Permanent Magnet Motor Market

Permanent Magnet Motor Market by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential), and Region - Global Forecast to 2026

Report Code: EP 6254 May, 2021, by marketsandmarkets.com

[254 Pages Report] The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market. The high initial cost of permanent magnet motor can restraint the growth of the permanent magnet motor market. However, growing robotics technology offers promising business opportunities in the permanent magnet motor market.

Permanent Magnet Motor Market

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COVID-19 Impact on the Permanent Magnet Motor Market

The most significant near-term impacts on permanent magnet motor that are already contracted or under manufacturing process may be felt through supply chains. Industry executives are anticipating delivery and construction slowdowns, either because of the closure of industries to reduce the spread of coronavirus or because the workers start getting sick. Many components/parts for manufacturing permanent magnet motor come from Europe, China, Asia Pacific, and part of Europe. Manufacturing disruptions in China and the US could contribute to a significant short-term decline in the permanent magnet motor market.

Moreover, due to the COVID-19 outbreak, the value of the local currencies of many countries have depreciated. There is a misalignment of supply and demand, which leads to financial losses to the metal manufactures, also the key components used in manufacturing permanent magnet motor are typically procured in US dollars, which could result in increased component costs.

Permanent magnet motor Market Dynamics

Driver: Increasing demand for energy-efficient and low-cost maintenance motors across different industries

Permanent magnet synchronous motors are far more efficient than induction motors and are the most power-dense type of traction motors commercially available. Thus, the increasing demand for higher operating efficiency motors is likely to fuel the requirement of permanent magnet synchronous motors across different industries. Most industries such as Electronic, Textile, Pulp & paper are using permanent magnet motors to offer higher-functioning products with additional features (for example, quieter washing machines and fans and improved low voltage to allow solar water pumps and deliver better performance on overcast days). Residential and commercial sectors are also looking to use Permanent Magnet Motor for their HVAC applications. Electric vehicles (about 80%) are expected to use permanent magnet synchronous motors in the coming future. Appliances powered by efficient permanent magnet motors use 22-42% less energy than appliances using conventional alternating current motors. Appliances using PM motors are also more reliable than conventional appliances, an important attribute for appliances designed for use in off-grid or rural environments. These unique features are improving consumer satisfaction in off- and weak-grid markets and drive customer’s willingness to pay for better-performing appliances.

Restraints: High cost for permanent magnet motor

One of the major factors restraining the growth of the permanent magnet motors market is its high cost. A permanent magnet motor delivers high efficiency but is priced high because of the use of costly rare-earth magnets. Although some industrial, as well as commercial electronics manufacturers, are reluctant to invest in permanent magnet motors, this trend is likely to change in the coming years, as permanent magnet motors ensure the reduction in maintenance cost, thereby improving operations in industrial as well as commercial sectors, resulting in high productivity.

Opportunities: Adoption of cost-effective ferrite permanent magnets

Rare-earth permanent magnets that are commonly used for permanent magnet motors are expensive. This is due to the use of expensive neodymium or samarium-cobalt magnets. Thus, ferrite magnets are used to manufacture cost-effective, permanent magnet motors. Apart from being cost-effective, these ferrite permanent magnets are easily available in China and have negligible current losses in low-frequency applications, such as motor drives. However, a motor with ferrite magnets is likely to have about 30-50% of rare-earth motor power density. Many companies are seeking opportunities to use cost-effective ferrites due to the high pricing of rare-earth magnets. This factor is likely to propel the demand for ferrite permanent magnet motors.

Challenges: Easy availability of low-quality and inexpensive electric motors

The permanent magnet motors market is highly fragmented, with a large number of local and international players. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of electric motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from unorganized players supplying inexpensive and low-quality electric motors. This acts as a key challenge for the growth of the Permanent Magnet Motor market.

Market Interconnection

Permanent Magnet Motor Market

The PMAC segment by type is expected to be the largest market during the forecast period

The permanent magnet motor market, by type, is segmented into PMAC, PMDC and brushless DC Motor. The PMAC segment is expected to hold the largest share of the global permanent magnet motor during the forecast period as it is largely consumed in electric vehicles and industrial manufacturing sector. The increased support and new investments in various industrial sector especially in Asia Pacific.

The up to 25 kW permanent magnet motor segment is expected to be the largest contributor to the permanent magnet motor market, by power rating, during the forecast period

The permanent magnet motor market is segmented, by power rating, into Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW and Above. The permanent magnet motors with power ranging up to 25 kW are widely used in medical electronics such as gas analyzer membrane pumps, dental instruments, breathing systems, and various industrial applications including laser scanning instruments.

Permanent Magnet Motor Market

Asia Pacific is expected to be the fastest-growing market during the forecast period

In this report, the permanent magnet motor market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America. Asia Pacific is estimated to be the largest market during forecast period from 2021 to 2026.

Growth in the permanent magnet motor market in Asia Pacific is due to rising investments in the automotive sector, especially electric vehicles, and increasing manufacturing of electronics in the region. Moreover, the countries such as China, Japan, and India are driving the growth in the permanent magnet motor market in the region.

Key Market Players

The major players in Permanent Magnet Motor market, such as ABB (Switzerland), Siemens (Germany), Wolong (China), WEG (Brazil) and Rockwell Automation (US), have comparable strengths in terms of customer base, diversified product portfolios, technological capabilities, and regional presence, and they cumulatively hold a major portion of the total market share.

Scope of the report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD)

Segments covered

Type, Power Rating, End User and Region

Geographies covered

Asia Pacific, North America, Europe, Middle East & Africa, South America

Companies covered

ABB (Switzerland), Siemens (Germany), Rockwell Automation (US), Nidec Corporation (US), Johnson Electric (China), Wolong Electric (China), WEG (brazil), Allied Motion (US), AMETEK (US), Toshiba (Japan), Regal Beloit (Italy), Yaskawa (Japan), Liebherr (Switzerland), Faulhaber (Germany), TECO (Taiwan), Dumore (US), Kolmorgen (Japan), Electrocraft (Japan), Cartermotor Company(US), and Mark Elektriks (India)

This research report categorizes the permanent magnet motor market by type, power rating, application, and region.

