Permanent Magnet Synchronous Motor (PMSM) Market Poised to Reach...

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2025-04-07 06:45:23 -

Permanent Magnet Synchronous Motor (PMSM) Market Poised to Reach USD 45.3 Billion by 2032 | Driven by Electrification and Efficiency Trends

According to a comprehensive report published by DataIntelo, the Permanent Magnet Synchronous Motor (PMSM) Market was valued at USD 24.6 billion in 2023, and it is projected to grow to USD 45.3 billion by 2032, registering a CAGR of 7.1% from 2024 to 2032. The surge in demand for energy-efficient motors in electric vehicles (EVs), industrial automation, HVAC systems, and robotics is propelling...

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