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Permanent Magnet Synchronous Motor (PMSM)-Global Market Insights and Sales Trends 2025

Permanent Magnet Synchronous Motor (PMSM)-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1827179

No of Pages : 105

Synopsis
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.

The global Permanent Magnet Synchronous Motor (PMSM) market size is expected to reach US$ 22740 million by 2029, growing at a CAGR of 7.7% from 2023 to 2029. The market is mainly driven by the significant applications of Permanent Magnet Synchronous Motor (PMSM) in various end use industries. The expanding demands from the Automotive, Elevator, Industry & Automation and Others, are propelling Permanent Magnet Synchronous Motor (PMSM) market. Below 5Kw, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 5-10Kw segment is estimated at % CAGR for the next seven-year period.

The major players in global Permanent Magnet Synchronous Motor (PMSM) market include Mitsubishi Electric, HITACHI, ABB, etc. The top 3 players occupy about 20% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 70% of the global market. 10-50Kw is the main type, with a share about 40%. Industry & Automation is the main application, which holds a share about 60%.

Report Objectives

This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Permanent Magnet Synchronous Motor (PMSM), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

Key Features of The Study:

This report provides in-depth analysis of the global Permanent Magnet Synchronous Motor (PMSM) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.

This report profiles key players in the global Permanent Magnet Synchronous Motor (PMSM) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Permanent Magnet Synchronous Motor (PMSM) sales data, market share and ranking.

This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.

This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.

Key companies of Permanent Magnet Synchronous Motor (PMSM) covered in this report include Mitsubishi Electric, HITACHI, ABB, SIEMENS AG, GE, Bosch, MEIDENSHA, JJE and CONTINENTAL, etc.

The global Permanent Magnet Synchronous Motor (PMSM) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.

Market Segmentation

Company Profiles:

Mitsubishi Electric

HITACHI

ABB

SIEMENS AG

GE

Bosch

MEIDENSHA

JJE

CONTINENTAL

ALSTOM

BROAD-OCEAN

TOSHIBA

XIZI FORVORDA

Global Permanent Magnet Synchronous Motor (PMSM) market, by region:

North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Global Permanent Magnet Synchronous Motor (PMSM) market, Segment by Type:

Below 5Kw

5-10Kw

10-50Kw

Above 50Kw

Global Permanent Magnet Synchronous Motor (PMSM) market, by Application

Automotive

Elevator

Industry & Automation

Others

Core Chapters

Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Two: Detailed analysis of Permanent Magnet Synchronous Motor (PMSM) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter Three: Sales, revenue of Permanent Magnet Synchronous Motor (PMSM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter Twelve: Analysis of sales channel, distributors and customers.

Chapter Thirteen: Research Findings and Conclusion.
Index
1 Permanent Magnet Synchronous Motor (PMSM) Market Overview

1.1 Permanent Magnet Synchronous Motor (PMSM) Product Overview

1.2 Permanent Magnet Synchronous Motor (PMSM) Market Segment by Type

1.2.1 Below 5Kw

1.2.2 5-10Kw

1.2.3 10-50Kw

1.2.4 Above 50Kw

1.3 Global Permanent Magnet Synchronous Motor (PMSM) Market Size by Type

1.3.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size Overview by Type (2018-2029)

1.3.2 Global Permanent Magnet Synchronous Motor (PMSM) Historic Market Size Review by Type (2018-2023)

1.3.3 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Type (2024-2029)

1.4 Key Regions Market Size Segment by Type

1.4.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2018-2023)

1.4.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2018-2023)

1.4.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2018-2023)

1.4.4 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2018-2023)

1.4.5 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Type (2018-2023)

2 Global Permanent Magnet Synchronous Motor (PMSM) Market Competition by Company

2.1 Global Top Players by Permanent Magnet Synchronous Motor (PMSM) Sales (2018-2023)

2.2 Global Top Players by Permanent Magnet Synchronous Motor (PMSM) Revenue (2018-2023)

2.3 Global Top Players by Permanent Magnet Synchronous Motor (PMSM) Price (2018-2023)

2.4 Global Top Manufacturers Permanent Magnet Synchronous Motor (PMSM) Manufacturing Base Distribution, Sales Area, Product Type

