Global Permanent Magnet Motor Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 209
- CATEGORY
- Heavy Industry
Market Overview:
The Global Permanent Magnet Motor Market was valued at around USD 47.8 billion in 2021 and expected to grow at a CAGR of 9.8% during the projected period.
The global permanent magnet motor market refers to the market for electric motors that use permanent magnets to generate the magnetic field needed for motor operation. Permanent magnet motors are widely used in various applications such as industrial machinery, electric vehicles, home appliances, and HVAC systems, among others. These motors are known for their high efficiency, reliability, and performance, and are often preferred over traditional motors that use electromagnets. The market includes various types of permanent magnet motors such as brushless DC motors, synchronous motors, and stepper motors.
Covid-19 Impact:
The COVID-19 pandemic has had a mixed impact on the global permanent magnet motor market. On one hand, the pandemic has led to a decline in demand for permanent magnet motors due to the slowdown in the manufacturing sector and reduced demand from end-use industries such as automotive, aerospace, and industrial machinery. This has resulted in a decline in sales and revenue for many companies in the market.
On the other hand, the pandemic has also led to an increased focus on energy efficiency and sustainability, which has resulted in a growing demand for permanent magnet motors in applications such as renewable energy generation, electric vehicles, and home appliances. This has presented new opportunities for companies operating in the market.
Additionally, the disruptions in the global supply chain due to the pandemic have led to an increase in the prices of raw materials used in the manufacturing of permanent magnet motors. This has impacted the profit margins of companies in the market and made it difficult for them to maintain their competitive edge.
Overall, the long-term impact of the COVID-19 pandemic on the global permanent magnet motor market remains to be seen and will depend on several factors such as the pace of economic recovery, government policies, and technological advancements.
Market Dynamics:
Drivers:
Increasing demand for automation: The trend towards automation in various industries, such as automotive, manufacturing, and aerospace, is driving the demand for permanent magnet motors. These motors are used in various automation applications, such as robotics, conveyor systems, and material handling.
Technological advancements: Advances in permanent magnet materials and motor design have improved the performance and efficiency of permanent magnet motors, making them more attractive to end-users. These advancements have also led to the development of new applications for permanent magnet motors.
Increasing demand for electric vehicles: Permanent magnet motors are used in electric vehicles, which are becoming increasingly popular due to their eco-friendliness and energy efficiency. The growing demand for electric vehicles is expected to drive the demand for permanent magnet motors in the automotive industry.
Restraints:
High initial cost: The initial cost of permanent magnet motors is higher than traditional motors, which can be a deterrent for some buyers. This may limit the adoption of permanent magnet motors in certain applications, especially in price-sensitive markets.
Availability of raw materials: The production of permanent magnet motors requires rare earth metals such as neodymium, dysprosium, and samarium, which are limited in supply. This can lead to price volatility and supply chain disruptions, which could affect the growth of the market.
Regional Analysis:
North America: North America is one of the largest markets for permanent magnet motors due to the presence of major end-use industries such as automotive, aerospace, and industrial machinery. The region is also home to several key manufacturers in the market. The increasing adoption of electric vehicles and the growing demand for energy-efficient motors are expected to drive the market growth in the region.
Europe: Europe is another major market for permanent magnet motors, driven by the stringent regulations regarding energy efficiency and carbon emissions. The region is home to several major automotive manufacturers, which are increasingly adopting permanent magnet motors in their electric vehicles. The renewable energy sector is also expected to drive the market growth in the region.
Asia Pacific: Asia Pacific is the largest market for permanent magnet motors, driven by the growing industrialization and urbanization in countries such as China, Japan, and India. The region is home to several major manufacturers of permanent magnet motors, and the growing adoption of electric vehicles and renewable energy sources is expected to drive the market growth in the region.
Latin America: Latin America is a growing market for permanent magnet motors, driven by the increasing investments in renewable energy sources and the growing demand for energy-efficient motors in various industries. Brazil and Mexico are the major markets in the region.
Middle East and Africa: The Middle East and Africa region is expected to see moderate growth in the market, driven by the increasing investments in renewable energy and the growing demand for energy-efficient motors in various industries.
Overall, the global permanent magnet motor market is expected to see significant growth in the coming years, driven by the increasing demand for energy-efficient and sustainable technologies in various end-use industries.
Market Segmentation:
The global permanent magnet motor market can be segmented into:
Type: Permanent magnet motors can be classified based on their type, such as AC motors, DC motors, brushed motors, brushless motors, and servo motors.
Power Range: Permanent magnet motors can also be segmented based on their power range, such as low power (less than 1 kW), medium power (1 kW to 100 kW), and high power (more than 100 kW).
