Permanent Magnet Synchronous Motor (PMSM) Market is Expected to Grow at a CAGR of Approximately 10.6%

Date: 2015-08-10

“This report estimates the Permanent Magnet Synchronous Motor (PMSM) market in terms of value in USD million. The market has been segmented into regions, and further split into countries.

The use of energy-efficient motors and demand for low power consumption ones motors across the globe would drive the PMSM market. The PMSM is a rotating electric machine where the stator is a classic three-phase stator type, that of an induction motor, and the rotor has permanent magnets, hence the name PMSM. The use of a permanent magnet is to generate a substantial air gap magnetic flux that makes it possible to design highly efficient PM motors. It has dedicated motor control peripherals, high energy efficiency, and extensive motor control capability. The PMSM market is expected to register a high growth rate as it requires the same maintenance similar to standard motors. It also delivers comparatively more advantages, and thus, can be used in diverse applications. The PMSM market has been analyzed on the basis of mounting type, power rating, and application. 

The size of the overall market has been determined by forecast techniques, based on region-wise demand for PMSMs used in different applications such as oil & gas, industrial & manufacturing sector, power generation, transportation, and commercial among others. The market is expected to grow at a CAGR of approximately 10.6% from 2015 to 2020.

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