2.5 Permanent Magnet Synchronous Motor (PMSM) Market Competitive Situation and Trends

2.5.1 Permanent Magnet Synchronous Motor (PMSM) Market Concentration Rate (2018-2023)

2.5.2 Global 5 and 10 Largest Manufacturers by Permanent Magnet Synchronous Motor (PMSM) Sales and Revenue in 2022

2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Permanent Magnet Synchronous Motor (PMSM) as of 2022)

2.7 Date of Key Manufacturers Enter into Permanent Magnet Synchronous Motor (PMSM) Market

2.8 Key Manufacturers Permanent Magnet Synchronous Motor (PMSM) Product Offered

2.9 Mergers & Acquisitions, Expansion

3 Permanent Magnet Synchronous Motor (PMSM) Status and Outlook by Region

3.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size and CAGR by Region: 2018 VS 2022 VS 2029

3.2 Global Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Region

3.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Region (2018-2023)

3.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Region (2018-2023)

3.2.3 Global Permanent Magnet Synchronous Motor (PMSM) Sales (Volume & Value) Price and Gross Margin (2018-2023)

3.3 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Region

3.3.1 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Region (2024-2029)

3.3.2 Global Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Region (2024-2029)

3.3.3 Global Permanent Magnet Synchronous Motor (PMSM) Sales (Volume & Value), Price and Gross Margin (2024-2029)

4 Global Permanent Magnet Synchronous Motor (PMSM) by Application

4.1 Permanent Magnet Synchronous Motor (PMSM) Market Segment by Application

4.1.1 Automotive

4.1.2 Elevator

4.1.3 Industry & Automation

4.1.4 Others

4.2 Global Permanent Magnet Synchronous Motor (PMSM) Market Size by Application

4.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Market Size Overview by Application (2018-2029)

4.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Historic Market Size Review by Application (2018-2023)

4.2.3 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Application (2024-2029)

4.3 Key Regions Market Size Segment by Application

4.3.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2018-2023)

4.3.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2018-2023)

4.3.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2018-2023)

4.3.4 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2018-2023)

4.3.5 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales Breakdown by Application (2018-2023)

5 North America Permanent Magnet Synchronous Motor (PMSM) by Country

5.1 North America Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Country

5.1.1 North America Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

5.1.2 North America Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2018-2023)

5.1.3 North America Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2018-2023)

5.2 North America Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Country

5.2.1 North America Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2024-2029)

5.2.2 North America Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2024-2029)

6 Europe Permanent Magnet Synchronous Motor (PMSM) by Country

6.1 Europe Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Country

6.1.1 Europe Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

6.1.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2018-2023)

6.1.3 Europe Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2018-2023)

6.2 Europe Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Country

6.2.1 Europe Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2024-2029)

6.2.2 Europe Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2024-2029)

7 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) by Region

7.1 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Region

7.1.1 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029

7.1.2 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Region (2018-2023)

7.1.3 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Region (2018-2023)

7.2 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Region

7.2.1 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Region (2024-2029)

7.2.2 Asia-Pacific Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Region (2024-2029)

8 Latin America Permanent Magnet Synchronous Motor (PMSM) by Country

8.1 Latin America Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Country

8.1.1 Latin America Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

8.1.2 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2018-2023)

8.1.3 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2018-2023)

8.2 Latin America Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Country

8.2.1 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2024-2029)

8.2.2 Latin America Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2024-2029)

9 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) by Country

9.1 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Historic Market Size by Country

9.1.1 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029

9.1.2 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2018-2023)

9.1.3 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2018-2023)

9.2 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Forecasted Market Size by Country

9.2.1 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales in Volume by Country (2024-2029)

9.2.2 Middle East and Africa Permanent Magnet Synchronous Motor (PMSM) Sales in Value by Country (2024-2029)

10 Company Profiles

10.1 Mitsubishi Electric

10.1.1 Mitsubishi Electric Company Information

10.1.2 Mitsubishi Electric Introduction and Business Overview

10.1.3 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.1.4 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.1.5 Mitsubishi Electric Recent Development

