The global permanent magnet synchronous motors market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.4 billion in 2018. The growth of this market is driven by the increasing demand for automation and consumer electronics applications, which are expected to drive the demand for permanent magnet synchronous motors (PMSM) in these applications.
On the basis of type: Above 60V, 41V?60V, 31V?40V, 21V?30V, 10-20 V and 9 V below; On the basis of application: Automation & Consumer Electronics; Residential & Commercial; Automotive & Transportation; Lab Equipment; Medical; Military/Aerospace On the basis of region: North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
Some Of The Growth Factors Of This Market:
- The demand for electric vehicles is expected to increase in the coming years, which will lead to an increased demand for PMSM motors.
- The use of PMSM motors in wind turbines has been increasing due to their high efficiency and low maintenance costs.
- The use of PMSM motors in hybrid vehicles is also expected to increase as they are more efficient than other types of electric motors and have a higher power density than other types of electric motors, which means that they can be used in smaller cars with less weight penalty.
- There are many new applications for PMSM motors such as the use of them as generators or pumps, which will lead to an increased demand for these products over time.
- As the cost per watt decreases, there will be a greater need for these products because they are more efficient than other types of electric motor.
Industry Growth Insights published a new data on “Permanent Magnet Synchronous Motors Market”. The research report is titled “Permanent Magnet Synchronous Motors Market research by Types (Above 60V, 41V?60V, 31V?40V, 21V?30V, 10V?20V, 9V and below), By Applications (Automation, Consumer Electronics, Residential & Commercial, Automotive & Transportation, Lab Equipment, Medical, Military/Aerospace), By Players/Companies Baldor Electric Company, Inc., Rockwell Automation, Inc., Siemens AG, Toshiba Corporation, Hitachi Ltd., Emerson Electric Corp., Johnson Electric, DRS Technologies Inc., General Electric Company, Mitsubishi Electric Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Permanent Magnet Synchronous Motors 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
Baldor Electric Company, Inc., Rockwell Automation, Inc., Siemens AG, Toshiba Corporation, Hitachi Ltd., Emerson Electric Corp., Johnson Electric, DRS Technologies Inc., General Electric Company, Mitsubishi Electric Corporation
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Permanent Magnet Synchronous Motors Market Report Segments:
The global Permanent Magnet Synchronous Motors 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:
- Baldor Electric Company, Inc.
- Rockwell Automation, Inc.
- Siemens AG
- Toshiba Corporation
- Hitachi Ltd.
- Emerson Electric Corp.
- Johnson Electric
- DRS Technologies Inc.
- General Electric Company
- Mitsubishi Electric Corporation
Highlights of The Permanent Magnet Synchronous Motors 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 Motors 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?
Permanent Magnet Synchronous Motors (PMSM) are a type of electric motor that uses permanent magnets to create rotational motion. The motors are typically used in applications where high speed and torque are required, such as in industrial machinery or vehicles.
Some of the major companies in the permanent magnet synchronous motors market are Baldor Electric Company, Inc., Rockwell Automation, Inc., Siemens AG, Toshiba Corporation, Hitachi Ltd., Emerson Electric Corp., Johnson Electric, DRS Technologies Inc., General Electric Company, Mitsubishi Electric Corporation.