The permanent magnet motor market, by type, has been segmented as follows:

  • PMAC
  • PMDC
  • Brushless DC

The permanent magnet motor market, by power rating, has been segmented as follows:

  • Up to 25 kW
  • 25–100 kW
  • 100–300 kW
  • 300 kW and Above

The permanent magnet motor market, by end user, has been segmented as follows:

  • Industrial
    • Automotive
    • Textile
    • Pulp & Paper
    • Aerospace & Aviation
    • Electronics
    • Robotics
    • Food & Beverage
    • Chemicals & Petrochemicals
    • Others
  • Commercial and Residential
    • Commercial
      • Malls
      • Offices
      • Banks
      • Healthcare
      • Others
    • Residential
  • Others (Defense, Railways)

The permanent magnet motor market, by region, has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In May 2020, Nidec’s Leroy-Somer launched Dyneo+, new range of super premium efficiency permanent magnet-assisted synchronous reluctance motors.
  • In January 2021, OLA has recently announced its partnership with Siemens in order to build its upcoming electric vehicle manufacturing facility.
  • In May 2020, ABB will be responsible for the supply of more than 1,000 electric motors for new bioproduct mill in Finland
  • In October 2019, WEG installed a low voltage electric motor plant in Hosur, India. The new 13,000 square meter facility is capable of producing 250,000 electric motors per year.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 35)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
           1.3.1 PERMANENT MAGNET MOTOR MARKET, BY TYPE: INCLUSIONS & EXCLUSIONS
           1.3.2 PERMANENT MAGNET MOTOR MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           1.4.1 MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED FOR THE STUDY
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
        FIGURE 1 PERMANENT MAGNET MOTOR MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 2 DATA TRIANGULATION METHODOLOGY
           2.2.1 SECONDARY DATA
                    2.2.1.1 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 Key data from primary sources
                    2.2.2.2 Breakdown of primaries
    2.3 IMPACT OF COVID-19 ON INDUSTRY
    2.4 SCOPE
        FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR PERMANENT MAGNET MOTORS
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.5.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.5.3 DEMAND-SIDE ANALYSIS
                    2.5.3.1 Regional analysis
                    2.5.3.2 Country analysis
                    2.5.3.3 Assumptions for demand side
                    2.5.3.4 Calculation for demand side
           2.5.4 SUPPLY-SIDE ANALYSIS
                 FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF PERMANENT MAGNET MOTOR
                 FIGURE 7 PERMANENT MAGNET MOTOR MARKET: SUPPLY-SIDE ANALYSIS
                    2.5.4.1 Supply-side calculation
                    2.5.4.2 Assumptions for supply-side
           2.5.5 FORECAST

3 EXECUTIVE SUMMARY (Page No. - 53)
  TABLE 1 PERMANENT MAGNET MOTOR MARKET SNAPSHOT
  FIGURE 8 ASIA PACIFIC LED THE MARKET FOR PERMANENT MAGNET MOTOR IN 2020
  FIGURE 9 PMAC SEGMENT EXPECTED TO DOMINATE PERMANENT MAGNET MOTOR MARKET DURING FORECAST PERIOD
  FIGURE 10 UPTO 25 KW SEGMENT EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
  FIGURE 11 INDUSTRIAL SEGMENT EXPECTED TO LEAD PERMANENT MAGNET MOTOR MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 58)
    4.1 ATTRACTIVE OPPORTUNITIES IN PERMANENT MAGNET MOTOR MARKET
        FIGURE 12 INCREASING INVESTMENTS IN ELECTRONIC APPLIANCES AND ELECTRIC VEHICLES EXPECTED TO DRIVE THE MARKET DURING THE FORECAST PERIOD
    4.2 PERMANENT MAGNET MOTOR MARKET, BY REGION
        FIGURE 13 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
    4.3 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC, BY END-USE INDUSTRY & COUNTRY
        FIGURE 14 THE ELECTRONICS INDUSTRY AND CHINA HELD THE LARGEST SHARE OF THE PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC IN 2020
    4.4 PERMANENT MAGNET MOTOR MARKET, BY TYPE
        FIGURE 15 PMAC MOTOR SEGMENT EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF PERMANENT MAGNET MOTOR MARKET BY 2026
    4.5 PERMANENT MAGNET MOTOR MARKET, BY POWER RATING
        FIGURE 16 UPTO 25KW SEGMENT EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF MARKET BY 2026

5 MARKET OVERVIEW (Page No. - 62)
    5.1 INTRODUCTION
    5.2 COVID-19 HEALTH ASSESSMENT
        FIGURE 17 COVID-19 GLOBAL PROPAGATION
        FIGURE 18 COVID-19 PROPAGATION ACROSS COUNTRIES
    5.3 ROAD TO RECOVERY
        FIGURE 19 RECOVERY ROAD FOR 2020 AND 2021
    5.4 COVID-19 ECONOMIC ASSESSMENT
        FIGURE 20 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
    5.5 MARKET DYNAMICS
        FIGURE 21 PERMANENT MAGNET MOTOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.5.1 DRIVERS
                    5.5.1.1 Increasing demand for energy-efficient and low-cost maintenance motors across different industries
                    5.5.1.2 Increasing use of permanent magnet motors in electric vehicles
                            FIGURE 22 WORLDWIDE EV SALES, MILLION UNITS, 2017–2020
                    5.5.1.3 Rising demand for sustainable solutions in the HVAC industry
           5.5.2 RESTRAINTS
                    5.5.2.1 High cost of permanent magnet motors
                    5.5.2.2 Increased prices of raw materials used in manufacturing
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Adoption of cost-effective ferrite permanent magnets
                    5.5.3.2 Emergence of robotics technology
                    5.5.3.3 Increasing use of IoT and 5G technologies across industries
           5.5.4 CHALLENGES
                    5.5.4.1 Easy availability of low-quality and inexpensive electric motors
                    5.5.4.2 Shortage of components and parts due to COVID-19
                            TABLE 2 REGION/COUNTRY-WISE PERCENTAGE DEVIATION FROM BENCHMARKS DUE TO COVID-19 (GDP-2020)
    5.6 TRENDS
           5.6.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR ELECTRIC VEHICLE MANUFACTURERS
                 FIGURE 23 REVENUE SHIFT FOR PERMANENT MAGNET MOTORS
    5.7 PRICING ANALYSIS
         TABLE 3 PRICING ANALYSIS OF PERMANENT MAGNET MOTORS
    5.8 MARKET MAP
         FIGURE 24 MARKET MAP FOR PM MOTOR
         TABLE 4 PERMANENT MAGNET MOTOR: SUPPLY CHAIN/ECOSYSTEM
    5.9 VALUE CHAIN ANALYSIS
         FIGURE 25 PERMANENT MAGNET MOTOR VALUE CHAIN ANALYSIS
           5.9.1 RAW MATERIAL PROVIDERS/SUPPLIERS
           5.9.2 OEM MANUFACTURERS
           5.9.3 PERMANENT MAGNET MOTOR MANUFACTURERS/ASSEMBLERS
           5.9.4 DISTRIBUTORS (BUYERS)/END USERS AND POST-SALES SERVICES
    5.10 TECHNOLOGY ANALYSIS
           5.10.1 PM MOTOR BASED ON DIFFERENT TECHNOLOGIES
                  TABLE 5 COMPARISON OF DIFFERENT COMMERCIALLY AVAILABLE MOTOR TECHNOLOGIES
    5.11 PERMANENT MAGNET MOTOR: CODES AND REGULATIONS
         TABLE 6 PERMANENT MAGNET MOTOR: CODES AND REGULATIONS
    5.12 INNOVATIONS AND PATENT REGISTRATIONS
         TABLE 7 PERMANENT MAGNET MOTOR: INNOVATIONS AND PATENT REGISTRATIONS
    5.13 PORTER’S FIVE FORCES ANALYSIS
         FIGURE 26 PORTER’S FIVE FORCES ANALYSIS FOR PM MOTOR MARKET
         TABLE 8 PERMANENT MAGNET MOTOR: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF SUBSTITUTES
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF NEW ENTRANTS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 CASE STUDY ANALYSIS
           5.14.1 ABB’S PERMANENT MAGNET MOTOR SOLUTION FOR PAPER MILLS AND TESLA SWITCHING TO PERMANENT MAGNET MOTOR FOR ITS ELECTRIC VEHICLES
                  TABLE 9 PERMANENT MAGNET MOTOR: CASE STUDY ANALYSIS

