Permanent Magnet Synchronous Motor Market by Mounting Type, by Application and by Region - Global Trends & Forecasts to 2020

  • ID: 3341372
  • Report
  • Region: Global
  • 143 Pages
  • Markets and Markets
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Global PMSM Market is Projected to Reach USD 25.18 Billion by 2020 From an Estimated USD 15.24 Billion in 2015 at a CAGR of 10.6%

FEATURED COMPANIES

  • ABB Ltd.
  • Alstom SA
  • DRS Technologies
  • Emerson
  • General Electric Company
  • Hansen Corporation
  • MORE
"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"

Permanent Magnet Synchronous Motor (PMSM) market is mainly being driven by the growing need for conservation of energy, and highly efficient motors across automation and manufacturing industries including cement, plastic molding, chemicals and processing. Developing economies such as India, Brazil, and South Africa are expected to be the key geographies of demand in the coming years in their respective drives reduce power consumption. Growing need to switch to alternative energy applications, such as in transportation for hybrid and electric vehicles, are generating new market opportunities for manufacturers and suppliers of PMSMs.

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.

Increasing demand for energy-efficient motors, low power consumption, and increased use of Permanent Magnet Synchronous Motors in industrial sectors such as oil & gas, chemicals, metal & mining, power utilities and paper & pulp is likely to drive the PMSM market. Industrial growth in Asian countries such as China, India, and Japan would also boost its demand.

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.

The report provides insights about the major players operating in this market and the growth strategies adopted by them. The key players of the market such as ABB Ltd. (Switzerland), Alstom (France), Emerson (U.S.), Siemens AG (Germany), General Electric (U.S), Mitsubishi Electric Corporation (Japan), and WEG (Brazil), DRS Technologies (U.S.), Meidensha (Japan), Toshiba Corp. (Japan) among others have been profiled in this report.

Asia-Pacific dominated the market with a share of about 35% in 2014. It is estimated to be the fastest growing market at a CAGR of 10.5% from 2015 to 2020. Meanwhile, Europe is expected to grow at the highest CAGR of 12.0% during the forecast period. The use of PMSMs in applications such as wind power generation, automation industries, and railways would drive the market in the European region.

The report also offers the following customizations:

- Country-wise analysis for segments such as mounting type, power rating, and application
- Detailed analysis and profiling of additional market players (Up to 5)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB Ltd.
  • Alstom SA
  • DRS Technologies
  • Emerson
  • General Electric Company
  • Hansen Corporation
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Mounting Type
5.2.2 By Power Rating
5.2.3 By Application
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Demand for Energy-Efficient Motors
5.3.1.2 Use of Low-Cost Ferrite Permanent Magnets
5.3.1.3 Low Power Consumption
5.3.1.4 Increased Demand for PMSM in the Industrial Sector
5.3.1.4.1 PMSM to Drive Subsea Pumps in the Oil & Gas Industry
5.3.1.4.2 Use of PMSM in the Mining & Metal Industry
5.3.2 Restraints
5.3.2.1 High Initial Cost of the Motors
5.3.2.2 Induction Motor as A Cost-Effective Substitute
5.3.3 Opportunities
5.3.3.1 Demand for PMSM in Railway Vehicles
5.3.3.2 Depleting Energy Resources
5.3.4 Challenges
5.3.4.1 Scarcity of Rare Earth Magnets

7 PMSM Market, By Mounting Type
7.1 Introduction
7.2 Horizontal Mounting
7.3 Vertical Mounting

8 PMSM Market, By Application
8.1 Introduction
8.2 Oil & Gas
8.3 Industrial & Manufacturing
8.4 Metals & Mining
8.5 Power
8.6 Paper & Pulp
8.7 Pumps & Ventilation
8.8 Transportation
8.9 Commercial

