Permanent Magnetic Synchronous Machine Market by Type, Application and Region - Global Market

INDORE, India - July 30, 2023 - PRLog -- A permanent magnetic synchronous machine (PMSM) is an electric motor that uses magnets to generate its rotational force. It is a type of synchronous motor, meaning that the rotor and stator rotate in unison in order to produce torque. PMSMs are typically used in industrial applications, such as pumps, fans, and compressors, due to their superior efficiency and reliability.

Market Drivers

Increasing Demand for High-Efficiency Motors: The increasing demand for high-efficiency motors is one of the key driving factors of the global permanent magnetic synchronous machine market. This is due to the fact that permanent magnetic synchronous machines are more efficient than traditional induction motors, as they have lower losses, higher power density, and higher power factors.

Growing Demand for Renewable Energy Sources: The increasing demand for renewable energy sources, such as wind and solar, is another key driving factor of the global permanent magnetic synchronous machine market. This is due to the fact that these machines are used in wind turbines and solar inverters, which are used to convert the energy generated from these sources into usable electricity.

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Market Challenges

High Cost: Permanent Magnetic Synchronous Machines are expensive to produce due to their complex design and the use of rare earth materials. This makes them cost-prohibitive for many applications.

Availability of Raw Materials: The availability of rare earth materials used in the production of PMSMs is limited. This can cause supply chain issues and limit the production of PMSMs.

Global Permanent Magnetic Synchronous Machine Market Segmentation

• Based on type, the global permanent magnetic synchronous machine market is segmented into sine type permanent magnet synchronous motor, permanent magnet brushless dc motor.
• Based on application, the permanent magnetic synchronous machine market is segmented into industry, agriculture, other.

Permanent Magnetic Synchronous Machine Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

Global Permanent Magnetic Synchronous Machine Market Competitive Analysis

The report also features a competitive analysis section that includes a detailed company shares analysis, a list of mergers, acquisitions, and collaborations, as well as information on the introduction of new products to the market. Some of the prominent players in the market are ABB, CRRC, Chilwee, Invt, Nidec, Renesas, Siemens, Volcano Electrical.