Application: Permanent magnet motors are used in a wide range of applications, including industrial, automotive, aerospace and defense, consumer electronics, healthcare, and renewable energy. Each of these applications has different requirements and specifications for permanent magnet motors.
Region: The market can also be segmented by region, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Competition Landscape:
The global permanent magnet motor market is highly competitive, with several large and small players operating in the market. The key players in the market are focusing on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge. Some of the major players in the market include:
ABB Ltd.
Siemens AG
Toshiba Corporation
General Electric Company
Nidec Corporation
Hitachi, Ltd.
Rockwell Automation, Inc.
WEG SA
Regal Beloit Corporation
Allied Motion Technologies Inc.
Others**
These companies offer a range of permanent magnet motors for various applications such as automotive, aerospace, industrial machinery, and home appliances. They also offer a range of services such as installation, maintenance, and repair of permanent magnet motors.
The market is also characterized by the presence of several small and medium-sized enterprises, which offer specialized products and services for specific applications. The competitive landscape of the market is expected to become more intense with the increasing demand for energy-efficient and sustainable technologies.
Global Permanent Magnet Motor Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Permanent Magnet Motor market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Global Permanent Magnet Motor Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
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Historic Year: 2016-2022
Forecast: 2024-2035
1 Permanent Magnet Motor Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Permanent Magnet Motor
1.3 Permanent Magnet Motor Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Permanent Magnet Motor
1.4.2 Applications of Permanent Magnet Motor
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Liebherr Market Performance Analysis
3.1.1 Liebherr Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Liebherr Sales, Value, Price, Gross Margin 2016-2021
3.2 Aradex AG Market Performance Analysis
3.2.1 Aradex AG Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Aradex AG Sales, Value, Price, Gross Margin 2016-2021
3.3 Emerson Market Performance Analysis
3.3.1 Emerson Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Emerson Sales, Value, Price, Gross Margin 2016-2021
3.4 Toshiba Corporation Market Performance Analysis
3.4.1 Toshiba Corporation Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Toshiba Corporation Sales, Value, Price, Gross Margin 2016-2021
3.5 ABB Market Performance Analysis
3.5.1 ABB Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 ABB Sales, Value, Price, Gross Margin 2016-2021
3.6 GE Market Performance Analysis
3.6.1 GE Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 GE Sales, Value, Price, Gross Margin 2016-2021
3.7 WEG Market Performance Analysis
3.7.1 WEG Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 WEG Sales, Value, Price, Gross Margin 2016-2021
3.8 Siemens Market Performance Analysis
3.8.1 Siemens Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Siemens Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Permanent Magnet Motor Production and Value by Type
4.1.1 Global Permanent Magnet Motor Production by Type 2016-2021
4.1.2 Global Permanent Magnet Motor Market Value by Type 2016-2021
4.2 Global Permanent Magnet Motor Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 PMAC Market Production, Value and Growth Rate
4.2.2 PMDC Market Production, Value and Growth Rate
4.2.3 Brushless DC Market Production, Value and Growth Rate
4.3 Global Permanent Magnet Motor Production and Value Forecast by Type
4.3.1 Global Permanent Magnet Motor Production Forecast by Type 2022-2030
4.3.2 Global Permanent Magnet Motor Market Value Forecast by Type 2022-2030
4.4 Global Permanent Magnet Motor Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 PMAC Market Production, Value and Growth Rate Forecast
4.4.2 PMDC Market Production, Value and Growth Rate Forecast
4.4.3 Brushless DC Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Permanent Magnet Motor Consumption and Value by Application
5.1.1 Global Permanent Magnet Motor Consumption by Application 2016-2021
5.1.2 Global Permanent Magnet Motor Market Value by Application 2016-2021
5.2 Global Permanent Magnet Motor Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Home Power Generators Market Consumption, Value and Growth Rate
5.2.2 Industrial Power Generators Market Consumption, Value and Growth Rate
5.3 Global Permanent Magnet Motor Consumption and Value Forecast by Application
5.3.1 Global Permanent Magnet Motor Consumption Forecast by Application 2022-2030
5.3.2 Global Permanent Magnet Motor Market Value Forecast by Application 2022-2030
5.4 Global Permanent Magnet Motor Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Home Power Generators Market Consumption, Value and Growth Rate Forecast
