APO RESEARCH · REPORT
Permanent Magnet Synchronous Motor (PMSM)
Permanent Magnet Synchronous Motor (PMSM) covers machines whose permanent-magnet rotor follows the rotating field synchronously. Electromagnetic fields generate torque; commutation, rotor design and feedback determine the required drive system.

Product & engineering
Understand the product.
A permanent magnet synchronous motor (PMSM) uses permanent magnets embedded in the steel rotor to create a constant magnetic field. The stator carries windings connected to an AC supply to produce a rotating magnetic field. At synchronous speed the rotor poles lock to the rotating magnetic field. Permanent magnet synchronous motors are similar to brushless DC motors.
The distinguishing feature is machines whose permanent-magnet rotor follows the rotating field synchronously. Match the torque-speed envelope and duty cycle to the drive, supply and cooling. Starting, low-speed operation and regeneration impose different current and temperature limits. Confirm commutation and feedback compatibility; holding torque, peak torque and continuous shaft output are not interchangeable ratings.
What turns activity into demand
Qualified machine builds and replacement cycles create demand at the required drive compatibility and thermal duty.
The commercial boundary
Separate motor, geared motor, integrated drive and subsystem; power, torque and unit count are different reporting bases.
Why is matching rated power insufficient to replace a motor?
The distinguishing feature is machines whose permanent-magnet rotor follows the rotating field synchronously. Match the torque-speed envelope and duty cycle to the drive, supply and cooling. Starting, low-speed operation and regeneration impose different current and temperature limits. Confirm commutation and feedback compatibility; holding torque, peak torque and continuous shaft output are not interchangeable ratings.
Selected research
Industry Research
Permanent Magnet Synchronous Motor (PMSM) Industry Research Report 2026
Market perspective
A permanent magnet synchronous motor (PMSM) uses permanent magnets embedded in the steel rotor to create a constant magnetic field. The stator carries windings connected to an AC supply to produce a rotating magnetic field. At synchronous speed the rotor poles lock to the rotating magnetic field. Permanent magnet synchronous motors are similar to brushless DC motors.
The major players in global Permanent Magnet Synchronous Motor (PMSM) market include Mitsubishi Electric, HITACHI, ABB, etc. The top 3 players occupy about 20% shares of the global market. Asia-Pacific and Europe are main markets, they occupy about 70% of the global market. 10-50Kw is the main type, with a share about 40%. Industry & Automation is the main application, which holds a share about 60%.
Report Scope
Read the full market overview
This report quantifies the global Permanent Magnet Synchronous Motor (PMSM) market in revenue (US$ million) and, where applicable, sales volume (MW), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/MW) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Permanent Magnet Synchronous Motor (PMSM).
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Permanent Magnet Synchronous Motor (PMSM) Market by Company
Mitsubishi Electric
HITACHI
ABB
SIEMENS AG
GE
Bosch
MEIDENSHA
JJE
CONTINENTAL
ALSTOM
BROAD-OCEAN
TOSHIBA
XIZI FORVORDA
Permanent Magnet Synchronous Motor (PMSM) Segment by Type
Below 5Kw
5-10Kw
10-50Kw
Above 50Kw
Permanent Magnet Synchronous Motor (PMSM) Segment by Application
Automotive
Elevator
Industry & Automation
Others
Permanent Magnet Synchronous Motor (PMSM) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Permanent Magnet Synchronous Motor (PMSM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Permanent Magnet Synchronous Motor (PMSM) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Permanent Magnet Synchronous Motor (PMSM).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Permanent Magnet Synchronous Motor (PMSM) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Permanent Magnet Synchronous Motor (PMSM) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Permanent Magnet Synchronous Motor (PMSM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Below 5Kw
- 5-10Kw
- 10-50Kw
- Above 50Kw
Applications
- Automotive
- Elevator
- Industry & Automation
- Others
Companies covered
- Mitsubishi Electric
- HITACHI
- ABB
- SIEMENS AG
- GE
- Bosch
- MEIDENSHA
- JJE
- CONTINENTAL
- ALSTOM
- BROAD-OCEAN
- TOSHIBA
- XIZI FORVORDA
