Permanent Magnet Motor Market: Global Industry Analysis and Forecast (2022-2029)

The Permanent Magnet Motor Market was valued at US$ 42.10 Bn. in 2021. Global Permanent Magnet Motor Market size is estimated to grow at a CAGR of 12.44%.

Permanent Magnet Motor Market Overview:

A permanent magnet is an object made up of ferromagnetic material, which has magnetic properties and creates its own magnetic field. It has a high torque-to-current ratio, high power-to-weight ratio, high efficiency, and robustness. It has usages scope in the latest variable speed AC drives, mainly, electric vehicle applications.Permanent Magnet Motor MarketTo know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2017 to forecast the market through 2029. 2021 is considered a base year however 2021’s numbers are on the real output of the companies in the market. Special attention is given to 2021, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market

Permanent Magnet Motor Market Dynamics:

The permanent magnet motor market is driven by factors like demand for energy-efficient & low-cost maintenance motors. Increased implementation of permanent magnet motors across industries is expected to boost the demand for permanent magnet motors. Also, the use of permanent magnets reduces the size of motors and develops performance, which can be done using nanocomposite permanent magnets. An increase in demand for higher operating efficiency motors is expected to increase the requirement of permanent magnet synchronous motors across different end-user industries. The permanent magnet synchronous motors have wide usages scope in end-user industries electronic, textile, pulp & paper to offer higher-functioning products with additional features. However, high cost of permanent magnet motors and complexity in the manufacturing process are expected to limit the permanent magnet motor market growth. Despite its limitations, growing integration of robotics technology is expected to offer key opportunities for the key operating key players in the market. Electric vehicles: Drive the demand for Permanent Magnet Motor An increase in demand for electrical vehicles are expected to boost the permanent magnet motor market growth. The number of new EV cars registration across developed and developing economies are expected to hit a large market share in 2021. Leading automotive key companies are increasingly adopting permanent magnet motors into EVs. In Europe, the adoption of the permanent magnet motor is expected to increase with the general safety regulation and environment regulations norms. Electrical vehicles are keystones of future sustainable transport systems. The Governments of various ASEAN countries are taking initiative in the transportation industry to adopt the innovative technology for safety, environment and efficiency. With the permanent magnet motor, manufacturer in the automotive industry are preparing today for the challenges for the future.

Permanent Magnet Motor Market Segment Analysis:

Based on type, The permanent magnet motor market is segmented into AC motor, DC motor and Brushless DC. the AC motor segment is expected to hold the majority share of the permanent magnet motor market during the forecast period. It is also expected to grow at the more than 4.88% rate of CAGR during the forecast period because of features such as high torque capacity, high-quality magnetic performance, high accelerations, and high withstand overload capacity without the risk of demagnetization of the magnets. Based on power rating, the up to 25 kW segment is expected to hold the dominant position during the forecast period. 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 On the basis of end-user, Automotive segment is expected to contribute more than 30% share in the market. In the current market scenario, an adoption of electric vehicles are increasing at a rapid rate. electric vehicles are expected to have wide future scope, which is expected to increase the demand for PMDC motors in electric cars. High investment in the electrical vehicles by some of the prominent automotive key players in the market like Tesla Motors and others are expected to boost the permanent magnet motor market growth in the near future. Permanent Magnet Motor Market Neodymium magnet held dominant share in 2021 and is projected to continue its dominance during the forecast period. It offers features like high energy product and high residual flux density, which make it a compulsive choice of material for industrial applications. It offers both high- and low-grade variants, which enables it to deploy superior performance and torque over other a conventional motor. High prices and scarcity are expected to pose challenges.

Permanent Magnet Motor Market Regional Insights:

Asia Pacific: Major contributor region in global market The Asia-Pacific region has automotive hub, which drives the production of permanent magnet motor. In the market, an adoption of electrical vehicles are increasing the demand for permanent magnet motor. The Asia Pacific region is expected to hold a more than 40% share in the market because of the high investments by market key players. Government initiatives toward building an energy-efficient and sustainable environment are also expected to boost the market growth. The strong wind energy sector across region is expected drive the demand for permanent magnet during the forecast period. Many key players from different sector are focusing on the shifting their production unit to the Asia Pacific due to the availability of the cheap labor and drastically increasing economic growth rate and manufacturing industries. Key players are gradually stepped up their investment in innovations activities and resources on the technology development and expanding partnership with other key players. For instance, in 2021, Siemens and Mercedes-Benz have formed a strategic partnership for sustainable automotive production to unite on advancing digitalization and automation in the automotive industry. The objective of the report is to present a comprehensive analysis of the global Permanent Magnet Motor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Permanent Magnet Motor Market dynamic, structure by analyzing the market segments and projecting the Permanent Magnet Motor Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Permanent Magnet Motor Market make the report investor’s guide.

