Global Permanent Magnet Motor Market Overview
The Global Permanent Magnet Motor Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the market can grow considerably within the forecasted period i.e., 2021 to 2029. The report provides Global Permanent Magnet Motor market drivers and restraints. The report helps in recognizing the drivers that are driving the market growth and discovering ways to use these drivers as strengths. Restraints can help you to identify characteristics that are restraining the market and help you identify them and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the Global Permanent Magnet Motor market, and new consumer trends
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Global Permanent Magnet Motor Market Scope
The report provides the qualitative and qualitative analysis of the Global Permanent Magnet Motor Market based on segmentation. The segments provided in the Global Permanent Magnet Motor Market report are based on Global Permanent Magnet Motor . The market segmentation helps to understand the Global Permanent Magnet Motor structure easily. The regional insights highlight the use of Global Permanent Magnet Motor in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Global Permanent Magnet Motor with the partnerships, business growth and acquisitions.
Data was collected through Primary and Secondary research method from the Global Permanent Magnet Motor market. Secondary research includes sources such as company annual reports, presentations, technical handbooks and technical articles. Primary data was collected through questionnaires and telephonic interviews conducted in the Global Permanent Magnet Motor Market. Bottom-Up approach was used to estimate the Global Permanent Magnet Motor market size and various segmentation. Porter’s five forces analysis is included in the report, to help understand the Global Permanent Magnet Motor market through various perspectives.
Segmentation
The permanent magnet motor market is divided into three types based on type: AC motor, DC motor, and Brushless DC. During the anticipated period, the permanent magnet motor market is anticipated to be dominated by the AC motor segment. It is also predicted to develop at the more than 4.88% rate of CAGR throughout 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.
During the forecast period, it is anticipated that the segment with a power rating of up to 25 kW will retain its leading position. Aerospace, robotics, medical equipment, textile, pulp paper, window shutters, and air conditioning all use permanent magnet motors with power ratings up to 25 kW.
According to end-user, the automotive segment is anticipated to account for more than 30% of the market. Electric car usage is rising quickly in the current market environment. Future electric vehicle adoption is anticipated to be widespread, which is anticipated to enhance the need for PMDC motors in electric vehicles. Permanent magnet motor market growth is anticipated to be boosted in the near future by significant investments made in electric vehicles by some of the major automotive key players on the market, including Tesla Motors and others. In 2021, neodymium magnets held the majority of the market, and it is anticipated that this dominance will last throughout the forecast period. It has characteristics like a high energy output and a high residual flux density.
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
Regional Analysis
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Global Permanent Magnet Motor market. The regional analysis provided in our report helps you understand the Global Permanent Magnet Motor market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Global Permanent Magnet Motor market. Local and regional development plans are often affected by the performance of Global Permanent Magnet Motor market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the Global Permanent Magnet Motor market.
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Key Questions answered in the Global Permanent Magnet Motor Market Report are:
- What is Global Permanent Magnet Motor ?
- What was the Global Permanent Magnet Motor market size in 2021?
- What is the expected Global Permanent Magnet Motor market size by 2029?
- What is the growth rate of the Global Permanent Magnet Motor Market?
- Which are the factors expected to drive the Global Permanent Magnet Motor market growth?
- Which segment dominated the Global Permanent Magnet Motor market growth?
- What is the demand pattern for the Global Permanent Magnet Motor market?
- Which region held the largest share in the Global Permanent Magnet Motor market?
- Who are the key players in the Global Permanent Magnet Motor market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Global Permanent Magnet Motor market
- Landscape- Leading key players and other prominent key players.
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