Permanent Magnet Motor Market By Motor Type, (Alternating Current Motor, Direct Current Motor, Hermetic Motors), By Magnet Type, (Neodymium, Samarium Cobalt, Ferrite), By Application, (Factory Automation, Consumer, Office automation, Commercial), Estimation & Forecast, 2016 - 2024

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Permanent Magnet Motor Market was valued at $28.24 billion in 2016, and is projected to reach $74.33 billion by 2024, having a CAGR of 13.2% during the forecast period of 2017 to 2024.
  • A permanent magnet is magnetized and generates its own determined magnetic field. As permanent magnets do not require continuous electrical energy to maintain their electric field, the permanent magnet motors are favored over electromagnetic motors. The brushless electric motor that use permanent magnets over windings in the field is referred to as a permanent magnet motor. The magnets which are used in permanent magnet motors are the derivative of rare earth metals. Basically, a permanent magnet motor acts as a synchronous machine having a magnetic excitation on its rotor. The continuous need for an increased power density is actually leading to a growing demand for high speed permanent magnet motors. There are various kinds of permanent magnet motors, including AC motors, DC motors and hermetic motors which are used for specific purposes. Permanent magnet motors are the best environment friendly options and are intensively used in compressors, machine tool, cryo & energy generating industry.

    Permanent Magnet Motor Market Determinants

    There are various necessities which are leading to a growing demand for high speed permanent magnet motors such as continuous need for an increased power density. Due to the quasi linear relation between rotational speed and shaft power of an electric motor, the efficiency can be easily increased by increasing the rated speed. Hence, permanent magnet motors are highly energy efficient in nature Moreover, less weight and small volume are also the driving factors for the market growth. The compressor industry is a field where high efficiency, fuel-free operation and least emissions make permanent magnet motors the most suitable, economic and environmental friendly compressor drives. Moreover, the increasing awareness regarding green vehicles is also aiding the permanent motor market to grow rapidly. As per a research, U.S is expected to produce more than 1.2 million electric vehicles in 2017. However, failures in motor elements can cause severe crashes affecting the environment and the machine. Moreover, uncertain availability of rare earth material and complex procedure of circuit construction might hamper the permanent magnet motor market growth. On the other hand, the emergence of automobile industry, specifically in Asia Pacific will bring future growth opportunities for the market.

    As a result of their high power density, reliability, efficiency, maintenance free nature and silent operation, permanent magnet (PM) motors have been widely used in a variety of applications such as factory automation, consumer, office automation, commercial, lab equipment, medical and military/Aero.

    The alternating current or (PMAC) motors are supposed to witness the fastest growth, having a CAGR of 15% throughout the forecast period, accounting to its low cost and being light in weight. According to a research done by Idaho National laboratory (INL), AC motors are much more efficient than DC motors and can exhibit an efficiency of 95% at full load.

    Permanent Magnet Motor Market Segmentation

    By Motor Type
    • Alternating Current Motor
    • Direct Current Motor
    • Hermetic Motors

    By Magnet Type
    • Neodymium (NdFeB)
    • Samarium Cobalt (SmCo5 and Sm2Co17)
    • Ferrite

    By Application
    • Factory Automation
    • Consumer
    • Office automation
    • Commercial
    • Lab equipment
    • Medical
    • Military/Aero

    By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of World

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  • CHAPTER 1. INTRODUCTION
    1.1. RESEARCH METHODOLOGY
    1.1.1. ERC desk research
    1.1.2. ERC data synthesis
    1.1.3. Data validation and market feedback
    1.1.4. ERC data sources
    1.2. RESEARCH SCOPE

