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.
Industry Segmentation
The
market for permanent
magnet motor market report 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.
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).
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