Permanent Magnet Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Permanent Magnet Motor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : March, 2020 | Energy & Mining | PPT format

Report Digest


Global Permanent Magnet Motor Market: Overview

The global market for permanent magnet motor has been growing at the back of the customised needs of various industrial units. Permanent magnet motors offer a wide range of advantages over other kinds of motors which has driven demand for the former across the globe. The permanent magnet motors are manufactured by creating a persistent magnetic field through a magnetized material, and these motors are either ferrimagnetic or ferromagnetic. Permanent magnets are superior to temporary magnets because the former do not lose their magnetic properties unless heated above a certain temperature. Sintering and casting are amongst the most common methods of manufacturing these magnets. The demand within the global market for permanent magnet motors is expected to grow by leaps and bounds due to the growth of multiple industries. Furthermore, the swift manufacturing of permanent magnets has facilitated the production of permanent magnet motors which has in turn fortified the global market.

The global market for permanent magnet motors can be segmented based on the following criteria: product, application, and region. Since the market caters to a wide range of industries, it is important to understand each of the aforementioned segments to get a holistic view of the market.

The report is an analytic approach towards understanding the growth pattern of the global market for permanent magnet motors. All the industries that are aligned with the market for these motors have been included in the report. The intent behind elucidating the forces operating in these industries is embedded in giving a multifaceted view to the readers of the report. Furthermore, the market players who have left imprints of their success in the global market for permanent magnet motors have also been mentioned in the report.

Global Permanent Magnet Motor Market: Trends and Opportunities

The automotive industry is a prolific consumer of permanent magnet motors, and hence, the growth of the former has strengthened the global market. The rapid infrastructural changes across several industrial longitudes have also aided the growth of the global market for permanent magnet motors in recent times. The increasing demand for electricity has been pressurizing power houses and electricity boards to efficiently manage and distribute power across households, commercial units, and industries. This has led to the propagation of permanent magnet motors across the world as they consume lesser electricity as against other motors. Wind energy plants have multiplied in number and these plants extensively use permanent magnet motors which also drives demand within the global market. Despite these favourable factors for market growth, the limited availability of raw materials to manufacture permanent magnet motors could hamper market growth. Nevertheless, the inflow of demand from multiple industries is projected to keep offering an impetus to the global market for permanent magnet motors.

Global Permanent Magnet Motor Market: Regional Analysis

The electronics and automotive industries across China have exhibited tremendous growth over the past years. This has directly contributed to the growth of the market for permanent magnet motors across Asia Pacific. Contrary to this affluent growth of the market in Asia Pacific, the market in North America is expected to exhibit a sluggish growth rate due to unavailability of rare earth elements in the region.

Global Permanent Magnet Motor Market: Competitive Landscape

Some of the leading players in the global market for permanent magnet motors are Hitachi Metals Ltd., Adams Magnetic Products Co., Dexter Magnetic Technologies, Arnold Magnetic Technologies, and Electron Energy Corporation.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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