World Permanent Magnet Synchronous Motor (PMSM) Market - Opportunities and Forecasts, 2015-2022

  • ID: 3773265
  • Report
  • Region: Global
  • 118 pages
  • Allied Analytics LLP
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World Permanent Magnet Synchronous Motor (PMSM) Market is Expected to Garner $31.1 Billion by 2022

FEATURED COMPANIES

  • DRS Technologies Inc.
  • Emerson Electric Corp.
  • General Electric Company
  • Hitachi Ltd.
  • Johnson Electric
  • Rockwell Automation Inc.
  • MORE
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.

Major factors influencing the market growth are rising need and demand for energy-efficient low power-consuming motors, growing demand of PMSMs in industrial and agricultural sectors, and increasing awareness towards the use of green vehicles. Furthermore, increasing emphasis on the maintenance and use of standard motors is likely to create opportunities for market growth in the future.

The market is segmented based on voltage range, application, and geography. Based on the voltage range, it includes above 60V, 41V-60V, 31V-40V, 21V-30V, 10V-20V, and 9V and below. The applications assessed in the report include automation, consumer electronics, residential & commercial, automotive & transportation, lab equipment, medical, and military/aerospace. Geographically, the PMSM market is divided across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific held the largest market share in 2015; however, LAMEA is likely to witness highest growth during the forecast period owing to increase in demand for these motors.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

The report provides integrated information on the major drivers, restraints, and opportunities influencing the industry growth during the forecast period.
SWOT analysis of major brands highlights their weaknesses, strengths, opportunities, and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region-wise business performance is likely to be valuable for enterprises planning to explore new areas.
Frameworks such as Porters Five Forces and value chain analysis, highlight the industry competitiveness and the role of the various stakeholders involved in the delivery of final product.
This study further outlines the prominent market players and their business strategies to maintain their position.
Key market players profiled in the report are DRS Technologies, Emerson, General Electric, Siemens AG, Mitsubishi Electric Corporation, and Toshiba Corp.

PERMANENT MAGNET SYNCHRONOUS MOTOR MARKET SEGMENTATION

The world permanent magnet synchronous motor market is divided based on voltage range, application, and geography.

PERMANENT MAGNET SYNCHRONOUS MOTOR MARKET - BY VOLTAGE RANGE

Above 60V
41V-60V
31V-40V
21V-30V
10V-20V
9V and below

PERMANENT MAGNET SYNCHRONOUS MOTOR MARKET - BY APPLICATION

Automation
Consumer Electronics
Residential & Commercial
Automotive & Transportation
Lab Equipment
Medical
Military/Aerospace

PERMANENT MAGNET SYNCHRONOUS MOTOR MARKET - BY GEOGRAPHY

North America
Europe
Asia-Pacific
China
Rest of Asia-Pacific
LAMEA
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DRS Technologies Inc.
  • Emerson Electric Corp.
  • General Electric Company
  • Hitachi Ltd.
  • Johnson Electric
  • Rockwell Automation Inc.
  • MORE
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY
2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.4 Porters five forces analysis
3.4.1 Low concentration of buyers and low product differentiation lower the bargaining power of buyers
3.4.2 Less price sensitive buyers maximizes the bargaining power of suppliers
3.4.3 Lack of substitutes for permanent magnet synchronous motors in the market leads to no threat of substitutes
3.4.4 High initial investment lowers the threat of new entrants in the industry
3.4.5 Fragmented buyers and brand loyalty balance the competitive rivalry in the industry
3.5 Market share analysis, 2015 (%)
3.6 Drivers
3.6.1 High efficiency of PMSM
3.6.2 Use of low cost permanent magnets
3.6.3 Reduced power consumption
3.6.4 Rising demand in industrial and agricultural sectors
3.6.5 Increasing awareness of green vehicles (electric vehicle)
3.7 Restraints
3.7.1 High price and scarcity of rare earth magnets
3.7.2 Production of magnets is limited to some countries
3.8 Opportunities
3.8.1 Expansion in oil and gas industries
3.8.2 Increasing dependence on rare earth magnets

Chapter: 4 WORLD PERMANENT MAGNET SYNCHRONOUS MOTOR (PMSM) MARKET, BY APPLICATION
4.1 Automation
4.1.1 Key market trends
4.1.2 Key drivers & opportunities
4.1.3 Market size and forecast
4.2 Consumer electronics
4.2.1 Key market trends
4.2.2 Key drivers & opportunities
4.2.3 Market size and forecast
4.3 Residential & commercial
4.3.1 Key market trends
4.3.2 Key drivers & opportunities
4.3.3 Market size and forecast
4.4 Lab equipment
4.4.1 Key market trends
4.4.2 Key drivers & opportunities
4.4.3 Market size and forecast
4.5 Medical
4.5.1 Key market trends
4.5.2 Key drivers & opportunities
4.5.3 Market size and forecast
4.6 Military/Aerospace
4.6.1 Key market trends
4.6.2 Key drivers & opportunities
4.6.3 Market size and forecast
4.7 Automotive & transportation
4.7.1 Key market trends
4.7.2 Key drivers & opportunities
4.7.3 Market size and forecast

