Global Permanent Magnet Synchronous Motor (PMSM) Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Permanent Magnet Synchronous Motor (PMSM) Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

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.
According to APO Research, The global Permanent Magnet Synchronous Motor (PMSM) market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.
North American market for Permanent Magnet Synchronous Motor (PMSM) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Asia-Pacific market for Permanent Magnet Synchronous Motor (PMSM) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
Europe market for Permanent Magnet Synchronous Motor (PMSM) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The major global manufacturers of Permanent Magnet Synchronous Motor (PMSM) include Mitsubishi Electric, HITACHI, ABB, SIEMENS AG, GE, Bosch, MEIDENSHA, JJE and CONTINENTAL, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report 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).
The Permanent Magnet Synchronous Motor (PMSM) market size, estimations, and forecasts are provided in terms of sales volume (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Permanent Magnet Synchronous Motor (PMSM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Mitsubishi Electric
HITACHI
ABB
SIEMENS AG
GE
Bosch
MEIDENSHA
JJE
CONTINENTAL
ALSTOM
BROAD-OCEAN
TOSHIBA
XIZI FORVORDA
Permanent Magnet Synchronous Motor (PMSM) segment by Type

Below 5Kw
5-10Kw
10-50Kw
Above 50Kw
Permanent Magnet Synchronous Motor (PMSM) segment by Application