9 PMSM Market, By Power Rating
9.1 Introduction
9.2 Power Rating (0-375 KW)
9.3 Power Rating (>375 KW)

10 PMSM Market, By Region
10.1 Introduction
10.2 the Americas
10.2.1 North America
10.2.1.1 U.S.
10.2.1.2 Canada
10.2.1.3 Mexico
10.2.2 South America
10.2.2.1 Brazil
10.2.2.2 Argentina
10.2.2.3 Venezuela
10.2.2.4 Rest of South America
10.2.3 Europe
10.2.3.1 U.K.
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Rest of Europe
10.3 Asia-Pacific
10.3.1.1 China
10.3.1.2 India
10.3.1.3 Japan
10.3.1.4 Australia
10.3.1.5 Rest of Asia-Pacific
10.4 Middle East & Africa
10.4.1.1 SAudi Arabia
10.4.1.2 UAE
10.4.1.3 Algeria
10.4.1.4 South Africa
10.4.1.5 Rest of Middle East & Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis, By Key Players
11.3 Competitive Situation & Trends
11.4 Joint Ventures
11.5 New Product/Technology Launches
11.6 Expansions
11.7 Mergers & Acquisitions
11.8 Contracts & Agreements

12 Company Profiles
12.1 Introduction
12.2 ABB Ltd.
12.2.1 Business Overview
12.2.2 Products Offered
12.2.3 SWOT Analysis
12.2.4 Recent Developments, 2013-2015
12.2.5 MnM View
12.3 Emerson
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments, 2014-2015
12.3.4 SWOT Analysis
12.3.5 MnM View
12.4 Hitachi Ltd.
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 Recent Developments, 2012-2013
12.5 Siemens AG
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Recent Developments, 2013-2015
12.5.4 SWOT Analysis
12.5.5 MnM View
12.6 Mitsubishi Electric Corporation
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments, 2011-2015
12.6.4 SWOT Analysis
12.6.5 MnM View
12.7 Alstom SA
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments, 2012-2015
12.7.4 SWOT Analysis
12.7.5 MnM View
12.8 Siemens AG
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Recent Developments, 2013-2015
12.8.4 SWOT Analysis
12.8.5 MnM View
12.9 General Electric Company
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.10 Meidensha Corporation
12.10.1 Business Overview
12.10.2 Products Offered
12.10.3 Recent Developments
12.11 WEG SA
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 Recent Developments, 2011-2014
12.12 DRS Technologies
12.12.1 Business Overview
12.12.2 Products Offered
12.12.3 Recent Developments, 2014
12.13 Hansen Corporation
12.13.1 Business Overview
12.13.2 Products Offered
12.13.3 Recent Developments, 2014
12.14 Toshiba International Corporation
12.14.1 Business Overview
12.14.2 Products Offered
12.14.3 Recent Developments, 2013
12.15 Zhejiang Zhongyuan Electric Co., Ltd.
12.15.1 Business Overview
12.15.2 Products Offered
12.15.3 Recent Developments, 2013

