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Global Permanent Magnet Synchronous Motor (PMSM) Market Growth 2019-2024

03-31-2019 07:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Accurate Research Goal LLP

/ PR Agency: Global Permanent Magnet Synchronous Motor (PMSM) Market Growth 2019-2024
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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.

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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 US$ 15700 million by 2024, from US$ 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.

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