10.2 HITACHI

10.2.1 HITACHI Company Information

10.2.2 HITACHI Introduction and Business Overview

10.2.3 HITACHI Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.2.4 HITACHI Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.2.5 HITACHI Recent Development

10.3 ABB

10.3.1 ABB Company Information

10.3.2 ABB Introduction and Business Overview

10.3.3 ABB Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.3.4 ABB Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.3.5 ABB Recent Development

10.4 SIEMENS AG

10.4.1 SIEMENS AG Company Information

10.4.2 SIEMENS AG Introduction and Business Overview

10.4.3 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.4.4 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.4.5 SIEMENS AG Recent Development

10.5 GE

10.5.1 GE Company Information

10.5.2 GE Introduction and Business Overview

10.5.3 GE Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.5.4 GE Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.5.5 GE Recent Development

10.6 Bosch

10.6.1 Bosch Company Information

10.6.2 Bosch Introduction and Business Overview

10.6.3 Bosch Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.6.4 Bosch Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.6.5 Bosch Recent Development

10.7 MEIDENSHA

10.7.1 MEIDENSHA Company Information

10.7.2 MEIDENSHA Introduction and Business Overview

10.7.3 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.7.4 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.7.5 MEIDENSHA Recent Development

10.8 JJE

10.8.1 JJE Company Information

10.8.2 JJE Introduction and Business Overview

10.8.3 JJE Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.8.4 JJE Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.8.5 JJE Recent Development

10.9 CONTINENTAL

10.9.1 CONTINENTAL Company Information

10.9.2 CONTINENTAL Introduction and Business Overview

10.9.3 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.9.4 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.9.5 CONTINENTAL Recent Development

10.10 ALSTOM

10.10.1 ALSTOM Company Information

10.10.2 ALSTOM Introduction and Business Overview

10.10.3 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.10.4 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.10.5 ALSTOM Recent Development

10.11 BROAD-OCEAN

10.11.1 BROAD-OCEAN Company Information

10.11.2 BROAD-OCEAN Introduction and Business Overview

10.11.3 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.11.4 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.11.5 BROAD-OCEAN Recent Development

10.12 TOSHIBA

10.12.1 TOSHIBA Company Information

10.12.2 TOSHIBA Introduction and Business Overview

10.12.3 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.12.4 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.12.5 TOSHIBA Recent Development

10.13 XIZI FORVORDA

10.13.1 XIZI FORVORDA Company Information

10.13.2 XIZI FORVORDA Introduction and Business Overview

10.13.3 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue and Gross Margin (2018-2023)

10.13.4 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Products Offered

10.13.5 XIZI FORVORDA Recent Development

11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis

11.1 Permanent Magnet Synchronous Motor (PMSM) Key Raw Materials

11.1.1 Key Raw Materials

11.1.2 Key Raw Materials Price

11.1.3 Raw Materials Key Suppliers

11.2 Manufacturing Cost Structure

11.2.1 Raw Materials

11.2.2 Labor Cost

11.2.3 Manufacturing Expenses

11.3 Permanent Magnet Synchronous Motor (PMSM) Industrial Chain Analysis

11.4 Permanent Magnet Synchronous Motor (PMSM) Market Dynamics

11.4.1 Permanent Magnet Synchronous Motor (PMSM) Industry Trends

11.4.2 Permanent Magnet Synchronous Motor (PMSM) Market Drivers

11.4.3 Permanent Magnet Synchronous Motor (PMSM) Market Challenges

11.4.4 Permanent Magnet Synchronous Motor (PMSM) Market Restraints

12 Market Strategy Analysis, Distributors

12.1 Sales Channel

12.2 Permanent Magnet Synchronous Motor (PMSM) Distributors

12.3 Permanent Magnet Synchronous Motor (PMSM) Downstream Customers

13 Research Findings and Conclusion

14 Appendix

14.1 Research Methodology

14.1.1 Methodology/Research Approach

14.1.2 Data Source

14.2 Author Details

14.3 Disclaimer

Published By : QY Research

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