Worldwide sales of permanent magnet synchronous motors are predicted to increase at a CAGR of 4.2% from 2023 to 2033. The global permanent magnet synchronous motors market is thus expected to increase from a valuation of US$ 28.5 billion in 2023 to US$ 43 billion by 2033-end.
A permanent magnet synchronous motor is an AC synchronous motor in which field excitation is provided by permanent magnets. It has a sinusoidal back electromotive (EMF) waveform. Permanent magnet synchronous motors are widely used in various end-use industries.
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This Permanent magnet synchronous motors market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Permanent magnet synchronous motors market along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Permanent magnet synchronous motors market also provides dynamics that are responsible for influencing the future Sales and Demand of over the forecast period.
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Fact.MR strives to provide comprehensive assessments of opportunities in various regions and technology segments. The study also offers an uncluttered data-driven insights into the growth avenues of the Permanent magnet synchronous motors market and all its segments. Some of the ways the study can make a discernible impact are by offering evidence-based perspectives on:
- Attractiveness quotient of emerging product/technology types in various products in the Permanent magnet synchronous motors market.
- Micro-economics factors that may hamper the prospects of some of the key segments
- Recent spate of research and development (R&D) funding on key Permanent magnet synchronous motors market
- New business models paving way for disruptions in demand dynamic of key segments
- Regional markets that will be future engine of growth and the industry trends that will support these markets
- Challenges overcoming which may offer industry players competitive edge
The key market players in the global Permanent magnet synchronous motors market include:
- Nidec Corporation
- Autotrol Corporation
- AMETEK, Inc.
- Hansen Corporation
- Emerson Global
- ABB Ltd.
- Rockwell Automation
- General Electric
- Siemens AG
Segmentation of Permanent Magnet Synchronous Motors Industry Research
* By Type :
* By Capacity :
- 375 to 450 kW
- 450 to 600 kW
- Above 600 kW
* By Control :
* By End Use :
- Electrical & Electronics
- Oil & Gas
* By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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- What is the key strategy deployed by large players to maximize Permanent magnet synchronous motors market growth?
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- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
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- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
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