Permanent magnet motor market
Permanent Magnet Motor Market, By Motor Type (Direct Current (DC) Motor, Alternating Current (AC) Motor), By Magnetic Material Type (Ferrite, Neodymium, Samarium Cobalt, Other Magnetic Material Types), By the End-user Vertical (Automotive, General Industrial, Energy, Water and Wastewater Treatment, Mining, Oil, and Gas, Aerospace and Defense, Other End-user Verticals), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Aug 2022
- CMI5164
- 171 Pages
- Excel & Pdf
- Industrial Automation and Machinery
A permanent magnet motor is an alternative current motor that employs the magnets that are imbedded into or fixed to the surface of the motor’s rotor. The magnets are utilized to create a constant or the fixed motor flux instead of the requiring stator field to create one by linking to the rotor as it is the case with an induction motor.
Statistics:
The permanent magnet motor market was valued at US$ 32.37 Bn in 2021 and is forecast to reach a value of US$ 83.02 Bn by 2030 at a CAGR of 11.4% between 2022 and 2030.
Figure 1: Global Permanent Magnet Motor Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030
Asia Pacific held a dominant position in the Global Permanent Magnet Motor Market Share in 2021
Statistics:
Asia Pacific held a dominant position in the Global Permanent Magnet Motor Market in 2021, accounting for 41% share in terms of volume.
Figure 1: Global Permanent Magnet Motor Market Share (%), By Region, 2021
Key Developments:
In June 2020 YPF, a company declared its plans to spend in its downstream trade to boost the volume capability or the strength for handling the growing or the rising outcome or the resultant from the huge Vaca Muerta shale play. YPF spent US$ 2.7 billion in the past decade in few novel units and the enhancements in its technology at its three refineries that have integrated capacity of processing.
In October 2020, Wright Electric declared that the US Departments of the Energy’s Advanced Research Project Agency that has selected the wit of the contract to assist the growth of the creative and innovative, lightweight and the ultra-effective electric propulsion motors. This would be offered by a permanent magnet motor combined with an aggressive cooling plan and a huge frequency inverter later helping in the permanent magnet motor to develop
Permanent Magnet Motor Market Report Coverage
Report Coverage | Details | ||
---|---|---|---|
Base Year: | 2021 | Market Size in 2021: | US$ 32.37 Bn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 11.4% | 2030 Value Projection: | US$ 83.02 Bn |
Geographies covered: |
|
||
Segments covered: |
|
||
Companies covered: |
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 |
||
Growth Drivers: |
|
||
Restraints & Challenges: |
|
Market Drivers:
Driver 1:
Due to the shortage of the direct contract amidst the stator and the rotor, permanent magnet motor had been detected to offer the huge efficacy and the speed comparatively to the conventional ACIM. Thus, it is currently being deployed in several end users industries with multiple vendors globally.
Driver 2:
Decreased operating temperature of the permanent magnet motor also decreases the wear and tear, and also decreases the optimal maintenance necessities making it an appropriate replacement or the alternative for the conventional motors. The permanent magnet motor has been combined into various industries and the organizations due to their increased bearing and the insulation life.
Market Restraint:
Restraint 1:
The natural or the organic metals that are utilized in the permanent magnetic motor are the rare earth metals such as neodymium and the samarium –cobalt magnets. These metals are regarded to be incredibly potential with the magnetic fields that are increasing 1.4 tesla comparatively to the 0.5 to 1.0 tesla for the ferrite or ceramic magnets.
Restraint 2:
Though these rare metals are observed in the applications in various products, their whole accessibility has been limited over to their distinct geochemical properties and presently, China generates the majority of the rare-earth metals due to the huge rate of the earth metals deposits. It is projected that there is a shortage of the rare-earth metals outside China.
Market Opportunities:
Opportunity 1:
The permanent magnet motor industry has advocated an array of creations over several years. With the market incumbents targeting several aspects of the motor and this opportunity is advancing such as the efficacy, output, and speed to cater the vast range of the necessities over various industries.
Opportunity 2:
Huge speed permanent magnet motor are being grown for the advanced cooling method, which opens the total range of the opportunities for the survey of the market. These new permanent magnet motor have been detected to offer 10-15% of the whole yearly energy savings due to huge motor and electronics efficacy which may save around 9,000 kWh per year.
Market Key Takeaways/Trends:
Trend 1:
Permanent magnet motor is a substance or the material that is made of the magnetic material with the magnetic properties and then it produces its field. The magnet motors are the factory made utilizing the permanent magnets in the motors are earth magnets that are made of the rare-earth element that metals are powerful magnets are utilized in the permanent magnet motors.
Trend 2:
Permanent magnet motors have observed a notable rise in the acquisition of several years owing to its huge efficacy and the output and this trend is anticipated to continue in the upcoming years due to the product differentiation and the innovations that are assisted by the market incumbents.
Competitive Landscape:
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.
Table of Contents:
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Motor Type
- Market Snapshot, By Magnetic Material Type
- Market Snapshot, By End-user vertical
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Rising demand of the electric automotive
- Diminishing accessibility of the rare earth metals
- Development of high speed permanent magnet motors
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- Market Dynamics
- Global Permanent Magnet Motor Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- Global Permanent Magnet Motor Market, By Motor type, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Direct current motor (DC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Alternating current (AC) motor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Introduction
- Global Permanent Magnet Motor Market, By Magnetic Material type, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Ferrite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Neodymium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Samarium Cobalt
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Other magnetic material type
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Introduction
- Global Permanent Magnet Motor Market, By End –User vertical , 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022 and 2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- General Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Water and wastewater treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Mining, oil and gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Aerospace and Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Other End-user verticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Bn)
- Introduction
- Global Permanent Magnet Motor Market, By Region, 2017-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2022-2030(%)
- Y-o-Y Growth Analysis, 2017-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Bn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Bn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Bn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Bn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Bn)
- Middle East &Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Technology, 2017-2030, (US$ Bn)
- Market Size and Forecast and Y-o-Y Growth , By End User, 2017-2030,(US$ Bn)
- Introduction
- Competitive Landscape:
- ABB Limited
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Siemens AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Rockwell Automation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Franklin Electric Company Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Allied Motion Technologies Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Toshiba Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nider Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ametek Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Johnson Electric Holdings Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Autotrol Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Danaher Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bonfiglioli Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aerotech Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Crouzet Automatismes
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Buhler Motors
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ABB Limited
- Section:
- Research Methodology
- About Us
*Browse 24 market data tables and 28 figures on "PERMANENGT MAGNET MOTOR MARKET” - Global forecast to 2030
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