Market World Permanent Magnet Synchronous Motor Market Overview | Page 2

out. The Permanent Magnet Synchronous Motor industry and marketing channels development
trends are analyzed. Finally, the feasibility of new investment projects is assessed and overall
research conclusions offered.
Permanent Magnet Synchronous Motor (PMSM) market is mainly being driven by the rising need for
highly efficient motors across manufacturing & automation industries including plastic moulding,
cement, chemicals & processing, and conservation of energy. Growing economies such as Brazil,
South Africa and India are anticipated to be the key regions where the demand in the coming years
in their respective drives reduces power consumption. Increasing need to switch to alternative
energy applications, such as in transportation for electric and hybrid vehicles, are generating new
market opportunities for suppliers and manufacturers of PMSMs.
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Most permanent magnet motors are used in combination with AC or DC electric motors. These
types of motors possess excellent heat dissipation property, perform with higher efficiencies as
compared to other electric motors and consume less power. Permanent magnet motors are used in
various industrial applications, in order to improve the efficiencies of the machines. Robots, forklifts,
railroad (switchers, track, crossing gates), blower drives, amusement rides and marine pumps are
some of the prime examples where permanent magnet motors are used.
The industry can be segmented on the basis of application, mounting type and power ratings. On
the basis of application, it can be segmented as industrial & manufacturing, oil & gas, paper & pulp,
power, commercial, transportation, pumps & ventilation systems and metals & mining. The markets
for major countries in each region by application have also been provided in the report.
On the basis of mounting it can be segmented as vertical/inclined mounting and horizontal
mounting. The region wise market of mounting type has also been provided in the report. On the
basis of power rating it is segmented as Power ratings above 375kW and below 375kW. North
America is considered as the key market for this region owing to presence of major motor
manufacturer, ongoing research and development in electric generation and continuous
development in industrial activities.
U.S. invests heavily on research and development of industrial activities; heavy investment is
expected to show positive revenue generation for the market. Europe is also considered key market