The Permanent Magnet Synchronous Motor (PMSM) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Permanent Magnet Synchronous Motor (PMSM) Market?
The global market for Permanent Magnet Synchronous Motor (PMSM) has seen significant growth recently. The market was valued at $27.01 billion in 2024 and is forecasted to reach $29.3 billion in 2025 with a compound annual growth rate (CAGR) of 8.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Permanent Magnet Synchronous Motor (PMSM) Industry?
The Permanent Magnet Synchronous Motor (PMSM) market is projected to expand to a size of $40.4 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.4%.
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What are the Key Growth Drivers Fueling the Permanent Magnet Synchronous Motor (PMSM) Market?
The key drivers in the permanent magnet synchronous motor (pmsm) market are:
• Expansion of renewable energy applications
• Growth in electric vehicle charging infrastructure
• Integration of PMSMs in household appliances
• Electrification of transportation
Global Market Segmentation: Identifying Major Permanent Magnet Synchronous Motor (PMSM) Industry Segments
The permanent magnet synchronous motor (PMSM) market covered in this report is segmented –
1) By Type: Surface, Interior
2) By Capacity: 375-450 kW, 450-600 kW, Above 600 kW
3) By Voltage Range: Above 60V, 41V60V, 31V40V, 21V30V, 10V20V, 9V and below
4) By Application: Automation, Consumer Electronics, Residential and Commercial, Automotive and Transportation, Lab Equipment, Medical, Military and Aerospace
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What are the Emerging Trends Shaping the Future of the Permanent Magnet Synchronous Motor (PMSM) Market?
The key trends in the drinking places (alcoholic beverages) market are:
• Recycling of rare-earth elements for magnet creation is an emerging trend.
• PMSMs with advanced sensor technology are becoming more widespread.
• Adoption of Silicon Carbide (SiC) power electronics is on the rise.
• There is an increasing trend towards customization of PMSM solutions for specific industry requirements and smart motor diagnostics for predictive maintenance.
Who Are the Top Competitors & Leading Players in the Permanent Magnet Synchronous Motor (PMSM) Market?
Major companies in the permanent magnet synchronous motor (pmsm) market are:
• Siemens AG
• Mitsubishi Electric Corporation
• Toshiba Corp.
• Hitachi Ltd.
• Asea Brown Boveri Ltd.
• Robert Bosch GmbH
• Meidensha Corporation
• Continental AG
• Alstom SA
• Xizi Forvorda
• DRS Technologies Inc.
• Emerson Electric Co
• Johnson Electric Holdings Limited
• Nidec Motor Corporation
• AMETEK Inc.
• ARC Systems Inc.
• Bühler Motor GmbH
• Danaher Corporation
• Dunkermotoren GmbH
• Dr. Fritz Faulhaber GmbH & Co. KG
• Fuji Electric Co. Ltd.
• General Electric Company
• Maxon Motor AG
• Moog Inc.
• Oriental Motor Co. Ltd.
• Parker Hannifin Corporation
• Regal Beloit Corporation
• Rockwell Automation Inc.
• Schneider Electric SE
• Sumitomo Heavy Industries Ltd.
• WEG S.A.
• Yaskawa Electric Corporation
Regional Dominance: Which Area Leads the Global Permanent Magnet Synchronous Motor (PMSM) Market?
Asia-Pacific was the largest region in the permanent magnet synchronous (PMSM) market in 2024 and is also expected to be the fastest-growing region in the forecast period