6 PERMANENT MAGNET MOTOR MARKET, BY TYPE (Page No. - 81)
    6.1 INTRODUCTION
        FIGURE 27 PERMANENT MAGNET MOTOR MARKET SHARE, BY TYPE, 2020 (%)
        TABLE 10 PERMANENT MAGNET MOTOR MARKET, BY TYPE, 2019–2026 (USD MILLION)
    6.2 PERMANENT MAGNET AC MOTOR
           6.2.1 PERMANENT MAGNET AC MOTOR OFFER HIGH TORQUE CAPACITY AND WITHSTAND HIGH OVERLOAD CAPACITY
                 TABLE 11 PERMANENT MAGNET AC MOTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.3 PERMANENT MAGNET DC MOTOR
           6.3.1 PERMANENT MAGNET DC MOTOR ARE AVAILABLE IN SMALL SIZES FOR USE IN ELECTRONIC APPLIANCES
                 TABLE 12 PERMANENT MAGNET DC MOTOR MARKET, BY REGION, 2019–2026 (USD MILLION)-
    6.4 BRUSHLESS DC MOTOR
           6.4.1 PERMANENT MAGNET BRUSHLESS DC MOTOR ARE WITNESSING CONSIDERABLE GROWTH DUE TO INCREASING USAGE IN ELECTRIC VEHICLES
                 TABLE 13 BRUSHLESS DC MOTOR MARKET, BY REGION, 2019–2026 (USD MILLION)

7 PERMANENT MAGNET MOTOR MARKET, BY END-USE INDUSTRY (Page No. - 86)
    7.1 INTRODUCTION
        FIGURE 28 PERMANENT MAGNET MOTOR MARKET SHARE, BY END-USE INDUSTRY, 2020
        TABLE 14 PERMANENT MAGNET MOTOR MARKET, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)
    7.2 INDUSTRIAL
           7.2.1 INDUSTRIAL SEGMENT IS DRIVEN BY RAPIDLY EXPANDING MANUFACTURING ACTIVITIES IN APAC REGION
                 TABLE 15 PERMANENT MAGNET MOTOR MARKET FOR INDUSTRIAL, BY TYPE, 2019–2026 (USD MILLION)
                 TABLE 16 PERMANENT MAGNET MOTOR MARKET FOR INDUSTRIAL, BY REGION, 2019–2026 (USD MILLION)
           7.2.2 AUTOMOTIVE
                    7.2.2.1 Automotive segment accounted for major share in Permanent Magnet Motor market due to increasing usage in EV
                            TABLE 17 PERMANENT MAGNET MOTOR MARKET FOR AUTOMOTIVE, BY REGION, 2019–2026 (USD MILLION)
           7.2.3 PULP & PAPER
                    7.2.3.1 Permanent magnet motors are witnessing considerable growth from the pulp & paper segment in APAC
                            TABLE 18 PERMANENT MAGNET MOTOR MARKET FOR PULP & PAPER, BY REGION, 2019–2026 (USD MILLION)
           7.2.4 ELECTRONICS
                    7.2.4.1 The use of permanent magnet motors in electronic appliances boosts electrical efficiency far more than the traditional motors
                            TABLE 19 PERMANENT MAGNET MOTOR MARKET FOR ELECTRONICS, BY REGION, 2019–2026 (USD MILLION)
           7.2.5 CHEMICAL & PETROCHEMICALS
                    7.2.5.1 Increasing upstream activities across APAC and North America will boost the sales of PM motors in these regions
                            TABLE 20 PERMANENT MAGNET MOTOR MARKET FOR CHEMICALS & PETROCHEMICALS, BY REGION, 2019–2026 (USD MILLION)
           7.2.6 OTHERS
                 TABLE 21 PERMANENT MAGNET MOTOR MARKET FOR OTHER INDUSTRIES, BY REGION, 2019–2026 (USD MILLION)
    7.3 COMMERCIAL AND RESIDENTIAL
        TABLETABLE 22 PERMANENT MAGNET MOTOR MARKET FOR COMMERCIAL AND RESIDENTIAL, BY TYPE, 2019–2026 (USD MILLION)
        TABLE 23 PERMANENT MAGNET MOTOR MARKET FOR COMMERCIAL, BY TYPE, BY REGION, 2019–2026 (USD MILLION)
           7.3.1 COMMERCIAL
                    7.3.1.1 Commercial segment generates major share due to use of permanent magnet motor in large buildings and various energy-intensive operations
                            TABLE 24 PERMANENT MAGNET MOTOR MARKET FOR COMMERCIAL, BY TYPE, 2019–2026 (USD MILLION)
                            TABLE 25 PERMANENT MAGNET MOTOR MARKET FOR COMMERCIAL, BY REGION, 2019–2026 (USD MILLION)
                    7.3.1.2 Malls
                               7.3.1.2.1 Rising number of supermarkets across the globe will increase the usage of permanent magnet motor
                                         TABLE 26 PERMANENT MAGNET MOTOR MARKET FOR MALLS, BY REGION, 2019–2026 (USD MILLION)
                    7.3.1.3 Offices
                               7.3.1.3.1 Growth in IT & telecom sector across the globe will boost the sales of permanent magnet motors
                                         TABLE 27 PERMANENT MAGNET MOTOR MARKET FOR OFFICES, BY REGION, 2019–2026 (USD MILLION)
                    7.3.1.4 Healthcare
                               7.3.1.4.1 Due to high reliability and compact size, usage of permanent magnet motor will increase in medical devices
                                         TABLE 28 PERMANENT MAGNET MOTOR MARKET FOR HEALTHCARE, BY REGION, 2019–2026 (USD MILLION)
                    7.3.1.5 Others
                            TABLE 29 PERMANENT MAGNET MOTOR MARKET FOR OTHER COMMERCIAL INDUSTRIES, BY REGION, 2019–2026 (USD MILLION)
           7.3.2 RESIDENTIAL
                    7.3.2.1 Rapid urbanization and growing population across the globe will increase the usage of permanent magnet motor
                            TABLE 30 PERMANENT MAGNET MOTOR MARKET FOR RESIDENTIAL, BY REGION, 2019–2026 (USD MILLION)
    7.4 OTHERS
        TABLE 31 PERMANENT MAGNET MOTOR MARKET FOR OTHER END-USE INDUSTRIES, BY REGION, 2019–2026 (USD MILLION)

