I. Introduction
The use of the permanent magnets in electrical machines in place of electromagnetic excitation results in many advantages such as no excitation losses, simplified construction, improved efficiency, fast dynamic performance and high torque or power per unit volume. The PM excitation in the early 19th century was not adopted due to the poor quality of PM materials. In 1932, the invention of Alnico revived the use of PM excitation systems, however it has been limited to small and fractional horse power DC commutator machines [1].