Permanent Magnet Motor Market
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<strong>Permanent</strong> <strong>Magnet</strong> <strong>Motor</strong><br />
<strong>Market</strong><br />
Opportunity Analysis and Industry Forecast, 2016-2023<br />
Global Opportunity Analysis and<br />
Industry Forecast,<br />
2015-2022
Introduction<br />
• <strong>Permanent</strong> <strong>Magnet</strong> <strong>Motor</strong> <strong>Market</strong> is expected to garner $45.3 billion by<br />
2020, registering a CAGR of 11.7% during the period 2014-2020<br />
• The permanent magnet AC and DC motors are increasingly used in factory<br />
automation applications such as robotics and material handling, amongst<br />
the others<br />
• <strong>Permanent</strong> magnet AC motors (PMAC) are efficient, render precise speed<br />
control, has higher power density, and longer bearing & insulation life over<br />
AC induction motors<br />
• With the advent of robots for material handling, and the requirement of<br />
high precision work with minimal errors, would help the PM motors market<br />
to grow exponentially over the years<br />
• The improved efficiency of PM motors and their integration in automobiles<br />
and electric cars, dynamically supplement the growth of the permanent<br />
magnet motors market, globally
Key Factors of the <strong>Market</strong><br />
• Presently, the permanent magnet AC and DC motors are increasingly used in<br />
factory automation applications such as robotics and material handling,<br />
amongst the others<br />
• The increasing use of permanent magnets, owing to its unique properties,<br />
subsequently, should supplement the growth of the permanent magnet<br />
motor market<br />
• The market is witnessing an increasing demand for permanent magnets from<br />
the countries with abundant resources of rare earth materials<br />
• The industry is witnessing a shift from induction motors to permanent<br />
magnet motors, in order to improve the performance of the device whilst<br />
rendering lower levels of power consumption
<strong>Permanent</strong> <strong>Magnet</strong> <strong>Motor</strong> <strong>Market</strong><br />
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Key Benefits of the <strong>Market</strong><br />
• The study indicates that the permanent magnet AC motors are widely used in<br />
industrial applications as compared to DC and Hermetic motors, whereas,<br />
permanent magnet DC motors are majorly used in the automobile industry<br />
• Neodymium magnet type is the most popular magnet in use, owing to its moderate<br />
cost and operating ability at high temperatures. Neodymium magnet type is<br />
estimated to grow at a CAGR of 10.8% during the forecast period<br />
• The presence of a large number of PM motor manufacturers in the Asia<br />
Pacificregion, generates a significant amount of revenue for the PM motors market<br />
here, as compared to other regions<br />
• The permanent magnet motors below 4.0 kW power range are used in various<br />
appliances with lower output voltages. Additionally, the motors between the power<br />
ranges of 22.0kW - 75.0 kW, are widely used in diverse applications ranging from<br />
automobiles to air conditioning devices<br />
• The increasing use of PM motors across diverse applications in factory automation,<br />
presently account for the highest revenue generating segment in the global market
<strong>Market</strong> Segmentation
Key Players of the <strong>Market</strong><br />
• Siemens<br />
• Baldor Electrics Incorporation<br />
• Rockwell Automation Incorporation<br />
• Franklin Electric Co. Incorporation<br />
• Johnson Electric Holdings Ltd.<br />
• Ametek Incorporation<br />
• Toshiba Corporation and<br />
• Danaher Corporation<br />
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