Global Variable Reluctance Market – Industry Trends and Forecast to 2029

Variable Reluctance Market Analysis and Size

Globally, the growing automotive industry, rising accident fatalities, and stringent safety regulations in all major automotive markets are expected to remain key growth drivers for variable reluctance sensors during the study period. One of the prominent factors characterising varying reluctance sensor market trends is the implementation of stringent vehicle safety standards, which is attributed to an increase in road fatalities.

Data Bridge Market Research analyses that the variable reluctance market which was growing at a value of 3.34 billion in 2021 and is expected to reach the value of USD 4.71 billion by 2029, at a CAGR of 4.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Variable Reluctance Market Scope and Segmentation

Market Definition

A variable reluctance sensor is an alternating current generator whose output voltage varies with speed. The sensor is made up of a permanent magnet and a ferromagnetic pole piece surrounded by a coil wire. When ferromagnetic materials pass by the tip of the pole piece, it generates analogue voltage output signals, which are then sent to the control unit and converted into digital signals to support the controlling function.

Global Variable Reluctance Market Dynamics

Drivers

• High angular resolutions

The most significant advantage of variable reluctance is their high angular resolution. It rotates progressively. It is extremely useful for a specific operation that does not necessitate continuous motion. Losses are minimal because the majority of the material is magnetic. It is powered by both an AC and a DC power supply. It is very simple to produce variable reluctance due to the involvement of electronic devices. It has a high torque to inertia ratio and a high stepping rate.

Furthermore, rising government development funding and increased investment for the advancement of a more convenient outboard motor will drive the variable reluctance market growth over the forecasted period.

• High penetration of electronic components in automotive industry

The use of electronics components in the automotive industry has improved vehicle performance by improving the operation of entertainment devices and vehicle efficiency. Sensors are an important part of the automotive industry because they serve multiple functions. These assist car manufacturers in designing vehicle models that are safer, more comfortable, and more fuel efficient. The sensors have also enabled a high degree of vehicle automation, which has benefited sensor technology.

Opportunity

Stringent safety regulations in all major automotive markets are a critical factor driving market growth, as are rising instances of fatalities from accidents and a growing automotive industry globally. In the forecast period, technological advancements and sensor modernization will create new opportunities for the variable reluctance market.

Restraints

COVID-19 has the potential to have a global economic impact by directly affecting production and trade, disrupting supply chains and markets, and having an economic impact on companies, thereby slowing global variable reluctance market growth.

This variable reluctance market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable reluctance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Variable Reluctance Market

The novel coronavirus pandemic has had an impact on investment activity across the industrial sectors, primarily due to movement restrictions and interruptions in the supply of machinery and equipment. However, lower energy demand had a greater impact on investment spending in the early months of the pandemic. This decrease in energy consumption has had a negative impact on the industry, given the important role of variable reluctance energy harvesting systems in converting rotation motion to electrical energy. Despite such setbacks from the pandemic, the industry may regain traction as people avoid mass transportation and vehicle sales continue to rise during the pandemic, potentially increasing demand for variable reluctance sensors in vehicles in the coming years.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Variable Reluctance Market Scope

The variable reluctance market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Single Stack Variable Reluctance Motor
• Multi Stack Variable Reluctance Motor

Application

• Telecommunication Equipment
• Office Equipment
• Medical Equipment
• Industrial Automation
• Consumer Electronics
• Others

Variable Reluctance Market Regional Analysis/Insights

The variable reluctance market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the variable reluctance market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America has the fastest growing segment of the global variable reluctance market because of the presence of major and well-known players in the ICT sector. Furthermore, governments and private players in North America are providing significant assistance and guidance in determining the best path for IT product sales.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Variable Reluctance Market Share Analysis

The variable reluctance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to variable reluctance market.

Some of the major players operating in the variable reluctance market are:

• Shinano Kenshi Co., Ltd. (Japan)
• MinebeaMitsumi Inc. (Japan)
• NIDEC CORPORATION (Vietnam)
• MOONS'. (Japan)
• SANYO DENKI CO., LTD. (Japan)
• ORIENTAL MOTOR USA CORP. (U.S)
• TAMAGAWA SEIKI Co.,Ltd. (Japan)
• Changzhou Fulling Motor Co., Ltd (China)
• Nippon Pulse America, Inc. (U.S)
• Nanotec Electronic GmbH & Co. KG, (Germany)
• AMETEK Inc. (U.S)
• Société Industrielle de Sonceboz SA (Switzerland)
• Phytron GmbH (Germany)
• MicroStep, spol. s r.o. (Germany)

SKU-54985