    CHAPTER 2. MARKET LANDSCAPE
    2.1. RESEARCH SUMMARY
    2.2. VALUE CHAIN ANALYSIS
    2.3. FIVE FORCES ANALYSIS
    2.4. MARKET SHARE ANALYSIS
    2.5. DEMAND FORECAST
    2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS
    2.7. MARKET DETERMINANTS
    2.7.1. Drivers
    2.7.1.1. Increasing demand of electric motor in agricultural and industrial sector
    2.7.1.2. Enhanced productivity due to permanent magnets
    2.7.1.3. Reduction in the power consumption
    2.7.1.4. Increasing awareness regarding green vehicles amongst customers
    2.7.1.5. Low cost permanent magnets minimizing the cost of motors
    2.7.2. Restraints
    2.7.2.1. Complex cuircuiting of motors
    2.7.2.2. Limited availability of rare earth magnets
    2.7.3. Opportunities
    2.7.3.1. Creations of the rare earth magnets
    2.7.3.2. Increase in gas and oil industries

    CHAPTER 3. GLOBALPERMANENT MAGNET MOTOR MARKET BY MOTOR TYPE
    3.1. SEGMENT OUTLINE
    3.2. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY MOTOR TYPE, 2016-2024
    3.3. ALTERNATING CURRENT MOTOR
    3.3.1. Trend analysis
    3.3.2. Market growth indicators
    3.3.3. Global alternating current motor market revenue by region, 2016-2024
    3.4. DIRECT CURRENT MOTOR
    3.4.1. Trend analysis
    3.4.2. Market growth indicators
    3.4.3. Global direct current motor market revenue by region, 2016-2024
    3.5. HERMETIC MOTORS
    3.5.1. Trend analysis
    3.5.2. Market growth indicators
    3.5.3. Global hermetic motor market revenue by region, 2016-2024

    CHAPTER 4. GLOBAL PERMANENT MAGNET MOTOR MARKET BY MAGNET TYPE
    4.1. SEGMENT OUTLINE
    4.2. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024
    4.3. NEODYMIUM (NDFEB)
    4.3.1. Trend analysis
    4.3.2. Market growth indicators
    4.3.3. Global neodymium (NdFeB) market revenue by region, 2016-2024
    4.4. SAMARIUM COBALT (SMCO5 AND SM2CO17)
    4.4.1. Trend analysis
    4.4.2. Market growth indicators
    4.4.3. Global samarium cobalt (SmCo5 and Sm2Co17) market revenue by region, 2016-2024
    4.5. FERRITE
    4.5.1. Trend analysis
    4.5.2. Market growth indicators
    4.5.3. Global ferrite market revenue by region, 2016-2024

    CHAPTER 5. GLOBAL PERMANENT MAGNET MOTOR MARKET BY APPLICATION
    5.1. SEGMENT OUTLINE
    5.2. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY APPLICATION, 2016-2024
    5.3. FACTORY AUTOMATION
    5.3.1. Trend analysis
    5.3.2. Market growth indicators
    5.3.3. Global factory automation market revenue by region, 2016-2024
    5.4. CONSUMER
    5.4.1. Trend analysis
    5.4.2. Market growth indicators
    5.4.3. Global consumer market revenue by region, 2016-2024
    5.5. OFFICE AUTOMATION
    5.5.1. Trend analysis
    5.5.2. Market growth indicators
    5.5.3. Global office automation market revenue by region, 2016-2024
    5.6. COMMERCIAL
    5.6.1. Trend analysis
    5.6.2. Market growth indicators
    5.6.3. Global commercial market revenue by region, 2016-2024
    5.7. LAB EQUIPMENT
    5.7.1. Trend analysis
    5.7.2. Market growth indicators
    5.7.3. Global lab equipment market revenue by region, 2016-2024
    5.8. MEDICAL
    5.8.1. Trend analysis
    5.8.2. Market growth indicators
    5.8.3. Global medical market revenue by region, 2016-2024
    5.9. MILITARY/AERO
    5.9.1. Trend analysis
    5.9.2. Market growth indicators
    5.9.3. Global military/aero market revenue by region, 2016-2024

