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The permanent magnet synchronous motor market is anticipated to grow in the forecast period owing to increasing demands from industrial and agricultural sectors coupled with the growing emergence of green vehicles. Also, several benefits of PMSM such as high-efficiency of PMSM and reduced power consumption, further drive the growth of permanent magnet synchronous motor market. However, scarcity of rare earth magnets may limit the growth of the permanent magnet synchronous motor market. On the other hand, expanding oil and gas industries are likely to showcase positive growth opportunity for the permanent magnet synchronous motor market during the forecast period.
The Permanent Magnet Synchronous Motor or PMSM, is an AC synchronous motor wherein permanent magnets are used for field excitation. It has a sinusoidal back EMF waveform. Permanent magnets can help the PMSM to generate torque at zero speed. The density of these motors is higher than those of induction motors with the same ratings. These motors are widely used in industrial automation such as robotics, traction, or aerospace.
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What the report features:-
Leading key market players mentioned in the report:-
This market research report administers a broad view of the Permanent Magnet Synchronous Motor (PMSM) market on a Global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Permanent Magnet Synchronous Motor (PMSM) market’s growth in terms of revenue.
The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Permanent Magnet Synchronous Motor (PMSM) market growth during the forecast period. Segmentations of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Dosage, Route of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Permanent Magnet Synchronous Motor (PMSM) market through the segments and sub-segments.
The report also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Permanent Magnet Synchronous Motor (PMSM) market.
The report also analyzes the factors affecting Permanent Magnet Synchronous Motor (PMSM) market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
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