8 PERMANENT MAGNET MOTOR MARKET, BY POWER RATING (Page No. - 98)
    8.1 INTRODUCTION
        FIGURE 29 PERMANENT MAGNET MOTOR MARKET, BY POWER RATING, 2020 (%)
        TABLE 32 PERMANENT MAGNET MOTOR MARKET SIZE, BY POWER RATING, 2019–2026 (USD)
    8.2 UPTO 25 KW
           8.2.1 INCREASING USE OF PERMANENT MAGNET MOTOR UPTO 25 KW ACROSS ELECTRONICS AND INDUSTRIAL SEGMENT
                 TABLE 33 UPTO 25 KW PERMANENT MAGNET MOTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    8.3 25–100 KW
           8.3.1 RISING APPLICATION OF PERMANENT MAGNET MOTOR UPTO 25–100 KW ACROSS PRINTING & PACKAGING INDUSTRY
                 TABLE 34 25–100 KW PERMANENT MAGNET MOTOR MARKET, BY REGION, 2019–2026 (USD MILLION)
    8.4 100–300 KW
           8.4.1 INCREASING DEMAND FOR PERMANENT MAGNET MOTOR UPTO 100–300 KW ACROSS AEROSPACE AND RAILWAYS
                 TABLE 35 100–300 KW PERMANENT MAGNET MOTOR MARKET, BY REGION, 2019–2026 (USD)
    8.5 300 KW AND ABOVE
           8.5.1 INCREASING APPLICATION OF PERMANENT MAGNET MOTOR 300 KW & ABOVE DUE TO ITS ADVANTAGE OVER CONVENTIONAL PROPULSION
                 TABLE 36 300 KW & ABOVE PERMANENT MAGNET MOTOR MARKET, BY REGION, 2019–2026 (USD)

