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Global Permanent Magnet Synchronous Motor Market Analysis & Trends - Industry Forecast to 2028

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Permanent Magnet Synchronous Motor: Market Size From $25.29 billion in 2020, the global Permanent Magnet Synchronous Motor market is projected to reach $66.75 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 12.9% from 2020 - 2028 timeframe. Some of the prominent trends that the market is witnessing include emergence of robotics technology, growing acceptance of 5G technology, and increasing use of IoT. Global Permanent Magnet Synchronous Motor Market: Market Dynamics Permanent magnet synchronous motors are more efficient than induction motors and are the most power-dense type of traction motors commercially available. Therefore, the increasing demand for higher operating efficiency motors is likely to fuel the requirement of permanent magnet synchronous motors across different industries. Major factors influencing the PMSM market growth are growing need for energy-efficient low power-consuming motors, growing demand of permanent magnet synchronous motors in industrial and agricultural sectors, and increasing awareness towards the use of green vehicles. On the other hand, the high price and scarcity of rare earth magnets are likely to obstruct the profit boundaries. In addition, increasing emphasis on the maintenance and use of standard motors will further boost for the Permanent Magnet Synchronous Motor market. Impact of COVID-19 on Permanent Magnet Synchronous Motor Many components for manufacturing permanent magnet motor come from Europe and Asia Pacific. Manufacturing disruptions in China and the US could contribute to a significant short-term decline in the permanent magnet motor market. Moreover, due to the COVID-19 outbreak, the value of the local currencies of many countries has depreciated. The balance between supply and demand has been disrupted which led to financial losses to the metal manufactures, and resulted in increased component costs. By Power Rating 0-20kW Segment Dominate the Market in 2020 The 0-20kW segment made huge revenue in 2020 and growing its prominence during the forecast period. Motors of this power rating are extensively used in medical electronics such as gas analyzer membrane pumps and breathing systems. The various industrial applications of these motors include laser scanning instruments. By Geography Asia Pacific Region is Leading in the Global Market Place Asia Pacific region is likely to have a huge demand in the forecast period owing to the rising investments in the automotive sector, especially electric vehicles, and increasing manufacturing of electronics in the region. Moreover, the countries such as China, Japan, and India are driving the growth in the permanent magnet motor market in the region. List of the Key Players Profiled in the Market Include: � Panasonic Corporation � Toyota Motor Corporation � General Motors � Samsung Electronics Co. Ltd � Google Inc. � Parker Hannifin Corp � Raytheon Company � Fossil Group Inc. � Vuzix Corporation � Ekso Bionics Holdings Inc � Life Sense Group B.V. � Garmin � BrainGate Company � Magic Leap Inc. � B-Temia Inc. List of the Regions/Countries Profiled in the Market Include: North America � US � Canada � Mexico Europe � Germany � U.K � Italy � France � Spain � Rest of Europe Asia Pacific � China � Japan � India � Australia � New Zealand � Rest of Asia Pacific Middle East � Saudi Arabia � UAE � Rest of Middle East Latin America � Argentina � Brazil � Rest of Latin America Rest of the World (RoW) � South Africa � Others

