Permanent Magnet Synchronous Motor Market
Permanent Magnet Synchronous Motor Market
Scope: Industry Analysis, Market Size, Growth,
Trends Till 2031
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Permanent Magnet Synchronous Motor Market Size and Growth
The Permanent Magnet Synchronous Motor (PMSM) market is experiencing significant growth, driven by increasing demand in industrial automation and electric vehicles. As of 2023, the market size is projected to exceed $5 billion, supported by advancements in technology and a shift towards energy-efficient solutions across various sectors.
Companies Covered
(Covid 19 Impact Covered)
◍ DRS Technologies
◍ Emerson
◍ General Electric
◍ Siemens AG
◍ Mitsubishi Electric
◍ Toshiba Corp
◍ Ningbo volcanic electric co.,LTD
◍ Electric Motor Solutions
◍ ElectroCraft, Inc
◍ ARC Systems, Inc
◍ WEG Electric Corp
◍ Rex Engineering Corp
The Permanent Magnet Synchronous Motor market features key players like DRS Technologies, Emerson, General Electric, Siemens AG, and Mitsubishi Electric. These firms leverage advanced technologies to enhance efficiency and reduce emissions, driving market growth.
Notable sales include:
- Siemens AG: $104 billion
- General Electric: $74 billion
- Mitsubishi Electric: $40 billion
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Market Segmentation
By Application
◍ Consumer Electronics
◍ Residential & Commercial ◍ Automotive & Transportation ◍ Lab Equipment
By Product
◍ Above 60V
◍ 41V‐60V
◍ 31V‐40V
◍ 21V‐30V ◍ 10V‐20V
◍ 9V and Below ◍ Automation
◍ Medical
◍ Military/Aerospace
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Market Growth
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$ X Billion USD