Permanent Magnet Motor Market Scope: Inquire before buying

Permanent Magnet Motor Market
Base Year 2021 Forecast Period 2022-2029
Historical Data CAGR Market Size in 2021 Market Size in 2029
2017 to 2021 12.44% US$ 42.10 Bn US$ 107.58 Bn
Segments Covered
by Type • AC motor • DC motor • Brushless DC by Power Rating • Up to 25 kW • 25–100 kW • 100–300 kW • 300 kW & Above by End-User • Industrial • Commercial & Residential • Healthcare by Magnet Type • Neodymium • Samarium Cobalt • Ferrite
Regions Covered
North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America

Permanent Magnet Motor Market Key Players

• GE • Siemens • ABB • Toshiba Corporation • Emerson • Siemens AG • Rockwell Automation, Inc. • Franklin Electric Co. Inc. • Allied Motion Technologies Inc. • Autotrol Corporation • Johnson Control • Nidec Corporation • Yaskawa • Baldor Electric Company Inc • Ametec Inc • Robert Bosch GmbH • Danaher Corporation • Bonfiglioli • Crouzet • Buhler Motors Frequently Asked Questions: 1. Which region has the largest share in Global Permanent Magnet Motor Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Permanent Magnet Motor Market? Ans: The Global Permanent Magnet Motor Market is growing at a CAGR of 12.44% during forecasting period 2022-2029. 3. What is scope of the Global Permanent Magnet Motor market report? Ans: Global Permanent Magnet Motor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Permanent Magnet Motor market? Ans: The important key players in the Global Permanent Magnet Motor Market are – GE, Siemens, ABB, Toshiba Corporation, Emerson, Siemens AG, Rockwell Automation, Inc., Franklin Electric Co. Inc., Allied Motion Technologies Inc., Autotrol Corporation, Johnson Control, Nidec Corporation, Yaskawa, Baldor Electric Company Inc, Ametec Inc, Robert Bosch GmbH, Danaher Corporation, Bonfiglioli, Crouzet, and Buhler Motors 5. What is the study period of this market? Ans: The Global Permanent Magnet Motor Market is studied from 2021 to 2029.
1. Permanent Magnet Motor Market Size: Research Methodology 2. Permanent Magnet Motor Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Permanent Magnet Motor Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Permanent Magnet Motor Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Permanent Magnet Motor Market Size Segmentation 4.1. Permanent Magnet Motor Market Size, by Type (2021-2029) • AC motor • DC motor • Brushless DC 4.2. Permanent Magnet Motor Market Size, by Power Rating (2021-2029) • Up to 25 kW • 25–100 kW • 100–300 kW • 300 kW & Above 4.3. Permanent Magnet Motor Market Size, by End-User (2021-2029) • Industrial • Commercial & Residential • Healthcare 4.4. Permanent Magnet Motor Market Size, by Magnet Type (2021-2029) • Neodymium • Samarium Cobalt • Ferrite 5. North America Permanent Magnet Motor Market (2021-2029) 5.1. Permanent Magnet Motor Market Size, by Type (2021-2029) • AC motor • DC motor • Brushless DC 5.2. Permanent Magnet Motor Market Size, by Power Rating (2021-2029) • Up to 25 kW • 25–100 kW • 100–300 kW • 300 kW & Above 5.3. Permanent Magnet Motor Market Size, by End-User (2021-2029) • Industrial • Commercial & Residential • Healthcare 5.4. Permanent Magnet Motor Market Size, by Magnet Type (2021-2029) • Neodymium • Samarium Cobalt • Ferrite 5.5. North America Permanent Magnet Motor Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Permanent Magnet Motor Market (2021-2029) 6.1. European Permanent Magnet Motor Market, by Type (2021-2029) 6.2. European Permanent Magnet Motor Market, by Power Rating (2021-2029) 6.3. European Permanent Magnet Motor Market, by End-User (2021-2029) 6.4. European Permanent Magnet Motor Market, by Magnet Type (2021-2029) 6.5. European Permanent Magnet Motor Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Permanent Magnet Motor Market (2021-2029) 7.1. Asia Pacific Permanent Magnet Motor Market, by Type (2021-2029) 7.2. Asia Pacific Permanent Magnet Motor Market, by Power Rating (2021-2029) 7.3. Asia Pacific Permanent Magnet Motor Market, by End-User (2021-2029) 7.4. Asia Pacific Permanent Magnet Motor Market, by Magnet Type (2021-2029) 7.5. Asia Pacific Permanent Magnet Motor Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Permanent Magnet Motor Market (2021-2029) 8.1. The Middle East and Africa Permanent Magnet Motor Market, by Type (2021-2029) 8.2. The Middle East and Africa Permanent Magnet Motor Market, by Power Rating (2021-2029) 8.3. The Middle East and Africa Permanent Magnet Motor Market, by End-User (2021-2029) 8.4. The Middle East and Africa Permanent Magnet Motor Market, by Magnet Type (2021-2029) 8.5. The Middle East and Africa Permanent Magnet Motor Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Permanent Magnet Motor Market (2021-2029) 9.1. Latin America Permanent Magnet Motor Market, by Type (2021-2029) 9.2. Latin America Permanent Magnet Motor Market, by Power Rating (2021-2029) 9.3. Latin America Permanent Magnet Motor Market, by End-User (2021-2029) 9.4. Latin America Permanent Magnet Motor Market, by Magnet Type (2021-2029) 9.5. Latin America Permanent Magnet Motor Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. GE 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Siemens 10.3. ABB 10.4. Toshiba Corporation 10.5. Emerson 10.6. Siemens AG 10.7. Rockwell Automation, Inc. 10.8. Franklin Electric Co. Inc. 10.9. Allied Motion Technologies Inc. 10.10. Autotrol Corporation 10.11. Johnson Control 10.12. Nidec Corporation 10.13. Yaskawa 10.14. Baldor Electric Company Inc 10.15. Ametec Inc 10.16. Robert Bosch GmbH 10.17. Danaher Corporation 10.18. Bonfiglioli 10.19. Crouzet 10.20. Buhler Motors

About This Report

Report ID 15003
Category Electronics
Published Date Jan 2023
Updated Date
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