Global Market Research Reports

  Overview and Scope The permanent magnet synchronous motor (PMSM) is used for high-efficiency and high-performance motor drives. The permanent magnet synchronous motor refers to an AC synchronous motor for which field excitation is provided by permanent magnets and has a sinusoidal back EMF waveform. PMSM can generate torque at zero speed, but it requires a digitally controlled inverter for operations with permanent magnets.   Sizing and Forecast The permanent magnet synchronous motor (pmsm) market size has grown strongly in recent years. It will grow from $25.13   billion in 2023 to $27.46   billion in 2024 at a compound annual growth rate (CAGR) of 9.3%.   The   growth in the historic period can be attributed to electric vehicle (ev) and hybrid vehicle adoption, industrial automation and robotics, energy efficiency and green technology initiatives, increased use in hvac systems, advancements in magnet materials..   The permanent magnet s...