Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Permanent Magnet Motor Market to Exceed $45.13 Billion by 2023

Industry News
MarketsandMarkets logo

Permanent Magnet Motor Market to Exceed $45.13 Billion by 2023

Contributor: MarketsandMarkets™

The 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 Healthcare), and Region – Global Forecast to 2023”, The permanent magnet motor market is expected to grow from an estimated market size of USD 29.50 Billion in 2018 to USD 45.13 Billion by 2023, at a CAGR of 8.87%, from 2018 to 2023. The global market is set to witness a significant growth because of the increasing implementation of permanent magnet motors across industries. Growing robotics technology presents a significant opportunity for the permanent magnet motor market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=218887711

Permanent Magnet AC Motor: The largest segment, by type, during the forecast period

The permanent magnet AC motor segment is expected to hold the majority share of the permanent magnet motor market during the forecast period. Growing investment in consumer electronics and government initiatives to promote the use of energy-efficient motors are the major factors driving the permanent magnet motor market in the Asia Pacific region. The Asian market players, such as Yaskawa, Nidec, Toshiba Corporation, and Johnson Electric are involved in the manufacturing of permanent magnet AC motors. These factors have resulted in the highest market share of the permanent magnet AC motor segment in the permanent magnet motor market.

The report analyzes all major players in the Permanent Magnet Market including

  • GE (US),
  • Siemens (Germany),
  • ABB (Switzerland),
  • Toshiba Corporation (Japan),
  • Emerson (US) and many more…

The up to 25 kW segment accounts for the largest share of the permanent magnet motor market, by power rating, during the forecast period

The up to 25 kW segment is expected to be the largest market, by power rating, from 2018 to 2023. The factors driving the market for permanent magnet motors ranging up to 25 kW include vast implementation of these permanent magnet motors in textile, pulp & paper, medical devices, aerospace, robotics, window shutters, air conditioners, door shutters, and electrical vehicles.

The report’s target audience includes:
  •     Permanent magnet motor manufacturing company
  •     Industry and Consulting Firms
  •     Electronics Associations
  •     Government and Industry Associations
  •     Electric motors Associations

Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=218887711

Asia Pacific: The fastest-growing market for permanent magnet motor

In this report, the permanent magnet motor market has been analyzed on the basis of five regions, namely, Asia Pacific, North America, Europe, and the Middle East & Africa. The permanent magnet motor market in Asia Pacific is driven by countries such as China, India, Japan, and Australia. Asia Pacific has economies with increasing industrial & manufacturing sectors, automotive, consumer electronics, chemicals and processing, and paper & pulp. The demand for permanent magnet motors in these sectors is driven by rapid industrialization, rising population, and urbanization. Countries such as China and Japan have implemented energy efficiency standards to save electricity consumption. This drives the market for permanent magnet motors. Governments of major economies in Asia Pacific promote the use of energy-efficient motors in order to save electricity. This drives the market for permanent magnet motors in Asia Pacific.

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.

Related Articles

Related Whitepapers

Expansion Joint Expertise Improves Industrial Wastewater System Reliability

The majority of industries have wastewater treatment plants. Government agencies and local governments require these facilities to meet pretreatment requirements. Pretreatment rules were enacted to prevent…

How to Decrease Oil Changes with Bearing Isolators [Inforgraphic]

Learning how to decrease oil changes can be time- and money-saving. Oil life can be long if contamination is eliminated, which is easier said than…

Synchronous Machines Are The Optimal Choice For Heavy Industry

TECO-Westinghouse experience assures superior performance and reliability For over a century, Westinghouse has been the pacesetter in the design and production of electric machines for heavy…

Why FLEXXORs Are Designed Differently

J. Hilbert Anderson, President of Coupling Corporation of America, discusses some of the reasons why FLEXXORs are designed differently from all other flexible couplings, and…

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Join the #PumpTalk Community


By submitting this form, you are consenting to receive marketing emails from: Empowering Pumps & Equipment, 2205-C 7th Street, Tuscaloosa, AL, 35401, http://www.empoweringpumps.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact