Permanent Magnet Synchronous Motors Market
Permanent Magnet Synchronous Motors Market Study by 375 to 450 kW, 450 to 600 kW, and Above 600 kW for Electronics, Automotive, Oil & Gas, Marine, Defense, Power, and Mining from 2023 to 2033
Analysis of Permanent Magnet Synchronous Motors Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Permanent Magnet Synchronous Motors Market Outlook (2023 to 2033)
Worldwide sales of permanent magnet synchronous motors are predicted to increase at a CAGR of 4.2% from 2023 to 2033. The global permanent magnet synchronous motors market is thus expected to increase from a valuation of US$ 28.5 billion in 2023 to US$ 43 billion by 2033-end.
A permanent magnet synchronous motor is an AC synchronous motor in which field excitation is provided by permanent magnets. It has a sinusoidal back electromotive (EMF) waveform. Permanent magnet synchronous motors are widely used in various end-use industries.
Permanent magnet synchronous motors can run at very high speeds and be electronically controlled. The market for permanent magnet synchronous motors is being driven by the positive characteristics of these motors, which have gradually made them the best option for automotive components.
Global demand for permanent magnet synchronous motors is increasing as a result of the emergence of environmentally friendly cars. A green vehicle sometimes referred to as a clean vehicle or an eco-friendly vehicle, is a road motor vehicle that has less environmental impact than equivalent diesel-powered or alternative fuel vehicles with conventional internal combustion engines. Demand for green vehicles is rising as a result of their zero-emission and fuel efficiency criteria.
It is also anticipated that the permanent magnet synchronous motors market will be impacted by the rising demand for HVAC equipment. It is primarily fueled by growing average construction spending, rapid urbanization, and rising disposable income in several economies. The adoption of permanent magnet synchronous motors in HVAC equipment is also being fueled by the rising minimum energy efficiency regulations for equipment and appliances.
The efficiency and output power of permanent magnet synchronous motors have significantly increased thanks to the rapid development of permanent magnet (PM) manufacturing technologies. As a result, many industrial fields are now switching over to high-speed direct-drive permanent magnet synchronous motors instead of conventional mechanical gear transmission systems.
A major factor boosting market growth is the introduction of novel design and technological advancements in the machinery sector. In addition, the expanding use of permanent magnet synchronous motors for their quick acceleration and high power density characteristics will further contribute to market expansion.
Compared to conventional non-magnetic motors, permanent magnet synchronous motors are much more efficient and quieter. The growing usage of such motors in the automotive industry is driving market revenue.
For high-performance and high-efficiency motor drives, permanent magnet synchronous motors are employed. To operate with permanent magnets, permanent magnet synchronous motors need a digitally controlled inverter.
| Report Attributes | Details |
|---|---|
| Market Size (2023) | US$ 28.5 Billion |
| Projected Market Value (2033) | US$ 43 Billion |
| Global Market Growth Rate (2023 to 2033) | 4.2% CAGR |
| Market Share of Interior Permanent Magnet Synchronous Motors | 60% |
| Key Companies Profiled | Nidec Corporation; Autotrol Corporation; Alstom; AMETEK, Inc.; Hansen Corporation; Emerson Global; ABB Ltd.; Rockwell Automation; General Electric; Siemens AG; Toshiba International Corporation; YASA Limited; Xizi Forvorda |
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What is Boosting Permanent Magnet Synchronous Motors Market Value?
“Constant Technological Advancements Coupled with R&D for Innovative Design Concepts”
Electric motors are widely utilized to transform electrical energy into mechanical energy. Synchronous and asynchronous motors are currently some of the most well-liked classifications of AC motors. Permanent magnet synchronous motors are one of the various types of synchronous motors that have grown to be widely employed in many end-use industries.
Traditional synchronous machines use AC and DC power supplies to run. However, permanent magnet synchronous motors only need an AC supply to run, which is a significant element that has significantly increased demand.
Moreover, consistent technological advancements coupled with research and development for innovative design concepts have benefited the market with the introduction of several types of permanent magnet synchronous motors such as axial field and radial field permanent magnet synchronous motors. Additionally, the market is seeing chances for growth due to rising product innovation, the trend toward energy-efficient motors, and new robotic technologies.
The permanent magnet synchronous motors market is pushed by expanding industrial demand for things such as energy renewables in numerous end-use industries, a rising need for electric motor reliability, and a growing preference for compact machine sizes. Because permanent magnet synchronous motors are more effective, lighter, and more compact than induction motors, they have reduced operating costs. They release less CO2 into the atmosphere as well.
Permanent magnet synchronous motors utilize less energy, are more efficient than other electric motors, and have excellent heat dissipation properties. Permanent magnet motors are used in a range of industrial applications to boost machine performance. Several benefits, such as the ability to operate at greater temperatures and lower bearing currents, are driving the market.
“Emergence of Novel Magnetic Materials and Rare Earth Elements”
New developments in permanent magnet synchronous motors with the emergence of novel magnetic materials and rare earth elements are boosting market growth. Additionally, the present generation of motion management systems can greatly benefit from the use of permanent magnet synchronous motors in their design.
Key players in the market are concentrating on quality control for developing energy-efficient permanent magnet synchronous motors that are made from permanent magnet materials that have a high magnetic flux density as a result of growing concerns about environmental degradation. Increasing robotics technology integration is anticipated to present significant potential for the major market participants.
What May Slightly Decrease the Demand for Permanent Magnet Synchronous Motors?
“Complexity of Production Process and High Cost of Permanent Magnet Synchronous Motors”
In permanent magnet synchronous motors, the only source is the AC supply on the stator. So, controlling the AC supply on the stator becomes the only way to control the motor. This requires a complex control system, including power electronics and microcontrollers which makes controlling a permanent magnet synchronous motor challenging for end users.
Pricing trends indicate that with enhancement in the performance of permanent magnet synchronous motors, cost also increases. So, the high initial cost and complex control of these motors are forecast to limit market growth.
Rare earth elements, a necessary component for the production of permanent magnet motors but with limited magnetic capability, could restrain market expansion. The extraction of neodymium, a rare earth element needed in the production of permanent magnet motors, is highly expensive, which may have a detrimental impact on the market expansion.
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Which Region Holds a Dominating Position in this Industry?
“Launch of New Projects in Oil & Gas, Marine, and Defense Industries in Asia Pacific”
Asia Pacific accounts for 50% share of the global market. The launch of new projects in the oil and gas, marine, and defense industries, an increase in investments by key market players, and increasing usage of PMSM in electric vehicles are the elements propelling market growth in the region. Growing renewable energy capacities are anticipated to contribute to the expansion of the power production sector in the region.
Country-wise Insights
What Makes the United States a Leading Market for Permanent Magnet Synchronous Motors?
“Increase in Government Projects to Establish Energy-efficient and Sustainable Environment”
Growing usage of permanent magnet synchronous motors by high-end consumers and the strong wind energy industry is expected to expand are expected to accelerate market expansion in the United States. Market growth in the country is driven by the increase in government projects to establish an energy-efficient and sustainable environment.
Why is Germany a High Potential Market for Permanent Magnet Synchronous Motor Manufacturers?
“Rapid Expansion of Automotive Industry”
Surging demand for high-performance environment-friendly permanent magnet synchronous motors is boosting market value in Germany. The rapid expansion of the automotive industry and expanding production of electronics are driving the PMSM market growth in Germany.
Why is Japan Seeing High Sales of Permanent Magnet Synchronous Motors?
“Rising Adoption of Electrical Vehicles in Japan”
It is anticipated that market growth in Japan would be aided by the rise in small and medium-sized businesses. Due to the rapidly expanding manufacturing industries, several market players are concentrating on moving their production units to the country.
The high adoption of electrical vehicles is driving the demand for permanent magnet synchronous motors in the industry. A rise in the local supply of electric vehicles is attributed to strict regulations on car emissions and growing concern over CO2 emissions.
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Category-wise Insights
Why is Demand for Interior Permanent Magnet Synchronous Motors Gaining Ground?
“Interior Permanent Magnet Synchronous Motors Widely Used in Many Applications that Demand High Speeds”
By type, the market is segmented into surface and interior. Interior permanent magnet synchronous motors account for 60% share of the global market. Permanent magnets are extensively used in rotors by being embedded within the rotor laminations; this arrangement is known as an interior permanent magnet synchronous motor. These motors are used in many applications that demand high speeds.
Which End Use Accounts for High Usage of Permanent Magnet Synchronous Motors?
“Huge Adoption of Permanent Magnet Synchronous Motors in Automotive Industry Due to Their Exceptional Durability”
Based on end use, the market is divided into electrical & electronics, automotive, oil & gas, marine, defense, power, mining, and others. Worldwide, the use of permanent magnet synchronous motors in the automotive industry is rising. Due to their low prices, great efficiency, and exceptional durability, permanent magnet synchronous motors have become increasingly common.
The high adoption of permanent magnet synchronous motors in the automotive industry is attributed to the rising popularity of electric vehicles and the expanding trend of energy-efficient motors. Other benefits of permanent magnet synchronous motors that have contributed to their exponential rise in popularity in the automotive industry include effective heat dissipation, superior dependability to alternatives to asynchronous motors, minimum rotor inertia, and high torque.
Competitive Landscape
Leading vendors are releasing power-efficient motors following safety regulations for use in several end-use industries. Top permanent magnet synchronous motor providers are enhancing product standards and focusing on supply chain management to grow their market share. Major companies are gradually increasing their resources and involvement in innovative initiatives, as well as their partnerships with other key players.
For instance:
- In 2020, ABB was acquired by Hitachi for an amount of US$ 7.8 billion. Hitachi wants to solve the issues with distributed energy and renewable energy in the power sector. Leading technological company ABB promotes societal and industrial change for a more prosperous and sustainable future.
- In 2021, Siemens and Mercedes-Benz established a strategic collaboration for sustainable automotive production to collaborate on improving digitalization and automation in the automotive industry.
Segmentation of Permanent Magnet Synchronous Motors Industry Research
-
By Type:
- Surface
- Interior
-
By Capacity:
- 375 to 450 kW
- 450 to 600 kW
- Above 600 kW
-
By Control:
- Trapezoidal
- Sinusoidal
-
By End Use:
- Electrical & Electronics
- Automotive
- Oil & Gas
- Marine
- Defense
- Power
- Mining
- Others
-
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks & Trends Assessment
- 4. Key Market Trends
- 5. Market Background
- 6. Global Market – Price Point Analysis
- 7. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 8. Global Market Demand (in Value or Size in US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
- 9.1. 375-450 kW
- 9.2. 450-600 kW
- 9.3. Above 600 kW
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
- 10.1. Surface
- 10.2. Interior
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Control
- 11.1. Trapezoidal
- 11.2. Sinusoidal
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use
- 12.1. Electrical & Electronics
- 12.2. Aerospace & Automotive
- 12.3. Oil & Gas
- 12.4. Marine
- 12.5. Defense
- 12.6. Power
- 12.7. Mining
- 12.8. Others
- 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 13.1. North America
- 13.2. Latin America
- 13.3. Europe
- 13.4. East Asia
- 13.5. South Asia
- 13.6. Oceania
- 13.7. MEA (Middle East and Africa)
- 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, Country Analysis
- 22. Market Structure Analysis
- 23. Company Profiles
- 23.1. ABB Ltd.
- 23.2. Alstrom
- 23.3. ATE antriebstechnik undentwicklungs GmbH & Co. KG
- 23.4. General Electric
- 23.5. Hansen Corporation
- 23.6. Hitachi, Ltd.
- 23.7. Meidensha Corporation
- 23.8. Nidec Corporation
- 23.9. OEMER MOTORI ELETTRICI S.P.A.
- 23.10. Siemens AG
- 23.11. Rolls Royce Plc
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List Of Table
Table 01: Global Market Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 02: Global Market Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 03: Global Market Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 04: Global Market Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 05: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 06: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 07: Global Market Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 08: Global Market Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 09: Global Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 10: Global Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 11: North America Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 12: North America Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 13: North America Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 14: North America Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 15: North America Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 16: North America Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 17: North America Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 18: North America Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 19: North America Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 20: North America Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 21: Latin America Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 22: Latin America Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 23: Latin America Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 24: Latin America Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 25: Latin America Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 26: Latin America Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 27: Latin America Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 28: Latin America Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 29: Latin America Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 30: Latin America Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 31: Europe Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 32: Europe Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 33: Europe Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 34: Europe Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 35: Europe Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 36: Europe Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 37: Europe Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 38: Europe Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 39: Europe Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 40: Europe Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 41: East Asia Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 42: East Asia Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 43: East Asia Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 44: East Asia Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 45: East Asia Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 46: East Asia Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 47: East Asia Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 48: East Asia Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 49: East Asia Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 50: East Asia Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 51: South Asia Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 52: South Asia Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 53: South Asia Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 54: South Asia Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 55: South Asia Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 56: South Asia Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 57: South Asia Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 58: South Asia Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 59: South Asia Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 60: South Asia Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 61: Oceania Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 62: Oceania Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 63: Oceania Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 64: Oceania Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 65: Oceania Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 66: Oceania Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 67: Oceania Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 68: Oceania Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 69: Oceania Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 70: Oceania Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
Table 71: MEA Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 72: MEA Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 73: MEA Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2018 to 2022
Table 74: MEA Value (US$ Mn) and Volume (Units) Analysis, By Capacity, 2023 to 2033
Table 75: MEA Value (US$ Mn) and Volume (Units) Analysis, By Type, 2018 to 2022
Table 76: MEA Value (US$ Mn) and Volume (Units) Analysis, By Type, 2023 to 2033
Table 77: MEA Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2018 to 2022
Table 78: MEA Value (US$ Mn) and Volume (Units) Analysis, by Capacity, 2023 to 2033
Table 79: MEA Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2018 to 2022
Table 80: MEA Value (US$ Mn) and Volume (Units) Analysis, By End-use, 2023 to 2033
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List Of Figures
Figure 01: Global Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 02: Global Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2016 to 2033
Figure 04: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 05: Global Market Share and BPS Analysis By Capacity, 2023 & 2033
Figure 06: Global Market Y-o-Y Growth Projections By Capacity, 2023 to 2033
Figure 07: Global Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 08: Global Market Share and BPS Analysis By Type, 2023 & 2033
Figure 09: Global Market Y-o-Y Growth Projections By Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis By Type, 2023 to 2033
Figure 11: Global Market Share and BPS Analysis by Component, 2023 & 2033
Figure 12: Global Market Y-o-Y Growth Projections by Component, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Component, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis By End-use, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections By End-use, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 17: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 19: Global Market Attractiveness Index by Region, 2023 to 2033
Figure 20: North America Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 21: North America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 22: North America Market Share Analysis by Country, 2023 & 2033
Figure 23: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: North America Market Share Analysis By Capacity, 2023 & 2033
Figure 26: North America Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 27: North America Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 28: North America Market Share Analysis By Type, 2023 & 2033
Figure 29: North America Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 30: North America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 31: North America Market Share Analysis by Component, 2023 & 2033
Figure 32: North America Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 33: North America Market Attractiveness Analysis by Component, 2023 to 2033
Figure 34: North America Market Share Analysis By End-use, 2023 & 2033
Figure 35: North America Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 36: North America Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 37: Latin America Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 38: Latin America Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 39: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 40: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 41: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 42: Latin America Market Share Analysis By Capacity, 2023 & 2033
Figure 43: Latin America Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 44: Latin America Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 45: Latin America Market Share Analysis By Type, 2023 & 2033
Figure 46: Latin America Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 47: Latin America Market Attractiveness Analysis By Type, 2023 to 2033
Figure 48: Latin America Market Share Analysis by Component, 2023 & 2033
Figure 49: Latin America Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 50: Latin America Market Attractiveness Analysis by Component, 2023 to 2033
Figure 51: Latin America Market Share Analysis By End-use, 2023 & 2033
Figure 52: Latin America Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 53: Latin America Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 54: Europe Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 55: Europe Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 56: Europe Market Share Analysis by Country, 2023 & 2033
Figure 57: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 58: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 59: Europe Market Share Analysis By Capacity, 2023 & 2033
Figure 60: Europe Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 61: Europe Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 62: Europe Market Share Analysis By Type, 2023 & 2033
Figure 63: Europe Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 64: Europe Market Attractiveness Analysis By Type, 2023 to 2033
Figure 65: Europe Market Share Analysis by Component, 2023 & 2033
Figure 66: Europe Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 67: Europe Market Attractiveness Analysis by Component, 2023 to 2033
Figure 68: Europe Market Share Analysis By End-use, 2023 & 2033
Figure 69: Europe Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 70: Europe Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 71: East Asia Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 72: East Asia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 73: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 74: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 75: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 76: East Asia Market Share Analysis By Capacity, 2023 & 2033
Figure 77: East Asia Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 78: East Asia Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 79: East Asia Market Share Analysis By Type, 2023 & 2033
Figure 80: East Asia Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 81: East Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 82: East Asia Market Share Analysis by Component, 2023 & 2033
Figure 83: East Asia Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 84: East Asia Market Attractiveness Analysis by Component, 2023 to 2033
Figure 85: East Asia Market Share Analysis By End-use, 2023 & 2033
Figure 86: East Asia Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 87: East Asia Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 88: South Asia Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 89: South Asia Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 90: South Asia Market Share Analysis by Country, 2023 & 2033
Figure 91: South Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 92: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 93: South Asia Market Share Analysis By Capacity, 2023 & 2033
Figure 94: South Asia Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 95: South Asia Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 96: South Asia Market Share Analysis By Type, 2023 & 2033
Figure 97: South Asia Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 98: South Asia Market Attractiveness Analysis By Type, 2023 to 2033
Figure 99: South Asia Market Share Analysis by Component, 2023 & 2033
Figure 100: South Asia Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 101: South Asia Market Attractiveness Analysis by Component, 2023 to 2033
Figure 102: South Asia Market Share Analysis By End-use, 2023 & 2033
Figure 103: South Asia Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 104: South Asia Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 105: Oceania Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 106: Oceania Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 107: Oceania Market Share Analysis by Country, 2023 & 2033
Figure 108: Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 109: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 110: Oceania Market Share Analysis By Capacity, 2023 & 2033
Figure 111: Oceania Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 112: Oceania Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 113: Oceania Market Share Analysis By Type, 2023 & 2033
Figure 114: Oceania Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 115: Oceania Market Attractiveness Analysis By Type, 2023 to 2033
Figure 116: Oceania Market Share Analysis by Component, 2023 & 2033
Figure 117: Oceania Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 118: Oceania Market Attractiveness Analysis by Component, 2023 to 2033
Figure 119: Oceania Market Share Analysis By End-use, 2023 & 2033
Figure 120: Oceania Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 121: Oceania Market Attractiveness Analysis By End-use, 2023 to 2033
Figure 122: MEA Market Value (US$ Mn), Volume (Units) Historical Analysis, 2018 to 2022
Figure 123: MEA Market Value (US$ Mn), Volume (Units) Forecast and Analysis, 2023 to 2033
Figure 124: MEA Market Share Analysis by Country, 2023 & 2033
Figure 125: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 126: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 127: MEA Market Share Analysis By Capacity, 2023 & 2033
Figure 128: MEA Market Y-o-Y Growth Projection By Capacity, 2023 to 2033
Figure 129: MEA Market Attractiveness Analysis By Capacity, 2023 to 2033
Figure 130: MEA Market Share Analysis By Type, 2023 & 2033
Figure 131: MEA Market Y-o-Y Growth Projection By Type, 2023 to 2033
Figure 132: MEA Market Attractiveness Analysis By Type, 2023 to 2033
Figure 133: MEA Market Share Analysis by Component, 2023 & 2033
Figure 134: MEA Market Y-o-Y Growth Projection by Component, 2023 to 2033
Figure 135: MEA Market Attractiveness Analysis by Component, 2023 to 2033
Figure 136: MEA Market Share Analysis By End-use, 2023 & 2033
Figure 137: MEA Market Y-o-Y Growth Projection By End-use, 2023 to 2033
Figure 138: MEA Market Attractiveness Analysis By End-use, 2023 – 2033
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- FAQs -
What is the estimated CAGR for the permanent magnet synchronous motors market?
Sales of permanent magnet synchronous motors are expected to increase at a CAGR of 4.2% through 2033.
Which is the most dominant regional market for permanent magnet synchronous motors?
Asia Pacific accounts for 50% share of the global permanent magnet synchronous motors market.
What is the predicted size of the global market for 2033?
Demand for permanent magnet synchronous motors is estimated to reach US$ 43 billion by 2033.
What is stimulating the demand for permanent magnet synchronous motors?
Rapid expansion of automotive industry and growing demand for energy-efficient motors are driving market growth.
Who are the top permanent magnet synchronous motor manufacturers?
Nidec Corporation, Autotrol Corporation, and Alstom are major permanent magnet synchronous motor producers.
Permanent Magnet Synchronous Motors Market