Global Permanent Magnet Synchronous Motor (PMSM) Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032

Market Overview

According to DIResearch＇s in-depth investigation and research, the global Permanent Magnet Synchronous Motor (PMSM) market size will reach 18,093 Million USD in 2025 and is projected to reach 29,340 Million USD by 2032, with a CAGR of 7.15% (2025-2032). Notably, the China Permanent Magnet Synchronous Motor (PMSM) market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be  Million USD, representing approximately  % of the global market share.

Research Summary

A Permanent Magnet Synchronous Motor (PMSM) is an electric motor that uses permanent magnets in the rotor to create a fixed magnetic field, synchronizing its rotation with the changing magnetic field produced by the stator windings. This synchronization generates torque, driving the motor. PMSMs are known for their high efficiency, precise speed control, and excellent performance at variable speeds, making them widely used in various applications, particularly in electric vehicles, industrial machinery, and HVAC systems. Their simple and robust design, coupled with their ability to operate at high efficiencies across different loads, positions PMSMs as a favored choice in applications requiring high efficiency and precise control.

The major global  manufacturers of Permanent Magnet Synchronous Motor (PMSM) include Tesla, Volkswagen, BYD, ZF, Bosch, Hasco, Broad-Ocean Motor, Mitsubishi, XPT, Nidec, Zhejiang Founder, Magna, JJE, Hitachi, Shuanglin, Chery New Energy, JEE, SIEMENS, ABB, Meidensha Corporation, TOSHIBA, XIZI FORVORDA, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.

This report studies the market size, price trends and future development prospects of Permanent Magnet Synchronous Motor (PMSM). Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Permanent Magnet Synchronous Motor (PMSM) market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.

The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Permanent Magnet Synchronous Motor (PMSM) market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Permanent Magnet Synchronous Motor (PMSM) industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.    

The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.

Global Key Manufacturers of Permanent Magnet Synchronous Motor (PMSM) Include:

Tesla

Volkswagen

BYD

ZF

Bosch

Hasco

Broad-Ocean Motor

Mitsubishi

XPT

Nidec

Zhejiang Founder

Magna

JJE

Hitachi

Shuanglin

Chery New Energy

JEE

SIEMENS

ABB

Meidensha Corporation

TOSHIBA

XIZI FORVORDA

Permanent Magnet Synchronous Motor (PMSM) Product Segment Include:

1-25 KW

25-100 KW

100-300 KW

Above 300 KW

Permanent Magnet Synchronous Motor (PMSM) Product Application Include:

Automotive

Elevator

Industry & Automation

Others

Chapter Scope

Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend

Chapter 2: Global Permanent Magnet Synchronous Motor (PMSM) Industry PESTEL Analysis

Chapter 3: Global Permanent Magnet Synchronous Motor (PMSM) Industry Porter's Five Forces Analysis

Chapter 4: Global Permanent Magnet Synchronous Motor (PMSM) Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis

Chapter 5: Global Permanent Magnet Synchronous Motor (PMSM) Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)

Chapter 6: Global Permanent Magnet Synchronous Motor (PMSM) Sales, Revenue, Price and Forecast by Product Type

Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)

Chapter 8: Industrial Chain Analysis, Permanent Magnet Synchronous Motor (PMSM) Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology and Data Sources Show more