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IE4 Permanent Magnet Synchronous Motors Market Size to Cross $206.62 Million by 2025

05-29-2020 04:28 PM CET | Industry, Real Estate & Construction

Press release from: allied market research

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. On the contrary, rapid development in design methods to reduce carbon emission is expected to create lucrative opportunities in the near future.

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.

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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. However, the coolers segment is expected to register the fastest CAGR of 10.4% during the forecast period.

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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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 customers for the IE4 permanent magnet synchronous motors market players globally.

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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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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