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Permanent Magnet Motor Market by Type, Power Rating, End-User And Region - Global Forecast to 2023

Permanent Magnet Motor Market: Global Forecast until 2023

  • May 2018
  • 138 pages
  • ID: 5391649
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The permanent magnet motor market is estimated to rise at a compound annual growth rate of ~8.9 percent, from 2018 to 2023.

The permanent magnet motor market is estimated to grow ~$45.1B by 2023, from an estimated ~$29.5B in 2018, at a compound annual growth rate (CAGR) of ~8.9 percent, during the outlook period. The growing demand for energy-efficient & low-cost maintenance motors have boosted the sector demand for permanent magnet motors. Also, the rising implementation of permanent magnet motors across sectors would further aid the increase of this market. High initial cost of permanent magnet motors would act as a restraint for the permanent magnet motor market.

The up to 25 kW segment is anticipated to grow at the highest compound annual growth rate (CAGR), from 2018 to 2023.

The up to 25 kW segment is anticipated to be the quickest-increasing permanent magnet motor market, by power rating, from 2018 to 2023.It is considered to be the ideal power range for permanent magnet motors.

These motors are used in different application areas including textile, pulp & paper, medical devices, aerospace, robotics, window shutters, air conditioners, door shutters, and electrical vehicles.Application-based demand is high for this particular power range, resulting in the higher market share of up to 25 kW permanent magnet motors.

The market demand for up to 25 kW permanent magnet motors is also driven by the growing demand for energy-efficient motors in developing countries including India, China (CN), and Japan (JP).

The industrial segment is forecasted to dominate the permanent magnet motor market from 2018 to 2023.

The industrial segment is forecasted to be the biggest industry for permanent magnet motors in 2018. The sector for the industrial segment is influenced by the investments being made in the electronic and automotive markets in order to rise efficiency, productivity, reliability, and safety in the industrial industry.

APAC: The largest industry for permanent magnet motor

Asia-Pac is anticipated to be the biggest market for permanent magnet motors in 2018, succeeded by North America continent and Europe (EU). China (CN) and Japan (JP) are anticipated to be the biggest industries for permanent magnet motors in the territory by cause of significant investments being made in the industrial market.

The permanent magnet motor market is also increasing at a good pace in countries such as india (IN), Australia (AU), and South Korea (KR) as a result of rising infrastructure developments. These factors are anticipated to boost the rise of the permanent magnet motor market in Asia Pacific (APAC).

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants to verify and obtain critical qualitative and quantitative info as well as assess future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 - 51.0 percent, Tier 2 - 30.0 percent, and Tier 3 - 19.0 percent

• By Description: C-suite - 31.0 percent, D-Level - 43.0 percent, Others - 26.0 percent

By area: Asia Pacific - 30.0 percent, Europe - 27.0 percent, North america (NA) - 21.0 percent, Middle East - 12.0 percent, and South America - 6.0 percent, and Africa - 4.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2016: Tier 1 = >USD 10 billion, Tier 2 = from $1.0B to $10.0B, and Tier 3 =

The key players in the permanent magnet motor market contain GE, Siemens, ABB, Toshiba (TOSBF), and Emerson.

Segment Research

The market research defines, depicts, and forecasts the overall permanent magnet motor market by category, power rating, end-user, and area.It also provides a in-depth qualitative and quantitative analysis of the market.

The industry report offers a comprehensive review of the main market drivers, industry restraints, possibilities, and opportunities. It also includes different important aspects of the market.

Why acquire this industry report?

1. The study determines and addresses main markets for permanent magnet motor, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solutions providers distinguish the pulse of the sector and offers business insights into drivers, market restraints, alternatives, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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