Chapter: 5 WORLD PERMANENT MAGNET SYNCHRONOUS MOTOR (PMSM) MARKET, BY VOLTAGE RANGE
5.1 9 Volts and below
5.1.1 Key market trends
5.1.2 Key drivers & opportunities
5.1.3 Market size and forecast
5.1.4 Market volume and forecast
5.2 10V - 20V
5.2.1 Key market trends
5.2.2 Key drivers & opportunities
5.2.3 Market size and forecast
5.2.4 Market volume and forecast
5.3 21V - 30V
5.3.1 Key market trends
5.3.2 Key drivers & opportunities
5.3.3 Market size and forecast
5.3.4 Market volume and forecast
5.4 31V - 40V
5.4.1 Key market trends
5.4.2 Key drivers & opportunities
5.4.3 Market size and forecast
5.4.4 Market volume and forecast
5.5 41V - 60V
5.5.1 Key market trends
5.5.2 Key drivers & opportunities
5.5.3 Market size and forecast
5.5.4 Market volume and forecast
5.6 60V and above
5.6.1 Key market trends
5.6.2 Key drivers & opportunities
5.6.3 Market size and forecast
5.6.4 Market volume and forecast

Chapter: 6 WORLD PERMANENT MAGNET SYNCHRONOUS MOTOR (PMSM) MARKET, BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Key drivers and opportunities
6.1.3 Market size and forecast
6.2 Europe
6.2.1 Key market trends
6.2.2 Key drivers & opportunities
6.2.3 Market size and forecast
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Key drivers & opportunities
6.3.3 Market size and forecast
6.3.5 China
6.3.5.1 Key market trends
6.3.5.2 Key drivers & opportunities
6.3.5.3 Market size and forecast
6.3.6 Rest of Asia-Pacific
6.3.6.1 Key market trends
6.3.6.2 Key drivers & opportunities
6.3.6.3 Market size and forecast
6.4 LAMEA
6.4.1 Key market trends
6.4.2 Key drivers & opportunities
6.4.3 Market size and forecast

Chapter: 7 COMPANY PROFILES
7.1 Baldor Electric Company, Inc. (ABB Group)
7.1.1 Company overview
7.1.2 Business performance
7.1.3 Strategic moves & developments
7.1.4 SWOT analysis
7.2 Rockwell Automation, Inc.
7.2.1 Company overview
7.2.2 Business performance
7.2.3 Strategic moves & developments
7.2.4 SWOT analysis
7.3 Siemens AG
7.3.1 Company overview
7.3.2 Business performance
7.3.3 Strategic moves & developments
7.3.4 SWOT analysis
7.4 Toshiba Corporation
7.4.1 Company overview
7.4.2 Business performance
7.4.3 Strategic moves & developments
7.4.4 SWOT analysis
7.5 Hitachi Ltd.
7.5.1 Company overview
7.5.2 Business performance
7.5.3 Strategic moves & developments
7.5.4 SWOT analysis
7.6 Emerson Electric Corp.
7.6.1 Company overview
7.6.2 Business performance
7.6.3 Strategic moves & developments
7.6.4 SWOT analysis
7.7 Johnson Electric
7.7.1 Company overview
7.7.2 Business performance
7.7.3 Strategic moves & developments
7.7.4 SWOT analysis
7.8 DRS Technologies Inc.
7.8.1 Company overview
7.8.2 Strategic moves & developments
7.8.3 SWOT analysis
7.9 General Electric Company
7.9.1 Company overview
7.9.2 Business performance
7.9.3 Strategic moves & developments
7.9.4 SWOT analysis
7.10 Mitsubishi Electric Corporation
7.10.1 Company overview
7.10.2 Business performance
7.10.3 Strategic moves & developments
7.10.4 SWOT analysis

