Permanent
Magnet Motor Market Analysis
The global permanent magnet motor
market is estimated to expand at 8.70% CAGR during the forecast period. 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.
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.
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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.
Industry
Segmentation
The market for permanent magnet
motor market is segmented based on type as permanent magnet AC motors (PMAC),
permanent magnet DC motors (PMDC), and brushless DC motors. Permanent magnet AC
motor (PMAC) segment dominates the market as these motors many significant
features including high-torque capacity, high-quality magnetic performance, and
high withstand overload capacity.
All these factors are expected to
drive the market for permanent magnet AC motor. Asia-Pacific is expected to
hold the largest share for permanent magnet AC motor (PMAC) segment which is
mainly driven by increasing focus on the electronic sector, of which permanent
magnet motor is an important part.
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Regional
Outlook
Asia Pacific held the largest
market share of the global permanent magnet motor market in 2017. It is
estimated that Asia-Pacific region would also be the fastest growing market
during the forecast period, mainly due to increasing investment in industrial
and manufacturing sectors, namely, oil & gas, automotive, consumer
electronics, packaging, robotics, chemicals, and paper & pulp, among
others. Countries such as China and Japan have implemented energy efficiency
mandates to save electricity consumption which would further drive the market
for permanent magnet motors.
Leading
Players
The key players of the global
Permanent magnet motor market are 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).
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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