Permanent Magnet Synchronous Motor Market Size, Share, and Industry Analysis By Type (Surface and Interior), By Capacity (375-450 kW, 450-600 kW, and Above 600 kW), By Voltage Range (Above 60V, 41V-60V, 31V-40V, 21V-30V, 10V-20V, and 9V and below), By Application (Automation, Consumer Electronics, Residential and Commercial, Automotive and Transportation, Lab Equipment, Medical, and Military and Aerospace), and Regional Forecast, 2025-2032

The global permanent magnet synchronous motor market expands due to the growing popularity of hybrid and electric vehicles that mostly use PMSMs. A Permanent Magnet Synchronous Motor (PMSM) is an AC synchronous motor where permanent magnets on the rotor interact with a rotating magnetic field from stator windings to move and turn the rotor at the same speed as the AC current.

Both industries are expected to grow because PMSMs meet industrial automation and robotics needs with excellent response, performance, and energy savings.

Permanent Magnet Synchronous Motor Market Driver

Using Electric Cars (EVs)to Expand the Market

More nations switching to electric vehicles is boosting demand for PMSM. Tighter laws for emissions are encouraging those involved in the auto industry to switch to EVs and HEVs.

Industrial Automationto Advance the Market

A growing demand for automation is supporting the increasing popularity of PMSM. Because of this, modern businesses need machines and systems that work more accurately and reliably than before. In these applications, PMSMs are useful because they operate fast and precisely, are small, and use little energy.

Permanent Magnet Synchronous Motor Market Restraint

Large Fee ChargedtoPose Potential Impediments on this Market

Low initial investment is a significant benefit that PMSMs lack compared to induction motors. Due to the use of neodymium and dysprosium permanent magnets, getting neodymium magnets from China is quite costly.

Permanent Magnet Synchronous Motor Market Opportunity

Renewable Energyto Create Opportunity in this Market

Since renewable energy is increasing, the PMSM market is seeing a growing opportunity. For example, wind turbines are often using PMSMs since they are powerful, have a direct-drive option, and can adjust their speed according to the needs.

Segmentation

Key Insights

The report covers the following key insights:

• Market drivers, restraints and opportunities
• Influence of key industrial players and key developments
• Electric Vehicle (EV) Adoption
• Industrial Automation

Analysis by Type

By Type, the Permanent Magnet Synchronous Motor market is divided into Surface & Interior

The rotor of an SPMSM motor has permanent magnets mounted on its surface. People are increasingly seeking energy-efficient products, and as PMSMs can be used in EVs and other devices, their increasing use drives the market forward.

Permanent magnets included in the rotor of an IPMSM give it increased mechanical durability and greater ability to direct the flux. The reason behind the rising importance of this segment is due to the popularity of IPMSMs in electric vehicles.

Analysis by Capacity

Based on Capacity, the market is divided into 375-450 kW, 450-600 kW & Above 600 kW

More and more industries and forms of transport are turning to the 375-450 kW segment of the PMSM market for its reliable, powerful, and compact features. For electricity supply, machines and a wide range of processing devices now need motors within this range for better performance and energy savings.

The 450-600 kW category is expanding rapidly in the PMSM market, mainly because electric vehicles and large industries need them.

Analysis by Voltage Range

Based on Voltage Range, the market is divided into Above 60V, 41V60V, 31V40V, 21V30V, 10V20V & 9V and below

A strong surge in the number of PMSMs used above 60V is being led by the effects of the EV and HEV market in the industry. Due to new battery and electronics technology, high-voltage systems are gaining popularity, and this is increasing the need for PMSMs working at similar voltages.

Permanent Magnet Synchronous Motors in the voltage range of 41V to 60V are commonly used in electric scooters, e-bikes, and some add-ons within vehicles. Since cities are getting busier, and many people rely on eco-friendly automobiles, the 41V-60V PMSM market is seeing steady growth and is important to the entire PMSM market.

Analysis by Application

Based on Application, the market is divided into Automation, Consumer Electronics, Residential and Commercial, Automotive and Transportation, Lab Equipment, Medical & Military and Aerospace

There is a substantial growth in the market because PMSMs are widely used in automation. Due to Industry 4.0 and smart factories, companies are demanding reliable motors like PMSMs more and more.

While Permanent Magnet Synchronous Motors (PMSMs) are more established in certain industries, their use in consumer electronics is also impacting the market’s growth. Because consumer electronics are expected to provide better performance, work quietly, and consume less energy, more applications are likely to use PMSMs in the future.

Regional Analysis

Based on region, the Permanent Magnet Synchronous Motor market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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The region is becoming very important as more people opt for improved energy-saving systems and EVs. PMSMs are being widely adopted in the automotive industry due to the strict policies about emissions, plus the incentives provided to people who drive EVs. A lot of industrial automation companies are also using PMSMs, helping drive demand for them in the industry. Because this region values technological development and has important companies, PMSM technology and the market sector are advancing.

• According to U.S. Department of Energy, 840000 US electric vehicle units were using PMSM technology in 2023.
• According to Govt. of Canada, 12500 Canada industrial robots were deployed with PMSM in 2023.

Regulations and caring for the environment in Europe push the PMSM market forward. Due to the region’s efforts to promote EVs and limit carbon emissions, a lot of people are using this type of vehicle, which has boosted demand for PMSMs. Besides, because Europe has built a strong industrial sector centred on automation and energy efficiency, people there need PMSMs for robotics, machinery, and industrial purposes. The main reason Europe is essential is that the region hosts both leading producers and end users of PMSMs.

PMSMs are mainly bought in the Asia Pacific region, which is also the quickest-growing market in the world. The main reason for the leading role of Asia Pacific in the auto sector is its robust electric vehicle production in large countries such as China. Manufacturing leaders in the region boost the use of PMSMs in automation, electronics, and numerous industry-related equipment. Additionally, government actions to push for industrial growth and increased use of automated technologies are making the Asia Pacific region a key driver of PMSM market demand worldwide.

Key Players Covered

The report includes the profiles of the following key players:

• Siemens AG (Germany)
• Continental AG (Germany)
• Toshiba Corp. (Japan)
• Hitachi Ltd. (Japan)
• Mitsubishi Electric Corporation (Japan)
• Asea Brown Boveri Ltd. (Switzerland)
• Alstom SA (France)
• Robert Bosch GmbH (Germany)
• Meidensha Corporation (Japan)
• Zhongshan Broad-Ocean Motor Co Ltd (China)

Key Industry Developments

• The company Nidec Corporation has grown fast by investing in its products and buying other companies, and today its portfolio consists of motor parts for small devices, automobiles, homes, industries, and much else.
• The company Johnson Electric has introduced a new range of efficient PMSMs to show their innovative spirit. They have been designed to guarantee not only less energy waste but also an increased level of performance in various industries.
• ABB has increased its lineup of PMSCMs by acquiring a major motor company. Thanks to this acquisition, ABB will now offer its customers better PMSM technologies for the industrial automation and electric mobility sectors.