Global Permanent Magnet Synchronous Motor PMSM Market Research Report 2023(Status and Outlook)

Global Permanent Magnet Synchronous Motor PMSM Market Research Report 2023(Status and Outlook)

Report Overview

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.

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%.

The Global Permanent Magnet Synchronous Motor PMSM Market Size was estimated at USD 12490 million in 2022 and is projected to reach USD 20992.90 million by 2029, exhibiting a CAGR of 7.70% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Permanent Magnet Synchronous Motor PMSM market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Permanent Magnet Synchronous Motor PMSM Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Permanent Magnet Synchronous Motor PMSM market in any manner.

Global Permanent Magnet Synchronous Motor PMSM Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Mitsubishi Electric

HITACHI

ABB

SIEMENS AG

GE

Bosch

MEIDENSHA

JJE

CONTINENTAL

ALSTOM

BROAD-OCEAN

TOSHIBA

XIZI FORVORDA

Market Segmentation (by Type)

Below 5Kw

5-10Kw

10-50Kw

Above 50Kw

Market Segmentation (by Application)

Automotive

Machinery

Aerospace

Electronics Automotive

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Permanent Magnet Synchronous Motor PMSM Market

Overview of the regional outlook of the Permanent Magnet Synchronous Motor PMSM Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors