Global Permanent Magnet Synchronous Motor Market Growth 2024-2030

Global Permanent Magnet Synchronous Motor Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Permanent Magnet Synchronous Motor market size was valued at US$ 13160 million in 2023. With growing demand in downstream market, the Permanent Magnet Synchronous Motor is forecast to a readjusted size of US$ 16650 million by 2030 with a CAGR of 3.4% during review period.

The research report highlights the growth potential of the global Permanent Magnet Synchronous Motor market. Permanent Magnet Synchronous Motor are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Permanent Magnet Synchronous Motor. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Permanent Magnet Synchronous Motor market.

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%.

Key Features:

The report on Permanent Magnet Synchronous Motor market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Permanent Magnet Synchronous Motor market. It may include historical data, market segmentation by Type (e.g., Above 60V, 41V‐60V), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Permanent Magnet Synchronous Motor market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Permanent Magnet Synchronous Motor market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Permanent Magnet Synchronous Motor industry. This include advancements in Permanent Magnet Synchronous Motor technology, Permanent Magnet Synchronous Motor new entrants, Permanent Magnet Synchronous Motor new investment, and other innovations that are shaping the future of Permanent Magnet Synchronous Motor.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Permanent Magnet Synchronous Motor market. It includes factors influencing customer ' purchasing decisions, preferences for Permanent Magnet Synchronous Motor product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Permanent Magnet Synchronous Motor market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Permanent Magnet Synchronous Motor market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Permanent Magnet Synchronous Motor market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Permanent Magnet Synchronous Motor industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Permanent Magnet Synchronous Motor market.

Market Segmentation:

Permanent Magnet Synchronous Motor market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Above 60V
41V‐60V
31V‐40V
21V‐30V
10V‐20V
9V and Below

Segmentation by application
Automation
Consumer Electronics
Residential & Commercial
Automotive & Transportation
Lab Equipment
Medical
Military/Aerospace

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.
DRS Technologies
Emerson
General Electric
Siemens AG
Mitsubishi Electric
Toshiba Corp
Ningbo volcanic electric co.,LTD
Electric Motor Solutions
ElectroCraft, Inc
ARC Systems, Inc
WEG Electric Corp
Rex Engineering Corp

Key Questions Addressed in this Report

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

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

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

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

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

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