    CHAPTER 6. GLOBAL PERMANENT MAGNET MOTOR BY POWER RANGE 
    6.1. SEGMENT OUTLINE
    6.2. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY POWER RANGE, 2016-2024
    6.3. BELOW 4.0 KW
    6.3.1. Trend analysis
    6.3.2. Market growth indicators
    6.3.3. Global below 4.0KW market revenue by region, 2016-2024
    6.4. 4.0KW – 22.0KW
    6.4.1. Trend analysis
    6.4.2. Market growth indicators
    6.4.3. Global 4.0KW -22.0KW market revenue by region, 2016-2024
    6.5. 22KW – 75KW
    6.5.1. Trend analysis
    6.5.2. Market growth indicators
    6.5.3. Global 22KW – 75KW market revenue by region, 2016-2024
    6.6. ABOVE 75KW
    6.6.1. Trend analysis
    6.6.2. Market growth indicators
    6.6.3. Global above 75KW market revenue by region, 2016-2024

    CHAPTER 7. GLOBAL PERMANENT MAGNET MOTOR MARKET BY GEOGRAPHY
    7.1. SEGMENT OUTLINE
    7.2. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY GEOGRAPHY, 2016-2024
    7.3. NORTH AMERICA
    7.3.1. Trend analysis
    7.3.2. Market growth indicators
    7.3.3. North America permanent magnet motor market revenue by magnet type, 2016-2024
    7.4. EUOPE
    7.4.1. Trend analysis
    7.4.2. Market growth indicators
    7.4.3. Europe permanent magnet motor market revenue by magnet type, 2016-2024
    7.5. ASIA PACIFIC
    7.5.1. Trend analysis
    7.5.2. Market growth indicators
    7.5.3. Asia Pacific permanent magnet motor market revenue by magnet type, 2016-2024
    7.6. ROW
    7.6.1. Trend analysis
    7.6.2. Market growth indicators
    7.6.3. ROW permanent magnet motor market revenue by magnet type, 2016-2024 39

    CHAPTER 8. KEY VENDOR PROFILES
    8.1. TOSHIBA CORPORATION
    8.1.1. Company synopsis
    8.1.2. Company snapshot
    8.1.3. Business overview
    8.1.4. Strategic analysis
    8.2. AUTOTROL CORPORATION
    8.2.1. Company synopsis
    8.2.2. Company snapshot
    8.2.3. Business overview
    8.2.4. Strategic analysis
    8.3. DANAHER CORPORATION
    8.3.1. Company synopsis
    8.3.2. Company snapshot
    8.3.3. Business overview
    8.3.4. Strategic analysis
    8.4. BALDOR ELECTRIC COMPANY, INC.
    8.4.1. Company synopsis
    8.4.2. Company snapshot
    8.4.3. Business overview
    8.4.4. Strategic analysis
    8.5. SIEMENS
    8.5.1. Company synopsis
    8.5.2. Company snapshot
    8.5.3. Business overview
    8.5.4. Strategic analysis
    8.6. ROCKWELL AUTOMATION, INC
    8.6.1. Company synopsis
    8.6.2. Company snapshot
    8.6.3. Business overview
    8.6.4. Strategic analysis
    8.7. AMETEK INC.
    8.7.1. Company synopsis
    8.7.2. Company snapshot
    8.7.3. Business overview
    8.7.4. Strategic analysis
    8.8. ALLIED MOTION TECHNOLOGIES, INC:
    8.8.1. Company synopsis
    8.8.2. Company snapshot
    8.8.3. Business overview
    8.8.4. Strategic analysis
    8.9. JOHNSON ELECTRIC HOLDINGS LTD.
    8.9.1. Company synopsis
    8.9.2. Company snapshot
    8.9.3. Business overview
    8.9.4. Strategic analysis
    8.10. FRANKLIN ELECTRIC CO., INC.
    8.10.1. Company synopsis
    8.10.2. Company snapshot
    8.10.3. Business overview
    8.10.4. Strategic analysis

