IE4 Permanent Magnet Synchronous Motors Market to Exhibit $206,623 thousand by 2025

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.

The global IE4 permanent magnet synchronous motors market size was valued at $85,153 thousand in 2013, and is projected to reach $206,623 thousand by 2025, growing at a CAGR of 9.8% from 2018 to 2025. In 2017, Asia-Pacific dominated the global IE4 permanent magnet synchronous motors market, in terms of revenue, accounting for about 43.3% share of the global market, followed by Europe.

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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. However, the more than 200 kW segment is expected to manifest the fastest CAGR of 10.3% during the forecast period.

Asia-Pacific is a pioneer in the market, owing to the expansion of automobile sector in the region. Therefore, IE4 permanent magnet synchronous motors market share is highest among the Asia-Pacific countries.

Asia-Pacific secured the highest market share in 2017, owing to growth in automotive sector particularly in developing nations. In addition, increase in demand for IE4 motors from small-scale food & beverage industries is expected to boost the Asia-Pacific market growth. North America and Europe are expected to register significant growth during the forecasted period.

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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.

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