Please note that the assessment period of the report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for the updated data.

Permanent Magnet Motor Market predicted to grow at more than 8.70% by 2027 :

Pune, India, December, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on global permanent magnet motor market. The permanent magnet motor market is expected to expand at ~ 8.70% CAGR during the period 2018 to 2023.


Market Highlights


Permanent magnet motor is a type of synchronous electric motor with permanent magnets attached to the surface of the motor. These motors are generally of three types, namely, permanent magnet AC motors, permanent magnet DC motors, and brushless DC motor. Permanent magnet motors have various advantages such as high efficiency, high power density, and ease of control. Moreover, there is low mechanical friction loss due to the absence of mechanical commutators and brushes.


Based on type, the market is segmented as permanent magnet AC motor, permanent magnet DC motor, and brushless DC motor. Permanent magnet AC motor segment is estimated to dominate the market during the forecast period. This is due to the growing investment in consumer electronics and government initiatives to use energy efficient motors. For instance, according to India Brand Equity foundation (IBEF), consumer electrical industry in India is expected to reach USD 46.54 billion by 2020. This would positively impact the growth of permanent magnet motor market.


The global permanent magnet motor market is expected to grow at 8.70% CAGR during the forecast period.


Drivers


Permanent magnet motor Market


Market Research Analysis


Asia Pacific is estimated to be the fastest growing market for permanent magnet motor.


Region wise, Asia Pacific held the largest market share of the global permanent magnet motor market in 2017. It is estimated that Asia-Pacific region would also be the fastest growing market during the forecast period, mainly due to increasing investment in industrial and manufacturing sectors, namely, oil & gas, automotive, consumer electronics, packaging, robotics, chemicals, and paper & pulp, among others. Countries such as China and Japan have implemented energy efficiency mandates to save electricity consumption which would further drive the market for permanent magnet motors.


View Full Report@ https://www.marketresearchfuture.com/reports/permanent-magnet-motor-market-6991


Scope of the Report


This report provides an in-depth analysis of the global permanent magnet motor market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the permanent magnet motor market by its type, power rating, end-user, and by region.


By Type


  • Permanent magnet AC

  • Permanent magnet DC

  • Brushless DC 


By Power Rating


  • Up to 25 kW

  • 25-100 kW

  • 100-300 kW

  • 300 kW & above


By End-User


  • Industrial

  • Commercial & Residential 


By Regions


  • North America 

  • Asia-Pacific 

  • Europe

  • Middle East & Africa

  • South America


Key Players

The key players of the global permanent magent motor market are ABB (Switzerland), General Electric (US), Siemens (Germany), Yaskawa (Japan), Rockwell (US), Nidec (Japan), Ametek (US), Toshiba Corporation (Japan), WEG (Brazil), Emerson (US), Johnson Electric (Hongkong), Allied Motion (US).