1 Market Outline 1.1 Definition 1.2 Market Segmentation & Scope 1.3 Market Trends 1.4 Regulatory Factors 1.5 Application Analysis 1.6 Strategic Benchmarking 1.7 Opportunity Analysis 2 Executive Summary 3 Research Methodology and Data Source 3.1 Methodology/Research Approach 3.1.1 Research Programs/Design 3.1.2 Market Size Estimation 3.2 Data Source and Assumptions 3.2.1 Purchased Database 3.2.2 Company Repository 3.2.3 Secondary Sources 3.2.4 Primary Research 3.2.5 List of Assumptions 4 Market Overview 4.1 Current Trends 4.1.1 Emergence of Robotics Technology 4.1.2 Growing Acceptance of 5G Technology 4.1.3 Increasing Use of IoT 4.1.4 Growth Opportunities/Investment Opportunities 4.2 Drivers 4.3 Constraints 4.4 Impact of COVID-19 5 Market Factor Analysis 5.1 Porters Five Forces 5.1.1 Bargaining power of suppliers 5.1.2 Bargaining power of buyers 5.1.3 Threat of substitutes 5.1.4 Threat of new entrants 5.1.5 Competitive rivalry 5.2 Value Chain Analysis/Supply Chain Analysis 6 Consumer behaviour analysis/Consumer Research 6.1 Consumer trends and preferences 6.2 Factors affecting buying decision 6.3 Consumer product adoption 6.4 Observation & Recommendations 7 Permanent Magnet Synchronous Motor Market, By Type 7.1 Interior Permanent Magnet Synchronous Motor DATA TABLE Interior Permanent Magnet Synchronous Motor Market Forecast to 2028 (US$ MN) 7.2 Surface Permanent Magnet Synchronous Motor DATA TABLE Surface Permanent Magnet Synchronous Motor Market Forecast to 2028 (US$ MN) 8 Permanent Magnet Synchronous Motor Market, By Mounting Type 8.1 Horizontal DATA TABLE Horizontal Market Forecast to 2028 (US$ MN) 8.2 Vertical DATA TABLE Vertical Market Forecast to 2028 (US$ MN) 9 Permanent Magnet Synchronous Motor Market, By Voltage Range 9.1 9V and Below DATA TABLE 9V and Below Market Forecast to 2028 (US$ MN) 9.2 10V-20V DATA TABLE 10V-20V Market Forecast to 2028 (US$ MN) 9.3 21V-30V DATA TABLE 21V-30V Market Forecast to 2028 (US$ MN) 9.4 31V-40V DATA TABLE 31V-40V Market Forecast to 2028 (US$ MN) 9.5 41V-60V DATA TABLE 41V-60V Market Forecast to 2028 (US$ MN) 9.6 Above 60V DATA TABLE Above 60V Market Forecast to 2028 (US$ MN) 10 Permanent Magnet Synchronous Motor Market, By Power Rating 10.1 0-20kW DATA TABLE 0-20kW Market Forecast to 2028 (US$ MN) 10.2 20-200kW DATA TABLE 20-200kW Market Forecast to 2028 (US$ MN) 10.3 200kW - 375 kW DATA TABLE 200kW - 375 kW Market Forecast to 2028 (US$ MN) 10.4 375 450 kW DATA TABLE 375 450 kW Market Forecast to 2028 (US$ MN) 10.5 450 600 kW DATA TABLE 450 600 kW Market Forecast to 2028 (US$ MN) 10.6 Above 600 kW DATA TABLE Above 600 kW Market Forecast to 2028 (US$ MN) 11 Permanent Magnet Synchronous Motor Market, By Control 11.1 Sinusoidal DATA TABLE Sinusoidal Market Forecast to 2028 (US$ MN) 11.1.1 Scalar DATA TABLE Scalar Market Forecast to 2028 (US$ MN) 11.1.2 Vector DATA TABLE Vector Market Forecast to 2028 (US$ MN) 11.2 Trapezoidal DATA TABLE Trapezoidal Market Forecast to 2028 (US$ MN) 11.2.1 Closed Loop DATA TABLE Closed Loop Market Forecast to 2028 (US$ MN) 11.2.2 Open Loop DATA TABLE Open Loop Market Forecast to 2028 (US$ MN) 12 Permanent Magnet Synchronous Motor Market, By Application 12.1 Compressor Industries DATA TABLE Compressor Industries Market Forecast to 2028 (US$ MN) 12.2 Medical & Healthcare DATA TABLE Medical & Healthcare Market Forecast to 2028 (US$ MN) 12.3 Industrial & Manufacturing DATA TABLE Industrial & Manufacturing Market Forecast to 2028 (US$ MN) 12.4 Automotive & Transportation DATA TABLE Automotive & Transportation Market Forecast to 2028 (US$ MN) 12.5 Automation DATA TABLE Automation Market Forecast to 2028 (US$ MN) 12.6 Consumer Electronics DATA TABLE Consumer Electronics Market Forecast to 2028 (US$ MN) 12.7 Oil & Gas DATA TABLE Oil & Gas Market Forecast to 2028 (US$ MN) 12.8 Lab Equipment DATA TABLE Lab Equipment Market Forecast to 2028 (US$ MN) 12.9 Machinery DATA TABLE Machinery Market Forecast to 2028 (US$ MN) 12.10 Marine DATA TABLE Marine Market Forecast to 2028 (US$ MN) 12.11 Metals & Mining DATA TABLE Metals & Mining Market Forecast to 2028 (US$ MN) 12.12 Military/Aerospace DATA TABLE Military/Aerospace Market Forecast to 2028 (US$ MN) 12.13 Paper & Pulp DATA TABLE Paper & Pulp Market Forecast to 2028 (US$ MN) 12.14 Elevator DATA TABLE Elevator Market Forecast to 2028 (US$ MN) 12.15 Power DATA TABLE Power Market Forecast to 2028 (US$ MN) 12.16 Pumps & Ventilation Systems DATA TABLE Pumps & Ventilation Systems Market Forecast to 2028 (US$ MN) 13 Permanent Magnet Synchronous Motor Market, By Sales Channel 13.1 Direct Channel DATA TABLE Direct Channel Market Forecast to 2028 (US$ MN) 13.2 Distribution Channel DATA TABLE Distribution Channel Market Forecast to 2028 (US$ MN) 14 Permanent Magnet Synchronous Motor Market, By Geography 14.1 North America DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN) 14.1.1 US 14.1.2 Canada 14.1.3 Mexico 14.2 Europe DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN) 14.2.1 Germany 14.2.2 U.K 14.2.3 Italy 14.2.4 France 14.2.5 Spain 14.2.6 Rest of Europe 14.3 Asia Pacific DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN) 14.3.1 China 14.3.2 Japan 14.3.3 India 14.3.4 Australia 14.3.5 New Zealand 14.3.6 Rest of Asia Pacific 14.4 Middle East DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN) 14.4.1 Saudi Arabia 14.4.2 UAE 14.4.3 Rest of Middle East 14.5 Latin America DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN) 14.5.1 Argentina 14.5.2 Brazil 14.5.3 Rest of Latin America 14.6 Rest of the World (RoW) DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN) 14.6.1 South Africa 14.6.2 Others 15 Key Player Activities 15.1 Acquisitions & Mergers 15.2 Agreements, Partnerships, Collaborations and Joint Ventures 15.3 Product Launch & Expansions 15.4 Other Activities 16 Leading Companies 16.1 Panasonic Corporation 16.2 Toyota Motor Corporation 16.3 General Motors 16.4 Samsung Electronics Co. Ltd 16.5 Google Inc. 16.6 Parker Hannifin Corp 16.7 Raytheon Company 16.8 Fossil Group Inc. 16.9 Vuzix Corporation 16.10 Ekso Bionics Holdings Inc 16.11 Life Sense Group B.V. 16.12 Garmin 16.13 BrainGate Company 16.14 Magic Leap Inc. 16.15 B-Temia Inc. List of Tables Table 1 Global Permanent Magnet Synchronous Motor Market By Region, Market Forecast (2018-2028) (US $MN) Table 2 Global Permanent Magnet Synchronous Motor Market By Type, Market Forecast (2018-2028) (US $MN) Table 3 Global Permanent Magnet Synchronous Motor Market By Interior Permanent Magnet Synchronous Motor, Market Forecast (2018-2028) (US $MN) Table 4 Global Permanent Magnet Synchronous Motor Market By Surface Permanent Magnet Synchronous Motor, Market Forecast (2018-2028) (US $MN) Table 5 Global Permanent Magnet Synchronous Motor Market By Mounting Type, Market Forecast (2018-2028) (US $MN) Table 6 Global Permanent Magnet Synchronous Motor Market By Horizontal, Market Forecast (2018-2028) (US $MN) Table 7 Global Permanent Magnet Synchronous Motor Market By Vertical, Market Forecast (2018-2028) (US $MN) Table 8 Global Permanent Magnet Synchronous Motor Market By Voltage Range, Market Forecast (2018-2028) (US $MN) Table 9 Global Permanent Magnet Synchronous Motor Market By 9V and Below, Market Forecast (2018-2028) (US $MN) Table 10 Global Permanent Magnet Synchronous Motor Market By 10V-20V, Market Forecast (2018-2028) (US $MN) Table 11 Global Permanent Magnet Synchronous Motor Market By 21V-30V, Market Forecast (2018-2028) (US $MN) Table 12 Global Permanent Magnet Synchronous Motor Market By 31V-40V, Market Forecast (2018-2028) (US $MN) Table 13 Global Permanent Magnet Synchronous Motor Market By 41V-60V, Market Forecast (2018-2028) (US $MN) Table 14 Global Permanent Magnet Synchronous Motor Market By Above 60V, Market Forecast (2018-2028) (US $MN) Table 15 Global Permanent Magnet Synchronous Motor Market By Power Rating, Market Forecast (2018-2028) (US $MN) Table 16 Global Permanent Magnet Synchronous Motor Market By 0-20kW, Market Forecast (2018-2028) (US $MN) Table 17 Global Permanent Magnet Synchronous Motor Market By 20-200kW, Market Forecast (2018-2028) (US $MN) Table 18 Global Permanent Magnet Synchronous Motor Market By 200kW - 375 kW, Market Forecast (2018-2028) (US $MN) Table 19 Global Permanent Magnet Synchronous Motor Market By 375 450 kW, Market Forecast (2018-2028) (US $MN) Table 20 Global Permanent Magnet Synchronous Motor Market By 450 600 kW, Market Forecast (2018-2028) (US $MN) Table 21 Global Permanent Magnet Synchronous Motor Market By Above 600 kW, Market Forecast (2018-2028) (US $MN) Table 22 Global Permanent Magnet Synchronous Motor Market By Control, Market Forecast (2018-2028) (US $MN) Table 23 Global Permanent Magnet Synchronous Motor Market By Sinusoidal, Market Forecast (2018-2028) (US $MN) Table 24 Global Permanent Magnet Synchronous Motor Market By Scalar, Market Forecast (2018-2028) (US $MN) Table 25 Global Permanent Magnet Synchronous Motor Market By Vector, Market Forecast (2018-2028) (US $MN) Table 26 Global Permanent Magnet Synchronous Motor Market By Trapezoidal, Market Forecast (2018-2028) (US $MN) Table 27 Global Permanent Magnet Synchronous Motor Market By Closed Loop, Market Forecast (2018-2028) (US $MN) Table 28 Global Permanent Magnet Synchronous Motor Market By Open Loop, Market Forecast (2018-2028) (US $MN) Table 29 Global Permanent Magnet Synchronous Motor Market By Application, Market Forecast (2018-2028) (US $MN) Table 30 Global Permanent Magnet Synchronous Motor Market By Compressor Industries, Market Forecast (2018-2028) (US $MN) Table 31 Global Permanent Magnet Synchronous Motor Market By Medical & Healthcare, Market Forecast (2018-2028) (US $MN) Table 32 Global Permanent Magnet Synchronous Motor Market By Industrial & Manufacturing, Market Forecast (2018-2028) (US $MN) Table 33 Global Permanent Magnet Synchronous Motor Market By Automotive & Transportation, Market Forecast (2018-2028) (US $MN) Table 34 Global Permanent Magnet Synchronous Motor Market By Automation, Market Forecast (2018-2028) (US $MN) Table 35 Global Permanent Magnet Synchronous Motor Market By Consumer Electronics, Market Forecast (2018-2028) (US $MN) Table 36 Global Permanent Magnet Synchronous Motor Market By Oil & Gas, Market Forecast (2018-2028) (US $MN) Table 37 Global Permanent Magnet Synchronous Motor Market By Lab Equipment, Market Forecast (2018-2028) (US $MN) Table 38 Global Permanent Magnet Synchronous Motor Market By Machinery, Market Forecast (2018-2028) (US $MN) Table 39 Global Permanent Magnet Synchronous Motor Market By Marine, Market Forecast (2018-2028) (US $MN) Table 40 Global Permanent Magnet Synchronous Motor Market By Metals & Mining, Market Forecast (2018-2028) (US $MN) Table 41 Global Permanent Magnet Synchronous Motor Market By Military/Aerospace, Market Forecast (2018-2028) (US $MN) Table 42 Global Permanent Magnet Synchronous Motor Market By Paper & Pulp, Market Forecast (2018-2028) (US $MN) Table 43 Global Permanent Magnet Synchronous Motor Market By Elevator, Market Forecast (2018-2028) (US $MN) Table 44 Global Permanent Magnet Synchronous Motor Market By Power, Market Forecast (2018-2028) (US $MN) Table 45 Global Permanent Magnet Synchronous Motor Market By Pumps & Ventilation Systems, Market Forecast (2018-2028) (US $MN) Table 46 Global Permanent Magnet Synchronous Motor Market By Sales Channel, Market Forecast (2018-2028) (US $MN) Table 47 Global Permanent Magnet Synchronous Motor Market By Direct Channel, Market Forecast (2018-2028) (US $MN) Table 48 Global Permanent Magnet Synchronous Motor Market By Distribution Channel, Market Forecast (2018-2028) (US $MN) NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.

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