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Permanent Magnet Motor Market 2020-2024 | Insights by Types, Applications, Market Drivers, Industry Segmentation and Forecast Analysis

Permanent

The Key purpose of “Permanent Magnet Motor Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Permanent Magnet Motor market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Permanent Magnet Motor Market Covers Key Players:

  • Rockwell Automation
  • Siemens AG
  • Franklin Electric Company Inc.
  • Allied Motion Technologies Inc.
  • Baldor Electric Company Inc.
  • Toshiba Corporation
  • Ametek Inc.
  • Johnson Electric Holdings Ltd
  • Autotrol Corporation
  • Robert Bosch GmbH
  • Danaher Corporation
  • Emerson Industrial Automation
  • Bonfiglioli Riduttori SpA
  • Aerotech Corporation
  • Crouzet Automatismes SAS
  • Buhler Motors GmbH
  • ABB Limited
  • Nider Corporation

    Market Overview:

  • The global permanent magnet motor market was valued at USD 31.03 billion in 2018, and is expected to reach USD 52.8 billion by 2024, at a CAGR of 9.42% during the forecast period (2019-2024). Permanent magnet motors have seen a significant rise in their adoption over the years, due to their high efficiency and throughput. This trend is expected to follow over the coming years, owing to product differentiation and innovations supported by market incumbents.
  • Due to lack of direct contact between stator and rotor, PMM has been identified to provide higher efficiency and speed, in comparison to conventional ACIM. Due to this, it is now being deployed in various end-user industries and by multiple companies, worldwide. Lower operating temperatures of PMM also reduce wear and tear, and minimize maintenance requirements, making it a suitable replacement for conventional motors. PMM motors have been integrated into different industries for years, owing to their extended bearing and insulation life, robust construction, and to enable a trouble-free operation in harsh environments.
  • The earth metals used in PMM are rare-earth magnets, like neodymium and samarium-cobalt magnets. These metals are considered to be incredibly strong with magnetic fields exceeding 1.4 tesla, when compared to 0.5 to 1.0 tesla for ferrite or ceramic magnets. Although, these rare-earth metals find applications in different products, the overall availability of rare-earth metals has been limited, due to their distinct geochemical properties.

    The Permanent Magnet Motor Market Report Includes:

    • The Permanent Magnet Motor market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • A permanent magnet motor is a type of brushless electric motor that uses permanent magnets rather than winding in the field. Permanent magnet motors are more efficient than traditional induction motors or motors with field windings, for certain high-efficiency applications, such as electric vehicles.

    Key Market Trends:

    Energy Segment to Hold Significant Share

    The two fastest-growing means of producing electricity are the solar and wind energy sectors. According to Global Wind Energy Council (GWEC), 2016 was another strong year for the global wind industry, with annual installations reaching more than 50 GW. It did not match the record-breaking installations witnessed in 2015, when the annual market crossed the 60 GW mark for the first time.
    In 2016, new investments in clean energy fell to USD 287.5 billion, 18% lower, when compared to the record investment of USD 348.5 billion, in 2015. According to BNEF, Asia-Pacific (specifically China) alone accounted for USD 135 billion or almost 47% of the total global investments in clean energy, during 2016.
    The global production at the end of 2016 was 486.8 GW, representing a cumulative market growth of more than 12%. The 23.4 GW in new installations, in China, powered this growth. Overall, the global wind power industry installed 54.6 GW, in 2016.

    North America to Witness Significant Growth

    United States established a new renewable energy milestone in 2017. For the first time, wind and solar energy accounted for a significant portion of all electricity generation, with wind comprising 8%, and solar coming in at 2%. However, hydroelectric power still held the dominant share in the region.
    In 2016, US wind installations totaled over 82 GW. Wind surpassed traditional hydropower generation to become the largest source of renewable electric power.
    In Canada, around 700 MW of new wind capacity was installed, and with a total of 12 GW installed capacity, became the eighth-largest market, globally.
    The increasing market demand spurred greater diversification within the sector in the United States, in 2016, with over 31 models on the market from 18 different brands, including the RE100 members, General Motors, and BMW. This is expected to boost the growth of the PMM market.

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    Important Questions Answered in The Permanent Magnet Motor Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Permanent Magnet Motor Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Permanent Magnet Motor Market?

    Detailed TOC of Permanent Magnet Motor Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increased Motor Efficiency Due to Permanent Magnets
    4.3.2 Rising Demand for Electric Vehicles
    4.3.3 Rising Demand for Permanent Magnet Motor (PMM) in the Industrial Sector
    4.4 Market Restraints
    4.4.1 Diminishing Availability of Rare-earth Metals
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porters Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Direct Current Motor
    5.1.2 Alternating Current Motor
    5.2 By Magnetic Material Type
    5.2.1 Ferrite
    5.2.2 Neodymium
    5.2.3 Samarium Cobalt
    5.2.4 Other Magnetic Material Types
    5.3 By End-User Vertical
    5.3.1 Automotive
    5.3.2 General Industrial
    5.3.3 Energy
    5.3.4 Water and Wastewater Management
    5.3.5 Mining, and Oil and Gas
    5.3.6 Aerospace and Defense
    5.3.7 Other End-user Verticals
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Rockwell Automation
    6.1.2 Siemens AG
    6.1.3 Franklin Electric Company Inc.
    6.1.4 Allied Motion Technologies Inc.
    6.1.5 Baldor Electric Company Inc.
    6.1.6 Toshiba Corporation
    6.1.7 Ametek Inc.
    6.1.8 Johnson Electric Holdings Ltd
    6.1.9 Autotrol Corporation
    6.1.10 Robert Bosch GmbH
    6.1.11 Danaher Corporation
    6.1.12 Emerson Industrial Automation
    6.1.13 Bonfiglioli Riduttori SpA
    6.1.14 Aerotech Corporation
    6.1.15 Crouzet Automatismes SAS
    6.1.16 Buhler Motors GmbH
    6.1.17 ABB Limited
    6.1.18 Nider Corporation

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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