Permanent Magnet Motor Market Size, Growth Insight, Trends and Forecasts to 2026

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 Region - Global Forecast to 2026" The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market. The high initial cost of permanent magnet motor can restraint the growth of the permanent magnet motor market. However, growing robotics technology offers promising business opportunities in the permanent magnet motor market.

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Upto 25 kW is expected to be the largest permanent magnet motor market segment by power rating

The market for permanent magnet motor of upto 25 kW is expected to be the largest during the forecast period. Permanent magnet motors with power range up to 25 kW have high starting torque and overload capacity. These motors find their usage for various applications such as Healthcare, textile, pulp & paper, aerospace, robotics, window shutters, air conditioners, door shutters. During the forecast period, countries such as China, India, Japan, and US, are likely to witness high investments in the coming years, which will ultimately boost the demand for permanent magnet motors rated in the power range of up to 25 kW.

Industrial segment is expected to capture the major share of the permanent magnet motor market by application

Industrial segment by end user is expected to be the largest segment during the forecast period. Permanent magnet motors form an integral part of the industrial end use sector and are primarily used in automotive, textile, paper mills, and robotics applications, among others. Industrial segment is mainly driven by the increasing manufacturing of Electric vehicles & Electronic equipment’s in the countries specially China, Germany, United States, Japan and France.

Asia Pacific is expected to be the fastest-growing segment of the global permanent magnet motor market

The permanent magnet motor market in Asia Pacific, led by China, is expected to grow. APAC is a growing market for Permanent Magnet Motor in various applications, such as automotive, electronics in industrial segment and offices and healthcare in commercial segment, due to its fast-growing economies. The market in China is expected to grow mainly because the number of manufacturing units in China is increasing, which is expected to create a massive demand for Permanent Magnet Motor. Another reason for the growth of the Permanent Magnet Motor market in APAC is the increase in the number of manufacturing plants in various sectors, such as transportation, chemicals, and pharmaceutical industries.

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The major players in permanent magnet motor market, such as ABB (Switzerland), Siemens (Germany), Wolong (China), WEG (Brazil) and Rockwell Automation (US), have comparable strengths in terms of customer base, diversified product portfolios, technological capabilities, and regional presence, and they cumulatively hold a major portion of the total market share.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Electric Traction Motor Market to Witness Huge Growth by 2025 | Size, Trends, Applications

According to the new market research report "Electric traction motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region: Global Forecast to 2025" The electric traction motor market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector.

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This research report categorizes the electric traction motor market by type, power rating, application, and region.

By Type

• AC
• DC

By Power Rating

• Below 200 kW
• 200-400 kW
• Above 400 kW

By Application

• Railways
• Electric Vehicle
• Others

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

The AC segment is expected to hold the largest share of the electric traction motor market, by type, during the forecast period

The AC electric traction motor segment is expected to be the largest market for electric traction motors during the forecast period. The market is witnessing the replacement of DC electric traction motors with AC electric traction motors as a result of advantages such as higher reliability and efficiency and are expected to drive the AC electric traction motor segment of the electric traction motor market.

Below 200 kW is expected to be the largest segment in the electric traction motor market, by power rating, in 2020

The below 200 kW segment dominated the electric traction motor market during the forecast period. The large share of this segment can mainly be attributed to the extensive use of below 200 kW power rated motors in electric vehicles and light rail transit vehicles, which is expected to grow at a faster pace in the coming years. The widespread installation of these motors in plug-in hybrid cars, hybrid cars, and battery-electric cars, which are all experiencing high sales growth in China, Norway, the UK, France, and Japan, is further driving the segment.

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Asia Pacific: Expected to be the leading market for electric traction motors during the forecast period

Asia Pacific is expected to dominate the global electric traction motor market from 2020 to 2025. Rising investments in electric vehicles and the growing metro rail network in the region are likely to drive the demand for electric traction motors in Asia Pacific.

To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the electric traction motor market. ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany) are some of the leading players in the electric traction motor market. They are trying to understand the markets in developing economies and are adopting various strategies to increase their market share. Other dominant players in this market include Toshiba, VEM Group, Nidec, Robert Bosch, Traktionssysteme, AMETEK, Škoda, Voith, American Traction Systems, Eaton, Hyundai Rotem, WEG, Mitsubishi, Kawasaki, Lynch, Johnson Electric, Wabtec, Prodrive, Hitachi, Magna.'

