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SRM: Synchronous Reluctance Motor. Introducing a new lifting technology in the elevator market

Total Cost €


EC-Contrib. €






 SRM project word cloud

Explore the words cloud of the SRM project. It provides you a very rough idea of what is the project "SRM" about.

made    di    iron    price    3239    elevators    asia    lies    italian    worldwide    savings    lifts    reggio    140    grow    outputs    technologies    efficiency    srl    lack    105    requirement    reluctance    reaching    srm    extraction    manufacture    reliability    gears    employees    pacific    cagr    return    market    dependence    raw    security    carbon    terrain    electric    ordm    material    electrical    investment    roi    hire    synchronous    industry    lifespan    demand    lift    machine    2015    gearless    magnets    50    40    sme    bolzano    traction    invested    nowadays    company    profits    energy    75    prices    motors    comfort    china    motor    neodymium    area    components    located    patented    fluctuations    oxidation    million    lower    source    size    dominated    maintenance    machines    831    innovation    footprint    subject    albinea    iot    alternative    permanent    speed    elevator    temperatures    benefits    emilia    performance    encoder    01    lifting    2021    pm   

Project "SRM" data sheet

The following table provides information about the project.


Organization address
postcode: 42020
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Italy [IT]
 Project website
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-08-01   to  2018-11-30


Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ITALIAN TOP GEARS SRL IT (ALBINEA) coordinator 50˙000.00


 Project objective

The market for lifting systems is nowadays dominated by gearless machines. Among them there is a type of machine based on the use of Neodymium permanent magnets. However, the raw material with which these magnets are made is subject to large fluctuations in the price because there is a very high dependence on the unique source of extraction, China. In addition, PM gearless motors are related to reliability problems due to the lack of knowledge about the lifespan of the magnets, as well as performance related to high operating temperatures (above 140ºC) and oxidation due to its iron components. The elevators market size is expected to grow from € 75,000 million (2015) to € 105,831 million by 2021, at a CAGR of 6.01% based on an increasing demand in Asia and Pacific area. Italian Top Gears SRL, is an Italian SME located in Bolzano di Albinea (Reggio Emilia) that is dedicated to design, manufacture and distribution of elevator traction machines with the state-of-the-art technologies for the worldwide market. Taking all of this into account, the company has patented a novel alternative system to the previous one, with similar outputs in speed, comfort and efficiency, but with a much more effective performance in the terrain of reliability and security. But above all, what makes highly interested this new system is up to 40% savings in motor costs. The innovation lies in the use of a synchronous reluctance electric motor (SRM) as a traction unit, following the requirement and needs of the lift industry. The main benefits obtained with SRM are: lower prices per unit, no electrical encoder needed in system, use of IoT applied to the lifts, reduced motor size, low maintenance, 50% lifespan increase, estimated energy savings of € 3239 and reduction of the carbon footprint of the process. This project is aiming to achieve profits around € 3.7 M and hire 9 new employees after 5 years in market, reaching a ROI (return of investment) of 2.3 per euro invested.

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The information about "SRM" are provided by the European Opendata Portal: CORDIS opendata.

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