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List of Tables

Table 1 Permanent Magnet Synchronous Motor Market Size, By Mounting Type, 2013-2020 (USD Million)
Table 2 Horizontal Mounting Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 3 Vertical Mounting Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 4 Permanent Magnet Synchronous Motor Market, By Application, 2013-2020, (USD Million)
Table 5 Oil & Gas Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 6 Industrial & Manufacturing Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 7 Industrial & Manufacturing Permanent Magnet Synchronous Motor Market Size, By Top Country, 2013-2020 (USD Million)
Table 8 Metals & Mining Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 9 Power Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 10 Paper & Pulp Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 11 Pumps & Ventilation Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 12 Transportation Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 13 Transportation Market Size, By Top Country, 2013-2020 (USD Million)
Table 14 Commercial Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 15 Permanent Magnet Synchronous Motor Market Size, By Power Rating, 2013-2020 (USD Million)
Table 16 0-375 Power Rating Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 17 375 KW Power Rating Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 18 Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 19 Permanent Magnet Synchronous Motor Market Size, By Country, 2013-2020 (USD Million)
Table 20 Americas: Permanent Magnet Synchronous Motor Market Size, By Region, 2013-2020 (USD Million)
Table 21 The Americas: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 22 The Americas: Permanent Magnet Synchronous Motor Market Size, By Mounting Type, 2013-2020 (USD Million)
Table 23 The Americas: Permanent Magnet Synchronous Motor Market Size, By Power Rating, 2013-2020 (USD Million)
Table 24 North America: Permanent Magnet Synchronous Motor Market Size, By Country, 2013-2020 (USD Million)
Table 25 North America: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 26 U.S.: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 27 Canada: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 28 Mexico: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 29 South America: Permanent Magnet Synchronous Motor Market Size, By Country, 2013-2020 (USD Million)
Table 30 South America: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 31 Brazil: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 32 Argentina: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 33 Venezuela: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 34 Rest of South America: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 35 Europe: Permanent Magnet Synchronous Motor Market Size, By Country, 2013-2020 (USD Million)
Table 36 Europe: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 37 Europe: Permanent Magnet Synchronous Motor Market Size, By Mounting Type, 2013-2020
Table 38 Europe: Permanent Magnet Synchronous Motor Market Size, By Power Rating, 2013-2020 (USD Million)
Table 39 U.K.: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 40 Germany: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 41 France: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 42 Rest of Europe: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 43 Asia-Pacific: Permanent Magnet Synchronous Motor Market Size, By Country, 2013-2020 (USD Million)
Table 44 Asia-Pacific: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 45 Asia-Pacific: Permanent Magnet Synchronous Motor Market Size, By Mounting Type, 2013-2020
Table 46 Asia-Pacific: Permanent Magnet Synchronous Motor Market Size, By Power Rating, 2013-2020 (USD Million)
Table 47 China: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 48 India: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 49 Japan: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 50 Australia: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 51 Rest of Asia-Pacific: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 52 Middle East & Africa: Permanent Magnet Synchronous Motor Market Size, By Country, 2013-2020 (USD Million)
Table 53 Middle East & Africa: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 54 Middle East & Africa: Permanent Magnet Synchronous Motor Market, By Mounting Type, 2013-2020
Table 55 Middle East & Africa: Permanent Magnet Synchronous Motor Market, By Power Rating, 2013-2020 (USD Million)
Table 56 Saudi Arabia: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 57 UAE: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 58 Algeria: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 59 South Africa: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 60 Rest of Middle East & Africa: Permanent Magnet Synchronous Motor Market Size, By Application, 2013-2020 (USD Million)
Table 61 Joint Ventures, 2011-2014
Table 62 New Product/Technology Launches, 2012-2015
Table 63 Expansions, 2015
Table 64 Mergers & Acquisitions, 2013-2014
Table 65 Contracts & Agreements, 2013-2015

