Permanent Magnet Motor Market 2021 Development Overview, Supply Chain Structure Analysis and Forecast 2027

 Market Synopsis

Permanent magnet motor market is expected to grow at 8.70% CAGR during the forecast period.

Key Drivers and Main Challenges

Across industries worldwide, the need for efficient electric motors and compact sized machines has surged exponentially in recent years. Since permanent magnet motors are extremely compact with reduced frame size and are efficient and lightweight, they expel lower amount of CO2 in the atmosphere. Additionally, their use means lower operational costs compared to induction motors, which has boosted their demand across various industrial segments across the globe.

The escalating sales of electric vehicles, especially in the emerging countries, to bring down the expense of fossil fuels and the mounting environmental concerns have been favorable for the global market. As electric vehicles are known to make use of AC permanent magnet motors for better operations, their soaring demand worldwide can be beneficial for the market. Besides, the growth of the robotics technology is expected to provide an attractive opportunity to the leading firms that are continuously investing in it, leading to better market growth.

On a dim note, the expensively priced rare-earth magnets that are essential components of permanent magnet motors can derail the product demand to some extent. Because of this fact, many of the commercial and industrial electronics manufacturers are hesitant to spend on permanent magnet motors. But trade experts believe that this trend can change during the evaluation period, thanks to the growing awareness about the benefits of permanent magnet motors, such as the capability to lower the maintenance cost and boost the operations and facilitate high productivity.

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Market Segmentation
The permanent magnet motor industry can be considered for type, power rating and end-user.
The main types include permanent magnet AC motor, brushless DC motor and permanent magnet DC motor. The market for permanent magnet AC motors is expected to thrive, as a result of the increasing spending on consumer electronics along with the surge in the number of government initiatives that promote sales of energy efficient motors.

Depending on the power rating, the market sections can be up to 25 kW, 25-100 kW, 100-300 kW, and 300 kW & above. Permanent magnet motors that fall under the range of 100-300 kW can note the most significant growth in the near future, since these motors find extensive use in electronic devices and industrial sectors.
Some of the key end-users in the worldwide market are commercial, residential and industrial. It is projected that the most notable growth will be observed by the industrial sector and this segment can also procure the fastest advancement rate. In the industrial sector, the demand for permanent magnet motors is extremely high, especially in textile, automotive, food & beverage, oil & gas, aerospace, robotics, and more.

Regional Study

The regional study of the permanent magnet motor market covers Asia Pacific/APAC, Europe, North America, South America and Middle East & Africa/MEA.
The leader in the permanent magnet motor industry is APAC, with the key reasons cited to be the rapid expansion of the consumer electronic industry, which is a major end-user. India, Japan and China are the top revenue generating countries in the region, mainly owing to the escalating need for energy-efficient and compact motors across the industrial sector. The flourishing market for electrical vehicles, especially in China, can also be a significant growth booster. Apart from this, India's intense efforts to electrify every new vehicle by the year 2030 have prompted auto part vendors as well as manufacturers to come up with new plans with regard to electrification. This can incredibly shape the permanent magnet motor market in the country.

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Leading Industry Players

• General Electric (US)
  
• Yaskawa (Japan)
  
• Nidec (Japan)
  
• Ametek (US)
  
• Johnson Electric (Hongkong)
  
• Allied Motion (US)
  
• Rockwell (US)
  
• Siemens (Germany)
  
• ABB (Switzerland)
  
• WEG (Brazil)
  
• Emerson (US)
  
• Toshiba Corporation (Japan)

Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

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

Continued…

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

TABLE 6 SOUTH AMERICA PERMANENT MAGNET MOTOR MARKET: BY COUNTRY, 2018–2023

TABLE 7 GLOBAL PERMANENT MAGNET MOTOR MARKET, BY TYPE, BY REGIONS, 2018–2023

TABLE 8 NORTH AMERICA: PERMANENT MAGNET MOTOR MARKET, BY TYPE, BY COUNTRY, 2018–2023

TABLE 9 EUROPE: PERMANENT MAGNET MOTOR MARKET, BY TYPE, BY COUNTRY, 2018–2023

TABLE 10 ASIA-PACIFIC: PERMANENT MAGNET MOTOR MARKET BY TYPE, BY COUNTRY, 2018–2023

TABLE 11 MIDDLE EAST & AFRICA: PERMANENT MAGNET MOTOR MARKET BY TYPE, BY COUNTRY, 2018–2023

TABLE 12 SOUTH AMERICA: PERMANENT MAGNET MOTOR MARKET BY TYPE: BY REGIONS, 2018–2023

TABLE 13 GLOBAL PERMANENT MAGNET MOTOR MARKET, BY POWER RATING, BY REGIONS, 2018–2023

TABLE 14 NORTH AMERICA: PERMANENT MAGNET MOTOR MARKET BY POWER RATING: BY COUNTRY, 2018–2023

Continued…

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