Permanent magnet synchronous motors (PMSMs) are AC synchronous motors that receive field excitation by permanent magnets. These motors have sinusoidal back-EMF and are similar to brushless DC (BLDC) motors. PMSMs provide durability as well as electric stability and ensure reliable performance.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rise in industrial activities, standardizations on the usage of energy-efficient motors, and advantages of PMSM over other electric motors.

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Some of the key players profiled in the Permanent Magnet Synchronous Motor Market include Alstom, Baldor Electric Company Inc (ABB Group), DRS Technologies Inc, Emerson Electric Corp, General Electric Company, Hansen Corporation, Hitachi Ltd, Johnson Electric, Mitsubishi Electric Corporation, Nidec Corporation, Rockwell Automation Inc, Rolls Royce plc, Siemens AG, Toshiba Corporation and Zhejiang Zhongyuan Electric Co Ltd.

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