The permanent magnet synchronous motors market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Permanent Magnet Synchronous Motors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Permanent Magnet Synchronous Motors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Permanent Magnet Synchronous Motors Market - Supply Chain
4.5. Global Permanent Magnet Synchronous Motors Market Forecast
4.5.1. Permanent Magnet Synchronous Motors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Permanent Magnet Synchronous Motors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Permanent Magnet Synchronous Motors Market Absolute $ Opportunity
5. Global Permanent Magnet Synchronous Motors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Type
5.3.1. Above 60V
5.3.2. 41V?60V
5.3.3. 31V?40V
5.3.4. 21V?30V
5.3.5. 10V?20V
5.3.6. 9V and below
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Permanent Magnet Synchronous Motors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Application
6.3.1. Automation
6.3.2. Consumer Electronics
6.3.3. Residential & Commercial
6.3.4. Automotive & Transportation
6.3.5. Lab Equipment
6.3.6. Medical
6.3.7. Military/Aerospace
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Permanent Magnet Synchronous Motors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Permanent Magnet Synchronous Motors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Permanent Magnet Synchronous Motors Demand Share Forecast, 2019-2026
9. North America Permanent Magnet Synchronous Motors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Application
9.4.1. Automation
9.4.2. Consumer Electronics
9.4.3. Residential & Commercial
9.4.4. Automotive & Transportation
9.4.5. Lab Equipment
9.4.6. Medical
9.4.7. Military/Aerospace
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Type
9.7.1. Above 60V
9.7.2. 41V?60V
9.7.3. 31V?40V
9.7.4. 21V?30V
9.7.5. 10V?20V
9.7.6. 9V and below
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Permanent Magnet Synchronous Motors Demand Share Forecast, 2019-2026
10. Latin America Permanent Magnet Synchronous Motors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Application
10.4.1. Automation
10.4.2. Consumer Electronics
10.4.3. Residential & Commercial
10.4.4. Automotive & Transportation
10.4.5. Lab Equipment
10.4.6. Medical
10.4.7. Military/Aerospace
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Type
10.7.1. Above 60V
10.7.2. 41V?60V
10.7.3. 31V?40V
10.7.4. 21V?30V
10.7.5. 10V?20V
10.7.6. 9V and below
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Permanent Magnet Synchronous Motors Demand Share Forecast, 2019-2026
11. Europe Permanent Magnet Synchronous Motors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Application
11.4.1. Automation
11.4.2. Consumer Electronics
11.4.3. Residential & Commercial
11.4.4. Automotive & Transportation
11.4.5. Lab Equipment
11.4.6. Medical
11.4.7. Military/Aerospace
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Permanent Magnet Synchronus Motors Market Size and Volume Forecast by Type
11.7.1. Above 60V
11.7.2. 41V?60V
11.7.3. 31V?40V
11.7.4. 21V?30V
11.7.5. 10V?20V
11.7.6. 9V and below
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Permanent Magnet Synchronous Motors Demand Share, 2019-2026
12. Asia Pacific Permanent Magnet Synchronous Motors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Application
12.4.1. Automation
12.4.2. Consumer Electronics
12.4.3. Residential & Commercial
12.4.4. Automotive & Transportation
12.4.5. Lab Equipment
12.4.6. Medical
12.4.7. Military/Aerospace
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Type
12.7.1. Above 60V
12.7.2. 41V?60V
12.7.3. 31V?40V
12.7.4. 21V?30V
12.7.5. 10V?20V
12.7.6. 9V and below
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Permanent Magnet Synchronous Motors Demand Share, 2019-2026
13. Middle East & Africa Permanent Magnet Synchronous Motors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Permanent Magnet Synchronous Motors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Application
13.4.1. Automation
13.4.2. Consumer Electronics
13.4.3. Residential & Commercial
13.4.4. Automotive & Transportation
13.4.5. Lab Equipment
13.4.6. Medical
13.4.7. Military/Aerospace
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Permanent Magnet Synchronous Motors Market Size and Volume Forecast by Type
13.7.1. Above 60V
13.7.2. 41V?60V
13.7.3. 31V?40V
13.7.4. 21V?30V
13.7.5. 10V?20V
13.7.6. 9V and below
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Permanent Magnet Synchronous Motors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Permanent Magnet Synchronous Motors Market: Market Share Analysis
14.2. Permanent Magnet Synchronous Motors Distributors and Customers
14.3. Permanent Magnet Synchronous Motors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baldor Electric Company, Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rockwell Automation, Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Toshiba Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Emerson Electric Corp.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Johnson Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DRS Technologies Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Electric Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi Electric Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
