Press release
Worldwide Sales Of Permanent Magnet Synchronous Motors Are Predicted To Increase At A CAGR Of 4.2% By 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.The report also provides a comprehensive analysis of the key market segments and sub-segments, along with their respective CAGR and market share. The report further provides an in-depth analysis of the regional markets for Permanent Magnet Synchronous Motors Market Insights. The regional markets are further segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.
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"Complexity of Production Process and High Cost of Permanent Magnet Synchronous Motors"
Permanent magnet synchronous motors (PMSMs) are becoming increasingly popular in industrial applications due to their high efficiency and power density. However, the complexity of the production process and the high cost of these motors can be a major obstacle for their widespread adoption. The production process of PMSMs is complex due to the need for precise machining and assembly of components. The magnets used in these motors must be carefully aligned and secured in order to ensure optimal performance. Additionally, the winding process requires a high degree of accuracy in order to achieve the desired torque and speed characteristics. All these steps require specialized equipment and skilled personnel, which increases the cost of production.
The cost of PMSMs is also affected by the materials used in their construction. Rare earth magnets are expensive, as they are difficult to extract from their natural sources. Additionally, copper wire is also costly due to its high electrical conductivity requirements. All these factors contribute to the overall cost of PMSMs, making them more expensive than other types of motors. In conclusion, the complexity of production process and high cost of permanent magnet synchronous motors can be a major obstacle for their widespread adoption in industrial applications. However, with advances in technology and manufacturing processes, it is possible that these costs will decrease over time, making PMSMs more accessible for use in various applications.
Permanent Magnet Synchronous Motors Market Insights Segmentation
By Region
• North America
• Europe
• East Asia
• South Asia
• Latin America
• Oceani
• Middle East & Africa
By Control
• Trapezoidal
o Open Loop
o Closed Loop
• Sinusoidal
o Scalar
o Vector
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Key Companies
• 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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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Global Market - Regional Overview
1.3. Global Market - Opportunity Assessment
1.4. Analysis and Recommendations by Fact.MR
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks & Trends Assessment
3.1. Impact of COVID-19 Crisis on Industrial Sector
3.2. Impact of COVID-19 Crisis on Capacityion and Demand
3.3. Impact of COVID-19 Crisis on Prices
3.4. COVID-19 Impact Benchmark with Previous Crisis
3.5. Impact on Market Value (US$ Mn)
3.5.1. Likely Loss of Value in 2023
3.5.2. Mid-term and Long Term Forecast
3.5.3. Quarter by Quarter Dip and Recovery Assessment
3.6. Recovery Period Assessment by Key Countries
3.7. Action Points and Recommendation for Manufacturers and Suppliers
For More Insights- https://www.einpresswire.com/article/556416978/sales-of-upper-extremity-prosthetics-is-all-set-to-witness-a-healthy-cagr-of-6-through-the-forecast-period
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