The report has been segmented on the basis of application, mounting type, power rating, and region.
Chicago, IL -- (SBWIRE) -- 08/19/2015 -- The report "Permanent Magnet Synchronous Motor Market by Mounting Type (Horizontal & Vertical), Power Rating (Below 375 kW and Above 375 kW), by Application (Oil & Gas, Industrial & Manufacturing, Power, & Transportation), by Region - Global Trends & Forecasts to 2020" defines, segments, analyzes, and forecasts the global PMSM market. It also identifies the driving and restraining factors of the PMSM market, with an analysis of trends, opportunities, and competitive landscape.
Browse 65 market tables and 62 figures spread through 201 pages on "Permanent Magnet Synchronous Motor Market - Global Trends & Forecasts to 2020"
Early buyers will receive 10% customization on this report.
The market on the basis of region has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The PMSM market is projected to reach USD 25.18 Billion by 2020, at a CAGR of 10.6% from 2015 to 2020.
Download Sample Report pages @ http://www.marketsandmarkets.com/requestsample.asp?id=388719
The Asia-Pacific region is expected to dominate the PMSM market during the next five years
Asia-Pacific is the largest market for PMSM. The region, which has done well in the past 10 years, accounted for around 35% of the total market share in 2014. The growth rate has scaled up due to rise in industrial activities, standardizations on the usage of energy-efficient motors, and advantages of PMSM over other electric motors.
Industrial & manufacturing sector– Major application for the PMSM market
PMSMs have a diverse range of applications in industries such as oil & gas, industrial & manufacturing sector, metals & mining, power, paper & pulp, transportation, and commercial among others. The industrial and manufacturing sector captures the major market, which includes the use of PMSMs for pumps, extruders, and compressors. PMSMs find majority of its application in chemical and process and cement manufacturing industries among others. In addition, increase in industrial activities in countries such as China, India, and Japan acts as a major driver of the PMSM market.
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
1 South Dearborn Street,
21st Floor , Chicago,