Permanent Magnet Synchronous Motor (PMSM) Market Expected to Witness Significant Growth Driven by Industrial Automation and Electrification Trends

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The Permanent Magnet Synchronous Motor (PMSM) Market is set to experience robust growth as industries continue to prioritize energy efficiency, automation, and electrification. PMSMs, known for their high efficiency, precision, and reliability, are widely used in various applications such as industrial automation, electric vehicles (EVs), HVAC systems, and robotics.

 

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Permanent Magnet Synchronous Motor (PMSM) Market Report | Global Forecast From 2025 To 2033

The global market size for Permanent Magnet Synchronous Motors (PMSM) was valued at $23.7 billion in 2023 and is projected to reach $45.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5%.