Automotive
Elevator
Industry & Automation
Others
Permanent Magnet Synchronous Motor (PMSM) Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Permanent Magnet Synchronous Motor (PMSM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Permanent Magnet Synchronous Motor (PMSM) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Permanent Magnet Synchronous Motor (PMSM).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Permanent Magnet Synchronous Motor (PMSM) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Permanent Magnet Synchronous Motor (PMSM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: 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 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Sales Estimates and Forecasts (2019-2030)
1.3 Permanent Magnet Synchronous Motor (PMSM) Market by Type
1.3.1 Below 5Kw
1.3.2 5-10Kw
1.3.3 10-50Kw
1.3.4 Above 50Kw
1.4 Global Permanent Magnet Synchronous Motor (PMSM) Market Size by Type
1.4.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size Overview by Type (2019-2030)
1.4.2 Global Permanent Magnet Synchronous Motor (PMSM) Historic Market Size Review by Type (2019-2024)
1.4.3 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2019-2024)
1.5.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Permanent Magnet Synchronous Motor (PMSM) Industry Trends
2.2 Permanent Magnet Synchronous Motor (PMSM) Industry Drivers
2.3 Permanent Magnet Synchronous Motor (PMSM) Industry Opportunities and Challenges
2.4 Permanent Magnet Synchronous Motor (PMSM) Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Permanent Magnet Synchronous Motor (PMSM) Revenue (2019-2024)
3.2 Global Top Players by Permanent Magnet Synchronous Motor (PMSM) Sales (2019-2024)
3.3 Global Top Players by Permanent Magnet Synchronous Motor (PMSM) Price (2019-2024)
3.4 Global Permanent Magnet Synchronous Motor (PMSM) Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Permanent Magnet Synchronous Motor (PMSM) Key Company Manufacturing Sites & Headquarters
3.6 Global Permanent Magnet Synchronous Motor (PMSM) Company, Product Type & Application
3.7 Global Permanent Magnet Synchronous Motor (PMSM) Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Permanent Magnet Synchronous Motor (PMSM) Market CR5 and HHI
3.8.2 Global Top 5 and 10 Permanent Magnet Synchronous Motor (PMSM) Players Market Share by Revenue in 2023
3.8.3 2023 Permanent Magnet Synchronous Motor (PMSM) Tier 1, Tier 2, and Tier 3
4 Permanent Magnet Synchronous Motor (PMSM) Regional Status and Outlook
4.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Region
4.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Region (2019-2024)
4.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Region (2019-2024)
4.2.3 Global Permanent Magnet Synchronous Motor (PMSM) Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Region
4.3.1 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Region (2025-2030)
4.3.2 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Region (2025-2030)
4.3.3 Global Permanent Magnet Synchronous Motor (PMSM) Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Permanent Magnet Synchronous Motor (PMSM) by Application
5.1 Permanent Magnet Synchronous Motor (PMSM) Market by Application
5.1.1 Automotive
5.1.2 Elevator
5.1.3 Industry & Automation
5.1.4 Others
5.2 Global Permanent Magnet Synchronous Motor (PMSM) Market Size by Application
5.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size Overview by Application (2019-2030)
5.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Historic Market Size Review by Application (2019-2024)
5.2.3 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2019-2024)
5.3.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Mitsubishi Electric
6.1.1 Mitsubishi Electric Comapny Information
6.1.2 Mitsubishi Electric Business Overview
6.1.3 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.1.5 Mitsubishi Electric Recent Developments
6.2 HITACHI
6.2.1 HITACHI Comapny Information
6.2.2 HITACHI Business Overview
6.2.3 HITACHI Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.2.4 HITACHI Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.2.5 HITACHI Recent Developments
6.3 ABB
6.3.1 ABB Comapny Information
6.3.2 ABB Business Overview
6.3.3 ABB Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.3.4 ABB Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.3.5 ABB Recent Developments
6.4 SIEMENS AG
6.4.1 SIEMENS AG Comapny Information
6.4.2 SIEMENS AG Business Overview
6.4.3 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.4.4 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.4.5 SIEMENS AG Recent Developments
6.5 GE
6.5.1 GE Comapny Information
6.5.2 GE Business Overview
6.5.3 GE Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.5.4 GE Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.5.5 GE Recent Developments
6.6 Bosch
6.6.1 Bosch Comapny Information
6.6.2 Bosch Business Overview
6.6.3 Bosch Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Bosch Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.6.5 Bosch Recent Developments
6.7 MEIDENSHA
6.7.1 MEIDENSHA Comapny Information
6.7.2 MEIDENSHA Business Overview
6.7.3 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.7.4 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.7.5 MEIDENSHA Recent Developments
6.8 JJE
6.8.1 JJE Comapny Information
6.8.2 JJE Business Overview
6.8.3 JJE Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.8.4 JJE Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.8.5 JJE Recent Developments
6.9 CONTINENTAL
6.9.1 CONTINENTAL Comapny Information
6.9.2 CONTINENTAL Business Overview
6.9.3 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.9.4 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.9.5 CONTINENTAL Recent Developments
6.10 ALSTOM
6.10.1 ALSTOM Comapny Information
6.10.2 ALSTOM Business Overview
6.10.3 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.10.4 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.10.5 ALSTOM Recent Developments
6.11 BROAD-OCEAN
6.11.1 BROAD-OCEAN Comapny Information
6.11.2 BROAD-OCEAN Business Overview
6.11.3 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.11.4 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.11.5 BROAD-OCEAN Recent Developments
6.12 TOSHIBA
6.12.1 TOSHIBA Comapny Information
6.12.2 TOSHIBA Business Overview
6.12.3 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.12.4 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.12.5 TOSHIBA Recent Developments
6.13 XIZI FORVORDA
6.13.1 XIZI FORVORDA Comapny Information
6.13.2 XIZI FORVORDA Business Overview
6.13.3 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2019-2024)
6.13.4 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Product Portfolio
6.13.5 XIZI FORVORDA Recent Developments
7 North America by Country
7.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales by Country
7.1.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Permanent Magnet Synchronous Motor (PMSM) Sales by Country (2019-2024)
7.1.3 North America Permanent Magnet Synchronous Motor (PMSM) Sales Forecast by Country (2025-2030)
7.2 North America Permanent Magnet Synchronous Motor (PMSM) Market Size by Country
7.2.1 North America Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Permanent Magnet Synchronous Motor (PMSM) Market Size by Country (2019-2024)
7.2.3 North America Permanent Magnet Synchronous Motor (PMSM) Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Permanent Magnet Synchronous Motor (PMSM) Sales by Country
8.1.1 Europe Permanent Magnet Synchronous Motor (PMSM) Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales by Country (2019-2024)
8.1.3 Europe Permanent Magnet Synchronous Motor (PMSM) Sales Forecast by Country (2025-2030)
8.2 Europe Permanent Magnet Synchronous Motor (PMSM) Market Size by Country
8.2.1 Europe Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Permanent Magnet Synchronous Motor (PMSM) Market Size by Country (2019-2024)
8.2.3 Europe Permanent Magnet Synchronous Motor (PMSM) Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales by Country
9.1.1 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales by Country (2019-2024)
9.1.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Market Size by Country
9.2.1 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales by Country
10.1.1 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales by Country (2019-2024)
10.1.3 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales Forecast by Country (2025-2030)
10.2 Latin America Permanent Magnet Synchronous Motor (PMSM) Market Size by Country
10.2.1 Latin America Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Permanent Magnet Synchronous Motor (PMSM) Market Size by Country (2019-2024)
10.2.3 Latin America Permanent Magnet Synchronous Motor (PMSM) Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales by Country
11.1.1 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales by Country (2019-2024)
11.1.3 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Market Size by Country
11.2.1 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Permanent Magnet Synchronous Motor (PMSM) Value Chain Analysis
12.1.1 Permanent Magnet Synchronous Motor (PMSM) Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Permanent Magnet Synchronous Motor (PMSM) Production Mode & Process
12.2 Permanent Magnet Synchronous Motor (PMSM) Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Permanent Magnet Synchronous Motor (PMSM) Distributors
12.2.3 Permanent Magnet Synchronous Motor (PMSM) Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings