Markets And Markets

Permanent Magnet Synchronous Motor Market is projected to 25.18 Billion USD by 2020 - Asia Pacific is the Key region.

Press Release   •   Feb 15, 2016 03:39 EST

The report “Permanent Magnet Synchronous Motor Market by Mounting Type (Horizontal & Vertical), Power Rating (Below 375 kW and Above 375 kW), by Application (Oil & Gas, Industrial & Manufacturing, Power, & Transportation), by Region - Global Trends & Forecasts to 2020” defines, segments, analyzes, and forecasts the global PMSM market. It also identifies the driving and restraining factors of the PMSM market, with an analysis of trends, opportunities, and competitive landscape.

Browse 65 market tables and 62 figures spread through 201 pages on Permanent Magnet Synchronous Motor - Global Trends & Forecasts to 2020.

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The market on the basis of region has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The PMSM market is projected to reach USD 25.18 Billion by 2020, at a CAGR of 10.6% from 2015 to 2020.

Key Players of Market (Companies):

The top players of the PMSM market include Alstom (France), ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Mitsubishi Electric Corporation (Japan), and WEG (Brazil) among others.

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The Asia-Pacific region is expected to dominate the PMSM market during the next five years

Asia-Pacific is the largest market for PMSM. The region, which has done well in the past 10 years, accounted for around 35% of the total market share in 2014. The growth rate has scaled up due to rise in industrial activities, standardizations on the usage of energy-efficient motors, and advantages of PMSM over other electric motors.

Industrial & manufacturing sector– Major application for the PMSM market

PMSMs have a diverse range of applications in industries such as oil & gas, industrial & manufacturing sector, metals & mining, power, paper & pulp, transportation, and commercial among others. The industrial and manufacturing sector captures the major market, which includes the use of PMSMs for pumps, extruders, and compressors. PMSMs find majority of its application in chemical and process and cement manufacturing industries among others. In addition, increase in industrial activities in countries such as China, India, and Japan acts as a major driver of the PMSM market.

The report has been segmented on the basis of application, mounting type, power rating, and region as follows:-

On the basis of application: The report analyzes PMSM market by application into, oil & gas, industrial & manufacturing, power, paper & pulp, transportation, commercial, metals & mining, pumps & ventilation systems. The markets for major countries in each region by application have also been provided in the report.

On the basis of mounting type: Under this segmentation, the report considers the use of PMSMs by type of mounting such as horizontal mounting and vertical/inclined mounting. The markets of each region by mounting type have also been provided in the report.

On the basis of power rating: Power ratings below 375kW and above 375kW have been considered in this segment.

On the basis of region: The regions analyzed in the report include the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific is expected to be a lucrative market for PMSMs during the forecast period.

Research Methodology:

This report caters to PMSM manufacturers, dealers, suppliers, permanent magnet providers, raw material providers, consulting companies in the energy and power sector, government and research organizations, electric motor associations, power & electrical associations, and investment banks. The advantages of the PMSM such as high power density, fast dynamic response, and high efficiency would boost its usage in motor applications. Apart from this, PMSMs have a 30% to 60% higher torque capacity with faster acceleration and deceleration, as compared to asynchronous type motors. These drivers are likely to push the PMSM market over other motor types. The global PMSM market was valued at USD 14.32 Billion in 2014. It is expected to reach USD 25.18 Billion by 2020.

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