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.
With the development of technology, the global average price of Permanent Magnet Synchronous Motor is in the decreasing trend, from 15.37 USD/KW in 2011 to 14.27 USD/KW in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years.
Permanent Magnet Synchronous Motor is widely used in Industry & Automation, Automotive, Elevator and Other industry. The most proportion of Permanent Magnet Synchronous Motor is Industry & Automation, with 71.45% market share in 2015. Automotive is the most potential one with growth rate above 10%.
China is the largest consumption place of Permanent Magnet Synchronous Motor, with a consumption market share nearly 31.26% in 2015. RoA is the second largest consumption of Permanent Magnet Synchronous Motor, enjoying consumption market share nearly 19.76% in 2015.
According to this study, over the next five years the Permanent Magnet Synchronous Motor (PMSM) market will register a 8.0% CAGR in terms of revenue, the global market size will reach USD 15700 million by 2024, from USD 9870 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Permanent Magnet Synchronous Motor (PMSM) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnet Synchronous Motor (PMSM) market by product type, application, key manufacturers and key regions and countries.
This study considers the Permanent Magnet Synchronous Motor (PMSM) value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
<5Kw
5-10Kw
10-50Kw
?50Kw
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Elevator
Industry & Automation
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Mitsubishi Electric
HITACHI
ABB
SIEMENS AG
GE
Bosch
MEIDENSHA
JJE
CONTINENTAL
ALSTOM
BROAD-OCEAN
TOSHIBA
XIZI FORVORDA
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Permanent Magnet Synchronous Motor (PMSM) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Permanent Magnet Synchronous Motor (PMSM) market by identifying its various subsegments.
Focuses on the key global Permanent Magnet Synchronous Motor (PMSM) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Permanent Magnet Synchronous Motor (PMSM) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Permanent Magnet Synchronous Motor (PMSM) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.