9 GEOGRAPHICAL ANALYSIS (Page No. - 103)
    9.1 INTRODUCTION
        FIGURE 30 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
        FIGURE 31 PERMANENT MAGNET MOTOR MARKET SHARE, BY REGION, 2020 (%)
        TABLE 37 PERMANENT MAGNET MOTOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
        TABLE 38 PERMANENT MAGNET MOTOR MARKET SIZE, BY REGION, 2019–2026 (VOLUME IN MILLION UNITS)
    9.2 ASIA PACIFIC
        FIGURE 32 ASIA PACIFIC PM MOTOR MARKET SNAPSHOT
           9.2.1 PRICE TREND ANALYSIS
                 FIGURE 33 ASIA PACIFIC PRICE TREND ANALYSIS (2018-2020)
           9.2.2 BY TYPE
                 TABLE 39 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC, BY TYPE, 2019–2026 (USD MILLION)
           9.2.3 BY POWER RATING
                 TABLE 40 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.4 BY END-USE INDUSTRY
                 TABLE 41 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 42 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 43 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           9.2.5 BY COUNTRY
                 TABLE 44 PERMANENT MAGNET MOTOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.2.5.1 China
                               9.2.5.1.1 Increasing manufacturing activities to contribute to the growth of PM motor market in China
                               9.2.5.1.2 By type
                                         TABLE 45 PERMANENT MAGNET MOTOR MARKET IN CHINA, BY TYPE, 2019–2026 (USD MILLION)
                               9.2.5.1.3 By power rating
                                         TABLE 46 PERMANENT MAGNET MOTOR MARKET IN CHINA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.6 BY END-USE INDUSTRY
                 TABLE 47 PERMANENT MAGNET MOTOR MARKET IN CHINA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 48 PERMANENT MAGNET MOTOR MARKET IN CHINA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 49 PERMANENT MAGNET MOTOR MARKET IN CHINA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.2.6.1 Japan
                               9.2.6.1.1 Growing focus on technologically advanced industrial equipment and manufacturing process drive demand for PM motors in Japan
                               9.2.6.1.2 By type
                                         TABLE 50 PERMANENT MAGNET MOTOR MARKET IN JAPAN, BY TYPE, 2019–2026 (USD MILLION)
                               9.2.6.1.3 By power rating
                                         TABLE 51 PERMANENT MAGNET MOTOR MARKET IN JAPAN, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.7 BY END-USE INDUSTRY
                 TABLE 52 PERMANENT MAGNET MOTOR MARKET IN JAPAN, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 53 PERMANENT MAGNET MOTOR MARKET IN JAPAN FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION))
                 TABLE 54 PERMANENT MAGNET MOTOR MARKET IN JAPAN FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.2.7.1 India
                               9.2.7.1.1 Ongoing Industrialization expected to drive the demand for PM motors in India
                               9.2.7.1.2 By type
                                         TABLE 55 PERMANENT MAGNET MOTOR MARKET IN INDIA, BY TYPE, 2019–2026 (USD MILLION)
                               9.2.7.1.3 By power rating
                                         TABLE 56 PERMANENT MAGNET MOTOR MARKET IN INDIA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.8 BY END-USE INDUSTRY
                 TABLE 57 PERMANENT MAGNET MOTOR MARKET IN INDIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 58 PERMANENT MAGNET MOTOR MARKET IN INDIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 59 PERMANENT MAGNET MOTOR MARKET IN INDIA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.2.8.1 South Korea
                               9.2.8.1.1 Rise in manufacturing of electronics and automobiles is expected to drive the market in the country
                               9.2.8.1.2 By type
                                         TABLE 60 PERMANENT MAGNET MOTOR MARKET IN SOUTH KOREA, BY TYPE, 2019–2026 (USD MILLION)
                               9.2.8.1.3 By power rating
                                         TABLE 61 PERMANENT MAGNET MOTOR MARKET IN SOUTH KOREA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.9 BY END-USE INDUSTRY
                 TABLE 62 PERMANENT MAGNET MOTOR MARKET IN SOUTH KOREA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 63 PERMANENT MAGNET MOTOR MARKET IN SOUTH KOREA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 64 PERMANENT MAGNET MOTOR MARKET IN SOUTH KOREA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.2.9.1 Australia
                               9.2.9.1.1 Increasing demand for consumer electronics fueling the growth of PM motors in Australia
                               9.2.9.1.2 By type
                                         TABLE 65 PERMANENT MAGNET MOTOR MARKET IN AUSTRALIA, BY TYPE, 2019–2026 (USD MILLION)
                               9.2.9.1.3 By power rating
                                         TABLE 66 PERMANENT MAGNET MOTOR MARKET IN AUSTRALIA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.10 BY END-USE INDUSTRY
                 TABLE 67 PERMANENT MAGNET MOTOR MARKET IN AUSTRALIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 68 PERMANENT MAGNET MOTOR MARKET IN AUSTRALIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 69 PERMANENT MAGNET MOTOR MARKET IN AUSTRALIA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.2.10.1 Rest of Asia Pacific
                               9.2.10.1.1 By type
                                         TABLE 70 PERMANENT MAGNET MOTOR MARKET IN REST OF ASIA PACIFIC, BY TYPE, 2019–2026 (USD MILLION)
                               9.2.10.1.2 By power rating
                                         TABLE 71 PERMANENT MAGNET MOTOR MARKET IN REST OF ASIA PACIFIC, BY POWER RATING, 2019–2026 (USD MILLION)
           9.2.11 BY END-USE INDUSTRY
                 TABLE 72 PERMANENT MAGNET MOTOR MARKET IN REST OF ASIA PACIFIC, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 73 PERMANENT MAGNET MOTOR MARKET IN REST OF ASIA-PACIFIC FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 74 PERMANENT MAGNET MOTOR MARKET IN REST OF ASIA PACIFIC FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
    9.3 NORTH AMERICA
        FIGURE 34 NORTH AMERICA: PM MOTOR MARKET SNAPSHOT
           9.3.1 PRICE TREND ANALYSIS
                 FIGURE 35 PRICE TREND ANALYSIS (2018-2020)
           9.3.2 BY TYPE
                 TABLE 75 PERMANENT MAGNET MOTOR MARKET IN NORTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
           9.3.3 BY POWER RATING
                 TABLE 76 PERMANENT MAGNET MOTOR MARKET IN NORTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.3.4 BY END-USE INDUSTRY
                 TABLE 77 PERMANENT MAGNET MOTOR MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 78 PERMANENT MAGNET MOTOR MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 79 PERMANENT MAGNET MOTOR MARKET IN NORTH AMERICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           9.3.5 BY COUNTRY
                 TABLE 80 PERMANENT MAGNET MOTOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.3.5.1 US
                               9.3.5.1.1 New reforms related to energy efficiency will fuel the growth of the permanent magnet motor market
                               9.3.5.1.2 By type
                                         TABLE 81 PERMANENT MAGNET MOTOR MARKET IN US, BY TYPE, 2019–2026 (USD MILLION)
                               9.3.5.1.3 By power rating
                                         TABLE 82 PERMANENT MAGNET MOTOR MARKET IN US, BY POWER RATING, 2019–2026 (USD MILLION)
           9.3.6 BY END-USE INDUSTRY
                 TABLE 83 PERMANENT MAGNET MOTOR MARKET IN US, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 84 PERMANENT MAGNET MOTOR MARKET IN US FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 85 PERMANENT MAGNET MOTOR MARKET IN US FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.3.6.1 Mexico
                               9.3.6.1.1 Mexico’s manufacturing capabilities at low-cost is providing opportunity for PM motor manufacturers
                               9.3.6.1.2 By Type
                                         TABLE 86 PERMANENT MAGNET MOTOR MARKET IN MEXICO, BY TYPE, 2019–2026 (USD MILLION)
                               9.3.6.1.3 By power rating
                                         TABLE 87 PERMANENT MAGNET MOTOR MARKET IN MEXICO, BY POWER RATING, 2019–2026 (USD MILLION)
           9.3.7 BY END-USE INDUSTRY
                 TABLE 88 PERMANENT MAGNET MOTOR MARKET IN MEXICO, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 89 PERMANENT MAGNET MOTOR MARKET IN MEXICO FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 90 PERMANENT MAGNET MOTOR MARKET IN MEXICO FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.3.7.1 Canada
                               9.3.7.1.1 Heavy investments in end-use industries will boost the demand for permanent magnet motors
                               9.3.7.1.2 By type
                                         TABLE 91 PERMANENT MAGNET MOTOR MARKET IN CANADA, BY TYPE, 2019–2026 (USD MILLION)
                               9.3.7.1.3 By power rating
                                         TABLE 92 PERMANENT MAGNET MOTOR MARKET IN CANADA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.3.8 BY END-USE INDUSTRY
                 TABLE 93 PERMANENT MAGNET MOTOR MARKET IN CANADA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 94 PERMANENT MAGNET MOTOR MARKET IN CANADA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 95 PERMANENT MAGNET MOTOR MARKET IN CANADA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.3.8.1 Rest of North America
                               9.3.8.1.1 Cuba is a potential market in the Rest of North America
                               9.3.8.1.2 By type
                                         TABLE 96 PERMANENT MAGNET MOTOR MARKET IN REST OF NORTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
                               9.3.8.1.3 By power rating
                                         TABLE 97 PERMANENT MAGNET MOTOR MARKET IN REST OF NORTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.3.9 BY END-USE INDUSTRY
                 TABLE 98 PERMANENT MAGNET MOTOR MARKET IN REST OF NORTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 99 PERMANENT MAGNET MOTOR MARKET IN REST OF NORTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 100 PERMANENT MAGNET MOTOR MARKET IN REST OF NORTH AMERICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
    9.4 EUROPE
           9.4.1 PRICE TREND ANALYSIS
           9.4.2 BY TYPE
                 TABLE 101 PERMANENT MAGNET MOTOR MARKET IN EUROPE, BY TYPE, 2019–2026 (USD MILLION)
           9.4.3 BY POWER RATING
                 TABLE 102 PERMANENT MAGNET MOTOR MARKET IN EUROPE, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.4 BY END-USE INDUSTRY
                 TABLE 103 PERMANENT MAGNET MOTOR MARKET IN EUROPE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 104 PERMANENT MAGNET MOTOR MARKET IN EUROPE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 105 PERMANENT MAGNET MOTOR MARKET IN EUROPE FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           9.4.5 BY COUNTRY
                 TABLE 106 PERMANENT MAGNET MOTOR MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.4.5.1 Germany
                               9.4.5.1.1 Increasing investment in medical equipment and automotive sectors to fuel demand for PM motors in the country
                               9.4.5.1.2 By type
                                         TABLE 107 PERMANENT MAGNET MOTOR MARKET IN GERMANY, BY TYPE, 2019–2026 (USD MILLION)
                               9.4.5.1.3 By power rating
                                         TABLE 108 PERMANENT MAGNET MOTOR MARKET IN GERMANY, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.6 BY END-USE INDUSTRY
                 TABLE 109 PERMANENT MAGNET MOTOR MARKET IN GERMANY, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 110 PERMANENT MAGNET MOTOR MARKET IN GERMANY FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 111 PERMANENT MAGNET MOTOR MARKET IN GERMANY FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.4.6.1 Russia
                               9.4.6.1.1 Increasing investment in the manufacturing sector expected to increase the demand for PM motors in the country
                               9.4.6.1.2 By type
                                         TABLE 112 PERMANENT MAGNET MOTOR MARKET IN RUSSIA, BY TYPE, 2019–2026 (USD MILLION)
