The Permanent Magnet Synchronous Motor PMSM Global Market Report 2023 by The Business Research Company, provides permanent magnet synchronous motor PMSM market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.



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According to The Business Research Company’s Permanent Magnet Synchronous Motor PMSM Global Market Report 2023, the market size grew from $23.77 billion in 2022 to $27.44 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of permanent magnet synchronous motor (PMSM) market is expected to grow to $48.6 billion in 2027 at a CAGR of 15.4%.

The emergence of green vehicles is significantly contributing to the growth of the permanent magnet synchronous motor (PMSM) market. A green vehicle, also known as a clean vehicle or an eco-friendly vehicle, is a road motor vehicle that has fewer negative environmental effects than comparable conventional internal combustion engine vehicles that are powered by diesel, or alternative fuel vehicles. Due to its zero-emission and fuel economy standards, the demand for green vehicles is increasing.

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The permanent magnet synchronous motor PMSM market is segmented:
1) By Type: Surface, Interior

2) By Capacity: 375-450 kW, 450-600 kW, Above 600 kW

3) By Voltage Range: Above 60V, 41V60V, 31V40V, 21V30V, 10V20V, 9V and below

4) By Application: Automation, Consumer Electronics, Residential and Commercial, Automotive and Transportation, Lab Equipment, Medical, Military and Aerospace

Technological advancements are the key trend being followed by the companies operating in the permanent magnet synchronous motor (PMSM) market. The rapid advancement of permanent magnet (PM) manufacturing technologies has significantly enhanced the efficiency and output power of PM synchronous machines (PMSMs), prompting the use of direct-drive-type high-speed PMSMs rather than traditional mechanical gear transmission systems in a number of industrial fields. For instance, in February 2021, according to the data by Find My Electric, that supports Tesla’s mission to accelerate the world’s transition to sustainable energy, the adaptive suspension, along with the PMSR motor and other powertrain modifications, is part of Tesla's next generation of technology to improve efficiency and ride quality on the model S and model X. The Raven Adaptive Suspension was designed exclusively for the Model S and X, and it was only offered as a standard option on the performance and long-range trim levels when it debuted in 2019. Tesla has developed the adaptive suspension as part of its Raven update. Tesla is a company operating a permanent magnet synchronous motor based in the United States.

The permanent magnet synchronous motor PMSM market report table of contents includes:
1. Executive Summary
2. Permanent Magnet Synchronous Motor (PMSM) Market Characteristics
3. Permanent Magnet Synchronous Motor (PMSM) Market Trends And Strategies
4. Permanent Magnet Synchronous Motor (PMSM) Market – Macro Economic Scenario
..............
26. Africa Permanent Magnet Synchronous Motor (PMSM) Market
27. Permanent Magnet Synchronous Motor (PMSM) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Permanent Magnet Synchronous Motor (PMSM) Market
29. Permanent Magnet Synchronous Motor (PMSM) Market Future Outlook and Potential Analysis
30. Appendix
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