Market Overview:
The global permanent magnet synchronous motor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and high-performance motors across different applications. Additionally, the growing adoption of electric vehicles is also contributing to the growth of this market. Based on type, above 60V motors are expected to account for the largest share of the global permanent magnet synchronous motor market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. The increasing demand for high-voltage motors in various applications such as automotive & transportation and lab equipment is driving the growth of this segment. Based on application, automation is expected to account for the largest share ofthe global permanent magnet synchronous motormarketin2018 .
Product Definition:
A permanent magnet synchronous motor (PMSM) is a type of synchronous motor powered by a permanent magnet, as opposed to an electromagnet. PMSMs are used in applications where precise speed control is required. They are often found in high-end appliances such as air conditioners, refrigerators and dishwashers.
Above 60V:
ABB Ltd. has developed a technology that enables the usage of high voltage range above 60V in permanent magnet synchronous motor (PMSM). This technology is used to reduce size, cost and weight of PMSM which helps in improving its application scope.
41Vâ€60V:
41V 60V is a voltage range that is widely used in permanent magnet synchronous motors (PMSM). PMSM has several advantages over conventional electric motors; it requires less power, produces more torque and can be operated at very high speeds.
The market for 41V 60V has grown significantly over the past few years owing to the increasing demand for electric vehicles (EVs), hybrid cars, and motorcycles.
Application Insights:
The permanent magnet synchronous motor finds applications in various industries including automation, consumer electronics, residential & commercial, automotive & transportation, lab equipment medical and military/aerospace. The market is categorized on the basis of application into automation, consumer electronics, residential & commercial and automotive & transportation. Automation segment held the largest share of over 50% in 2017 owing to its wide usage across industrial machinery and robotics applications.
PMSM is a power-efficient solution that can be used forAC motors ranging from small size up to several hundreds of kilowatts; therefore it is widely used for powering electric drives in automobiles as well as heavy vehicles such as trucks or buses.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing industrialization and rising adoption of PMS motors in countries such as China, Japan, South Korea, Taiwan, and India. These countries are involved in developing smart cities initiative that includes automation of various processes for improved efficiency and productivity. This will lead to increased demand for PMSM motor based on these applications across industries such as manufacturing, oil & gas sector among others.
The North America permanent magnet synchronous motor market was valued at USD X million in 2017 owing to high usage across end-use industries such as consumer electronics (televisions), automotive (battery driven vehicles), power distribution units among others’ which require reliable motors with low maintenance cost over their lifetime. Moreover the growing popularity of electric vehicles has led manufacturers including General Motors Company; Tesla Inc.
Growth Factors:
- Increasing demand for energy-efficient electric vehicles
- Growing popularity of renewable energy sources
- Proliferation of smart grids and microgrids
- Rising demand from the industrial sector
- Technological advancements in PMSM technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet Synchronous Motor Market Research Report
By Type
Above 60V, 41V‐60V, 31V‐40V, 21V‐30V, 10V‐20V, 9V and Below
By Application
Automation, Consumer Electronics, Residential & Commercial, Automotive & Transportation, Lab Equipment, Medical, Military/Aerospace
By Companies
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
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet Synchronous Motor Market Report Segments:
The global Permanent Magnet Synchronous Motor market is segmented on the basis of:
Types
Above 60V, 41V‐60V, 31V‐40V, 21V‐30V, 10V‐20V, 9V and Below
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
Automation, Consumer Electronics, Residential & Commercial, Automotive & Transportation, Lab Equipment, Medical, Military/Aerospace
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:
- 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
Highlights of The Permanent Magnet Synchronous 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:
- Above 60V
- 41V‐60V
- 31V‐40V
- 21V‐30V
- 10V‐20V
- 9V and Below
- By Application:
- Automation
- Consumer Electronics
- Residential & Commercial
- Automotive & Transportation
- Lab Equipment
- Medical
- Military/Aerospace
- 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 Permanent Magnet Synchronous 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Permanent Magnet Synchronous Motor is a type of electric motor that uses permanent magnets to create rotational motion. These motors are often used in applications where high speed and efficiency are desired, such as in industrial machinery or vehicles.
Some of the major players in the permanent magnet synchronous motor market are 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.
