Report Overview:
For medium and small size EVs, different types of permanent magnet motors are currently in use, but they are becoming expensive with time and will be very costly if used in heavy duty vehicles. Thus, switched reluctance motors being cost-effective and rugged are high tech for the electric vehicles.
This report provides a deep insight into the global Switched Reluctance Motors for Electric Vehicles market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Switched Reluctance Motors for Electric Vehicles Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
Market Value:
The global Switched Reluctance Motors for Electric Vehicles market size was estimated at USD 99 million in 2024 and is projected to reach USD 208.02 million by 2032, exhibiting a CAGR of 8.60% during the forecast period.
North America Switched Reluctance Motors for Electric Vehicles market size was estimated at USD 29.74 million in 2024, at a CAGR of 7.37% during the forecast period of 2025 through 2032.
CAGR of 8.60%
(2025 – 2032)
By Types:
By Applications:
OEM
Aftermarket
Key players include:
• Nidec
• Maccon
• Enedym
• Hunan Haineng Electromechanical
• Rongcheng Rongjia Power