                               9.4.6.1.3 By power rating
                                         TABLE 113 PERMANENT MAGNET MOTOR MARKET IN RUSSIA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.7 BY END-USE INDUSTRY
                 TABLE 114 PERMANENT MAGNET MOTOR MARKET IN RUSSIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 115 PERMANENT MAGNET MOTOR MARKET IN RUSSIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 116 PERMANENT MAGNET MOTOR MARKET IN RUSSIA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.4.7.1 Italy
                               9.4.7.1.1 Increased applications of PM motors across industries drive their demand
                               9.4.7.1.2 By type
                                         TABLE 117 PERMANENT MAGNET MOTOR MARKET IN ITALY, BY TYPE, 2019–2026 (USD MILLION)
                               9.4.7.1.3 By power rating
                                         TABLE 118 PERMANENT MAGNET MOTOR MARKET IN ITALY, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.8 BY END-USE INDUSTRY
                 TABLE 119 PERMANENT MAGNET MOTOR MARKET IN ITALY, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 120 PERMANENT MAGNET MOTOR MARKET IN ITALY FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 121 PERMANENT MAGNET MOTOR MARKET IN ITALY FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.4.8.1 France
                               9.4.8.1.1 Growth of the automotive industry is expected to boost the sales of brushless DC motors
                               9.4.8.1.2 By type
                                         TABLE 122 PERMANENT MAGNET MOTOR MARKET IN FRANCE, BY TYPE, 2019–2026 (USD MILLION)
                               9.4.8.1.3 By power rating
                                         TABLE 123 PERMANENT MAGNET MOTOR MARKET IN FRANCE, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.9 BY END-USE INDUSTRY
                 TABLE 124 PERMANENT MAGNET MOTOR MARKET IN FRANCE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 125 PERMANENT MAGNET MOTOR MARKET IN FRANCE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 126 PERMANENT MAGNET MOTOR MARKET IN FRANCE FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.4.9.1 UK
                               9.4.9.1.1 By type
                                         TABLE 127 PERMANENT MAGNET MOTOR MARKET IN UK, BY TYPE, 2019–2026 (USD MILLION)
                               9.4.9.1.2 By power rating
                                         TABLE 128 PERMANENT MAGNET MOTOR MARKET IN UK, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.10 BY END-USE INDUSTRY
                 TABLE 129 PERMANENT MAGNET MOTOR MARKET IN UK, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 130 PERMANENT MAGNET MOTOR MARKET IN UK FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 131 PERMANENT MAGNET MOTOR MARKET IN UK FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.4.10.1 Rest of Europe
                               9.4.10.1.1 By type
                                         TABLE 132 PERMANENT MAGNET MOTOR MARKET IN REST OF EUROPE, BY TYPE, 2019–2026 (USD MILLION)
                               9.4.10.1.2 By power rating
                                         TABLE 133 PERMANENT MAGNET MOTOR MARKET IN REST OF EUROPE, BY POWER RATING, 2019–2026 (USD MILLION)
           9.4.11 BY END-USE INDUSTRY
                 TABLE 134 PERMANENT MAGNET MOTOR MARKET IN REST OF EUROPE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 135 PERMANENT MAGNET MOTOR MARKET IN REST OF EUROPE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 136 PERMANENT MAGNET MOTOR MARKET IN REST OF EUROPE FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA
           9.5.1 PRICE TREND ANALYSIS
           9.5.2 BY TYPE
                 TABLE 137 PERMANENT MAGNET MOTOR MARKET IN MIDDLE EAST & AFRICA, BY TYPE, 2019–2026 (USD MILLION)
           9.5.3 BY POWER RATING
                 TABLE 138 PERMANENT MAGNET MOTOR MARKET IN MIDDLE EAST & AFRICA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.5.4 BY END-USE INDUSTRY
                 TABLE 139 PERMANENT MAGNET MOTOR MARKET IN MIDDLE EAST, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 140 PERMANENT MAGNET MOTOR MARKET IN MIDDLE EAST & AFRICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 141 PERMANENT MAGNET MOTOR MARKET IN MIDDLE EAST & AFRICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           9.5.5 BY COUNTRY
                 TABLE 142 PERMANENT MAGNET MOTOR MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION)
                    9.5.5.1 Saudi Arabia
                               9.5.5.1.1 Increasing investment in the oil& gas and automotive sectors is expected to drive the demand for PM motors
                               9.5.5.1.2 By type
                                         TABLE 143 PERMANENT MAGNET MOTOR MARKET IN SAUDI ARABIA, BY TYPE, 2019–2026 (USD MILLION)
                               9.5.5.1.3 By power rating
                                         TABLE 144 PERMANENT MAGNET MOTOR MARKET IN SAUDI ARABIA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.5.6 BY END-USE INDUSTRY
                 TABLE 145 PERMANENT MAGNET MOTOR MARKET IN SAUDI ARABIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 146 PERMANENT MAGNET MOTOR MARKET IN SAUDI ARABIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 147 PERMANENT MAGNET MOTOR MARKET IN SAUDI ARABIA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.5.6.1 South Africa
                               9.5.6.1.1 Increasing investment in the industrial manufacturing sector is projected to boost the market
                               9.5.6.1.2 By type
                                         TABLE 148 PERMANENT MAGNET MOTOR MARKET IN SOUTH AFRICA, BY TYPE, 2019–2026 (USD MILLION)
                               9.5.6.1.3 By power rating
                                         TABLE 149 PERMANENT MAGNET MOTOR MARKET IN SOUTH AFRICA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.5.7 BY END-USE INDUSTRY
                 TABLE 150 PERMANENT MAGNET MOTOR MARKET IN SOUTH AFRICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 151 PERMANENT MAGNET MOTOR MARKET IN SOUTH AFRICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 152 PERMANENT MAGNET MOTOR MARKET IN REST OF SOUTH AFRICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.5.7.1 UAE
                               9.5.7.1.1 New investments by the UAE government in the oil & gas sector is expected to boost the demand for PM motors
                               9.5.7.1.2 By type
                                         TABLE 153 PERMANENT MAGNET MOTOR MARKET IN UAE, BY TYPE, 2019–2026 (USD MILLION)
                               9.5.7.1.3 By power rating
                                         TABLE 154 PERMANENT MAGNET MOTOR MARKET IN UAE, BY POWER RATING, 2019–2026 (USD MILLION)
           9.5.8 BY END-USE INDUSTRY
                 TABLE 155 PERMANENT MAGNET MOTOR MARKET IN UAE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 156 PERMANENT MAGNET MOTOR MARKET IN UAE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 157 PERMANENT MAGNET MOTOR MARKET IN UAE FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.5.8.1 Rest of MEA
                               9.5.8.1.1 By type
                                         TABLE 158 PERMANENT MAGNET MOTOR MARKET IN REST OF MEA, BY TYPE, 2019–2026 (USD MILLION)
                               9.5.8.1.2 By power rating
                                         TABLE 159 PERMANENT MAGNET MOTOR MARKET IN REST OF MEA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.5.9 BY END-USE INDUSTRY
                 TABLE 160 PERMANENT MAGNET MOTOR MARKET IN REST OF MEA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 161 PERMANENT MAGNET MOTOR MARKET IN REST OF MEA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 162 PERMANENT MAGNET MOTOR MARKET IN REST OF MEA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
    9.6 SOUTH AMERICA
           9.6.1 PRICE TREND ANALYSIS
           9.6.2 BY TYPE
                 TABLE 163 PERMANENT MAGNET MOTOR MARKET IN SOUTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
           9.6.3 BY POWER RATING
                 TABLE 164 PERMANENT MAGNET MOTOR MARKET IN SOUTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.6.4 BY END-USE INDUSTRY
                 TABLE 165 PERMANENT MAGNET MOTOR MARKET IN SOUTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 166 PERMANENT MAGNET MOTOR MARKET IN SOUTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 167 PERMANENT MAGNET MOTOR MARKET IN SOUTH AMERICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
           9.6.5 BY COUNTRY
                 TABLE 168 PERMANENT MAGNET MOTOR MARKET IN SOUTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION)
           9.6.6 BRAZIL
                    9.6.6.1 Growth of the automotive sector in Brazil fuel the demand for PM motors
                               9.6.6.1.1 By type
                                         TABLE 169 PERMANENT MAGNET MOTOR MARKET IN BRAZIL, BY TYPE, 2019–2026 (USD MILLION)
                               9.6.6.1.2 By power rating
                                         TABLE 170 PERMANENT MAGNET MOTOR MARKET IN BRAZIL, BY POWER RATING, 2019–2026 (USD MILLION)
           9.6.7 BY END-USE INDUSTRY
                 TABLE 171 PERMANENT MAGNET MOTOR MARKET IN BRAZIL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 172 PERMANENT MAGNET MOTOR MARKET IN BRAZIL FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 173 PERMANENT MAGNET MOTOR MARKET IN BRAZIL FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.6.7.1 Argentina
                               9.6.7.1.1 Growing investments in the manufacturing of electronic equipment expected to fuel the market growth in Argentina
                               9.6.7.1.2 By type
                                         TABLE 174 PERMANENT MAGNET MOTOR MARKET IN ARGNETINA, BY TYPE, 2019–2026 (USD MILLION)
                               9.6.7.1.3 By power rating
                                         TABLE 175 PERMANENT MAGNET MOTOR MARKET IN ARGENTINA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.6.8 BY END-USE INDUSTRY
                 TABLE 176 PERMANENT MAGNET MOTOR MARKET IN ARGENTINA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 177 PERMANENT MAGNET MOTOR MARKET IN ARGENTINA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 178 PERMANENT MAGNET MOTOR MARKET IN ARGENTINA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                    9.6.8.1 Rest of South America
                               9.6.8.1.1 By type
                                         TABLE 179 PERMANENT MAGNET MOTOR MARKET IN REST OF SOUTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
                               9.6.8.1.2 By power rating
                                         TABLE 180 PERMANENT MAGNET MOTOR MARKET IN REST OF SOUTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
           9.6.9 BY END-USE INDUSTRY
                 TABLE 181 PERMANENT MAGNET MOTOR MARKET IN REST OF SOUTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 182 PERMANENT MAGNET MOTOR MARKET IN REST OF SOUTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
                 TABLE 183 PERMANENT MAGNET MOTOR MARKET IN REST OF SOUTH AMERICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 184)
     10.1 KEY PLAYER STRATEGIES
          TABLE 184 OVERVIEW OF TOP PLAYERS, JANUARY 2017– MARCH 2021
     10.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
          TABLE 185 PERMANENT MAGNET MOTOR MARKET: DEGREE OF COMPETITION
          FIGURE 36 PERMANENT MAGNET MOTOR MARKET SHARE ANALYSIS, 2020
     10.3 MARKET EVALUATION FRAMEWORK
          TABLE 186 MARKET EVALUATION FRAMEWORK
     10.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
          FIGURE 37 TOP FIVE PLAYERS IN PERMANENT MAGNET MOTOR MARKET FROM 2015 TO 2019
     10.5 COMPANY EVALUATION MATRIX
             10.5.1 STAR
             10.5.2 EMERGING LEADER
             10.5.3 PARTICIPANT
                     FIGURE 38 COMPETITIVE LEADERSHIP MAPPING: PERMANENT MAGNET MOTOR MARKET, 2019
                     TABLE 187 COMPANY PRODUCT FOOTPRINT
                     TABLE 188 COMPANY ARCHITECTURE FOORPRINT
                     TABLE 189 COMPANY END-USE INDUSTRY FOOTPRINT
                     TABLE 190 COMPANY REGIONAL FOOTPRINT
     10.6 COMPETITIVE SCENARIO
          TABLE 191 PERMANENT MAGNET MOTOR MARKET: PRODUCT LAUNCHES, JANUARY 2017–JANUARY 2021
          TABLE 192 PERMANENT MAGNET MOTOR MARKET: DEALS, JANUARY 2017–MARCH 2021
          TABLE 193 PERMANENT MAGNET MOTOR MARKET: OTHER DEVELOPMENTS, JANUARY 2018–2019

11 COMPANY PROFILES (Page No. - 198)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 MAJOR PLAYERS
             11.1.1 ABB
                     TABLE 194 ABB: COMPANY OVERVIEW
                     FIGURE 39 ABB: COMPANY SNAPSHOT
                     TABLE 195 ABB: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 196 ABB: PRODUCT LAUNCHES, JANUARY 2018–MARCH 2021
                     TABLE 197 ABB: DEALS, JANUARY 2017–MARCH 2021
             11.1.2 SIEMENS
                     TABLE 198 SIEMENS: COMPANY OVERVIEW
                     FIGURE 40 SIEMENS: COMPANY SNAPSHOT
                     TABLE 199 SIEMENS: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 200 SIEMENS: DEALS, JANUARY 2017–MARCH 2021
             11.1.3 ROCKWELL AUTOMATION
                     TABLE 201 ROCKWELL AUTOMATION: COMPANY OVERVIEW
                     FIGURE 41 ROCKWELL: COMPANY SNAPSHOT
                     TABLE 202 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 203 ROCKWELL AUTOMATION: DEALS, JANUARY 2018–MARCH 2021
             11.1.4 NIDEC CORPORATION
                     TABLE 204 NIDEC CORPORATION: COMPANY OVERVIEW
                     FIGURE 42 NIDEC CORPORATION: COMPANY SNAPSHOT
                     TABLE 205 NIDEC: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 206 NIDEC: DEALS, JANUARY 2017–MARCH 2021
             11.1.5 JOHNSON ELECTRIC
                     TABLE 207 JOHNSON ELECTRIC: COMPANY OVERVIEW
                     FIGURE 43 JOHNSON ELECTRIC: COMPANY SNAPSHOT
                     TABLE 208 JOHNSON ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 209 JOHNSON ELECTRIC: DEALS, JANUARY 2017–MARCH 2021
             11.1.6 WOLONG ELECTRIC
                     TABLE 210 WOLONG ELECTRIC: COMPANY OVERVIEW
                     TABLE 211 WOLONG ELECTRIC: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 212 WOLONG ELECTRIC: DEALS, JANUARY 2018–MARCH 2021
             11.1.7 WEG
                     TABLE 213 WEG: COMPANY OVERVIEW
                     FIGURE 44 WEG: COMPANY SNAPSHOT
                     TABLE 214 WEG: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 215 WEG: DEALS, JANUARY 2017–MARCH 2021
             11.1.8 ALLIED MOTION
                     TABLE 216 ALLIED MOTION: COMPANY OVERVIEW
                     FIGURE 45 ALLIED MOTION: COMPANY SNAPSHOT
                     TABLE 217 ALLIED MOTION: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 218 ALLIED MOTION: DEALS, JANUARY 2020–MARCH 2021
             11.1.9 AMETEK
                     TABLE 219 AMETEK: COMPANY OVERVIEW
                     FIGURE 46 AMETEK: COMPANY SNAPSHOT
                     TABLE 220 AMETEK: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 221 AMETEK: DEALS, JANUARY 2019–MARCH 2021
             11.1.10 TOSHIBA
                     TABLE 222 TOSHIBA: COMPANY OVERVIEW
                     FIGURE 47 TOSHIBA: COMPANY SNAPSHOT
                     TABLE 223 TOSHIBA: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 224 TOSHIBA: DEALS, JANUARY 2017–MARCH 2021
             11.1.11 REGAL BELOIT CORPORATION
                     TABLE 225 REGAL BELOIT: COMPANY OVERVIEW
                     FIGURE 48 REGAL BELOIT: COMPANY SNAPSHOT
                     TABLE 226 REGAL BELOIT: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 227 REGAL BELOIT: DEALS, JANUARY 2018–MARCH 2021
             11.1.12 YASKAWA
                     TABLE 228 YASKAWA: COMPANY OVERVIEW
                     FIGURE 49 YASKAWA: COMPANY SNAPSHOT
                     TABLE 229 YASKAWA: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 230 YASKAWA: DEALS, JANUARY 2018–MARCH 2021
             11.1.13 LIEBHERR
                     TABLE 231 LIEBHERR: COMPANY OVERVIEW
                     FIGURE 50 LIEBHERR: COMPANY SNAPSHOT
                     TABLE 232 LIEBHERR: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 233 LIEBHERR: DEALS, JANUARY 2019–MARCH 2020
             11.1.14 FAULHABER
                     TABLE 234 FAULHABER: COMPANY OVERVIEW
                     FIGURE 51 FAULHABER: COMPANY SNAPSHOT
                     TABLE 235 FAULHABER: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 236 FAULHABER: DEALS, JANUARY 2018–MARCH 2021
             11.1.15 TECO
                     TABLE 237 TECO: COMPANY OVERVIEW
                     FIGURE 52 TECO: COMPANY SNAPSHOT
                     TABLE 238 TECO: PRODUCTS/SOLUTIONS OFFERED
                     TABLE 239 TECO: DEALS, JANUARY 2017–MARCH 2021
     11.2 OTHER KEY PLAYERS
             11.2.1 DUMORE
             11.2.2 KOLLMORGEN
             11.2.3 ELECTROCRAFT
             11.2.4 CARTERMOTOR COMPANY
             11.2.5 MARK ELEKTRIKS

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 246)
     12.1 INSIGHTS OF INDUSTRY EXPERTS
     12.2 DISCUSSION GUIDE
     12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.4 AVAILABLE CUSTOMIZATIONS
     12.5 RELATED REPORTS
     12.6 AUTHOR DETAILS

This study involved four major activities in estimating the current size of the permanent magnet motor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global permanent magnet motor market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. 

Primary Research

The permanent magnet motor market comprises several stakeholders, such as end-product manufacturers, service providers, and end-users in the supply chain. This market's demand-side is characterized by its end-users, such as industrial, commercial and residential, and others which include defense and transportation.  The supply-side is characterized by permanent magnet motor manufacturers and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

Permanent Magnet Motor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global permanent magnet motor market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The industry and market's key players have been identified through extensive secondary research, and their market share in the respective regions has been determined through both primary and secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Permanent magnet motor Market Size: Bottom-Up Approach

Permanent Magnet Motor Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and describe the global permanent magnet motor market by type, power rating, end user, and region.
  • To provide detailed information about the major factors influencing the market (drivers, restraints, opportunities, and industry-specific challenges).
  • To strategically analyze the global permanent magnet motor market with respect to individual growth trends, future expansions, and each segment's contribution to the market.
  • The impact of the COVID-19 pandemic on the permanent magnet motor market has been analyzed to estimate the market size.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
  • To forecast the growth of the global permanent magnet motor market with respect to the main regions (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
  • To profile and rank key players and comprehensively analyze their market share.
  • To analyze competitive developments such as contracts & agreements, product launches, and mergers & acquisitions in the permanent magnet motor market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Company Information

  • ?Detailed analyses and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Permanent Magnet Motor Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Permanent Magnet Motor Market

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EP 6254
Published ON
May, 2021
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