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 aims to provide a comprehensive presentation of the global market for Permanent Magnet Synchronous Motor (PMSM), 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 Motor (PMSM). 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, 2018-2023, 2024-2029, ($ millions)
- Global Permanent Magnet Synchronous Motor (PMSM) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Permanent Magnet Synchronous Motor (PMSM) companies in 2022 (%)
The global Permanent Magnet Synchronous Motor (PMSM) 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 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, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Permanent Magnet Synchronous Motor (PMSM) Market Segment Percentages, by Type, 2022 (%)
- Below 5Kw
- 5-10Kw
- 10-50Kw
- Above 50Kw
Global Permanent Magnet Synchronous Motor (PMSM) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Permanent Magnet Synchronous Motor (PMSM) Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Elevator
- Industry & Automation
- Others
Global Permanent Magnet Synchronous Motor (PMSM) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Permanent Magnet Synchronous Motor (PMSM) 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 Motor (PMSM) revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Permanent Magnet Synchronous Motor (PMSM) revenues share in global market, 2022 (%)
- Key companies Permanent Magnet Synchronous Motor (PMSM) sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Permanent Magnet Synchronous Motor (PMSM) sales share in global market, 2022 (%)
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
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Permanent Magnet Synchronous Motor (PMSM), market overview.
- Chapter 2: Global Permanent Magnet Synchronous Motor (PMSM) market size in revenue and volume.
- Chapter 3: Detailed analysis of Permanent Magnet Synchronous Motor (PMSM) 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 Motor (PMSM) 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 Motor (PMSM) 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.
Industry Market Size
