Permanent Magnet Synchronous Motor (PMSM) Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Permanent Magnet Synchronous Motor PMSM market report by The Business Research Company, the emergence of green vehicles is significantly contributing to the growth of the permanent magnet synchronous motor (PMSM) market. A green vehicle, also known as a clean vehicle or an eco-friendly vehicle, is a road motor vehicle that has fewer negative environmental effects than comparable conventional internal combustion engine vehicles that are powered by diesel, or alternative fuel vehicles.

The global permanent magnet synchronous motor (PMSM) market size grew from $23.77 billion in 2022 to $27.44 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The permanent magnet synchronous motor (PMSM) market size is expected to grow to $48.6 billion in 2027 at a CAGR of 15.4%.

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Major competitors in the Permanent Magnet Synchronous Motor PMSM market include Siemens AG, Mitsubishi Electric Corporation, Toshiba Corp., Hitachi, ABB, Bosch, MEIDENSHA, CONTINENTAL, ALSTOM

The Permanent Magnet Synchronous Motor PMSM market is segmented -
• By Type: Surface, Interior
• By Capacity: 375-450 kW, 450-600 kW, Above 600 kW
• By Voltage Range: Above 60V, 41V60V, 31V40V, 21V30V, 10V20V, 9V and below
• By Application: Automation, Consumer Electronics, Residential and Commercial, Automotive and Transportation, Lab Equipment, Medical, Military and Aerospace
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Permanent Magnet Synchronous Motor PMSM market.

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The permanent magnet synchronous motor (PMSM) are used for high-efficiency and high-performance motor drives. The permanent magnet synchronous motor refers to an AC synchronous motor for which field excitation is provided by permanent magnets and has a sinusoidal back EMF waveform. PMSM can generate torque at zero speed, but it requires a digitally controlled inverter for operations with permanent magnets.

The Table Of Content For The Permanent Magnet Synchronous Motor PMSM Market Include:
1. Executive Summary
2. Permanent Magnet Synchronous Motor (PMSM) Market Characteristics
3. Permanent Magnet Synchronous Motor (PMSM) Market Trends And Strategies
4. Permanent Magnet Synchronous Motor (PMSM) Market - Macro Economic Scenario
5. Permanent Magnet Synchronous Motor (PMSM) Market Size And Growth
6. Permanent Magnet Synchronous Motor (PMSM) Market Segmentation
.................
26. Africa Permanent Magnet Synchronous Motor (PMSM) Market
27. Permanent Magnet Synchronous Motor (PMSM) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Permanent Magnet Synchronous Motor (PMSM) Market
29. Permanent Magnet Synchronous Motor (PMSM) Market Future Outlook and Potential Analysis
30. Appendix

The "Global Permanent Magnet Synchronous Motor PMSM Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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