Permanent Magnet Synchronous Motor Market Shares, Trends and Applications Forecast To 2025

20 September 2018: The report provides an in-depth and professional study on the present state of the Permanent Magnet Synchronous Motor (PMSM) market. The report also provides a basic overview of the industry including classifications, definitions, industry chain structure and applications. PMSM market analysis is provided for the international markets including competitive landscape analysis, key regions development status and development trends. Development plans and policies are discussed as well as cost structures and manufacturing processes are also analyzed.

This report also states export/import consumption, cost, revenue, gross margins and price. The report focuses on global major leading industry players providing information such as product picture, specification, company profiles, production, capacity, cost, price, contact information and revenue. Downstream demand analysis and upstream raw materials and equipment is also carried out. The Permanent Magnet Synchronous Motor industry and marketing channels development trends are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.

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Permanent Magnet Synchronous Motor (PMSM) market is mainly being driven by the rising need for highly efficient motors across manufacturing & automation industries including plastic moulding, cement, chemicals & processing, and conservation of energy. Growing economies such as Brazil, South Africa and India are anticipated to be the key regions where the demand in the coming years in their respective drives reduces power consumption. Increasing need to switch to alternative energy applications, such as in transportation for electric and hybrid vehicles, are generating new market opportunities for suppliers and manufacturers of PMSMs.

Most permanent magnet motors are used in combination with AC or DC electric motors. These types of motors possess excellent heat dissipation property, perform with higher efficiencies as compared to other electric motors and consume less power. Permanent magnet motors are used in various industrial applications, in order to improve the efficiencies of the machines. Robots, forklifts, railroad (switchers, track, crossing gates), blower drives, amusement rides and marine pumps are some of the prime examples where permanent magnet motors are used.

The industry can be segmented on the basis of application, mounting type and power ratings. On the basis of application, it can be segmented as industrial & manufacturing, oil & gas, paper & pulp, power, commercial, transportation, pumps & ventilation systems and metals & mining. The markets for major countries in each region by application have also been provided in the report. On the basis of mounting it can be segmented as vertical/inclined mounting and horizontal mounting. The region wise market of mounting type has also been provided in the report. On the basis of power rating it is segmented as Power ratings above 375kW and below 375kW. North America is considered as the key market for this region owing to presence of major motor manufacturer, ongoing research and development in electric generation and continuous development in industrial activities.

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U.S. invests heavily on research and development of industrial activities; heavy investment is expected to show positive revenue generation for the market. Europe is also considered key market after North America. Europe is expected to show moderate growth owing growing investment in power sector, rail sector and investment in robot technology. Growing demand for low power consumption, increased use of Permanent Magnet and energy-efficient motors synchronous motors in industrial sectors such as chemicals, oil & gas, power utilities, paper & pulp and metal & mining will propel the demand of PMSM market. Industrial growth in Asia Pacific countries such as India, Japan and China would also propel its demand. Key players of the PMSM market include ABB Ltd. (Switzerland), Alstom (France), General Electric (U.S.), Siemens AG (Germany), WEG (Brazil) and Mitsubishi Electric Corporation (Japan).