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Permanent Magnet Synchronous Motor (PMSM) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Below 5Kw
- 2.2.3 5-10Kw
- 2.2.4 10-50Kw
- 2.2.5 Above 50Kw
- 2.3 Permanent Magnet Synchronous Motor (PMSM) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Automotive
- 2.3.3 Elevator
- 2.3.4 Industry & Automation
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Permanent Magnet Synchronous Motor (PMSM) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Permanent Magnet Synchronous Motor (PMSM) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Permanent Magnet Synchronous Motor (PMSM) Production by Manufacturers (2021-2026)
- 3.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Manufacturers (2021-2026)
- 3.3 Global Permanent Magnet Synchronous Motor (PMSM) Average Price by Manufacturers (2021-2026)
- 3.4 Global Permanent Magnet Synchronous Motor (PMSM) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Permanent Magnet Synchronous Motor (PMSM) Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Permanent Magnet Synchronous Motor (PMSM) Manufacturers, Product Type & Application
- 3.7 Global Permanent Magnet Synchronous Motor (PMSM) Manufacturers Established Date
- 3.8 Global Permanent Magnet Synchronous Motor (PMSM) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Mitsubishi Electric
- 4.1.1 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.1.2 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.1.3 Mitsubishi Electric Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.1.4 Mitsubishi Electric Product Portfolio
- 4.1.5 Mitsubishi Electric Recent Developments
- 4.2 HITACHI
- 4.2.1 HITACHI Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.2.2 HITACHI Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.2.3 HITACHI Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.2.4 HITACHI Product Portfolio
- 4.2.5 HITACHI Recent Developments
- 4.3 ABB
- 4.3.1 ABB Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.3.2 ABB Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.3.3 ABB Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.3.4 ABB Product Portfolio
- 4.3.5 ABB Recent Developments
- 4.4 SIEMENS AG
- 4.4.1 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.4.2 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.4.3 SIEMENS AG Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.4.4 SIEMENS AG Product Portfolio
- 4.4.5 SIEMENS AG Recent Developments
- 4.5 GE
- 4.5.1 GE Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.5.2 GE Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.5.3 GE Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.5.4 GE Product Portfolio
- 4.5.5 GE Recent Developments
- 4.6 Bosch
- 4.6.1 Bosch Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.6.2 Bosch Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.6.3 Bosch Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.6.4 Bosch Product Portfolio
- 4.6.5 Bosch Recent Developments
- 4.7 MEIDENSHA
- 4.7.1 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.7.2 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.7.3 MEIDENSHA Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.7.4 MEIDENSHA Product Portfolio
- 4.7.5 MEIDENSHA Recent Developments
- 4.8 JJE
- 4.8.1 JJE Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.8.2 JJE Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.8.3 JJE Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.8.4 JJE Product Portfolio
- 4.8.5 JJE Recent Developments
- 4.9 CONTINENTAL
- 4.9.1 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.9.2 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.9.3 CONTINENTAL Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.9.4 CONTINENTAL Product Portfolio
- 4.9.5 CONTINENTAL Recent Developments
- 4.10 ALSTOM
- 4.10.1 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.10.2 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.10.3 ALSTOM Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.10.4 ALSTOM Product Portfolio
- 4.10.5 ALSTOM Recent Developments
- 4.11 BROAD-OCEAN
- 4.11.1 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.11.2 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.11.3 BROAD-OCEAN Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.11.4 BROAD-OCEAN Product Portfolio
- 4.11.5 BROAD-OCEAN Recent Developments
- 4.12 TOSHIBA
- 4.12.1 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.12.2 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.12.3 TOSHIBA Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.12.4 TOSHIBA Product Portfolio
- 4.12.5 TOSHIBA Recent Developments
- 4.13 XIZI FORVORDA
- 4.13.1 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Company Information
