Permanent Magnet Motor Market

The main application for permanent-magnet motors is variable-speed drives where the stator is provided from a variable-frequency, variable-voltage, electronically regulated source. Such drives are proficient of precise speed and position control. Due to the absence of power losses in the rotor, comparatively with induction motor drives, they are also vastly effective.

Market Dynamics:

The trend of the huge application of the permanent magnet motors is projected to continue over the forecast period as many VFD producers or the manufacturers are initiating to add features and the vast performance control of the permanent magnet which may let the owners and the operators to fix the motor and this is anticipated to aid in the growth of the global permanent magnet motor market. As per the global coalition the Efficiency fore Access report stated the benefits of the permanent magnet motors efficacy opportunities in off and weak grid appliances markets using the permanent magnet motors usage in betwixt 22-42% less energy comparatively to the one utilizing conventional substitute current motors.

On Contrary, the international price of few light rare earths metals such as cerium and the lanthanum used in the polishing of the flat screen TV and the refining of the oil respectively have fallen as much as about two thirds since August and it is still dropping which is anticipated to hinder the growth of the global permanent magnet motor market.

Key features of the study:

• This report provides in-depth analysis of the global permanent magnet motor market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global permanent magnet motor market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Major companies involved in the global permanent magnet motor are Siemens AG, Rockwell Automation, Autotrol Corporation, ABB Limited, Danaher Corporation, Franklin Electric Company Inc., Aerotech Corporation, Allied Motion Technologies Inc., Bonfiglioli Group, Toshiba Corporation, Buhler Motors, Johnson Electric Holdings Ltd, Ametek Inc., Robert Bosch GmbH, Nider Corporation and Crouzet Automatismes.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global permanent magnet motor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global permanent magnet motor market.

Detailed Segmentation:

• Global Permanent Magnet Motor Market, By Motor Type:
  • Direct Current (DC) Motor
  • Alternating Current (AC) Motor
• Global Permanent Magnet Motor Market, By Magnetic Material Type:
  • Ferrite
  • Neodymium
  • Samarium Cobalt
  • Other Magnetic Material Types
• Global Permanent Magnet Motor Market, By End-User Vertical:
  • Automotive
  • General Industrial
  • Energy
  • Water and Wastewater Treatment
  • Mining, Oil, and Gas
  • Aerospace and Defense
  • Other End-user Verticals
• Global Permanent Magnet Motor Market, By Geography:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa