This paper presents a study on material used for the proposed design of Permanent Magnet Synchronous Machine (PMSM) and the 2D (Two Dimensional) analysis of Magnetostatics analysis for the designed model in software. It is more important to consider material selection and analysis for the accountancy of loss in the permanent magnet synchronous machines as they are having higher power output density. It is also necessary that an EM (Electromagnetic) field analysis accounting for the temperature rise throughout the machine should be taken into account because the heat generation from these loss transfers to the inside of the machine?s structure causing changes in material properties, temperature rise in machine winding and finally an enormous impact on the machine characteristics.