The permanent magnet synchronous 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 Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Permanent Magnet Synchronous 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 Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size & Forecast, 2018-2028
4.5.1 Permanent Magnet Synchronous Motor Market Size and Y-o-Y Growth
4.5.2 Permanent Magnet Synchronous Motor Market Absolute $ Opportunity
Chapter 5 Global Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size Forecast by Type
5.2.1 Above 60V
5.2.2 41V‐60V
5.2.3 31V‐40V
5.2.4 21V‐30V
5.2.5 10V‐20V
5.2.6 9V and Below
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size Forecast by Applications
6.2.1 Automation
6.2.2 Consumer Electronics
6.2.3 Residential & Commercial
6.2.4 Automotive & Transportation
6.2.5 Lab Equipment
6.2.6 Medical
6.2.7 Military/Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Permanent Magnet Synchronous 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 Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Analysis and Forecast
9.1 Introduction
9.2 North America Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size Forecast by Type
9.6.1 Above 60V
9.6.2 41V‐60V
9.6.3 31V‐40V
9.6.4 21V‐30V
9.6.5 10V‐20V
9.6.6 9V and Below
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 Permanent Magnet Synchronous Motor Market Size Forecast by Applications
9.10.1 Automation
9.10.2 Consumer Electronics
9.10.3 Residential & Commercial
9.10.4 Automotive & Transportation
9.10.5 Lab Equipment
9.10.6 Medical
9.10.7 Military/Aerospace
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 Permanent Magnet Synchronous Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size Forecast by Type
10.6.1 Above 60V
10.6.2 41V‐60V
10.6.3 31V‐40V
10.6.4 21V‐30V
10.6.5 10V‐20V
10.6.6 9V and Below
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 Permanent Magnet Synchronous Motor Market Size Forecast by Applications
10.10.1 Automation
10.10.2 Consumer Electronics
10.10.3 Residential & Commercial
10.10.4 Automotive & Transportation
10.10.5 Lab Equipment
10.10.6 Medical
10.10.7 Military/Aerospace
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 Permanent Magnet Synchronous Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size Forecast by Type
11.6.1 Above 60V
11.6.2 41V‐60V
11.6.3 31V‐40V
11.6.4 21V‐30V
11.6.5 10V‐20V
11.6.6 9V and Below
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 Permanent Magnet Synchronous Motor Market Size Forecast by Applications
11.10.1 Automation
11.10.2 Consumer Electronics
11.10.3 Residential & Commercial
11.10.4 Automotive & Transportation
11.10.5 Lab Equipment
11.10.6 Medical
11.10.7 Military/Aerospace
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 Permanent Magnet Synchronous Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Permanent Magnet Synchronous 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 Permanent Magnet Synchronous Motor Market Size Forecast by Type
12.6.1 Above 60V
12.6.2 41V‐60V
12.6.3 31V‐40V
12.6.4 21V‐30V
12.6.5 10V‐20V
12.6.6 9V and Below
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 Permanent Magnet Synchronous Motor Market Size Forecast by Applications
12.10.1 Automation
12.10.2 Consumer Electronics
12.10.3 Residential & Commercial
12.10.4 Automotive & Transportation
12.10.5 Lab Equipment
12.10.6 Medical
12.10.7 Military/Aerospace
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) Permanent Magnet Synchronous Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Permanent Magnet Synchronous 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) Permanent Magnet Synchronous Motor Market Size Forecast by Type
13.6.1 Above 60V
13.6.2 41V‐60V
13.6.3 31V‐40V
13.6.4 21V‐30V
13.6.5 10V‐20V
13.6.6 9V and Below
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) Permanent Magnet Synchronous Motor Market Size Forecast by Applications
13.10.1 Automation
13.10.2 Consumer Electronics
13.10.3 Residential & Commercial
13.10.4 Automotive & Transportation
13.10.5 Lab Equipment
13.10.6 Medical
13.10.7 Military/Aerospace
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 Permanent Magnet Synchronous Motor Market: Competitive Dashboard
14.2 Global Permanent Magnet Synchronous Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DRS Technologies
14.3.2 Emerson
14.3.3 General Electric
14.3.4 Siemens AG
14.3.5 Mitsubishi Electric
14.3.6 Toshiba Corp
14.3.7 Ningbo volcanic electric co.,LTD
14.3.8 Electric Motor Solutions
14.3.9 ElectroCraft, Inc
14.3.10 ARC Systems, Inc
14.3.11 WEG Electric Corp
14.3.12 Rex Engineering Corp
