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A permanent magnet motor is a type of brushless electric motor that uses permanent magnets rather than winding in the field.
The permanent magnet AC motors segment is estimated to lead the permanent magnet motor market in 2018. It is also projected to grow at the fastest rate during the forecast period because of features such as high torque capacity, high-quality magnetic performance, high accelerations, and high withstand overload capacity without the risk of demagnetization of the magnets. In Asia Pacific, the major demand for permanent magnet AC motors is from the industrial sector. This is likely to boost the overall permanent magnet AC motor market.
The market in Asia Pacific is expected to lead the global permanent magnet motor market by 2023. The market size in this region can be attributed to the increasing focus on the electronics sector, of which permanent magnet motors are a major component. Countries such as China, Japan, and India are the key markets for permanent magnet motors in Asia Pacific. The growing demand for energy-efficient motors for end-use applications such as electric vehicles, consumer electronics, and automobiles in the region is expected to drive the market in Asia Pacific.
The global Permanent Magnet Motor market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Permanent Magnet Motor in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
Permanent Magnet Alternate Current Motor (PMAC)
Permanent Magnet Alternate Direct Motor (PMDC)
By the end users/application, this report covers the following segments
Commercial & Residential
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
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