Permanent Magnet Motor Market Scenario
The permanent magnet motor market is expected to expand at 8.70% CAGR during the period 2018 to 2023. Permanent magnet motor is a type of synchronous electric motor with permanent magnets attached to the surface of the motor. These motors are generally of three types, namely, permanent magnet AC motors, permanent magnet DC motors, and brushless DC motor. Permanent magnet motors have various advantages such as high efficiency, high power density, and ease of control. Moreover, there is low mechanical friction loss due to the absence of mechanical commutators and brushes.
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The growing demand for battery monitoring system is attributed to the increasing demand for energy efficient and low-cost maintenance motors. Moreover, increasing implementation of permanent magnet motors across industries is also driving the market for permanent magnet motor. One of the major restraints of the global permanent magnet motor is fluctuating prices of raw material, mainly concentrated in China.
Permanent magnet motor is a synchronous motor that uses magnets which are mounted at the surface of the motor. The main types of permanent magnet motor are permanent magnet AC motors (PMAC), permanent magnet synchronous motors (PMSM), and brushless DC motors. The major advantages of permanent magnet motor is its compact size, efficiency, and no requirement of cooling fan.
Major Leading Players:
- ABB (Switzerland),
- General Electric (US),
- Siemens (Germany),
- Yaskawa (Japan),
- Rockwell (US),
- Nidec (Japan),
- Ametek (US),
- Toshiba Corporation (Japan),
- WEG (Brazil),
- Emerson (US),
- Johnson Electric (Hongkong),
- Allied Motion (US).
Global Permanent Magnet Motor Market Segmentation:
Global permanent magnet motor market has been segmented based on type, power rating, end-user, and region.
Based on type, the industry is classified as PMAC, PMDC, & Brushless DC
Based on end-user, the market is segmented as industrial, and commercial & residential.
Based on power rating, the market is classified into up to 25 kW, 25-100 kW, 100-300 kW, and 300 kW & above.
Based on region, the global permanent magnet motor market cover growth opportunities and latest trends across North America, Europe, Asia Pacific and the Middle East and Africa.
Scope of the Report
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global permanent magnet motors market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.2. Research Objective
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
List Of Tables
Table 1 Global Permanent Magnet Motor Market: By Region, 2018–2023
Table 2 North America: Permanent Magnet Motor Market: By Country, 2018–2023
Table 3 Europe Permanent Magnet Motor Market: By Country, 2018–2023
Table 4 Asia-Pacific Permanent Magnet Motor Market: By Country, 2018–2023
Table 5 Middle East & Africa Permanent Magnet Motor Market: By Country, 2018–2023
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