List of Figures

Figure 1 Markets Covered: Permanent Magnet Synchronous Motor Market
Figure 2 Permanent Magnet Synchronous Motor Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 Permanent Magnet Synchronous Motor Market: Application Snapshot
Figure 8 Asia-Pacific Dominated the Permanent Magnet Synchronous Motor Market in 2014
Figure 9 Maximum Demand for PMSM in Asia-Pacific is Expected to Come From the Industrial & Manufacturing Sector During the Forecast Period
Figure 10 Vertical Mounted PMSM is Expected to Grow At the Highest Rate During the Forecast Period
Figure 11 PMSM With Power Rating Between 0 & 375 KW Dominated the Market in 2014
Figure 12 Increasing Demand for Energy Efficient Motors Would Increase the Demand for Permanent Magnet Synchronous Motors
Figure 13 The Industrial & Manufacturing Sector to Hold the Largest Share Among Permanent Magnet Synchronous Motor Applications During the Forecast Period
Figure 14 Industrial & Manufacturing Application Segment Expected to Capture Major Market Share By 2020
Figure 15 Germany, China, & India are Potential Markets for PMSM
Figure 16 Asia-Pacific is Projected to Lead the Permanent Magnet Synchronous Motor Market By 2019
Figure 17 Permanent Magnet Synchronous Motor : Market Segmentation
Figure 18 Market Dynamics: Permanent Magnet Synchronous Motor Market
Figure 19 Permanent Magnet Synchronous Motor Market: Supply Chain Analysis
Figure 20 Permanent Magnet Synchronous Motor Market Share (Value), By Mounting Type, 2014
Figure 21 Potential Market for Horizontal Mount PMSM During the Forecast Period
Figure 22 Industrial & Manufacturing and Transportation Sectors are Expected to Grow During the Forecast Period
Figure 23 The European PMSM Market for Industrial & Manufacturing Sector is Expected to Grow At the Highest CAGR During the Forecast Period
Figure 24 Europe & Asia-Pacific are Expected to Be Potential Markets to Use PMSM for Transportation Application During the Forecast Period
Figure 25 Power Rating Between 0 to 375 KW is Expected to Capture the Largest Market Share in 2020
Figure 26 Potential Markets for PMSM Above 375 KW Segment
Figure 27 Regional Snapshot of the PMSM Market in 2014
Figure 28 Potential Market for PMSM From 2015 to 2020, By Application
Figure 29 Asia-Pacific: A Potential Market for PMSM During the Forecast Period
Figure 30 The Americas Permanent Magnet Synchronous Motor Market Snapshot
Figure 31 North America Permanent Magnet Synchronous Motor Market, By Country, Comparison 2015 vs. 2020
Figure 32 Europe Permanent Magnet Synchronous Motor Market Snapshot
Figure 33 Asia-Pacific Permanent Magnet Synchronous Motor Market Snapshot
Figure 34 Industrial & Manufacturing Sector to Dominate the PMSM Market in Asia-Pacific in 2020
Figure 35 Horizontal Mount PMSM Motor Leads the PMSM Market in Asia-Pacific
Figure 36 Middle East & Africa Permanent Magnet Synchronous Motor Market Snapshot
Figure 37 Middle East & Africa: Permanent Magnet Synchronous Motor Market, Top Countries
Figure 38 Companies Adopted Business Expansions and Contracts & Agreements as the Key Growth Strategies in the Past Four Years
Figure 39 Alstom Held the Largest Share in the PMSM Market In2014
Figure 40 Market Evaluation Framework
Figure 41 Battle for Market Share: Contracts & Agreements Was the Key Strategy
Figure 42 Regional Revenue Mix of the Top Five Players
Figure 43 ABB Ltd.: Company Snapshot
Figure 44 ABB Ltd.: SWOT Analysis
Figure 45 Emerson: Company Snapshot
Figure 46 Emerson: SWOT Analysis
Figure 47 Siemens AG: Company Snapshot
Figure 48 Siemens AG: SWOT Analysis
Figure 49 Mitsubishi Electric Corporation: Company Snapshot
Figure 50 Mitsubishi Electric Corporation: SWOT Analysis
Figure 51 Alstom SA: Company Snapshot
Figure 52 Alstom SA: SWOT Analysis
Figure 53 Siemens AG: Company Snapshot
Figure 54 Siemens AG: SWOT Analysis
Figure 55 General Electric Company: Company Snapshot
Figure 56 Hitachi Ltd: Company Snapshot
Figure 57 Meidensha Corporation: Company Snapshot
Figure 58 WEG SA: Company Snapshot
Figure 59 DRS Technologies: Company Snapshot
Figure 60 Hansen Corporation: Company Snapshot
Figure 61 Toshiba International Corporation: Company Snapshot
Figure 62 Zhejiang Zhongyuan Electric Co., Ltd.: Company Snapshot
Note: Product cover images may vary from those shown
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- ABB Ltd.
- Alstom SA
- DRS Technologies
- Emerson
- General Electric Company
- Hansen Corporation
- Hitachi Ltd.
- Meidensha Corporation
- Mitsubishi Electric Corporation
- Siemens AG
- Toshiba International Corporation
- WEG SA
- Zhejiang Zhongyuan Electric Co., Ltd.
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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