Permanent Magnet Synchronous Motor (PMSM)
Market
Permanent Magnet Synchronous Motor (PMSM)
Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Permanent Magnet Synchronous Motor (PMSM) Market Size and Growth
The Permanent Magnet Synchronous Motor (PMSM) market is experiencing robust growth, driven by increasing demand for energy-efficient solutions across industries. The global market size is projected to reach approximately $5 billion by 2025, with a compound annual growth rate (CAGR) of around 8%, reflecting advancements in motor technology and applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Mitsubishi Electric
◍ HITACHI
◍ ABB
◍ SIEMENS AG ◍ GE ◍ Bosch ◍ MEIDENSHA ◍ JJE ◍ CONTINENTAL ◍ ALSTOM
◍ BROAD-OCEAN
◍ TOSHIBA
◍ XIZI FORVORDA
The Permanent Magnet Synchronous Motor (PMSM) market features key players like Mitsubishi Electric, Hitachi, ABB, Siemens, and GE. These companies leverage PMSM for energy efficiency in various applications, driving innovation and adoption. Their extensive R&D and market strategies contribute to market growth. Sales figures include ABB ($28 billion), Siemens ($68 billion), and GE ($74 billion).
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Market Segmentation
By Application
Automotive ◍ Elevator
◍ Industry & Automation
◍ Others
By Product
◍ Below 5Kw
5-10Kw
10-50Kw
Above 50Kw
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Market Growth
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$ X Billion USD
