Usage of permanent magnet synchronous machines (PMSM) in wind turbines recently became more of an issue. The development in permanent magnet synchronous machines through the latest technologies, especially about machine design, increases the importance of those machines. Developments in materials technology implement the development of cost effective and profitable products on electric machines and bring simplicity in design. Especially Soft Magnetic Composite (SMC) materials became to be used recently in machine designs due to its advantages such as low costs and providing 3D flux paths. In this work the 2D magnetic equivalent circuit (MEC) of PMSM machine, which includes SMC in its stator part, was composed and stated magnetic equivalent circuit was verified by finite element method. Also torque and radial forces of PMSM were calculated as well. When SMC materials are used in electric machines, flux flows in 3D. 3D finite element method takes quite long time. Due to 2D MEC analysis that was used in our work, the analysis periods become remarkably shorter. Besides the proposed MEC model enables to calculate performances of the machines, which have the desirable slot/pole combinations, correctly. Proposed model is applied on the recently improved fractional slot direct drive synchronous generators.