Global Permanent Magnet Synchronous Motor (PMSM) Market Growth 2023-2029

Global Permanent Magnet Synchronous Motor (PMSM) Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Permanent Magnet Synchronous Motor (PMSM) Industry Forecast” looks at past sales and reviews total world Permanent Magnet Synchronous Motor (PMSM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Permanent Magnet Synchronous Motor (PMSM) sales for 2023 through 2029. With Permanent Magnet Synchronous Motor (PMSM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Permanent Magnet Synchronous Motor (PMSM) industry.
This Insight Report provides a comprehensive analysis of the global Permanent Magnet Synchronous Motor (PMSM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Permanent Magnet Synchronous Motor (PMSM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Permanent Magnet Synchronous Motor (PMSM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnet Synchronous Motor (PMSM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Permanent Magnet Synchronous Motor (PMSM).
The global Permanent Magnet Synchronous Motor (PMSM) market size is projected to grow from US$ 13160 million in 2022 to US$ 22530 million in 2029; it is expected to grow at a CAGR of 22530 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnet Synchronous Motor (PMSM) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Below 5Kw
5-10Kw
10-50Kw
Above 50Kw
Segmentation by application
Automotive
Elevator
Industry & Automation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mitsubishi Electric
HITACHI
ABB
SIEMENS AG
GE
Bosch
MEIDENSHA
JJE
CONTINENTAL
ALSTOM
BROAD-OCEAN
TOSHIBA
XIZI FORVORDA
Key Questions Addressed in this Report
What is the 10-year outlook for the global Permanent Magnet Synchronous Motor (PMSM) market?
What factors are driving Permanent Magnet Synchronous Motor (PMSM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Permanent Magnet Synchronous Motor (PMSM) market opportunities vary by end market size?
How does Permanent Magnet Synchronous Motor (PMSM) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.