Global Permanent Magnet Synchronous Motors Market

Global Permanent Magnet Synchronous Motors Market Overview

• Global Permanent Magnet Synchronous Motors Market Size is Anticipated To Grow From USD 17.82 Billion in 2023 to USD 53.15 Billion by 2033, Growing at a CAGR of 11.55% from 2023 to 2033.
• The Market Growth is rising due to increasing EV production and industrial automation advancements.
• The Permanent Magnet Synchronous Motors Market refers to the market of a type of AC synchronous motor driven by the demand for efficient and high-performance motors in diverse applications such as electric vehicles, industrial automation, and renewable energy systems.
• The investments in renewable energy and government initiatives for promoting energy efficiency are supporting the market. 

Major vendors in the Global Permanent Magnet Synchronous Motors Market

Mitsubishi Electric, Yaskawa Electric, Nidec, Ametek, Linde, Hitachi, Johnson Electric, Emerson Electric, Siemens, Regal Beloit, Baldor Electric, Toshiba, Parker Hannifin, ABB, Marathon Electric, and others.

Market Segments

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisors has segmented the permanent magnet synchronous motors market based on the below-mentioned segments:

Global Permanent Magnet Synchronous Motors Market, By Motor Type

• Surface-Mounted Permanent Magnet Synchronous Motor
• Interior Permanent Magnet Synchronous Motor

Global Permanent Magnet Synchronous Motors Market, By Power Rating

• Below 10 kW
• 10-50 kW
• 50-100 kW
• Above 100 kW 

Global Permanent Magnet Synchronous Motors Market, By Cooling Method

• Air-Cooled
• Water-Cooled
• Oil-Cooled

Global Permanent Magnet Synchronous Motors Market, By Application

• Industrial Machinery
• Electric Vehicles
• Wind Turbines
• HVAC Systems

Global Permanent Magnet Synchronous Motors Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa