IE4 Permanent Magnet Synchronous Motors Market In-depth Survey and Trend Research Report 2018-2025
According to the report, the global IE4 permanent magnet synchronous motors market was pegged at $101.74 million in 2017 and is expected to reach $206.62 million by 2025, growing at a CAGR of 9.8% from 2018 to 2025.
On the basis of application, the market is divided into material handling, liquid pumps, fans & ventilation, cooling compressors, air compressors & vacuum pumps, blowers, and coolers. The air compressors & vacuum pumps segment dominated the market in 2017 and is projected to continue its dominance by occupying nearly one-fifth of total market share by 2025. However, the coolers segment is expected to register the fastest CAGR of 10.4% during the forecast period.
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The air compressors & vacuum pumps segment dominated the market in 2017 and is projected to continue its dominance by occupying nearly one-fifth of total market share by 2025.
The market is categorized on the basis of product, application, and geography. Based on the product, the market is segmented into less than 20kW, 20-200kW, and more than 200kW. The 20-200 kW segment held the largest share in 2017, accounting for half of the total market and is estimated to continue its dominance through 2025, owing to its greater energy efficiency and high demand in the sugar processing industry.
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The market report provides in-depth analysis of the key market players such as Altra Industrial Motion Corp, ABB, Bharat Bijlee, Anhui Wannan Electric Machine Co., Ltd., Danfoss, CG global, Hitachi Ltd., Fuji Electric Co., Ltd., Kienle + Spiess GmbH, Kaeser Kompressoren, Lafert, KSB SE & Co. KGaA, NORD Drive systems, Merkes GmbH, Nidec, OEMER, Siemens AG, O.M.E. Motori Elettrici s.r.l., Toshiba Corporation, VEM Group, and Weg S.A.
Key Findings of The Ie4 Permanent Magnet Synchronous Motors Market:
o In 2017, the air compressors and vacuum pumps segment dominated the global IE4 permanent magnet synchronous motors market in terms of revenue and is projected to grow at a CAGR of 9.5% during the forecast period.
o The 20-200kW segment is expected to be the largest customer for the IE4 permanent magnet synchronous motors market players globally.
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