    LIST OF TABLES

    TABLE NO 1. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY MOTOR TYPE, 2016-2024 ($MILLION)
    TABLE NO 2. GLOBAL ALTERNATING CURRENT MOTOR MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 3. GLOBAL DIRECT CURRENT MOTOR MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 4. GLOBAL HERMETIC MOTOR MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 5. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    TABLE NO 6. GLOBAL NEODYMIUM (NDFEB) MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 7. GLOBAL SAMARIUM COBALT (SMCO5 AND SM2CO17) MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 8. GLOBAL FERRITE MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 9. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY APPLICATION, 2016-2024 ($MILLION)
    TABLE NO 10. GLOBAL FACTORY AUTOMATION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 11. GLOBAL CONSUMER MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 12. GLOBAL OFFICE AUTOMATION MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 13. GLOBAL COMMERCIAL MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 14. GLOBAL LAB EQUIPMENT MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 15. GLOBAL MEDICAL MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 16. GLOBAL MILITARY/AERO MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 17. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY POWER RANGE, 2016-2024 ($MILLION)
    TABLE NO 18. GLOBAL BELOW 4.0KW MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 19. GLOBAL 4.0KW – 22.0KW MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 20. GLOBAL 22KW – 75KW MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 21. GLOBAL ABOVE 75KW MARKET REVENUE BY REGION, 2016-2024 ($MILLION)
    TABLE NO 22. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION)
    TABLE NO 23. NORTH AMERICA PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    TABLE NO 24. EUROPE PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    TABLE NO 25. ASIA PACIFIC PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    TABLE NO 26. ROW PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)

    LIST OF FIGURES

    FIGURE NO 1. VALUE CHAIN ANALYSIS
    FIGURE NO 2. FIVE FORCES ANALYSIS
    FIGURE NO 3. MARKET SHARE ANALYSIS
    FIGURE NO 4. INVESTMENT OPPORTUNITIES
    FIGURE NO 5. KEY STRATEGIC ATTEMPTS (%SHARE)
    FIGURE NO 6. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY MOTOR TYPE, 2016-2024 ($MILLION)
    FIGURE NO 7. GLOBAL ALTERNATING CURRENT MOTOR MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 8. GLOBAL DIRECT CURRENT MOTOR MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 9. GLOBAL HERMETIC CURRENT MOTOR MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 10. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    FIGURE NO 11. GLOBAL NEODYMIUM (NDFEB) MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 12. GLOBAL SAMARIUM COBALT (SMCO5 AND SM2CO17) MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 13. GLOBAL FERRITE MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 14. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY APPLICATION, 2016-2024 ($MILLION)
    FIGURE NO 15. GLOBAL FACTORY AUTOMATION MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 16. GLOBAL CONSUMER MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 17. GLOBAL OFFICE AUTOMATION MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 18. GLOBAL COMMERCIAL MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 19. GLOBAL LAB EQUIPMENT MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 20. GLOBAL MEDICAL MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 21. GLOBAL MILITARY/AERO MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 22. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY POWER RANGE, 2016-2024 ($MILLION)
    FIGURE NO 23. GLOBAL BELOW 4.0KW MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 24. GLOBAL 4.0KW -22.0KW MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 25. GLOBAL 22KW – 75KW MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 26. GLOBAL ABOVE 75KW MARKET REVENUE BY REGION 2016-2024 ($MILLION)
    FIGURE NO 27. GLOBAL PERMANENT MAGNET MOTOR MARKET REVENUE BY GEOGRAPHY, 2016-2024 ($MILLION)
    FIGURE NO 28. NORTH AMERICA PERMANENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    FIGURE NO 29. EUROPE PERMANENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    FIGURE NO 30. ASIA PACIFIC PERMANENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)
    FIGURE NO 31. ROW PERMANENT MOTOR MARKET REVENUE BY MAGNET TYPE, 2016-2024 ($MILLION)

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  • • Toshiba Corporation,
    • Autotrol Corporation
    • Danaher Corporation
    • Baldor Electric Company, Inc.
    • Siemens
    • Rockwell Automation, Inc.
    • Ametek Inc.
    • Allied Motion Technologies, Inc.
    • Johnson Electric Holdings Ltd.
    • Franklin Electric Co., Inc.

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What Information does this report contain?

• What was the market size of the Permanent Magnet Motor Market in 2016 and the expected market size by 2024, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2016 – 2024)?
• Which are the leading companies in the Permanent Magnet Motor Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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