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IE4 Permanent Magnet Synchronous Motors Market In-depth Survey and Trend Research Report 2018-2025

02-14-2020 04:02 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

IE4 Permanent Magnet Synchronous Motors Market In-depth Survey

Increased demand for energy-efficient motors and surge in adoption of motors with minimum operation cost have boosted the growth of the global IE4 permanent magnet synchronous motors market. However, the incessant challenges faced by domestic manufacturers to adapt to the mass production of IE4 PMS motors hamper market growth.

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.

Access Full Report Summary:https://www.alliedmarketresearch.com/ie4-permanent-magnet-synchronous-motors-market

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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