Global Permanent Magnet Synchronous Motor for Power Market Growth 2024-2030

Global Permanent Magnet Synchronous Motor for Power Market Growth 2024-2030

The Permanent Magnet Synchronous Motor (PMSM) for power applications is a highly efficient and advanced electric motor that utilizes permanent magnets to generate a synchronous rotating magnetic field. This technology ensures a more precise control of speed and torque, resulting in improved energy efficiency and performance in various power-related applications. PMSMs are widely employed in electric vehicles, industrial machinery, and renewable energy systems, offering reliable and cost-effective solutions for power generation, transmission, and utilization.

The global Permanent Magnet Synchronous Motor for Power market size is projected to grow from US$ 171.2 million in 2023 to US$ 242.2 million in 2030; it is expected to grow at a CAGR of 5.1% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Permanent Magnet Synchronous Motor for Power Industry Forecast” looks at past sales and reviews total world Permanent Magnet Synchronous Motor for Power sales in 2023, providing a comprehensive analysis by region and market sector of projected Permanent Magnet Synchronous Motor for Power sales for 2024 through 2030. With Permanent Magnet Synchronous Motor for Power 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 for Power industry.

This Insight Report provides a comprehensive analysis of the global Permanent Magnet Synchronous Motor for Power 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 for Power 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 for Power market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnet Synchronous Motor for Power 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 for Power.

United States market for Permanent Magnet Synchronous Motor for Power is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Permanent Magnet Synchronous Motor for Power is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Permanent Magnet Synchronous Motor for Power is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Permanent Magnet Synchronous Motor for Power players cover Mitsubishi Electric, Hitachi, ABB, Siemens and GE, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnet Synchronous Motor for Power market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Surface Mount PMSM
Interior PMSM

Segmentation by application
Wind Turbines
Hydroelectric Generators
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
GE
Bosch
Meidensha
JJE
Continental
Alstom
Toshiba
Zhongshan Broad-Ocean Motor
Zhejiang Xizi Forvorda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Permanent Magnet Synchronous Motor for Power market?

What factors are driving Permanent Magnet Synchronous Motor for Power market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Permanent Magnet Synchronous Motor for Power market opportunities vary by end market size?

How does Permanent Magnet Synchronous Motor for Power break out type, application?

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