Table 1 World Pmsm Market By Geography, 20152022 ($Million)
Table 2 World Pmsm Market By Application, 20152022 ($Million)
Table 3 World Pmsm Market In Automation Application, By Geography, 20152022 ($Million)
Table 4 World Pmsm Market In Consumer Electronics Application, By Geography, 20152022 ($Million)
Table 5 World Pmsm Market In Residential & Commerical Application, By Geography, 20152022 ($Million)
Table 6 World Pmsm Market In Lab Equipment Application, By Geography, 20152022 ($Million)
Table 7 World Pmsm Market In Medical Application, By Geography, 20152022 ($Million)
Table 8 World Pmsm Market In Aerospace & Military Application, By Geography, 20152022 ($Million)
Table 9 World Pmsm Market In Automotive & Transportation Application, By Geography, 20152022 ($Million)
Table 10 World Pmsm Market, By Voltage Range, 20152022 ($Million)
Table 11 World Pmsm Market, By Voltage Range, 20152022 (Million Units)
Table 12 World Pmsm Market For Voltage Range 9V & Below, By Geography, 20152022 ($Million)
Table 13 World Pmsm Market For Voltage Range 9V & Below, By Geography, 20152022 (Million Units)
Table 14 World Pmsm Market For Voltage Range 10V-20V, By Geography, 20152022 ($Million)
Table 15 World Pmsm Market For Voltage Range 10V-20V, By Geography, 20152022 (Million Units)
Table 16 World Pmsm Market For Voltage Range 21V-30V, By Geography, 20152022 ($Million)
Table 17 World Pmsm Market For Voltage Range 21V-30V, By Geography, 20152022 (Million Units)
Table 18 World Pmsm Market For Voltage Range 31V-40V, By Geography, 20152022 ($Million)
Table 19 World Pmsm Market For Voltage Range 31V-40V, By Geography, 20152022 (Million Units)
Table 20 World Pmsm Market For Voltage Range 41V-60V, By Geography, 20152022 ($Million)
Table 21 World Pmsm Market For Voltage Range 41V-60V, By Geography, 20152022 (Million Units)
Table 22 World Pmsm Market For Voltage Range 60V & Above, By Geography, 20152022 ($Million)
Table 23 World Pmsm Market For Voltage Range 60V & Above, By Geography, 20152022 (Million Units)
Table 24 North America Pmsm Market By Application, 20152022 ($Million)
Table 25 Europe Pmsm Market By Application, 20152022 ($Million)
Table 26 Asia-Pacific Pmsm Market By Application, 20152022 ($Million)
Table 27 China Pmsm Market By Application, 20152022 ($Million)
Table 28 Rest Of Asia-Pacific Pmsm Market By Application, 20152022 ($Million)
Table 29 Lamea Pmsm Market By Application, 20152022 ($Million)
Table 30 Baldor Electric Company, Inc. - Company Snapshot
Table 31 Rockwell Automation, Inc. - Company Snapshot
Table 32 Siemens Ag - Company Snapshot
Table 33 Snapshot Of Toshiba Corporation
Table 34 Hitachi Ltd.- Company Snapshot
Table 35 Emerson Electric Corp.- Company Snapshot
Table 36 Johnson Electric: Company Snapshot
Table 37 Drs Technologies, Inc. - Company Snapshot
Table 38 General Electric Company - Company Snapshot
Table 39 Mitsubishi Electric Corporation - Company Snapshot

Fig. 1 Top Impacting Factors
Fig. 2 Top Winning Strategies In The Pmsm Market
Fig. 3 Top Winning Strategies Analysis
Fig. 4 Top Investment Pockets
Fig. 5 Value Chain Analysis Of Pmsm Market
Fig. 6 Porters Five Forces Analysis
Fig. 7 Market Share Analysis Of Pmsm Companies, 2015 (%)
Fig. 8 Baldor Electric Company, Inc.: Net Revenue, 20132015 ($Million)
Fig. 9 Baldor Electric Company, Inc.: Net Revenue, By Geography, 2015 (%)
Fig. 10 Baldor Electric Company, Inc.: Net Revenue, By Business Segment, 2015 (%)
Fig. 11 Baldor Electric Company, Inc. - Swot Analysis
Fig. 12 Rockwell Automation, Inc.: Net Revenue, 20122015 ($Million)
Fig. 13 Rockwell Automation, Inc.: Net Revenue, By Geography, 2015 (%)
Fig. 14 Rockwell Automation, Inc.: Net Revenue, By Division, 2015 (%)
Fig. 15 Rockwell Automation, Inc. - Swot Analysis
Fig. 16 Siemens Ag: Net Revenue,20122015 ($Million)
Fig. 17 Siemens Ag: Net Revenue, By Geography, 2015 (%)
Fig. 18 Siemens Ag: Net Revenue, By Business Segment, 2015 (%)
Fig. 19 Siemens Ag - Swot Analysis
Fig. 20 Toshiba Corporation: Net Revenue, 20122015 ($Million)
Fig. 21 Toshiba Corporation: Net Revenue, By Geography, 2015 (%)
Fig. 22 Toshiba Corporation: Net Revenue, By Business Segment, 2015 (%)
Fig. 23 Toshiba Corporation - Swot Analysis
Fig. 24 Hitachi Ltd.: Net Revenue, 20122015 ($Million)
Fig. 25 Hitachi Ltd: Net Revenue, By Geography, 2015 (%)
Fig. 26 Hitachi Ltd. - Swot Analysis
Fig. 27 Emerson Electric Corp.: Net Revenue, 20122015 ($Million)
Fig. 28 Emerson Electric Corp.: Net Revenue, By Geography, 2015 (%)
Fig. 29 Emerson Electric Corp.: Net Revenue, By Business Segment, 2015 (%)
Fig. 30 Emerson Electric Corp. - Swot Analysis
Fig. 31 Johnson Electric: Net Revenue, 20122015 ($Million)
Fig. 32 Johnson Electric: Net Revenue, By Geography, 2015 (%)
Fig. 33 Johnson Electric: Net Revenue, By Business Segment, 2015 (%)
Fig. 34 Johnson Electric - Swot Analysis
Fig. 35 Drs Technologies, Inc. - Swot Analysis
Fig. 36 General Electric Company: Net Revenue, 20132015 ($Million)
Fig. 37 General Electric Company: Net Revenue, By Business Segment, 2015 (%)
Fig. 38 General Electric Company: Net Revenue, By Geography, 2015 (%)
Fig. 39 General Electric Company - Swot Analysis
Fig. 40 Mitsubishi Electric Corporation: Net Revenue, 20132015 ($Million)
Fig. 41 Mitsubishi Electric Corporation: Net Revenue, By Business Segment, 2015 (%)
Fig. 42 Mitsubishi Electric Corporation - Swot Analysis
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FEATURED COMPANIES

