Product Code: ETC13364796 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Permanent Magnet Synchronomotor Market was valued at USD 14.1 Billion in 2024 and is expected to reach USD 22.6 Billion by 2031, growing at a compound annual growth rate of 6.90% during the forecast period (2025-2031).
The global permanent magnet synchronous motor (PMSM) market is experiencing steady growth due to its energy efficiency, high power density, and growing demand across various industries such as automotive, industrial, and consumer electronics. Factors driving the market include increasing focus on electric vehicles, renewable energy projects, and industrial automation. The automotive sector is a key contributor to the market growth, with PMSM being widely used in electric vehicles for propulsion. Industrial automation applications, such as robotics and HVAC systems, also propel the market. Geographically, Asia Pacific dominates the market due to the presence of major manufacturers in countries like China, Japan, and South Korea. With technological advancements and increasing adoption of PMSM in various sectors, the global market is expected to continue its growth trajectory in the coming years.
The Global Permanent Magnet Synchronous Motor (PMSM) market is witnessing significant growth driven by increasing demand for energy-efficient and high-performance motors across various industries such as automotive, industrial, and consumer electronics. The adoption of PMSMs is on the rise due to their advantages such as higher efficiency, lower maintenance requirements, and better control over speed and torque. Additionally, the growing emphasis on sustainability and environmental regulations is propelling the market further. Key opportunities in the market include advancements in magnet technology to enhance motor performance, increasing investments in electric vehicles and renewable energy systems, and the development of smart and connected motor solutions. Companies are focusing on innovations in materials and designs to meet the evolving needs of the market and capitalize on the growing demand for PMSMs.
The Global Permanent Magnet Synchronous Motor (PMSM) market faces several challenges, including intense competition among manufacturers leading to pricing pressures, the high initial investment required for R&D and production facilities, and the limited availability of rare earth materials used in manufacturing permanent magnets. Additionally, technological advancements and the need for energy efficiency drive constant innovation, putting pressure on companies to stay ahead in terms of product development. Market volatility and economic uncertainties further add to the challenges faced by players in the PMSM market. Adapting to changing regulations, maintaining quality standards, and addressing environmental concerns related to production processes also present hurdles for companies operating in this sector. Overall, navigating these challenges requires strategic planning, innovation, and a deep understanding of market dynamics.
The Global Permanent Magnet Synchronous Motor Market is primarily driven by the increasing demand for energy-efficient and high-performance electric motors across various industries such as automotive, electronics, and industrial manufacturing. These motors offer higher efficiency, better power density, and improved performance compared to traditional motors, making them a preferred choice for applications requiring high precision and reliability. Additionally, stringent government regulations promoting energy efficiency and the growing trend towards electric vehicles are further propelling the market growth. Technological advancements in motor design, such as the use of rare earth magnets and advanced control systems, are also contributing to the market expansion. The shift towards sustainable energy solutions and the rising adoption of automation and robotics in various sectors are expected to continue driving the growth of the Permanent Magnet Synchronous Motor Market globally.
Government policies related to the Global Permanent Magnet Synchronous Motor Market mainly focus on promoting energy efficiency and reducing greenhouse gas emissions. Many countries have implemented regulations and standards that encourage the adoption of permanent magnet synchronous motors in various industries such as automotive, aerospace, and electronics. These policies often include incentives or subsidies for manufacturers and users to invest in energy-efficient technologies, as well as mandatory efficiency requirements for specific applications. Additionally, some governments have introduced programs to support research and development in the field of permanent magnet synchronous motors to drive innovation and improve performance. Overall, the regulatory landscape is aimed at fostering sustainable growth and advancing the transition towards a cleaner and more sustainable energy future.
The Global Permanent Magnet Synchronous Motor Market is expected to witness significant growth in the coming years due to the increasing demand for energy-efficient and high-performance electric motors across various industries such as automotive, industrial, and consumer electronics. The market is driven by factors such as the growing adoption of electric vehicles, rising focus on renewable energy generation, and advancements in motor technology. Additionally, stringent government regulations promoting energy efficiency and the need for reducing carbon emissions are further propelling the market growth. Key players in the market are focusing on research and development activities to introduce innovative products with improved efficiency and performance. Overall, the Global Permanent Magnet Synchronous Motor Market is poised for steady growth and is likely to offer lucrative opportunities for market players in the foreseeable future.
In the global Permanent Magnet Synchronous Motor (PMSM) market, Asia-Pacific is expected to witness significant growth due to the rapid industrialization and increasing adoption of electric vehicles in countries like China, Japan, and South Korea. North America and Europe are also key regions driving market growth, with advancements in automotive and industrial sectors contributing to the demand for PMSMs. The Middle East and Africa region is anticipated to show moderate growth, primarily driven by the increasing focus on renewable energy sources. Latin America is also witnessing a steady rise in the adoption of PMSMs, especially in the automotive and energy sectors. Overall, the global PMSM market is characterized by a competitive landscape with key players focusing on technological advancements and strategic partnerships to gain a competitive edge in the market.
Global Permanent Magnet Synchronomotor Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Permanent Magnet Synchronomotor Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 & 2031F |
3.3 Global Permanent Magnet Synchronomotor Market - Industry Life Cycle |
3.4 Global Permanent Magnet Synchronomotor Market - Porter's Five Forces |
3.5 Global Permanent Magnet Synchronomotor Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Permanent Magnet Synchronomotor Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.7 Global Permanent Magnet Synchronomotor Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Permanent Magnet Synchronomotor Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.9 Global Permanent Magnet Synchronomotor Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Global Permanent Magnet Synchronomotor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Permanent Magnet Synchronomotor Market Trends |
6 Global Permanent Magnet Synchronomotor Market, 2021 - 2031 |
6.1 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Brushless DC Motor, 2021 - 2031 |
6.1.3 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Stepper Motor, 2021 - 2031 |
6.1.4 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By AC Synchronous Motor, 2021 - 2031 |
6.1.5 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Servo Motor, 2021 - 2031 |
6.1.6 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Linear Synchronomotor, 2021 - 2031 |
6.2 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Electric Vehicles, 2021 - 2031 |
6.2.3 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industrial Automation, 2021 - 2031 |
6.2.4 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Robotics, 2021 - 2031 |
6.2.5 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Renewable Energy, 2021 - 2031 |
6.2.6 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Consumer Electronics, 2021 - 2031 |
6.3 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Low Power, 2021 - 2031 |
6.3.3 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Medium Power, 2021 - 2031 |
6.3.4 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By High Power, 2021 - 2031 |
6.3.5 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Variable Power, 2021 - 2031 |
6.3.6 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Custom Power, 2021 - 2031 |
6.4 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.4.3 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Manufacturing, 2021 - 2031 |
6.4.4 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Robotics, 2021 - 2031 |
6.4.5 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Aerospace, 2021 - 2031 |
6.4.6 Global Permanent Magnet Synchronomotor Market, Revenues & Volume, By Electronics, 2021 - 2031 |
7 North America Permanent Magnet Synchronomotor Market, Overview & Analysis |
7.1 North America Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 - 2031 |
7.2 North America Permanent Magnet Synchronomotor Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
7.4 North America Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
7.6 North America Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
8 Latin America (LATAM) Permanent Magnet Synchronomotor Market, Overview & Analysis |
8.1 Latin America (LATAM) Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Permanent Magnet Synchronomotor Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
8.4 Latin America (LATAM) Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
8.6 Latin America (LATAM) Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
9 Asia Permanent Magnet Synchronomotor Market, Overview & Analysis |
9.1 Asia Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Permanent Magnet Synchronomotor Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
9.4 Asia Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
9.6 Asia Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
10 Africa Permanent Magnet Synchronomotor Market, Overview & Analysis |
10.1 Africa Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
10.4 Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
10.6 Africa Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
11 Europe Permanent Magnet Synchronomotor Market, Overview & Analysis |
11.1 Europe Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Permanent Magnet Synchronomotor Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
11.4 Europe Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
11.6 Europe Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
12 Middle East Permanent Magnet Synchronomotor Market, Overview & Analysis |
12.1 Middle East Permanent Magnet Synchronomotor Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Permanent Magnet Synchronomotor Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Permanent Magnet Synchronomotor Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Permanent Magnet Synchronomotor Market, Revenues & Volume, By Motor Type, 2021 - 2031 |
12.4 Middle East Permanent Magnet Synchronomotor Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Permanent Magnet Synchronomotor Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
12.6 Middle East Permanent Magnet Synchronomotor Market, Revenues & Volume, By Industry, 2021 - 2031 |
13 Global Permanent Magnet Synchronomotor Market Key Performance Indicators |
14 Global Permanent Magnet Synchronomotor Market - Export/Import By Countries Assessment |
15 Global Permanent Magnet Synchronomotor Market - Opportunity Assessment |
15.1 Global Permanent Magnet Synchronomotor Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Permanent Magnet Synchronomotor Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
15.3 Global Permanent Magnet Synchronomotor Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Permanent Magnet Synchronomotor Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
15.5 Global Permanent Magnet Synchronomotor Market Opportunity Assessment, By Industry, 2021 & 2031F |
16 Global Permanent Magnet Synchronomotor Market - Competitive Landscape |
16.1 Global Permanent Magnet Synchronomotor Market Revenue Share, By Companies, 2024 |
16.2 Global Permanent Magnet Synchronomotor Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |