Permanent Magnet Motor Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2015-2022
Introduction •
Permanent Magnet Motor Market is expected to garner $45.3 billion by 2020, registering a CAGR of 11.7% during the period 2014-2020
•
The permanent magnet AC and DC motors are increasingly used in factory automation applications such as robotics and material handling, amongst the others
•
Permanent magnet AC motors (PMAC) are efficient, render precise speed control, has higher power density, and longer bearing & insulation life over AC induction motors
•
With the advent of robots for material handling, and the requirement of high precision work with minimal errors, would help the PM motors market to grow exponentially over the years
•
The improved efficiency of PM motors and their integration in automobiles and electric cars, dynamically supplement the growth of the permanent magnet motors market, globally
Key Factors of the Market •
Presently, the permanent magnet AC and DC motors are increasingly used in factory automation applications such as robotics and material handling, amongst the others
•
The increasing use of permanent magnets, owing to its unique properties, subsequently, should supplement the growth of the permanent magnet motor market
• •
The market is witnessing an increasing demand for permanent magnets from the countries with abundant resources of rare earth materials The industry is witnessing a shift from induction motors to permanent magnet motors, in order to improve the performance of the device whilst rendering lower levels of power consumption
Permanent Magnet Motor Market
Â
Get PDF Brochure of this report study @ https://www.alliedmarketresearch.com/request-sample/585
Key Benefits of the Market • The study indicates that the permanent magnet AC motors are widely used in industrial applications as compared to DC and Hermetic motors, whereas, permanent magnet DC motors are majorly used in the automobile industry • Neodymium magnet type is the most popular magnet in use, owing to its moderate cost and operating ability at high temperatures. Neodymium magnet type is estimated to grow at a CAGR of 10.8% during the forecast period • The presence of a large number of PM motor manufacturers in the Asia Pacificregion, generates a significant amount of revenue for the PM motors market here, as compared to other regions • The permanent magnet motors below 4.0 kW power range are used in various appliances with lower output voltages. Additionally, the motors between the power ranges of 22.0kW - 75.0 kW, are widely used in diverse applications ranging from automobiles to air conditioning devices • The increasing use of PM motors across diverse applications in factory automation, presently account for the highest revenue generating segment in the global market
Market Segmentation
Â
Key Players of the Market • • • • • • • •
Siemens Baldor Electrics Incorporation Rockwell Automation Incorporation Franklin Electric Co. Incorporation Johnson Electric Holdings Ltd. Ametek Incorporation Toshiba Corporation and Danaher Corporation
For purchase enquiry, visit @ https://www.alliedmarketresearch.com/purchase-enquiry/585
Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285
Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/permanent-magnet-motor-market
Follow Us On: