM Adoption?

The electrification of mobility - across cars, buses, trains, and even aircraft - is one of the most powerful trends driving SRM adoption. These motors offer high power density and robust performance without relying on critical rare-earth materials, which face price volatility and geopolitical risks. Environmental and regulatory pressures to reduce emissions are prompting automotive OEMs to diversify motor types, with SRMs offering an attractive blend of cost, performance, and sustainability.

Industrial automation is another sector pushing SRM adoption. As factories move toward Industry 4.0 standards, motor reliability, efficiency, and predictive maintenance become critical. SRMs, with their fault-tolerant structure and minimal maintenance needs, fit naturally into this paradigm. Additionally, rising electricity costs and decarbonization mandates in sectors like HVAC, water treatment, and manufacturing are encouraging the use of motors with higher operational efficiency across variable loads.

What’s Driving the Expansion of the Switched Reluctance Motors Market?

The growth in the switched reluctance motors market is driven by several strategic and technical factors, including the rising global demand for rare-earth-free motor solutions, advances in motor control technology, and the acceleration of electric vehicle production. Increasing concerns over critical material supply chains - especially rare-earth elements - are motivating OEMs to adopt magnet-free motor technologies like SRMs.

Government incentives for EV adoption, paired with growing industrial demand for efficient motion control solutions, are expanding the market’s scope. SRMs are also being favored in sectors that value ruggedness and longevity, such as oil & gas, mining, and military applications. As energy efficiency regulations tighten worldwide, SRMs offer a compelling path forward with their low energy loss, adaptability to digital control, and scalable architecture. With sustained R&D investment and increasing awareness of their advantages, SRMs are poised for widespread industrial and commercial adoption.

Scope of the Report

The report analyzes the Switched Reluctance Motors market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below:

• Segments: Operating Power (Below 100 kW Power, 100 - 200 kW Power, Above 200 kW Power); Application (Fuel Pump Application, Machinery Application, Hybrid / Electric Vehicle Application, Home & Building Application, Other Applications); End-User (Automotive End-User, Industrial End-User, Other End-Users).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Below 100 kW Power segment, which is expected to reach US$447.7 Million by 2030 with a CAGR of a 3.0%. The 100 - 200 kW Power segment is also set to grow at 4.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $178.1 Million in 2024, and China, forecasted to grow at an impressive 6.8% CAGR to reach $163.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Switched Reluctance Motors Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Switched Reluctance Motors Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Switched Reluctance Motors Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABB, Advanced Motion Controls, Ametek Inc., Bison Gear & Engineering, Celera Motion and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 43 companies featured in this Switched Reluctance Motors market report include:

• ABB
• Advanced Motion Controls
• Ametek Inc.
• Bison Gear & Engineering
• Celera Motion
• CG Power and Industrial
• Emerson Electric Co.
• Enedym Inc.
• Hanning Elektrowerke
• Infinitum Electric
• Kollmorgen
• Lin Engineering
• Maccon GmbH
• Nidec Corporation
• NovaTorque Inc.
• Parker Hannifin
• Regal Rexnord Corporation
• Schneider Electric
• Siemens AG
• Turntide Technologies

This edition integrates the latest global trade and economic shifts into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis from 2015 to 2023.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025 (E), competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.