Global Permanent Magnet Synchronous Motor Market Report 2023 - High-Efficiency PMSM Drives Growth in Automation, Automotive, and Aerospace
The international market for Permanent Magnet Synchronous Motors (PMSM) on a worldwide scale.
The worldwide market for Permanent Magnet Synchronous Motors (PMSM) across the globe
The blog section on the ResearchAndMarkets.com website now includes the inclusion of the "Permanent Magnet Synchronous Motor (PMSM) Global Market Report 2023" in their collection. The update was made on September 5, 2023, and the report is available for interested readers.
The worldwide PMSM industry showed impressive progress, increasing from $23.77 billion in 2022 to $27.44 billion in 2023, with a solid Compound Annual Growth Rate (CAGR) of 15.5%. It is predicted that the market will continue to thrive, hitting $48.6 billion by 2027, with a CAGR of 15.4%.
Exploring the Land of Permanent Magnet Synchronous Motors
The PMSM industry includes the sale of rotor, stator, and induction motor parts. The market values indicated represent the prices at which manufacturers or creators sell their products to retailers, distributors, and end consumers. The market estimation also encompasses any additional services provided by the creators of these products.
The Influence of Perpetual Magnet Synchronous Motors
PMSMs act as motor drives that are both efficient and powerful, making use of the energy generated by permanent magnets and showcasing EMF waveforms with a smooth sine pattern. These motors are capable of producing torque even when not in motion, necessitating the use of digitally controlled inverters when working with permanent magnets.
Regional Control and Potential for Expansion
In 2022, the Asia-Pacific region became the biggest market for PMSM and is projected to continue as the region with the highest growth during the predicted timeframe. The forecast also covers Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Segmenting the market and its various uses
The PMSM industry provides a wide variety of product categories and uses, such as:
Types of Products: Exterior and Indoor
Power Outputs: 375-450 kilowatts, 450-600 kilowatts, Exceeding 600 kilowatts
Voltage Categories: Greater than 60 volts, 41 volts to 60 volts, 31 volts to 40 volts, 21 volts to 30 volts, 10 volts to 20 volts, 9 volts and lower.
Uses: The implementation of automated processes, devices used by consumers, both at home and in business settings, vehicles and transportation systems, scientific equipment for laboratories, medical devices, and equipment used by the military and aerospace industry.
Key Factors: Environmentally-friendly Vehicles and Technological Innovations
The increasing popularity of environmentally friendly cars is a major factor that is pushing the growth of the PMSM market. The growing desire for vehicles that are both eco-friendly and fuel-efficient is driving the demand for PMSMs, which in turn is contributing to the industry's expansion. Furthermore, advancements in technology have a crucial impact, as companies are dedicating their efforts to improving PM manufacturing technologies in order to enhance efficiency and increase output power.
The key contenders in the PMSM industry consist of
recently launched its new line of electric motors. The company unveiled its latest range of electrical engines, which are designed to optimize performance and efficiency. These cutting-edge motors utilize state-of-the-art technology and are set to revolutionize the industry. Johnson Electric is dedicated to providing top-notch products that meet the evolving needs of its customers.
The PMSM Global Market Report 2023 thoroughly explores different aspects of the market, covering:
Market features, dimensions, and expansion direction
In-depth categorization and division by geographical areas
The dynamic business environment and the distribution of market power.
Current developments, approaches, and influences molding the prospects of the market
Projected Market Worth (USD) by 2023
Projected Market Worth (in US dollars) by the year 2027.
The yearly growth rate of an investment or business, expressed as a percentage, can be referred to as compound annual growth rate (CAGR).
To gather additional details regarding this report, kindly refer to the following website: https://www.researchandmarkets.com/r/9fsh84
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The worldwide market of Permanent Magnet Synchronous Motor (PMSM) at a global level