- 4.13.2 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Business Overview
- 4.13.3 XIZI FORVORDA Permanent Magnet Synchronous Motor (PMSM) Production, Value and Gross Margin (2021-2026)
- 4.13.4 XIZI FORVORDA Product Portfolio
- 4.13.5 XIZI FORVORDA Recent Developments
5 Global Permanent Magnet Synchronous Motor (PMSM) Production by Region
- 5.1 Global Permanent Magnet Synchronous Motor (PMSM) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Permanent Magnet Synchronous Motor (PMSM) Production by Region: 2021-2032
- 5.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Production by Region: 2021-2026
- 5.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Forecast by Region (2027-2032)
- 5.3 Global Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Region: 2021-2032
- 5.4.1 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Region: 2021-2026
- 5.4.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Value Forecast by Region (2027-2032)
- 5.5 Global Permanent Magnet Synchronous Motor (PMSM) Market Price Analysis by Region (2021-2026)
- 5.6 Global Permanent Magnet Synchronous Motor (PMSM) Production and Value, YOY Growth
- 5.6.1 North America Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.6 India Permanent Magnet Synchronous Motor (PMSM) Production Value Estimates and Forecasts (2021-2032)
6 Global Permanent Magnet Synchronous Motor (PMSM) Consumption by Region
- 6.1 Global Permanent Magnet Synchronous Motor (PMSM) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Permanent Magnet Synchronous Motor (PMSM) Consumption by Region (2021-2032)
- 6.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Consumption by Region: 2021-2026
- 6.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Permanent Magnet Synchronous Motor (PMSM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Permanent Magnet Synchronous Motor (PMSM) Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Permanent Magnet Synchronous Motor (PMSM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Permanent Magnet Synchronous Motor (PMSM) Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Permanent Magnet Synchronous Motor (PMSM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Permanent Magnet Synchronous Motor (PMSM) Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Permanent Magnet Synchronous Motor (PMSM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Permanent Magnet Synchronous Motor (PMSM) Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Permanent Magnet Synchronous Motor (PMSM) Production by Type (2021-2032)
- 7.1.1 Global Permanent Magnet Synchronous Motor (PMSM) Production by Type (2021-2032) & (MW)
- 7.1.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Market Share by Type (2021-2032)
- 7.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Type (2021-2032)
- 7.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Value Market Share by Type (2021-2032)
- 7.3 Global Permanent Magnet Synchronous Motor (PMSM) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Permanent Magnet Synchronous Motor (PMSM) Production by Application (2021-2032)
- 8.1.1 Global Permanent Magnet Synchronous Motor (PMSM) Production by Application (2021-2032) & (MW)
- 8.1.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Market Share by Application (2021-2032)
- 8.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Application (2021-2032)
- 8.2.1 Global Permanent Magnet Synchronous Motor (PMSM) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Permanent Magnet Synchronous Motor (PMSM) Production Value Market Share by Application (2021-2032)
- 8.3 Global Permanent Magnet Synchronous Motor (PMSM) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Permanent Magnet Synchronous Motor (PMSM) Value Chain Analysis
- 9.1.1 Permanent Magnet Synchronous Motor (PMSM) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Permanent Magnet Synchronous Motor (PMSM) Production Mode & Process
- 9.2 Permanent Magnet Synchronous Motor (PMSM) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Permanent Magnet Synchronous Motor (PMSM) Distributors
- 9.2.3 Permanent Magnet Synchronous Motor (PMSM) Customers
10 Global Permanent Magnet Synchronous Motor (PMSM) Analyzing Market Dynamics
- 10.1 Permanent Magnet Synchronous Motor (PMSM) Industry Trends
- 10.2 Permanent Magnet Synchronous Motor (PMSM) Industry Drivers
- 10.3 Permanent Magnet Synchronous Motor (PMSM) Industry Opportunities and Challenges
- 10.4 Permanent Magnet Synchronous Motor (PMSM) Industry Restraints
11 Report Conclusion
12 Disclaimer
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