5.4.2 Industrial Power Generators Market Consumption, Value and Growth Rate Forecast
6 Global Permanent Magnet Motor by Region, Historical Data and Market Forecasts
6.1 Global Permanent Magnet Motor Sales by Region 2016-2021
6.2 Global Permanent Magnet Motor Market Value by Region 2016-2021
6.3 Global Permanent Magnet Motor Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Permanent Magnet Motor Sales Forecast by Region 2022-2030
6.5 Global Permanent Magnet Motor Market Value Forecast by Region 2022-2030
6.6 Global Permanent Magnet Motor Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2030
7.1 United State Permanent Magnet Motor Value and Market Growth 2016-2021
7.2 United State Permanent Magnet Motor Sales and Market Growth 2016-2021
7.3 United State Permanent Magnet Motor Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2030
8.1 Canada Permanent Magnet Motor Value and Market Growth 2016-2021
8.2 Canada Permanent Magnet Motor Sales and Market Growth 2016-2021
8.3 Canada Permanent Magnet Motor Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2030
9.1 Germany Permanent Magnet Motor Value and Market Growth 2016-2021
9.2 Germany Permanent Magnet Motor Sales and Market Growth 2016-2021
9.3 Germany Permanent Magnet Motor Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2030
10.1 UK Permanent Magnet Motor Value and Market Growth 2016-2021
10.2 UK Permanent Magnet Motor Sales and Market Growth 2016-2021
10.3 UK Permanent Magnet Motor Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2030
11.1 France Permanent Magnet Motor Value and Market Growth 2016-2021
11.2 France Permanent Magnet Motor Sales and Market Growth 2016-2021
11.3 France Permanent Magnet Motor Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2030
12.1 Italy Permanent Magnet Motor Value and Market Growth 2016-2021
12.2 Italy Permanent Magnet Motor Sales and Market Growth 2016-2021
12.3 Italy Permanent Magnet Motor Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2030
13.1 Spain Permanent Magnet Motor Value and Market Growth 2016-2021
13.2 Spain Permanent Magnet Motor Sales and Market Growth 2016-2021
13.3 Spain Permanent Magnet Motor Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2030
14.1 Russia Permanent Magnet Motor Value and Market Growth 2016-2021
14.2 Russia Permanent Magnet Motor Sales and Market Growth 2016-2021
14.3 Russia Permanent Magnet Motor Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2030
15.1 China Permanent Magnet Motor Value and Market Growth 2016-2021
15.2 China Permanent Magnet Motor Sales and Market Growth 2016-2021
15.3 China Permanent Magnet Motor Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2030
16.1 Japan Permanent Magnet Motor Value and Market Growth 2016-2021
16.2 Japan Permanent Magnet Motor Sales and Market Growth 2016-2021
16.3 Japan Permanent Magnet Motor Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Permanent Magnet Motor Value and Market Growth 2016-2021
17.2 South Korea Permanent Magnet Motor Sales and Market Growth 2016-2021
17.3 South Korea Permanent Magnet Motor Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2030
18.1 Australia Permanent Magnet Motor Value and Market Growth 2016-2021
18.2 Australia Permanent Magnet Motor Sales and Market Growth 2016-2021
18.3 Australia Permanent Magnet Motor Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Permanent Magnet Motor Value and Market Growth 2016-2021
19.2 Thailand Permanent Magnet Motor Sales and Market Growth 2016-2021
19.3 Thailand Permanent Magnet Motor Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Permanent Magnet Motor Value and Market Growth 2016-2021
20.2 Brazil Permanent Magnet Motor Sales and Market Growth 2016-2021
20.3 Brazil Permanent Magnet Motor Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Permanent Magnet Motor Value and Market Growth 2016-2021
21.2 Argentina Permanent Magnet Motor Sales and Market Growth 2016-2021
21.3 Argentina Permanent Magnet Motor Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2030
22.1 Chile Permanent Magnet Motor Value and Market Growth 2016-2021
22.2 Chile Permanent Magnet Motor Sales and Market Growth 2016-2021
22.3 Chile Permanent Magnet Motor Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Permanent Magnet Motor Value and Market Growth 2016-2021
23.2 South Africa Permanent Magnet Motor Sales and Market Growth 2016-2021
23.3 South Africa Permanent Magnet Motor Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Permanent Magnet Motor Value and Market Growth 2016-2021
24.2 Egypt Permanent Magnet Motor Sales and Market Growth 2016-2021
24.3 Egypt Permanent Magnet Motor Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2030
25.1 UAE Permanent Magnet Motor Value and Market Growth 2016-2021
25.2 UAE Permanent Magnet Motor Sales and Market Growth 2016-2021
25.3 UAE Permanent Magnet Motor Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Permanent Magnet Motor Value and Market Growth 2016-2021
26.2 Saudi Arabia Permanent Magnet Motor Sales and Market Growth 2016-2021
26.3 Saudi Arabia Permanent Magnet Motor Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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