Permanent Magnet Synchronous Motors Market, Global Outlook and Forecast 2023-2030
A permanent magnet synchronous motor (PMSM) uses permanent magnets embedded in the steel rotor to create a constant magnetic field. The stator carries windings connected to an AC supply to produce a rotating magnetic field. At synchronous speed the rotor poles lock to the rotating magnetic field. Permanent magnet synchronous motors are similar to brushless DC motors.
This report aims to provide a comprehensive presentation of the global market for Permanent Magnet Synchronous Motors, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Permanent Magnet Synchronous Motors. This report contains market size and forecasts of Permanent Magnet Synchronous Motors in global, including the following market information:
Global Permanent Magnet Synchronous Motors Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Permanent Magnet Synchronous Motors Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Permanent Magnet Synchronous Motors companies in 2022 (%)
The global Permanent Magnet Synchronous Motors market was valued at US$ 13840 million in 2022 and is projected to reach US$ 22760 million by 2029, at a CAGR of 7.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The major players in global Permanent Magnet Synchronous Motor (PMSM) market include Mitsubishi Electric, HITACHI, ABB, etc. The top 3 players occupy about 20% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 70% of the global market. 10-50Kw is the main type, with a share about 40%. Industry & Automation is the main application, which holds a share about 60%.
We surveyed the Permanent Magnet Synchronous Motors manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Permanent Magnet Synchronous Motors Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Permanent Magnet Synchronous Motors Market Segment Percentages, by Type, 2022 (%)
Above 60V
41V?60V
31V?40V
21V?30V
10V?20V
9V and below
Global Permanent Magnet Synchronous Motors Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Permanent Magnet Synchronous Motors Market Segment Percentages, by Application, 2022 (%)
Automation
Consumer Electronics
Residential & Commercial
Automotive & Transportation
Lab Equipment
Medical
Military/Aerospace
Global Permanent Magnet Synchronous Motors Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)
Global Permanent Magnet Synchronous Motors Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Permanent Magnet Synchronous Motors revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Permanent Magnet Synchronous Motors revenues share in global market, 2022 (%)
Key companies Permanent Magnet Synchronous Motors sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Permanent Magnet Synchronous Motors sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Baldor Electric Company, Inc.
Rockwell Automation, Inc.
Siemens AG
Toshiba Corporation
Hitachi Ltd.
Emerson Electric Corp.
Johnson Electric
DRS Technologies Inc.
General Electric Company
Mitsubishi Electric Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Permanent Magnet Synchronous Motors, market overview.
Chapter 2: Global Permanent Magnet Synchronous Motors market size in revenue and volume.
Chapter 3: Detailed analysis of Permanent Magnet Synchronous Motors manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Permanent Magnet Synchronous Motors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Permanent Magnet Synchronous Motors capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