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Motor Control Centers Market by Type (Intelligent, Conventional), Voltage (Low, Medium), End-User, Standard, Component, Region (Asia Pacific, North America, Europe, South America, and the Middle East & Africa) - Global Forecast to 2025

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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Diaphragm Pumps Market Analysis Report 2022-2027, Top Companies Share, Growth Overview, and Forecast

 

According to the new market research report "Diaphragm Pumps Market by Mechanism (Air Operated and Electrically Operated), Operation (Single Acting and Double Acting), Discharge Pressure (Up to 80 Bar, 81 to 200 Bar & above 200 Bar), End User and Region - Global Trends & Forecast to 2027", published by MarketsandMarkets™,  the global Diaphragm Pumps Market size will grow to USD 7.6 billion by 2027 from USD 6.1 billion in 2022, at a CAGR of 4.5% during the forecast period. The growth of the water and wastewater treatment industry, led by stringent regulations related to water treatment and discharge, is driving the demand for diaphragm pumps globally. Moreover, chronic health conditions are on the rise due to the increase in the number of elderly people aged 65 and above, the growing middles class, and increasing adoption of sedentary lifestyle. Hence, the pharmaceutical industry is expected to grow giving rise to opportunities for the growth of the Diaphragm Pumps Market.

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The Diaphragm Pumps Market includes prominent Tier I and Tier II manufacturers like PSG, Ingersoll Rand Inc., IDEX Corporation, Flowserve, and Xylem, Inc. These companies have their manufacturing facilities spread across North America, Europe, Asia Pacific and the other regions. Many diaphragm pump manufacturers have also developed smart pumps incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The chemicals, water & wastewater, oil & gas, food & beverage, and pharmaceuticals industries are the amongst the largest consumers of diaphragm pumps. The growth of these industries is expected to also lead to the growth of the Diaphragm Pumps Market.

The air operated segment is expected to dominate the Diaphragm Pumps Market, by mechanism, during the forecast period.

The air-operated segment is expected to hold the largest market share of the Diaphragm Pumps Market. Air-operated diaphragm pumps use an air compressor to drive the diaphragm. Reciprocating elastomeric diaphragms and check valves are utilized in these pumps to pump fluid. A wide variety of materials are used to make these flexible diaphragms. The material should be selected based on chemical compatibility and the type of fluid that will be handled. These pumps do not require electricity for operation and are ideal for environments with fire hazards or where power supply is not available. Air operated double diaphragm pumps (AODD) are specifically preferred in applications that require handling highly viscous liquids with a relatively high amount of solid content. The growth of this segment can be attributed to the growth of the pharmaceuticals, food & beverage, and chemicals industries which commonly employ air operated diaphragm pumps for fluid transfer purposes.

Browse in-depth TOC on "Diaphragm Pumps Market"

159 – Tables

54 – Figures  

220 – Pages

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The water & wastewater segment is expected to be the largest and fastest growing market, by end user, during the forecast period.  

The water & wastewater segment held the largest market share of the Diaphragm Pumps Market in 2021. Diaphragm pumps find a variety of applications in the water & wastewater treatment industry and are used in feeding filter presses, digestion tanks & thickeners, and pumping stations. These pumps also find applications in wastewater treatment processes like dewatering through filtration (filter press), chemical dosing to neutralize pH levels and treat sludge, wastewater sump transfer and sample, and municipal water treatment. Diaphragm pumps can handle a wide range of debris like stones, sticks, sand, mud, or trash, and hence are ideal for water treatment applications. The wastewater from domestic and industrial sources contains harmful bacteria, viruses, nitrogen, phosphorous, and other pollutants that are harmful to the environment and human health. Hence, stringent laws on urban and industrial wastewater treatment are being introduced in Europe, North America, and the emerging economies of Asia Pacific, Middle East & Africa, and South America. This may lead to an increase in the number of wastewater treatment plants globally which may drive the demand for diaphragm pumps.

Asia Pacific likely to emerge as the largest Diaphragm Pumps Market

The Asia Pacific region accounted for the largest share of the Diaphragm Pumps Market in 2021. The major end users for diaphragm pumps in the Asia Pacific region include water & wastewater treatment, pharmaceuticals, chemicals, and oil & gas industries. The growth of the market in Asia Pacific, hence, can be attributed to the increasing industrialization, investments in water infrastructure, and the growth of industries like pharmaceuticals, chemicals, and oil & gas. The burgeoning population of Asia Pacific puts an extreme burden on the water resources of the countries in this region. The water and wastewater treatment sector, as a result has huge growth potential in the region. The region is also a global pharmaceuticals hub and the industry is growing thanks to the rising awareness of healthcare in the current population and accessibility to modernized treatment regimens without border restrictions. Economies in the region are experiencing a rapid fall in their oil inventories as a result of the increasing crude oil prices and the reduction in supply induced by the sanctions on Russian crude, leading to an increase in oil & gas exploration and production activities. The growth of these industries is expected to positively drive the Diaphragm Pumps Market in this region during the forecast period.

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The Diaphragm Pumps Market is dominated by major players that have a wide regional presence. Some of the key players in the Diaphragm Pumps Market are PSG (US), Flowserve Corporation (US), IDEX Corporation (US), LEWA GmbH (Germany), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), Yamada Corporation (Japan), Xylem, Inc. (US), and SPX FLOW (US).

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com