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
[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 market. The high initial cost of permanent magnet motor can restraint the growth of the market. However, growing robotics technology offers promising business opportunities in the 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
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.
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 market in the region.
Key Market Players
The key players profiled in this report are 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.
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- Latest News, Updates & Trend analysis
|
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
- Commercial
- 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):
What is the current size of the permanent magnet motor market?
The current market size of global permanent magnet motor market is estimated to be USD 64.6 billion in 2021.
What are the major drivers for permanent magnet motor market?
Increasing demand for energy-efficient and low cost maintenance motors across different industries is the major driver for the permanent magnet motor market. Increasing use of permanent magnet motors in electric vehicles. Rising demand for sustainable solutions and high efficient motors in HVAC industry is another factor driving the market.
Which is the fastest-growing region during the forecasted period in the permanent magnet motor market?
Asia Pacific is the fastest-growing region during the forecasted period in permanent magnet motor market.
Which is the largest segment, by power rating during the forecasted period in permanent magnet motor market?
The up to 25 kW segment is projected to hold the largest market share during the forecast period. The permanent magnet motors with power ranging up to 25 kW are widely used in medical electronics and industrial applications.
Which is the largest segment, by type during the forecasted period in permanent magnet motor market?
The PMAC segment is projected to hold the largest market share during forecast period. 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. .
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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 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 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 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 MARKET, BY REGION
FIGURE 13 PERMANENT MAGNET AC MOTOR MARKET IN ASIA PACIFIC PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
4.3 MARKET IN ASIA PACIFIC, BY END-USE INDUSTRY & COUNTRY
FIGURE 14 THE ELECTRONICS INDUSTRY AND CHINA HELD THE LARGEST SHARE OF THE MARKET IN ASIA PACIFIC IN 2020
4.4 MARKET, BY TYPE
FIGURE 15 PMAC MOTOR SEGMENT EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF MARKET BY 2026
4.5 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 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 AC 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 AC 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 MARKET SHARE, BY TYPE, 2020 (%)
TABLE 10 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 AC MOTOR MARKET SHARE, BY END-USE INDUSTRY, 2020
TABLE 14 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 MARKET FOR INDUSTRIAL, BY TYPE, 2019–2026 (USD MILLION)
TABLE 16 MARKET FOR INDUSTRIAL, BY REGION, 2019–2026 (USD MILLION)
7.2.2 AUTOMOTIVE
7.2.2.1 Automotive segment accounted for major share in market due to increasing usage in EV
TABLE 17 PERMANENT MAGNET AC 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 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 AC 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 MARKET FOR CHEMICALS & PETROCHEMICALS, BY REGION, 2019–2026 (USD MILLION)
7.2.6 OTHERS
TABLE 21 PERMANENT MAGNET AC MOTOR MARKET FOR OTHER INDUSTRIES, BY REGION, 2019–2026 (USD MILLION)
7.3 COMMERCIAL AND RESIDENTIAL
TABLETABLE 22 PERMANENT MAGNET AC MOTOR MARKET FOR COMMERCIAL AND RESIDENTIAL, BY TYPE, 2019–2026 (USD MILLION)
TABLE 23 PERMANENT MAGNET AC 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 AC MOTOR MARKET FOR COMMERCIAL, BY TYPE, 2019–2026 (USD MILLION)
TABLE 25 PERMANENT MAGNET AC 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 AC 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 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 AC MOTOR MARKET FOR HEALTHCARE, BY REGION, 2019–2026 (USD MILLION)
7.3.1.5 Others
TABLE 29 PERMANENT MAGNET AC 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 MARKET FOR RESIDENTIAL, BY REGION, 2019–2026 (USD MILLION)
7.4 OTHERS
TABLE 31 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 AC MOTOR MARKET, BY POWER RATING, 2020 (%)
TABLE 32 PERMANENT MAGNET AC 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 MARKET, BY REGION, 2019–2026 (USD MILLION)
8.3 25–100 KW
8.3.1 RISING APPLICATION OF PERMANENT MAGNET AC MOTOR UPTO 25–100 KW ACROSS PRINTING & PACKAGING INDUSTRY
TABLE 34 25–100 KW PERMANENT MAGNET AC 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 MARKET, BY REGION, 2019–2026 (USD)
8.5 300 KW AND ABOVE
8.5.1 INCREASING APPLICATION OF PERMANENT MAGNET DC MOTOR 300 KW & ABOVE DUE TO ITS ADVANTAGE OVER CONVENTIONAL PROPULSION
TABLE 36 300 KW & ABOVE 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 DC MOTOR MARKET SHARE, BY REGION, 2020 (%)
TABLE 37 PERMANENT MAGNET DC MOTOR MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)
TABLE 38 PERMANENT MAGNET DC 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 MARKET IN ASIA PACIFIC, BY TYPE, 2019–2026 (USD MILLION)
9.2.3 BY POWER RATING
TABLE 40 PERMANENT MAGNET DC MOTOR MARKET IN ASIA PACIFIC, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.4 BY END-USE INDUSTRY
TABLE 41 PERMANENT MAGNET DC MOTOR MARKET IN ASIA PACIFIC, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 42 MARKET IN ASIA PACIFIC FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 43 MARKET IN ASIA PACIFIC FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
9.2.5 BY COUNTRY
TABLE 44 PERMANENT MAGNET DC 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 DC MOTOR MARKET IN CHINA, BY TYPE, 2019–2026 (USD MILLION)
9.2.5.1.3 By power rating
TABLE 46 PERMANENT MAGNET DC MOTOR MARKET IN CHINA, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.6 BY END-USE INDUSTRY
TABLE 47 PERMANENT MAGNET DC MOTOR MARKET IN CHINA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 48 PERMANENT MAGNET DC MOTOR MARKET IN CHINA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 49 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 MARKET IN JAPAN, BY TYPE, 2019–2026 (USD MILLION)
9.2.6.1.3 By power rating
TABLE 51 PERMANENT MAGNET DC MOTOR MARKET IN JAPAN, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.7 BY END-USE INDUSTRY
TABLE 52 PERMANENT MAGNET DC MOTOR MARKET IN JAPAN, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 53 MARKET IN JAPAN FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION))
TABLE 54 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 DC MOTOR MARKET IN INDIA, BY TYPE, 2019–2026 (USD MILLION)
9.2.7.1.3 By power rating
TABLE 56 MARKET IN INDIA, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.8 BY END-USE INDUSTRY
TABLE 57 PERMANENT MAGNET DC MOTOR MARKET IN INDIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 58 MARKET IN INDIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 59 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 DC MOTOR MARKET IN SOUTH KOREA, BY TYPE, 2019–2026 (USD MILLION)
9.2.8.1.3 By power rating
TABLE 61 MARKET IN SOUTH KOREA, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.9 BY END-USE INDUSTRY
TABLE 62 PERMANENT MAGNET DC MOTOR MARKET IN SOUTH KOREA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 63 PERMANENT MAGNET DC MOTOR MARKET IN SOUTH KOREA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 64 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 DC MOTOR MARKET IN AUSTRALIA, BY TYPE, 2019–2026 (USD MILLION)
9.2.9.1.3 By power rating
TABLE 66 PERMANENT MAGNET DC MOTOR MARKET IN AUSTRALIA, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.10 BY END-USE INDUSTRY
TABLE 67 MARKET IN AUSTRALIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 68 PERMANENT MAGNET DC MOTOR MARKET IN AUSTRALIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 69 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 MARKET IN REST OF ASIA PACIFIC, BY TYPE, 2019–2026 (USD MILLION)
9.2.10.1.2 By power rating
TABLE 71 PERMANENT MAGNET DC MOTOR MARKET IN REST OF ASIA PACIFIC, BY POWER RATING, 2019–2026 (USD MILLION)
9.2.11 BY END-USE INDUSTRY
TABLE 72 MARKET IN REST OF ASIA PACIFIC, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 73 MARKET IN REST OF ASIA-PACIFIC FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 74 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 DC MOTOR MARKET SNAPSHOT
9.3.1 PRICE TREND ANALYSIS
FIGURE 35 PRICE TREND ANALYSIS (2018-2020)
9.3.2 BY TYPE
TABLE 75 MARKET IN NORTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
9.3.3 BY POWER RATING
TABLE 76 MARKET IN NORTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
9.3.4 BY END-USE INDUSTRY
TABLE 77 MARKET IN NORTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 78 PERMANENT MAGNET DC MOTOR MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 79 MARKET IN NORTH AMERICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
9.3.5 BY COUNTRY
TABLE 80 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 MARKET IN US, BY TYPE, 2019–2026 (USD MILLION)
9.3.5.1.3 By power rating
TABLE 82 PERMANENT MAGNET DC MOTOR MARKET IN US, BY POWER RATING, 2019–2026 (USD MILLION)
9.3.6 BY END-USE INDUSTRY
TABLE 83 MARKET IN US, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 84 MARKET IN US FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 85 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 MARKET IN MEXICO, BY TYPE, 2019–2026 (USD MILLION)
9.3.6.1.3 By power rating
TABLE 87 MARKET IN MEXICO, BY POWER RATING, 2019–2026 (USD MILLION)
9.3.7 BY END-USE INDUSTRY
TABLE 88 PERMANENT MAGNET DC MOTOR MARKET IN MEXICO, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 89 PERMANENT MAGNET DC MOTOR MARKET IN MEXICO FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 90 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 DC MOTOR MARKET IN CANADA, BY TYPE, 2019–2026 (USD MILLION)
9.3.7.1.3 By power rating
TABLE 92 MARKET IN CANADA, BY POWER RATING, 2019–2026 (USD MILLION)
9.3.8 BY END-USE INDUSTRY
TABLE 93 MARKET IN CANADA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 94 MARKET IN CANADA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 95 PERMANENT MAGNET DC 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 MARKET IN REST OF NORTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
9.3.8.1.3 By power rating
TABLE 97 MARKET IN REST OF NORTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
9.3.9 BY END-USE INDUSTRY
TABLE 98 MARKET IN REST OF NORTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 99 PERMANENT MAGNET DC MOTOR MARKET IN REST OF NORTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 100 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 DC MOTOR MARKET IN EUROPE, BY TYPE, 2019–2026 (USD MILLION)
9.4.3 BY POWER RATING
TABLE 102 MARKET IN EUROPE, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.4 BY END-USE INDUSTRY
TABLE 103 PERMANENT MAGNET DC MOTOR MARKET IN EUROPE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 104 MARKET IN EUROPE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 105 PERMANENT MAGNET DC MOTOR MARKET IN EUROPE FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
9.4.5 BY COUNTRY
TABLE 106 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 MARKET IN GERMANY, BY TYPE, 2019–2026 (USD MILLION)
9.4.5.1.3 By power rating
TABLE 108 MARKET IN GERMANY, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.6 BY END-USE INDUSTRY
TABLE 109 MARKET IN GERMANY, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 110 MARKET IN GERMANY FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 111 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 MARKET IN RUSSIA, BY TYPE, 2019–2026 (USD MILLION)
9.4.6.1.3 By power rating
TABLE 113 PERMANENT MAGNET DC MOTOR MARKET IN RUSSIA, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.7 BY END-USE INDUSTRY
TABLE 114 MARKET IN RUSSIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 115 MARKET IN RUSSIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 116 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 MARKET IN ITALY, BY TYPE, 2019–2026 (USD MILLION)
9.4.7.1.3 By power rating
TABLE 118 PERMANENT MAGNET DC MOTOR MARKET IN ITALY, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.8 BY END-USE INDUSTRY
TABLE 119 MARKET IN ITALY, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 120 MARKET IN ITALY FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 121 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 MARKET IN FRANCE, BY TYPE, 2019–2026 (USD MILLION)
9.4.8.1.3 By power rating
TABLE 123 PERMANENT MAGNET DC MOTOR MARKET IN FRANCE, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.9 BY END-USE INDUSTRY
TABLE 124 MARKET IN FRANCE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 125 MARKET IN FRANCE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 126 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 MARKET IN UK, BY TYPE, 2019–2026 (USD MILLION)
9.4.9.1.2 By power rating
TABLE 128 MARKET IN UK, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.10 BY END-USE INDUSTRY
TABLE 129 MARKET IN UK, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 130 MARKET IN UK FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 131 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 MARKET IN REST OF EUROPE, BY TYPE, 2019–2026 (USD MILLION)
9.4.10.1.2 By power rating
TABLE 133 MARKET IN REST OF EUROPE, BY POWER RATING, 2019–2026 (USD MILLION)
9.4.11 BY END-USE INDUSTRY
TABLE 134 MARKET IN REST OF EUROPE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 135 MARKET IN REST OF EUROPE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 136 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 MARKET IN MIDDLE EAST & AFRICA, BY TYPE, 2019–2026 (USD MILLION)
9.5.3 BY POWER RATING
TABLE 138 MARKET IN MIDDLE EAST & AFRICA, BY POWER RATING, 2019–2026 (USD MILLION)
9.5.4 BY END-USE INDUSTRY
TABLE 139 MARKET IN MIDDLE EAST, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 140 MARKET IN MIDDLE EAST & AFRICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 141 MARKET IN MIDDLE EAST & AFRICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
9.5.5 BY COUNTRY
TABLE 142 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 MARKET IN SAUDI ARABIA, BY TYPE, 2019–2026 (USD MILLION)
9.5.5.1.3 By power rating
TABLE 144 MARKET IN SAUDI ARABIA, BY POWER RATING, 2019–2026 (USD MILLION)
9.5.6 BY END-USE INDUSTRY
TABLE 145 MARKET IN SAUDI ARABIA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 146 MARKET IN SAUDI ARABIA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 147 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 MARKET IN SOUTH AFRICA, BY TYPE, 2019–2026 (USD MILLION)
9.5.6.1.3 By power rating
TABLE 149 MARKET IN SOUTH AFRICA, BY POWER RATING, 2019–2026 (USD MILLION)
9.5.7 BY END-USE INDUSTRY
TABLE 150 MARKET IN SOUTH AFRICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 151 MARKET IN SOUTH AFRICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 152 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 MARKET IN UAE, BY TYPE, 2019–2026 (USD MILLION)
9.5.7.1.3 By power rating
TABLE 154 MARKET IN UAE, BY POWER RATING, 2019–2026 (USD MILLION)
9.5.8 BY END-USE INDUSTRY
TABLE 155 MARKET IN UAE, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 156 MARKET IN UAE FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 157 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 MARKET IN REST OF MEA, BY TYPE, 2019–2026 (USD MILLION)
9.5.8.1.2 By power rating
TABLE 159 MARKET IN REST OF MEA, BY POWER RATING, 2019–2026 (USD MILLION)
9.5.9 BY END-USE INDUSTRY
TABLE 160 MARKET IN REST OF MEA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 161 MARKET IN REST OF MEA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 162 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 MARKET IN SOUTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
9.6.3 BY POWER RATING
TABLE 164 MARKET IN SOUTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
9.6.4 BY END-USE INDUSTRY
TABLE 165 MARKET IN SOUTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 166 MARKET IN SOUTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 167 MARKET IN SOUTH AMERICA FOR COMMERCIAL & RESIDENTIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
9.6.5 BY COUNTRY
TABLE 168 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 MARKET IN BRAZIL, BY TYPE, 2019–2026 (USD MILLION)
9.6.6.1.2 By power rating
TABLE 170 MARKET IN BRAZIL, BY POWER RATING, 2019–2026 (USD MILLION)
9.6.7 BY END-USE INDUSTRY
TABLE 171 MARKET IN BRAZIL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 172 MARKET IN BRAZIL FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 173 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 MARKET IN ARGNETINA, BY TYPE, 2019–2026 (USD MILLION)
9.6.7.1.3 By power rating
TABLE 175 MARKET IN ARGENTINA, BY POWER RATING, 2019–2026 (USD MILLION)
9.6.8 BY END-USE INDUSTRY
TABLE 176 MARKET IN ARGENTINA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 177 MARKET IN ARGENTINA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 178 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 MARKET IN REST OF SOUTH AMERICA, BY TYPE, 2019–2026 (USD MILLION)
9.6.8.1.2 By power rating
TABLE 180 MARKET IN REST OF SOUTH AMERICA, BY POWER RATING, 2019–2026 (USD MILLION)
9.6.9 BY END-USE INDUSTRY
TABLE 181 MARKET IN REST OF SOUTH AMERICA, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 182 MARKET IN REST OF SOUTH AMERICA FOR INDUSTRIAL, BY END-USE INDUSTRY, 2019–2026 (USD MILLION)
TABLE 183 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 MARKET: DEGREE OF COMPETITION
FIGURE 36 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 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: 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 MARKET: PRODUCT LAUNCHES, JANUARY 2017–JANUARY 2021
TABLE 192 MARKET: DEALS, JANUARY 2017–MARCH 2021
TABLE 193 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:
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
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 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 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 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.
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- ?Detailed analyses and profiling of additional market players (up to 5)
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Growth opportunities and latent adjacency in Permanent Magnet Motor Market