Global Permanent Magnet Motor Market Report by Market Study report scrutinizes the overall market synopsis globally, their restraining factors, drivers, major challenges, opportunities, latest trends to stabilize the global Permanent Magnet Motor market situation, future developmental plans, and values pertaining to various marketing states. This global Permanent Magnet Motor market report also enables users to make a decision and considering the overall market feasibility. It also adds thorough information on market size, product, key players, various application and major geographical regions.
Global Permanent Magnet Motor Market is valued approximately at USD 29.32 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.0% over the forecast period 2019-2026. A permanent magnet motor is a kind of brushless electric motor that uses permanent magnets rather than winding in the field. Permanent magnet motors are more efficient than motors or induction motor with field windings for specific high-efficiency applications such as electric vehicles. Permanent magnet motors are mainly used in several industrial applications, in order to enhance the efficiencies of the machines.
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Forklifts, railroad (switchers, track, crossing gates), robots, marine pumps, amusement rides and blower drives, are few of the main examples where permanent magnet motors are used. Rise in demand in industrial & agricultural sectors coupled with increasing demand for energy-efficient & low-cost maintenance motors are the major factor responsible for high CAGR of the market over the forecast period. For instance, during the period of 2017-18, food grain production was estimated at record 284.83 million tons, and the Government of India is targeting to increase food grain production with 285.2 million tons in 2018-19. Similarly, In United Kingdom, agriculture contributed around USD 26 billion revenues and approximately USD 9.4 billion of Gross Value Added to the UK economy in 2015, as per the report released by development economics. Thus, rising agricultural activities worldwide has positively impacting the demand for Permanent Magnet Motor around the world. Moreover, widespread awareness of green vehicles among customers is also the prime factor strengthening the adoption for permanent magnet motors across the world. However, high initial cost of permanent magnet motor coupled with fluctuating prices of raw material are few factors anticipated to limiting the growth of global Permanent Magnet Motor market during the forecast period.
The regional analysis of global Permanent Magnet Motor market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region in terms of revenue and market share owing to increase in demand for energy-efficient motors for end-use applications such as consumer electronics, electric vehicles,and automobiles in the region. However, Asia-Pacific is expected to exhibit at high growth rate / CAGR over the forecast period of 2019-2026 owing to rapidly growing oil & gas industries result in the increased power requirements would surge the demand for high-pressure pumps thus, driving the permanent magnet motor market in the region.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Permanent Magnet Alternate Current Motor (PMAC)
Permanent Magnet Direct Current Motor (PMDC)
Brushless DC Motors
By End User:
Table of Contents:
- Global Emergency Permanent Magnet Motor Market Overview
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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