Permanent Magnet Synchronous Motor Market

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.

Permanent Magnet Synchronous Motor Market contains market size and forecasts of Permanent Magnet Synchronous Motor (PMSM) in global, including the following market information:

Global Permanent Magnet Synchronous Motor (PMSM) Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Permanent Magnet Synchronous Motor (PMSM) Market Sales, 2017-2022, 2023-2028, (MW)

Global top five Permanent Magnet Synchronous Motor (PMSM) companies in 2021 (%)

The global Permanent Magnet Synchronous Motor (PMSM) market was valued at 13840 million in 2021 and is projected to reach US$ 22760 million by 2028, at a CAGR of 7.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Below 5Kw Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Permanent Magnet Synchronous Motor (PMSM) include Mitsubishi Electric, HITACHI, ABB, SIEMENS AG, GE, Bosch, MEIDENSHA, JJE and CONTINENTAL, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Permanent Magnet Synchronous Motor (PMSM) 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 Motor (PMSM) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Permanent Magnet Synchronous Motor (PMSM) Market Segment Percentages, by Type, 2021 (%)

Below 5Kw

5-10Kw

10-50Kw

Above 50Kw

Global Permanent Magnet Synchronous Motor (PMSM) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Permanent Magnet Synchronous Motor (PMSM) Market Segment Percentages, by Application, 2021 (%)

Automotive

Elevator

Industry & Automation

Others

Global Permanent Magnet Synchronous Motor (PMSM) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Permanent Magnet Synchronous Motor (PMSM) Market Segment Percentages, By Region and Country, 2021 (%)

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 Motor (PMSM) revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Permanent Magnet Synchronous Motor (PMSM) revenues share in global market, 2021 (%)

Key companies Permanent Magnet Synchronous Motor (PMSM) sales in global market, 2017-2022 (Estimated), (MW)

Key companies Permanent Magnet Synchronous Motor (PMSM) sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Mitsubishi Electric

HITACHI

ABB

SIEMENS AG

GE

Bosch

MEIDENSHA

JJE

CONTINENTAL

ALSTOM

BROAD-OCEAN

TOSHIBA

XIZI FORVORDA