Permanent Magnet Motor Market – Forecasts from 2018 to 2023
A permanent magnet motor is an electric motor which uses permanent magnets rather than in-field winding as they provide higher efficiency when used in consumer electronics and electric vehicles. Favorable government policies coupled with high economic growth in the developing countries will drive the demand for electric automobiles and consumer electronics in the coming years. In addition, these magnets are also used in many solar and wind energy generators. Booming renewable energy domain will boost the demand for permanent magnet motors. However, the high initial setup costs will limit the growing demand for these magnets. The Asia Pacific region will see ample growth opportunities during the forecast period owing to budding disposable income and improvement in the standard of living.
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This report studies the market structure, forecast, growth opportunities and segregated market information of the permanent magnet motor market.
This report provides the market forecast segmented by the following motor types:
Direct Current Motor
Alternating Current Motor
Forecast segmented by the following Magnet:
Forecast segmented by the following Industry Verticals:
Forecast based on the following Geographies:
The Middle East and Africa
Also, the report focuses on the following key players in the permanent magnet motor market:
Rockwell Automation, Inc.
Franklin Electric Co. Inc.
Allied Motion Technologies Inc.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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