World Permanent Magnet Synchronous Motor (PMSM) Market Is Expected to Reach $31.1 Billion by 2022; Finds New Report
World Permanent Magnet Synchronous Motor (PMSM) Market" the world PMSM market is likely to generate revenue of $31.1 billion by 2022, growing at a CAGR of 10.9% from 2016 to 2022. Asia-Pacific is expected to dominate the PMSM market in terms of revenue as well as volume, during the forecast period, due to ample availability of low-cost raw materials, improved government regulations, and increased spending power of customers.
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