  • DRS Technologies Inc.
  • Emerson Electric Corp.
  • General Electric Company
  • Hitachi Ltd.
  • Johnson Electric
  • Rockwell Automation Inc.
  • MORE
According to a new report published by Allied Market Research, titled, "World Permanent Magnet Synchronous Motor (PMSM) Market" the world PMSM market is likely to generate revenue of $31.1 billion by 2022, growing at a CAGR of 10.9% from 2016 to 2022. Asia-Pacific is expected to dominate the PMSM market in terms of revenue as well as volume, during the forecast period, due to ample availability of low-cost raw materials, improved government regulations, and increased spending power of customers.

PMSMs are widely used in automation, consumer electronics, medical and lab equipment, and automotive amongst others. The automation sector is a significant revenue contributor to the PMSM market, accounting for over 30% of the overall revenue throughout the analysis period. This is attributable to the prominent role played by PMSM in the motion-control applications owing to its functionalities such as high efficiency, compact size, high power, and high torque-to-inertia ratio. From a revenue growth perspective, lab equipment would be the most lucrative application sector, owing to the to the high demand for PMSM from lab equipment manufacturers due to its high torque, speed, and reliability.

PMSMs within the voltage range of 21V30V are anticipated to be the leading revenue generators. The segment is expected to contribute over 20% of the market revenue, throughout the analysis period. This is due to increased use of PMSM machine tools which reduce the vibrations in machines. Also, these machine tools have witnessed significant growth due to high demand for industrial machines from small and medium enterprises, particularly in the developing countries. In terms of volume, 10V-20V would account for the largest units shipped during the forecast period. PMSM of this range provides high efficiency, requires low-operating temperature, and reduces the weight of motors. Thus, their suitability across the varied applications would continue to supplement their market growth.

Asia-Pacific leads the world PMSM market, accounting for around 44% of the overall market revenue in 2015. The region is expected to maintain its dominance over the forecast period. Whereas, LAMEA is expected to exhibit the fastest revenue growth, owing to the increased applications of PMSM in the automation sector, decreased prices of raw materials, and technological advancements in the region.

Key findings of the study:

The automation sector is expected to lead the market during the forecast period, attributed to high efficiency, compact size, high power, and high torque-to-inertia ratio that PMSM provides.
PMSMs with voltage range 9V and below is expected to be the fastest growing product segment, in terms of revenue.
LAMEA is expected to register the highest growth over the forecast period.
Industry participants focus on introducing new products and acquisitions to strengthen their market share.
PMSM market comprises dominant players such as Baldor Electric Company, General Electric Company, and Siemens AG. These players focus on the development of new technology, launch of novel products with innovative variations, and acquisition as their key strategies to strengthen their position in the market.
Note: Product cover images may vary from those shown
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- Baldor Electric Company Inc. (ABB Group)
- Rockwell Automation Inc.
- Siemens AG
- Toshiba Corporation
- Hitachi Ltd.
- Emerson Electric Corp.
- Johnson Electric
- DRS Technologies Inc.
- General Electric Company
- Mitsubishi Electric Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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