According to the new
market research report "Permanent Magnet Motor Market by Type (PMAC,
PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and
300 kW & Above), End-User (Industrial, Commercial & Residential, and
Healthcare), and Region - Global Forecast to 2023", The permanent
magnet motor market is estimated to grow at a CAGR of 8.87%, from 2018 to 2023,
to reach a projected market size of USD 45.13 billion by 2023. A permanent
magnet motor (consisting of a stator and a rotor having permanent magnets) is a
machine in which its rotor spins in synchronization with the rotating internal
magnetic field without incurring any excitation losses. Increasing demand for
energy-efficient & low-cost maintenance motors and increased implementation
of permanent magnet motors across industries are some of the factors
contributing to the growth of the permanent magnet motor market. Shifting from
rare earth magnets to cost-effective ferrite permanent magnets is one of the
major opportunities for the permanent magnet motor market.
Ask for PDF Brochure:
The industrial segment is estimated to be the largest
market for permanent magnet motors in 2018. The market for the industrial
segment is driven by the investments being made in the electronic and
automotive sectors in order to increase efficiency, productivity, reliability,
and safety in the industrial sector.
Browse and in-depth TOC on "Permanent Magnet Motor Market"
101 - Tables
37 - Figures
138 - Pages
View detailed Table
of Content here:
Asia
Pacific is expected to be the fastest-growing market for permanent magnet
motors from 2018 to 2023. The demand for permanent magnet motors in Asia
Pacific is driven by rapid industrialization, rising population, and
urbanization. Countries such as China and Japan have implemented energy-efficiency
standards to save electricity consumption, which has led to a growth in the
demand for permanent magnet motors. China and Japan are expected to be the two
largest markets for permanent magnet motors in the region in 2018. These
countries are witnessing the increasing government initiatives to strengthen
the automotive sector as well as developing healthcare sector. Moreover, the
market is also expected to grow significantly in countries such as India and
South Korea during the forecast period. Factors such as growing renewable power
generation and rising adoption of new technologies in electric vehicles are
driving the permanent magnet motor market in India and South Korea.
The
permanent magnet AC motor segment is expected to be the fastest-growing segment
of the permanent magnet motor market from 2018 to 2023. This is due to the
major advantages of these motors such as providing high torque capacity,
high-quality magnetic performance, high accelerations, and high withstand
overloads capacity without risk of magnetization of the magnets, which helps to
eliminate the need for costly maintenance. Asia Pacific is the fastest-growing
market for permanent magnet motors and offers various business opportunities to
permanent magnet motor manufacturers in the permanent magnet AC motor segment.
In Asia Pacific, governments are focusing on promoting the use of
energy-efficient motors in order to save electricity. These factors would drive
the permanent magnet motor market.
The
up to 25 kW segment is expected to be the fastest-growing market, by power
rating, from 2018 to 2023. The permanent magnet motor ranging up to 25 kW is
used in textile, pulp & paper, medical devices, aerospace, robotics, window
shutters, air conditioners, door shutters, and electrical vehicles. A total of
70–80% of these motors are used in consumer electronics and industrial sectors.
Hence, Asian countries, such as China, India, Japan, and South Korea, where
these sectors are expected to experience a lot of investments in the coming years,
will result in the higher market share of the up to 25 kW permanent magnet
motor segment.
Request Sample pages of the Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=218887711
The industrial segment is expected to be the
fastest-growing segment of the permanent
magnet motor market from 2018 to 2023. These motors are used in industrial
machines, textile rewinding machines, and also used with Variable Frequency
Drives (VFDs) in pumps, blowers, fans, compressors, and hoists. The automotive
is one of the major industries within the industrial sector, installing the
maximum number of permanent magnet motors.
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment