Permanent Magnet Synchronous Motor (PMSM) Market Top Companies, Key Segments and Forecast Period

The Permanent Magnet Synchronous Motor (PMSM) Market is expected to garner $31.1 billion by 2022, registering a CAGR of 10.9% from 2016-2022. Asia-Pacific is expected to dominate the PMSM market in terms of revenue as well as volume, during the forecast period, due to ample availability of low-cost raw materials, improved government regulations, and increased spending power of customers.

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Top Companies
Baldor Electric Company, General Electric Company, and Siemens AG. These players focus on the development of new technology, launch of novel products with innovative variations, and acquisition as their key strategies to strengthen their position in the market.

PMSMs are widely used in automation, consumer electronics, medical and lab equipment, and automotive amongst others. The automation sector is a significant revenue contributor to the PMSM market, accounting for over 30% of the overall revenue throughout the analysis period. This is attributable to the prominent role played by PMSM in the motion-control applications owing to its functionalities such as high efficiency, compact size, high power, and high torque-to-inertia ratio. From a revenue growth perspective, lab equipment would be the most lucrative application sector, owing to the to the high demand for PMSM from lab equipment manufacturers due to its high torque, speed, and reliability. PMSMs within the voltage range of 21V30V are anticipated to be the leading revenue generators.

Segmental study is provided (real time and forecast) in both quantitative and qualitative facets. These aids the clients in identifying the most productive segment to keep on with investments, along with short-term acknowledgement of the operating enterprises and their key developmental undertakings. 

The segment is expected to contribute over 20% of the market revenue, throughout the analysis period. This is due to increased use of PMSM machine tools which reduce the vibrations in machines. Also, these machine tools have witnessed significant growth due to high demand for industrial machines from small and medium enterprises, particularly in the developing countries. In terms of volume, 10V-20V would account for the largest units shipped during the forecast period. PMSM of this range provides high efficiency, requires low-operating temperature, and reduces the weight of motors. Thus, their suitability across the varied applications would continue to supplement their market growth.

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