Market Overview:
The global automotive permanent magnet synchronous motor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric and hybrid vehicles across the globe. Additionally, stringent emission norms are also propelling the demand for electric and hybrid vehicles, which in turn is fueling the growth of the global automotive permanent magnet synchronous motor market. The global automotive permanent magnet synchronous motor market can be segmented on the basis of type into surface PMSM (SPMSM) type and interior PMSM (IPMSM) type. The SPMSM type is expected to hold a larger share of the global automotive permanent magnet synchronous motor market duringthe forecast period owing to its high efficiency and low cost as comparedto IPMSMs.
Product Definition:
An automotive permanent magnet synchronous motor (PMSM) is a type of electric motor that uses permanent magnets to create a rotational force. This type of motor has many advantages over traditional brushed DC motors, including high efficiency, low noise levels, and long life spans. Automotive PMSMs are commonly used in hybrid and electric vehicles to power the car's wheels.
Surface PMSM (SPMSM) Type:
The surface PMSM (SPMSM) type is used in the automotive permanent magnet synchronus motor market. The SPMSM has a structure where both poles of the rotor are located on one end of the stator, this reduces power loss and increases efficiency. It also helps to reduce size and weight as well as cost which further boosts its demand in various applications including electric vehicles, hybrid cars and others.
Interior PMSM (IPMSM) Type:
Interior PMSM (IPMSM) type is used in automotive permanent magnet synchronus motor market. IPMSM is a kind of electric motor which uses magnetic field for rotating the rotor and no physical connections are present between stator and rotor windings.
Application Insights:
The passenger cars segment accounted for the largest share of over 60.0% in 2017 and is expected to continue its dominance over the forecast period. The growing demand for electric vehicles owing to stringent government regulations regarding reduction in pollution levels is projected to have a positive impact on market growth. Moreover, increasing investments by major players such as Tesla Inc., General Motors Company and Ford Motor Company are likely to propel industry expansion over the coming years.
Commercial Vehicles segment accounted for a significant share in 2017 owing to rising demand from mining companies, construction companies and others requiring heavy-duty PMSM motors with high power density that results in higher efficiency across multiple applications areas such as trucks, buses and coaches among others. These motors also possess features such as dustproof design IP67 protection against external dirt particles which makes them ideal for harsh environments where there is potential risk of damage due to contact with foreign particles or debris including gravel, sand etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 and is anticipated to witness significant growth over the forecast period owing to increasing per capita income, rising disposable income, and expanding middle-class population base. Moreover, supportive government policies are likely to contribute toward sustainable development of automotive industry in this region.
The European market was valued at USD X million in 2017 and is projected to grow significantly over the forecast period owing to stringent regulations regarding vehicular emissions coupled with implementation of strict fuel economy standards has resulted in adoption of permanent magnet synchronous motor as an alternative power source for reduction of carbon dioxide emissions from vehicles’ exhausts compared with other conventional methods such as brush or slip rings based PMSM motors used earlier.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising disposable income of consumers in developing countries
- Technological advancements in automotive permanent magnet synchronous motor market
- Stringent government regulations for fuel economy and emissions control
- Growing popularity of eco-friendly vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Permanent Magnet Synchronus Motor Market Research Report
By Type
Surface PMSM (SPMSM) Type, Interior PMSM (IPMSM) Type
By Application
Passenger Cars, Commercial Vehicles
By Companies
Johnson Electric Group (China), Kofu Meidensha Electric (Japan), Mitsubishi Heavy Industries (Japan), Myway Plus (Japan), Tsuzuki (Japan), Delta Group (Taiwan), Leonardo DRS (Italy), ABB (USA), ZIEHL-ABEGG (Germany), Johnson Electric Group (China)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Permanent Magnet Synchronus Motor Market Report Segments:
The global Automotive Permanent Magnet Synchronus Motor market is segmented on the basis of:
Types
Surface PMSM (SPMSM) Type, Interior PMSM (IPMSM) Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Electric Group (China)
- Kofu Meidensha Electric (Japan)
- Mitsubishi Heavy Industries (Japan)
- Myway Plus (Japan)
- Tsuzuki (Japan)
- Delta Group (Taiwan)
- Leonardo DRS (Italy)
- ABB (USA)
- ZIEHL-ABEGG (Germany)
- Johnson Electric Group (China)
Highlights of The Automotive Permanent Magnet Synchronus Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Surface PMSM (SPMSM) Type
- Interior PMSM (IPMSM) Type
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Permanent Magnet Synchronus Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive permanent magnet synchronous motor is a type of electric motor that uses electromagnets to create a rotating magnetic field. This field interacts with the windings of the motor, which in turn creates rotational motion. Permanent magnet synchronous motors are typically used in larger vehicles, such as trucks and buses, because they offer increased efficiency and power over traditional electric motors.
Some of the major companies in the automotive permanent magnet synchronus motor market are Johnson Electric Group (China), Kofu Meidensha Electric (Japan), Mitsubishi Heavy Industries (Japan), Myway Plus (Japan), Tsuzuki (Japan), Delta Group (Taiwan), Leonardo DRS (Italy), ABB (USA), ZIEHL-ABEGG (Germany), Johnson Electric Group (China).
The automotive permanent magnet synchronus motor market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Permanent Magnet Synchronus Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Permanent Magnet Synchronus Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Permanent Magnet Synchronus Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Permanent Magnet Synchronus Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Permanent Magnet Synchronus Motor Market Size & Forecast, 2018-2028
4.5.1 Automotive Permanent Magnet Synchronus Motor Market Size and Y-o-Y Growth
4.5.2 Automotive Permanent Magnet Synchronus Motor Market Absolute $ Opportunity
Chapter 5 Global Automotive Permanent Magnet Synchronus Motor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Type
5.2.1 Surface PMSM (SPMSM) Type
5.2.2 Interior PMSM (IPMSM) Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Permanent Magnet Synchronus Motor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Permanent Magnet Synchronus Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Permanent Magnet Synchronus Motor Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Type
9.6.1 Surface PMSM (SPMSM) Type
9.6.2 Interior PMSM (IPMSM) Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Permanent Magnet Synchronus Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Type
10.6.1 Surface PMSM (SPMSM) Type
10.6.2 Interior PMSM (IPMSM) Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Permanent Magnet Synchronus Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Type
11.6.1 Surface PMSM (SPMSM) Type
11.6.2 Interior PMSM (IPMSM) Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Permanent Magnet Synchronus Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Type
12.6.1 Surface PMSM (SPMSM) Type
12.6.2 Interior PMSM (IPMSM) Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Permanent Magnet Synchronus Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Type
13.6.1 Surface PMSM (SPMSM) Type
13.6.2 Interior PMSM (IPMSM) Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Permanent Magnet Synchronus Motor Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Permanent Magnet Synchronus Motor Market: Competitive Dashboard
14.2 Global Automotive Permanent Magnet Synchronus Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Electric Group (China)
14.3.2 Kofu Meidensha Electric (Japan)
14.3.3 Mitsubishi Heavy Industries (Japan)
14.3.4 Myway Plus (Japan)
14.3.5 Tsuzuki (Japan)
14.3.6 Delta Group (Taiwan)
14.3.7 Leonardo DRS (Italy)
14.3.8 ABB (USA)
14.3.9 ZIEHL-ABEGG (Germany)
14.3.10 Johnson Electric Group (China)
